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STREAMPLAY STUDIO LIMITED — Capital/Financing Update 2013
Mar 5, 2013
65841_rns_2013-03-05_5e801d1c-4d52-4d87-bb10-a830c2ab5754.pdf
Capital/Financing Update
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6 March 2013
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NON RENOUNCEABLE RIGHTS ISSUE TO RAISE $3 MILLION
The Directors of Gippsland Limited [ASX: GIP, DB: GIX] ("Gippsland" or "the Company") announce that the Company will undertake a non-renounceable rights issue to all shareholders on the basis of one new share for every four existing shares to raise approximately $3,014,000 before costs at an issue price of 1 cent per new share ("Rights Issue").
The Rights Issue price represents a discount of approximately 29% to yesterday’s closing price of Gippsland shares traded on ASX (1.4 cents) and to the 30 day volume weighted average of Gippsland shares traded on ASX (also 1.4 cents).
A prospectus for the Rights Issue will follow this announcement and will be despatched to eligible shareholders following the Record Date on 18 March 2013.
Yours faithfully Gippsland Limited
Rowan Caren Company Secretary
T: +61 8 9340 6000 E: [email protected]
130306 ASX ANNOUNCEMENT - Rights Issue
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