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ASX Announcement - Entitlement Offer Results and Shortfall
Heemskirk Consolidated Limited (ASX: HSK) advises that its fully underwritten 1 for 5 renounceable rights issue at $0.10 (Rights Issue) closed on 11 August 2015.
The following table sets out the number of new shares to be issued to eligible shareholders and sub- underwriters of Morgans Corporate Limited (Underwriter) with respect to the Rights Issue:
Rights Issue Details
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No. of New Shares
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Gross Proceeds
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Maximum number of shares that could be issued under
the Rights Issue
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38,599,679
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$3,859,967
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Less total acceptances by eligible shareholders
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19,593,451
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$1,959,345
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Shortfall to Underwriter
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19,006,228
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$1,900,622
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The issue of new shares is scheduled to occur on 18 August 2015 with those shares expected to commence trading on the ASX on 18 August 2015. The relevant Appendix 3B will follow the issue and allotment.
Yours faithfully
Peter Bird
Managing Director
HEEMSKIRK CONSOLIDATED LIMITED ABN 18 106 720 138
Level 17 303 Collins Street Melbourne Vic 3000
PO Box 96 Collins Street West Melbourne Vic 8007 t + 61 3 9614 0666 f + 61 3 9614 4466 www.heemskirk.com
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Heemskirk Consolidated Limited
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PRODUCER |
CODE : HSK.AX |
ISIN : AU000000HSK9 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Heemskirk Consolidated is a gold development stage company based in Australia. Its main asset in production is PAJINGO in Australia and its main exploration property is LOS SANTOS in Spain. Heemskirk Consolidated is listed in Australia and in Germany. Its market capitalisation is AU$ 41.1 millions as of today (US$ 30.7 millions, € 27.5 millions). Its stock quote reached its highest recent level on July 09, 2010 at AU$ 0.35, and its lowest recent point on March 18, 2016 at AU$ 0.02. Heemskirk Consolidated has 562 640 000 shares outstanding. |