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WEEBIT NANO LTD — Capital/Financing Update 2014
Dec 7, 2014
66042_rns_2014-12-07_4eb61eee-3b01-4596-9517-58607528e1cf.pdf
Capital/Financing Update
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Extension of Rights Issue
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ACN 146 455 576
ASX Release
8 December 2014
Suite 7, 55 Hampden Rd Nedlands WA 6009 PO BOX 994 Subiaco WA 6904
P + 61 8 9389 9919 F + 61 8 6389 0576 E [email protected] W www.radariron.com.au
Contact:
Jonathan Lea Managing Director E [email protected]
Damon Sweeny Company Secretary E [email protected]
Directors:
Alan Tough – Chairman Jonathan Lea – Managing Director Ananda Kathiravelu - Non-Executive David Sourbutts – Non-Executive
Radar Iron Ltd (ASX: RAD “Company”) announces that it has extended the closing date of its non-renounceable rights issue to 17 December 2014.
As a result the timetable for the rights issue will now be as follows:
| As a result the timetable for the rights follows: |
issue will now be as |
|---|---|
| Closing date for acceptances1 | 17 December 2014 |
| Deferred settlement trading | 18 December 2014 |
| Notify ASX of Shortfall | 22 December 2014 |
| Issue of New Shares | 24 December 2014 |
| Dispatch of shareholding statements | 29 December 2014 |
| Normal trading of New Shares expected to commence |
29 December 2014 |
1 Indicative only and subject to change in accordance with the Listing Rules and Corporations Act.
The rights issue is fully underwritten by Victory Mining Pty Limited, conditional upon (amongst other things) the Platts daily Iron Ore 62% Fe, North China price assessment being at all times 90% or more than on the business day prior to the date of the Term Sheet (18 September 2014).
As previously announced and as a result of the Platts daily Iron Ore 62% Fe, North China price being less than 90% of the price on the business day prior to the Term Sheet, Victory Mining has reserved its right to immediately terminate its underwriting obligation. Without prejudice to these rights, Victory Mining has agreed to the extension.
For and on behalf of Radar Iron Ltd
Issued Capital:
132,248,630 Ordinary Shares 5,000,000 Unlisted Options
Jonathan Lea Managing Director
ASX Code:
RAD (Fully Paid Ordinary Shares)
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