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UNION STAR METALS LTD — Capital/Financing Update 2017
Jan 5, 2017
65987_rns_2017-01-05_dd5ae665-4221-4cac-8be9-0cfad51d0cd4.pdf
Capital/Financing Update
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(ASX: THD)
ASX Announcement
6[th] January 2017
THRED EXTENDS CLOSING DATE OF RIGHTS ISSUE TO THE 24[th] OF JANUARY TO ACCOMMODATE NEW STRATEGIC INVESTMENT PARTNER
Sydney, Australia — unified social messaging software platform Thred Limited (ASX: THD) (“Thred” or the “Company”) is presently negotiating with an Australian based technology services providers to make a strategic investment in Thred as part of the Underwriters investment.
To allow negotiations to progress and conclude in a commercial manner, Thred, in conjunction with its Underwriter, Hunter Capital Advisors, have determined to extend the closing date of the Rights Issue. The amended timetable is appended below.
The Strategic Investor is a custom software and app developer wishing to invest in Thred’s vision and product potential. The investment will be mutually beneficial, allowing both parties to work in tandem on the co-development of the Thred platform as it works through the necessary stages of commercialisation. For Thred it provides additional technical expertise that will enhance product effectiveness and potentially fast-track commercial scale availability.
For more information, please contact:
Geoff Marshall
Managing Director [email protected]
About Thred:
Thred Limited (ASX: THD) is a software platform working toward commercialization of a unified social messaging platform and web and mobile app to enable cross platform communication. Based in Perth, the Company has developed systems that unify and centralise users’ contacts while providing a centralised communication hub. Thred aims to empower anyone, anywhere to easily connect with anyone else or any group across social networks, contact databases, email and more to create, manage and archive communications around relevant content.
Social Media Policy:
We believe in providing the highest levels of communications, and whilst the ASX remains the platform for market sensitive releases, we encourage all shareholders to follow Thred on Twitter (@theTHREDapp) , and view our latest Company overview at http://www.thred.im/
a: 8/55 Hampden Road, Nedlands WA 6009 m: PO Box 994, Subiaco WA 6904
t: +61 8 9389 5885 e: [email protected]
Indicative timetable 1 for 5 non-renounceable entitlement issue of shares
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| Event | Date |
|---|---|
| Last day to extend Closing Date* Note: At least 3 business days’ notice must be given to extend the Closing Date. |
19 January 2017 |
| Closing Date* | 5:00pm 24 January 2017 |
| Shares quoted on a deferred settlement basis* | 25 January 2017 |
| ASX notified of under subscriptions* | 25 January 2017 |
| Issue date and dispatch of holding statements* | 1 February 2017 |
*Note: The Company may extend the Closing Date by giving at least 3 Business Days’ notice to ASX prior to the Closing Date. The date of commencement of deferred settlement trading, issue and quotation of Shares issued under the Offer may therefore vary accordingly.
Geoff Marshall
a: 8/55 Hampden Road, Nedlands WA 6009 m: PO Box 994, Subiaco WA 6904
t: +61 8 9389 5885 e: [email protected]