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TREK METALS LIMITED — Capital/Financing Update 2013
May 29, 2013
65923_rns_2013-05-29_657106e0-c68d-4883-a620-16726b1c6f97.pdf
Capital/Financing Update
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ZAMBEZI RESOURCES LIMITED
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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: +260 211 292 101 FAX: +61 8 9398 4104 EMAIL: [email protected] PO BOX 1796, WEST PERTH WWW.ZAMBEZIRESOURCES.COM WESTERN AUSTRALIA, 6872
30 May 2013
ASX Compliance Pty Ltd Level 8 Exchange Plaza 2 The Esplanade PERTH WA 6000
Via Email
Attention: Ms Elizabeth Harris
Dear Elizabeth,
RIGHTS ISSUE
Zambezi Resources Limited (“Zambezi” or “the Company”) advises that the renounceable pro-rata entitlement issue pursuant to the Prospectus dated 22 April 2013 (“Offer”) closed at 5:00 pm WST on 22 May 2013.
As at close date, the Company had not met the minimum share subscription amount from eligible shareholders. As a result, the overall minimum subscription amount of $10,000,000 under the Offer was not achieved.
The Prospectus Offer has therefore been withdrawn and no shares will be allotted or issued under the Offer. All subscription monies received will be refunded in accordance with the terms of the Prospectus and the Corporations Act.
The term of the $1.5 million Bridging Facility announced by the Company on 20 August 2012 has been extended to 30 April 2014.
The Company remains confident of obtaining the necessary environmental approval from the Zambian Government to enable it to advance its 100% owned Kangaluwi Copper Project in Zambia.
Yours sincerely
Frank Vanspeybroeck CEO Zambezi Resources Limited
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30.05.13 Rights Issue.docx