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STREAMPLAY STUDIO LIMITED — Capital/Financing Update 2009
Oct 11, 2009
65841_rns_2009-10-11_01c92d57-866d-43ac-ab32-ab608fafa15e.pdf
Capital/Financing Update
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9 October 2009
RIGHTS ISSUE SHORTFALL NOTICE
Gippsland Limited ("Company") wishes to advise that its recent underwritten two for seven renounceable rights issue ("Offer") at $0.032 per share to existing eligible shareholders closed on 6 October 2009.
Valid subscriptions were received for 113,657,234 million shares which equates to an uptake of 93.9%.
The shortfall under the Offer, being 7,372,703 shares, will be allocated to Gandel Metals Pty Ltd pursuant to the Company's underwriting arrangements with that party.
On receipt of the shortfall funds from Gandel Metals, a total of AU$3.872 million will be have been raised pursuant to the Offer.
The Board is delighted with the level of participation in the renounceable rights issue and wishes to thank shareholders for their continued support of the Company.
For further information, please contact:
RJ (Jack) Telford Director, Chief Executive Officer Gippsland Limited [email protected] www.gippslandltd.com
DJ Carmichael & Co Paul Covich / Rob Matthews Tel: +61 8 9263 5271 Email: [email protected] / [email protected] Web: www.djcarmichael.com.au
WH Ireland Limited (UK) John Molyneux / James Hughes Tel: +44 20 7220 1665 / +44 20 7220 1663 Email: [email protected] / [email protected] Web: www.wh-ireland.co.uk
ASX 091009 Rights Issue Shortfall Notice
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