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TALGA GROUP LTD — Capital/Financing Update 2014
Jun 24, 2014
65925_rns_2014-06-24_8d31a97d-f994-4413-848f-127a98745164.pdf
Capital/Financing Update
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ASX: TLG
24 JUNE, 2014
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Talga Resources Ltd ABN 32 138 405 419
1st Floor, 2 Richardson St, West Perth, WA 6005
T: +61 8 9481 6667 F: +61 8 9322 1935 www.talgaresources.com
Corporate Information
ASX Code TLG Shares on issue 109.1m Options (unlisted) 6.25m
UPDATE OF SHORTFALL OF NON RENOUNCEABLE ENTITLEMENT OFFER
Talga Resources Limited (ASX:TLG) (“Talga” or “the Company”) has been advised by its share registry of an administrative error relating to the shortfall announced earlier today in relation to the non-renounceable entitlement offer on the basis of one (1) new share for every ten (10) held at an issue price of 20 cents per share together with one (1) free attaching option for every two (2) new shares applied for and issued to raise $2.1 million (“Entitlement Offer”).
In accordance with the ASX Listing Rules, Talga advises that it received valid applications and will allot 8,564,066 New Shares and 4,282,033 Options under the Entitlement Offer, representing 82% of the New Shares offered to shareholders. The shortfall of 1,941,942 New Shares and 970,971 Options will be allotted to the Underwriter.
The allotment of New Shares and Options under the Entitlement Offer is scheduled to take place on 26 June 2014
Company Directors Keith Coughlan Non-Executive Chairman
Mark Thompson Managing Director
For further information, contact:
Grant Mooney Non-Executive Director
Lisa Wynne
Company Secretary
Talga Resources Ltd
Tel +61 (08) 9481 6667 Email [email protected]
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ASX Code: TLG
TALGA RESOURCES LTD ASX AND MEDIA RELEASE
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