AI assistant
ZENITH MINERALS LIMITED — Capital/Financing Update 2012
Nov 14, 2012
66123_rns_2012-11-14_a6e4e119-4658-4de5-8fe0-fc367f73ad24.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
DESPATCH OF RIGHTS ISSUE PROSPECTUS
Activities
Exploration/Development Mt Alexander Magnetite Iron Earaheedy Manganese
Details as at September 2012 Issued Shares 81.3 m Unlisted options 0.1 m Mkt. Cap. ($0.20) A$ 16.2 m Cash Sept 2012 A$ 1.065 m Debt Nil Directors Gary Comb Chairman Neil Martin Managing Director Stan Macdonald Non Exec Director Mike Joyce Non Exec Director
Zenith Minerals Limited (ASX: ZNC) is pleased to confirm that the prospectus and accompanying application form in respect of the non ‐ renounceable rights issue announced on 30 October 2012 ( Rights Issue ) was mailed to eligible shareholders today, 15 November 2012.
The Rights Issue is offered on the basis of one (1) new share for every six (6) shares held at the record date, at an application price of $0.15 per new share to approximately $2.04 million (before issue costs). The Company will apply for quotation of the new shares on ASX.
Shareholders are advised that the offer under the Rights Issue opens for subscriptions today and will close at 5.00 pm (WST) on Thursday, 29 November 2012.
Major Shareholders
| HSBC Custod. Nom. | 13.9 % |
|---|---|
| Giralia (Atlas Iron) | 10.8% |
| Tilbrook/Grey Willow | 4.6% |
| JP Morgan Nom. | 3.7% |
| Yandal Inv. PL | 3.4% |
Neil Martin Managing Director Zenith Minerals Limited
15[th] November 2012
For further information contact;
Neil Martin Managing Director 08) 9226 1110
Email: [email protected]