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ZEOTECH LIMITED — Capital/Financing Update 2014
Sep 25, 2014
66115_rns_2014-09-25_945bc719-14e8-4518-85c8-0283c908dd43.pdf
Capital/Financing Update
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26 September 2014
Non-Renounceable Entitlements Offer Closed
On 28 August 2014, Laconia Resources Limited (ASX: LCR) (“Laconia” or “the Company”) announced a non-renounceable rights offer at an issue price of $0.005 on the basis of five (5) New Shares for every seven (7) shares held on 11 September 2014, together with one (1) free attaching option exercisable at $0.06 each on or before 30 September 2018 for every one (1) New Share subscribed for and issued. ( Entitlement Offer ).
The Entitlement Offer, which was available to all Laconia’s shareholders registered at 5pm WST on Wednesday 11 September 2014 whose registered address was in Australia or New Zealand, closed at 5pm WST on Tuesday 23 September 2014.
Laconia received valid applications for 46,910,568 New Shares and New Options, comprising applications for 45,762,184 New Shares and New Options pursuant to shareholder entitlements and 1,148,384 additional New Shares and New Options pursuant to shareholder shortfall applications. Gross proceeds raised totals $234,553.
The placement of the balance of the shortfall representing of 293,089,432 New Shares and New Options is being managed by lead manager to the Entitlement Offer, CPS Capital Group Pty Ltd.
The Directors of Laconia express their appreciation for the continued support provided by shareholders in the Entitlement Offer.
*ENDS***
Email: [email protected]
For further information please contact:
Ian Stuart Managing Director Laconia Resources
P: +61 8 9486 1599
E: [email protected] www.laconia.com.au
About Laconia Resources Limited
ASX Listed Laconia Resources Limited (ASX: LCR) is a Perth-based precious and base metals exploration and development Company with a Latin American focus. The Company’s flagship Kimsa Orcco Project in Peru is an advanced copper-gold-silver project in the Ayacucho region of Southern Peru, across four 100% Laconia Resources Ltd permits covering 27.65 km[2] and a further 11 contiguous permits through an 80% earn in option agreement, covering 56.22 km[2] . The total area of 83.87 km[2] hosts the entire Ccarhuaraso volcanic system that is proven to host high sulphidation epithermal copper gold and silver.
In Western Australia, the Company has mineral projects across two granted tenements covering an approximate 98.7 km[2] in the Pilbara and Northern Gascoyne regions.
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