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TESORO GOLD LTD — Capital/Financing Update 2012
Jun 12, 2012
65957_rns_2012-06-12_3637b67b-1626-4843-aa1e-360e0c88bff4.pdf
Capital/Financing Update
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CONTINUATION INVESTMENTS LIMITED
13 June 2012
Manager of Company Announcements ASX Limited Level 8 Exchange Plaza 2 The Esplanade PERTH WA 6000
By E-Lodgement
CONTINUATION TO RAISE ADDITIONAL CAPITAL
Continuation Investments Limited (ASX: COT) is pleased to announce that it intends to offer shareholders the opportunity to participate in a 2.4 for 1 pro-rata renounceable entitlement issue at an offer price of 5 cents per share to raise approximately $701,000 before issue costs ( Entitlement Issue ).
An indicative Entitlement Issue timetable is outlined below including the proposed Record Date of 22 June 2012 for determining entitlements. An Offer Document will be lodged with the ASX today which will set out the details of and rationale for the Entitlement Issue.
Mr Jeremy King and Mr Andrew Worland, Directors of the Company, have agreed to underwrite up to a maximum of $30,000 each of the Entitlement Issue.
| Indicative Timetable | |
|---|---|
| Event | Date |
| Offer Document lodged with ASX | 13June 2012 |
| ‘Ex’ Date* and Rights TradingCommences | 18June 2012 |
| Record Date for determiningentitlements* | 22June 2012 |
| Dispatch of Offer Document to Shareholders | 26June 2012 |
| Rights Tradingends | 3July2012 |
| ClosingDate** | 10July2012 |
| Dispatch of HoldingStatements | 18July2012 |
These dates are indicative only and may, subject to the requirements of the Listing Rules and the Corporations Act, be changed without notice.
- Shareholders should consult their brokers or professional advisors in regards to the definition of Record Date and ‘Ex’ Date to ensure that their entitlement to participate in the Offer is assured.
______________ Continuation Investments Limited 945 Wellington Street WEST PERTH WA 6005 ABN 91 106 854 175 phone: (08) 9322 7600 fax: (08) 9322 7602 email: [email protected]
CONTINUATION INVESTMENTS LIMITED
** The Directors reserve the right to vary the Closing Date, which may have a consequential effect on other dates. The Directors may extend the Closing Date by giving at least 6 Business Days notice to ASX prior to the Closing Date. As such, the date the New Shares are expected to commence trading on ASX may vary.
Yours Sincerely Sarah Smith Company Secretary
______________ Continuation Investments Limited 945 Wellington Street WEST PERTH WA 6005 ABN 91 106 854 175 phone: (08) 9322 7600 fax: (08) 9322 7602 email: [email protected]