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SPRINTEX LIMITED — Capital/Financing Update 2013
Jul 3, 2013
65799_rns_2013-07-03_0a7c7790-42fd-4496-bc57-ab560360f690.pdf
Capital/Financing Update
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SPRINTEX LIMITED ABN: 38 106 337 599
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4 JULY 2013
NON-RENOUNCEABLE OPTION ENTITLEMENT ISSUE
Sprintex Limited (ASX Code: SIX) advises that the attached letter to Eligible Shareholders in relation to the Non-Renounceable Option Entitlement Issue was despatched on 3 July 2013.
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Jay Stephenson COMPANY SECRETARY
183 MULGUL ROAD MALAGA WESTERN AUSTRALIA 6090 PO BOX 3348 MALAGA DC WESTERN AUSTRALIA 6945 Phone: +61 8 9262 7277 Fax: +61 8 9262 7288 Email: [email protected] URL: www.sprintex.com.au
SPRINTEX LIMITED ABN: 38 106 337 599
3 July 2013
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Dear Eligible Shareholder,
On 1 July 2013, Sprintex Limited ( Sprintex or Company ) announced a non-renounceable pro rata offer to eligible shareholders of up to 211,453,567 new options ( New Options ) at an issue price of $0.001 per New Option, exercisable at $0.02 on or before 30 June 2014 on the basis of one New Option for every four existing shares held at the record date, to raise approximately $211,454 ( Entitlement Issue ).
Details of the Entitlement Issue
The Entitlement Issue, which will raise up to approximately $211,454, is being made to Eligible Shareholders (as defined below), on the basis of one New Option for every four existing shares held at 5.00pm (WST) on 10 July 2013 ( Record Date ). The Entitlement Issue is not underwritten.
All Shares allotted on exercise of the New Options will rank equally with the Company’s existing shares. Application will be made to the ASX for quotation of the New Options.
A prospectus in relation to the Entitlement Issue was lodged with ASIC and ASX on 1 July 2013 ( Prospectus ) and will be mailed to Eligible Shareholders on 16 July 2013.
Eligible Shareholders are those persons who are holders of ordinary shares in Sprintex at 5.00pm (WST) on 10 July 2013, andhave a registered address in Australia or New Zealand.
Use of Proceeds
The proceeds of the Entitlement Issue will be used by the Company for general working capital and to fund Entitlement Issue expenses.
Timetable
The Company expects the Entitlement Issue to be conducted in accordance with the following timetable:
| Event | Date |
|---|---|
| Lodgement Date | 1 July2013 |
| “Ex” date | 4 July2013 |
| Record date to determine Entitlements | 5pm WST, 10 July 2013 |
| Prospectus with Application Form dispatched | 16 July 2013 |
| Entitlement Issue opens for receipt of Applications | 16 July 2013 |
| Closing date for acceptances | 5pm WST, 6 August 2013 |
| New Options quoted on a deferred settlement basis | 7 August 2013 |
| Notify ASX of under subscriptions | 8 August 2013 |
| Allotment and issue of New Options | 12 August 2013 |
| Despatch of holding statements | 13 August 2013 |
| Trading of New Options expected to commence | 13 August 2013 |
The above dates are indicative only. The Company reserves the right vary the above dates, subject to ASX Listing Rules and Corporations Act.
183 MULGUL ROAD MALAGA WESTERN AUSTRALIA 6090 PO BOX 3348 MALAGA DC WESTERN AUSTRALIA 6945 Phone: +61 8 9262 7277 Fax: +61 8 9262 7288 Email: [email protected] URL: www.sprintex.com.au
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Capital Structure
A table setting out the capital structure of the Company after completion of the Entitlement Issue, assuming full subscription, is set out below:
| Shares | |
|---|---|
| 845,814,268 | Shares quoted on ASX as at the date of the Prospectus |
| 845, 814,268 | Total issued Shares |
| Options | |
|---|---|
| 211,453,567 | Listed New Options exercisable at $0.02 on or before 30 June 2014 issuedpursuant to the Prospectus |
| 211,453,567 | Total issued Options |
| Performance Rights | |
| 11,250,000 | Class B, C and D Performance Rights |
| 11,250,000 | Total issued Performance Rights |
If you have any questions, please call the Company Secretary on +61 6141 3500 at any time between 8.30am to 5.30pm (WST), Monday to Friday before the Entitlement Issue closes, or consult your stockbroker or professional adviser.
A copy of the Prospectus may be viewed on the website of the ASX or alternatively at the Company’s website at www.sprintex.com.au.
Unless defined within, capitalised terms used in this letter have the same meaning given to those terms in the Prospectus.
We look forward to your participation in the Entitlement Issue.
Yours sincerely
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Steven Apedaile Managing Director
Sprintex Limited
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