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TERRACOM LIMITED — Capital/Financing Update 2014
Nov 17, 2014
65910_rns_2014-11-17_f7a4e681-5f0f-4cb8-8ea3-b63e3a299069.pdf
Capital/Financing Update
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Level 7, 490 Upper Edward Street Spring Hill QLD 4000 Telephone: 07 3005 1533 www.guildfordcoal.com.au
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18 November 2014
ASX Announcement
Exercise of Unlisted Options
Guildford Coal Limited ( Guildford or the Company ) (ASX: GUF) is pleased to announce that is has received exercise notices in respect of a total of 72,407,087 unlisted options issued on 7 August 2014. Each of the options had an exercise price of $0.06.
Maiora Asset Management Pte Ltd gave notice of the exercise of 71,500,000 options, slightly less than the 73,500,000 options that it had indicated it intended to exercise at the time of the Company’s announcement on 31 October 2014.
Guildford expects to issue fully paid ordinary shares in respect of the exercised options on or before 28 November 2014 in accordance with the ASX Listing Rules. This will increase the Company's available cash by just over $4.3 million.
No shareholder approval is required in connection with the issue of the shares.
The funds received from the issue will assist the Company with the ramp-up of production currently underway at the BNU Mine.
For further information please contact Peter Kane, Group Managing Director on +61 7 3005 1533.
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Peter Kane
Group Managing Director
Guildford Coal Limited ABN 35 143 533 537 Level 7, 490 Upper Edward Street, Spring Hill, QLD, 4000 Tel: +61 (7) 3005 1533 Fax: +61 (7) 3834 3385 [email protected]
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