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SPRINTEX LIMITED — Share Issue/Capital Change 2014
Nov 19, 2014
65799_rns_2014-11-19_1a728020-8bd2-4dd4-8f9c-f7aa141195e5.pdf
Share Issue/Capital Change
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SPRINTEX LIMITED ABN: 38 106 337 599
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ASX Announcement
ASX Code: SIX
20 November 2014
SHARE ISSUES ON CONVERSION OF DEBT
Further to the Share Issues on Conversion of Debt announcement 13 November 2014, Sprintex Limited ( ASX : SIX ) ( Company ) is pleased to announce additional capitalisation of existing debts into equity as set out in the Notice of General Meeting dated 11 September 2014, with the following issues having being made on the capitalisation of:
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$28,198 owed to Richard O’Brien as a result of monies lent to the Company, by the issue of 9,399,277 fully paid ordinary shares at $0.003 per share in the Company to Richard O’Brien, in full satisfaction of that debt;
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$16,162 owed to David White as a result of monies lent to the Company, by the issue of 5,387,184 fully paid ordinary shares at $0.003 per share in the Company to David White, in full satisfaction of that debt; and
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$217,000 owed to Wilson’s Pipe Fabrication Pty Limited ( WPF ) as a result of monies lent to the Company, by the issue of 72,333,333 fully paid ordinary shares at $0.003 per share in the Company to WPF, in full satisfaction of that debt.
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Company Overview
Sprintex Limited (Sprintex) is the ISO 9001 accredited designer and manufacturer of the patented low emission, highly efficient Sprintex® twin screw supercharger. Following commissioning of a low cost volume manufacturing facility in Malaysia, Sprintex is now focusing on participation in the exponential growth underway in the global forced induction marketplace from this new state of the art facility.
183 Mulgul Road, Malaga WA 6090 PO Box 3348 Malaga DC WA 6945 Phone: +61 8 9262 7277 Fax: +61 8 9262 7288 Email: [email protected] URL: www.sprintex.com.au