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STREAMPLAY STUDIO LIMITED — Capital/Financing Update 2013
Apr 8, 2013
65841_rns_2013-04-08_3d5f5a6f-31ba-4bf4-af64-4bbc790699cb.pdf
Capital/Financing Update
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9 April 2013
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COMPLETION OF NON-RENOUNCEABLE RIGHTS ISSUE $1.65 MILLION RAISED
The Directors of Gippsland Limited [ASX: GIP, Deutsche Borse: GIX] ("Gippsland" or "the Company") advise that its 1 for 4 non-renounceable Rights Issue has now closed. In all, parties subscribed for 55% of the shares on offer, for a total capital raising of $1.65 million before issue costs leaving a shortfall of 136,667,813 shares.
Funds raised will be used to repay the shareholder loan, working capital for the Abu Dabbab alluvial tin project, general working capital, Eritrean exploration, costs associated with financing of Abu Dabbab and costs of the issue.
For further information, please contact
Ian Gandel Gippsland Limited Tel: +61 8 9340 6000 Email: [email protected] Web: www.gippslandltd.com
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ASX 130409 Rights Issue Completion Final