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TUNGSTEN MINING NL — Capital/Financing Update 2017
Nov 7, 2017
65918_rns_2017-11-07_b8d3ea66-128e-4c47-800e-bda95a78f638.pdf
Capital/Financing Update
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ASX Announcement
Non-renounceable Entitlement Issue – Change in Option Exercise Price
Tungsten Mining NL (ASX: TGN) (“TGN” or “the Company”) advises the following change to the exercise price of unlisted options.
Unlisted Options - Change in Exercise Price
Further to the Company’s Non-renounceable Entitlement Issue and pursuant to Listing Rule 6.22 and the relevant terms for the Company’s unlisted options on issue (the Options), an adjustment will be made to the exercise price of the Options.
The Company advises that the change to the exercise price will take effect on the completion of the issue of shares to eligible applicants effective on 10 November 2017 in accordance with the timetable.
| Options | Exercise Date | Old Price | New Price |
|---|---|---|---|
| 48,564,875 | 31/12/2019 | $0.04 | $0.03 |
| 3,200,000 | 31/12/2020 | $0.04 | $0.03 |
| 3,200,000 | 31/12/2020 | $0.05 | $0.04 |
| 9,600,000 | 31/12/2020 | $0.06 | $0.05 |
| 1,850,000 | 06/02/2021 | $0.04 | $0.03 |
| 1,850,000 | 06/02/2021 | $0.05 | $0.04 |
| 5,550,000 | 06/02/2021 | $0.06 | $0.05 |
-ENDS-
8 November 2017
For further information:
Craig Ferrier Chief Executive Officer Ph: +61 8 9486 8492 E: [email protected]
Mark Pitts Company Secretary Ph: +61 8 9316 9100
E: mark.pitts@tungstenmining .com.
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97 Outram Street PO Box 517 T +61 8 9486 8492 E [email protected] West Perth WA 6005 West Perth WA 6872 F +61 8 9322 2370 W www.tungstenmining.com
Tungsten Mining NL ABN 67 152 084 403