ENP Newswire - 03 February 2014 Release date- 31012014 - Potash West NL is pleased to announce the dispatch today, 31 January 2014 , of the Prospectus for a non-renounceable, pro rata offer of fully paid shares to eligible shareholders at an issue price of $0.05 each on the basis of 1 new share for every 5 shares held at 28 January 2014 to raise approximately $0.9 million and a non-renounceable, pro rata bonus offer of partly paid shares at a total issue price of $0.05 each on the basis of 1 new partly paid share for every 2 shares held at 24 March 2014 . Each new partly paid share is offered for nil cash consideration and will be deemed to be paid up to $0.001 (Bonus Offer) as outlined to ASX on 15 January 2014 . IMPORTANT The partly paid shares will be offered to eligible shareholders for no cash consideration. However, in order for shareholders to receive their entitlement (if any), they must return an acceptance form in accordance with the Company's Prospectus dated 15 January 2014 . Shareholders who apply for shares under the Entitlement Offer are deemed to accept their entitlements (if any) under the Bonus Offer and are therefore not required to lodge a separate (additional) acceptance form for new partly paid shares. Shareholders who fail to return an acceptance form for partly paid shares by 25 March 2014 (or who do not apply for shares under the Entitlement Offer) will not receive their entitlement (if any) to free partly paid shares. Acceptances for the Entitlement Offer will close at 5:00pm WST on 14 February 2014 . Acceptances for the Bonus Offer will close at 5:00pm WST on 25 March 2014 . Applicants should consult their brokers or professional advisors in regards to undertaking an investment in the Company. Contact: Patrick McManus Managing Director Potash West NL Tel: +61 (08) 9479 5386 Web: www.potashwest.com.au Barclay Wells Terry Gardiner Managing Director Tel: +61 (08) 6380 3333 This document has been prepared by Potash West NL for the purpose of providing an activity update to interested analysts/investors and shareholders. Any statements, opinions, projections, forecasts or other material contained in this document do not constitute any commitments, representations or warranties by Potash West NL or its directors, agents and employees. Except as required by law, and only to the extent so required, directors, agents and employees of Potash West NL shall in no way be liable to any person or body for any loss, claim, demand, damages, costs or expenses of whatsoever nature arising in any way out of, or in connection with, the information contained in this document. This document includes certain statements, opinions, projections, forecasts and other material, which reflect various assumptions. The assumptions may or may not prove to be correct. Potash West NL recommends that potential investors consult their professional advisor/s as an investment in the company is considered to be speculative in nature.
Most Popular Stories
- Chobani Counters Competition With Expanded Lineup
- Reid: Bundy Backers Are 'Domestic Terrorists'
- Ex-BP Employee Settles Insider Trading Charges
- Venture Investments in U.S. Highest Since 2001
- Colo. Cleantech Program Calls for Entrepreneurs
- Unemployment Rates Down, Job Gains Up in March
- Hiring Fair for Veterans, Job Seekers
- VW Beetle Marks 65th Year in U.S.
- 8 Million Signups Put Obamacare Ahead of Predictions
- The Biebs Crashes Drake's Release Party