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WEEBIT NANO LTD — Capital/Financing Update 2019
Sep 11, 2019
66042_rns_2019-09-11_c94bf924-db0b-4f45-b5a5-865f69bd19ed.pdf
Capital/Financing Update
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Extension of Closing Date of Entitlement Offer
12 September 2019 – Weebit Nano Ltd (the “Company") today announces that it is extending the closing date of acceptances for its pro-rata non-renounceable entitlement offer announced on 27 August 2019 (“ Entitlement Offer ”).
The closing date for the Entitlement Offer is now 5.00pm (AEST) on Friday 20 September 2019.
The extension of the closing date, originally falling on 17 September 2019, will allow eligible shareholders additional time to consider participation in the Entitlement Offer.
The revised timetable for the remaining dates is set out below:
Key Events and Dates*
| Event | Date |
|---|---|
| Last date to extend closingdate | Thursday,12 September 2019 |
| Entitlement Offer closes | 5.00pm on Friday, 20 September 2019 |
| Announcement of shortfall(if any)under the Entitlement Offer | Wednesday,25 September 2019 |
| Issue of New Shares under the Entitlement Offer | Friday,27 September 2019 |
| Normal tradingof New Shares issued under the Entitlement Offer | Monday,30 September 2019 |
*Weebit Nano reserves the right, in its discretion, to vary these dates by making an announcement to the ASX. All references to a time are to the time in Sydney, Australia.
For further information, contact:
Investors Media Eric Kuret Tristan Everett Market Eye Market Eye P: +61 3 9591 8904 P: +61 3 9591 8905 E: [email protected] E: [email protected]
About Weebit Nano Limited
Weebit Nano is a leader in the development of next generation computer memory technology, and plans to become the new industry standard in this space. Its goal is to address the growing need for a significantly higher performance and lower power computer memory technology. Weebit Nano’s ReRAM technology is based on fab-friendly Silicon Oxide, allowing the company to rapidly execute, without the need for special equipment or preparations. The company secured several patents to ensure optimal commercial and legal protection for its ground-breaking technology.
Weebit Nano’s technology enables a quantum leap, allowing semiconductor memory elements to be significantly cheaper, faster, more reliable and more energy efficient than the existing Flash technology. Weebit Nano has signed an R&D agreement with Leti, an R&D institute that specialises in nanotechnologies, to further develop SiOx ReRAM technology.
- For more information please visit: http://www.weebit nano.com/
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Contact
Office: +972-9-7797832 [email protected] www.weebit-nano.com