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SUNSTONE METALS LTD Share Issue/Capital Change 2014
65870_rns_2014-11-04_1fa002df-9358-4b92-a7a6-f87ddc172363.pdf
Share Issue/Capital Change
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SHARE CONSOLIDATION 1 FOR 10
As previously announced, the shareholders of Avalon Minerals Limited ('Avalon' or 'Company') (ASX Code: 'AVI') approved a one for ten consolidation of the Company's shares at the Annual General Meeting held on 3 November 2014.
The consolidation involves the conversion of every ten (10) fully paid ordinary shares on issue into one (1) fully paid ordinary share. Where the consolidation results in a shareholder having a fractional entitlement to a share, the Company will round up the entitlement to the next whole number of shares.
From 6 November 2014, Avalon's shares will trade on a deferred settlement basis under the ASX Code 'AVIDA'. Once the consolidation is completed the ASX Code will return to 'AVI'.
Avalon is conducting the consolidation to bring its total share numbers on issue more into line with industry peers. The number of shares Avalon will have on issue will decrease to around 143,735,488.
While the share consolidation will have no effect on the underlying value of the Company, the effect on Avalon's share price at the time of conversion should be to trade at 10 times the price at which the shares previously traded. The share price will continue to be influenced by other factors.
As a reminder to shareholders, the key dates for the share consolidation are:
| Key Event | Indicative Date |
|---|---|
| Tradingintheconsolidatedsecuritiesona deferredsettlement basis commences.Avalon's ASX ticker ID 'AVIDA'. | 6 November 2014 |
| Last day to register transfers on a pre-consolidation basis. | 10 November 2014 |
| Deferred settlement trading ends.Despatch of new holding statements. | 17 November 2014 |
| Normal trading commences following share consolidation.Avalon's ASX ticker returns to "AVI'. | 18 November 2014 |
Roslynn Shand Company Secretary Avalon Minerals Ltd
For further information please visit www.avalonminerals.com.au or contact:
Mr Malcolm Norris Managing Director Avalon Minerals Ltd Tel: 07 3368 9888
Email: [email protected]