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STREAMPLAY STUDIO LIMITED — Capital/Financing Update 2012
Sep 5, 2012
65841_rns_2012-09-05_728c4990-1a4b-4661-bf0f-ae09ee9c7a34.pdf
Capital/Financing Update
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5 September 2012
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COMPLETION OF NON-RENOUNCEABLE RIGHTS ISSUE $1.4 MILLION RAISED
The Directors of Gippsland Limited [ASX: GIP, Deutsche Borse: GIX] ("Gippsland" or "the Company") advise the successful conclusion of its 3 for 7 non-renounceable Rights Issue. In all, parties subscribed for 55% (over 230 million) of the shares on offer, for a total capital raising of $1.38 million before issue costs leaving a shortfall of $1.12m.
Funds raised will be allocated to completion of the current exploration program in Eritrea, which will include completion of the drilling program, working capital and issue costs.
For further information, please contact
Geoff Hawkins Gippsland Limited Tel: +61 8 9340 6000 Email: [email protected] Web: www.gippslandltd.com
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ASX 120905 Rights Issue Completion.doc