AI assistant
TREK METALS LIMITED — Capital/Financing Update 2012
Mar 19, 2012
65923_rns_2012-03-19_f7fd5b16-07d5-4131-80e3-243ad9e7b305.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
==> picture [216 x 121] intentionally omitted <==
ZAMBEZI RESOURCES LIMITED ARBN: 124 462 826 BERMUDA ZAMBIA AUSTRALIA CANON’S COURT PLOT 5697 LEVEL 1, 17 ORD STREET 22 VICTORIA STREET BEU CRESCENT WEST PERTH, WESTERN AUSTRALIA HAMILTON HM12 KALUNDU AUSTRALIA 6005 LUSAKA TEL: +61 8 6555 1879 TEL: +260 211 292101 FAX: +61 8 9398 4104 EMAIL: [email protected] PO BOX 1796, WEST PERTH WWW.ZAMBEZIRESOURCES.COM WESTERN AUSTRALIA, 6872
Tuesday, March 20, 2012
Manager Company Announcements Company Announcements Office Australian Securities Exchange Limited Level 4, 20 Bridge Street SYDNEY NSW 2000
Via Electronic Lodgement
Dear Sir/Madam
Offer of Shortfall Under Rights Issue Closes Oversubscribed
The Board is delighted to announce that it has received solid support from both shareholders and investors for the placement of shortfall shares arising from the non-renounceable Rights Issue which closed on the 29 December 2011 (“Rights Issue”).
The Company has received applications totalling $2,219,147 for shares under the shortfall placement at the same issue price as the Rights Issue, being $0.01 per share.
Zambezi Resources Limited has successfully raised total gross proceeds of $4.195M being:-
-
$1.976M under the Rights Issue;
-
$2.219M under the shortfall placement (subject to final clearance of funds), including solid support from existing shareholders.
The shortfall shares are expected to be allotted shortly and an Appendix 3B will be lodged in due course.
The funds raised by the Rights Issue and the placement of shortfall shares will be applied by Zambezi towards working capital, exploration, and development costs associated predominantly with its Kangaluwi Copper Project. Together with other available funds, the Company will utilise those funds towards the feasibility study for the development of the Kangaluwi Copper Project.
For further information please contact the undersigned.
Frank Vanspeybroeck CHIEF EXECUTIVE OFFICER
Telephone: +61 (8) 6555 1879