ENP Newswire -
Release date- 26022014 - On
The Entitlement Issue will raise up to approximately
The Entitlement Issue is not underwritten.
The Entitlement Issue will be made to all registered shareholders on the Record Date who are recorded on the Company's register as residing in
It is anticipated that the Prospectus will be sent to all shareholders in
The current proposed timetable for the Entitlement Issue is set out below. The dates are indicative only and the Company reserves the right to vary the dates subject to the Corporations Act 2001 (Cth) (Corporations Act), the Listing Rules of the ASX (Listing Rules) and other applicable law.
Prospectus lodged with ASIC and ASX
Securities quoted on an 'Ex' basis
Record Date to determine Entitlements pursuant to the Entitlement
Prospectus with Entitlement and Acceptance form dispatched to
Closing date for acceptance and receipt of applications under the
Notify ASX of under subscriptions
Allotment of New Options
Despatch of holding statements
Information required to be given to you in accordance with Listing Rules:
Pursuant to the Listing Rules, the Company is required to provide to you certain information before proceeding with the Entitlement Issue.
Up to a maximum of 25,191,061 New Options will be issued pursuant to the
Entitlement Issue (assuming no existing options are exercised prior to the Record Date).
The New Options are exercisable at
The issue price of the New Options will be
The Company will apply for quotation of the New Options issued pursuant to the Entitlement Issue on the official list of the ASX.
The Shares issued pursuant to the exercise of the New Options will be fully paid ordinary shares in the capital of the Company.
The funds raised by the Entitlement Issue will be used towards the expenses of the Entitlement Issue, drilling and associated exploration costs for the
It is expected that the New Options will be entered into uncertificated holdings on
The total number and class of all securities quoted on the ASX (including the maximum number of New Options to be issued under the Entitlement Issue on an undiluted basis - i.e. assuming none of the Company's existing options are exercised prior to the Record Date)
The Company currently has no dividend policy.
No shareholder approval for the Entitlement Issue is required.
The Entitlement Issue is non-renounceable. This means that shareholders who do not wish to subscribe for all or some of the New Options offered under the Entitlement Issue may not sell or trade any of their respective entitlement.
The New Options to be offered under the Entitlement Issue will be offered on the basis of one (1) New Option for every (2) Shares held by eligible shareholders at
The offer under the Entitlement Issue relates to New Options to acquire Shares in the capital of the Company.
The record date to determine entitlements is
The Ex date is
The Company only has one register.
Fractional entitlements will be rounded down to the nearest whole number.
The Company will not be sending an offer under the Entitlement Issue to any security holders who are not recorded on the Company register as resident in
The closing date for receipt of acceptances is
The Entitlement Issue is not underwritten.
There is no broker to the Entitlement Issue.
The Prospectus for the Entitlement Issue and the accompanying Entitlement and Acceptance Form will be sent to shareholders on
Existing optionholders may participate in the Entitlement Issue upon exercise of their options. The Company sent a notice to optionholders on
There is no entitlement trading available to the shareholders in relation to Entitlement Issue.
The latest date for entry of the securities into your security holdings is
If you wish to take up all or part of your entitlement, complete the accompanying Entitlement and Acceptance Form in accordance with the instructions set out in the form. Forward your completed Entitlement and Acceptance Form, together with payment for the amount shown on the form or for such lesser amount as you wish to apply for, so as to reach the Company's share registry no later than
The above information was provided to the ASX on
This letter is not a prospectus and does not constitute an offer of securities. An offer of New Options under the Entitlement Issue will only be made in, or accompanied by, a copy of the Prospectus sent to all eligible shareholders. Before deciding whether to apply for New Options under the Entitlement Issue, you should consider the terms of the Prospectus carefully. If in doubt, consult with your professional adviser.
Tel: +61 8 9321 7541
Most Popular Stories
- Koch Brothers Step up Anti-Obamacare Campaign
- FDIC Sues Big Banks Over Rate Manipulation
- Vybz Kartel Convicted of Murder
- Is Malaysian Airlines Flight 370 in Andaman Sea?
- SoCalGas Reaches Record Spend on Diversity Suppliers
- FDIC Accuses Big Banks of Fraud, Conspiracy
- Stocks Close Lower Ahead of Crimea Vote
- U.S. Consumer Sentiment Falls in Early March
- Ulta Shares Look Good on Strong Q4
- Jittery Investors Dumping Russian Stocks