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TALIUS GROUP LIMITED — Capital/Financing Update 2010
Aug 31, 2010
65893_rns_2010-08-31_3a931378-0272-4c8f-be26-658ff55f4ef3.pdf
Capital/Financing Update
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ASX ANNOUNCEMENT
1[st] September 2010
Non-Renounceable Option Issue
The Board of Advance Energy Limited has resolved to proceed with a non-renounceable rights issue of options on a 14 for 15 basis, at an issue price of 0.1 cents ($0.001) per option (“Rights Issue”). Options will be exercisable at three cents per share on or before 31 August 2012. This Rights Issue will apply to shareholders registered as at the record date, which will be announced as soon as is practical. The issue will be underwritten and is expected to raise in excess of $201,000 before costs.
The table below shows the maximum number of options that will be issued on completion of the Rights Issue.
| Current Shares | 215,676,893 |
|---|---|
| Current Options | 14,100,000 |
| Maximum Options to be Issued on 14 for 15 basis | 201,298,433 |
| Maximum Options Issued on Completion of Rights issue | 215,398,433 |
Funds raised will be used for working capital.
A timetable and further documentation will be announced in due course.
FOR FURTHER INFORMATION CONTACT
Mr Anthony Short (Managing Director) or Mr David Ballantyne (Company Secretary) Telephone: 08 9486 1122 Facsimile: 08 9486 1011
ADVANCE ENERGY LIMITED Market Update 24 August 2010 ASX CODE: AVD www.advanceenergyltd.com.au