| 17/03/2015 - Letter to ineligible shareholders | |
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COMPANY ANNOUNCEMENT
17 March 2015
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Dear Overseas Shareholder,
PARTICIPATION IN NON-RENOUNCEABLE RIGHTS ISSUE
Mining Projects Group Limited ("MPJ" or "the Company") is undertaking an underwritten pro-rata non- renounceable rights issue offer pursuant to an offer notice and an offer document under section
708AA of the Corporations Act 2001 (Cth).
The offer to eligible shareholders is 1 new share for every 5 shares held at the Record Date at an issue price of 0.6 cents ($0.006) per share and one free attaching MPJO listed option for every new share subscribed to raise up to approximately $1.6 million before costs of the issue ("the Offer"). Each listed MPJO option has an exercise price of 1 cent ($0.01) and an expiry date of 30 June 2016.
The Offer is underwritten by Alignment Capital Pty Ltd [ACN 167 124 754] ("the Underwriter").
The Offer is being made to existing MPJ shareholders registered in Australia and New Zealand. The Company has determined, pursuant to Listing Rule 7.7 of the Listing Rules of ASX (the Australian Securities Exchange) ("the Listing Rules"), that it would be unreasonable to make offers under the Prospectus to shareholders with addresses outside of Australia and New Zealand ("Ineligible Holders").
Accordingly, in compliance with Listing Rule 7.7, the Company wishes to advise you that it will not be extending the Offer to Ineligible Holders. The shares and options that would otherwise have been offered to you will be available to be taken up either by eligible shareholders who apply for the shortfall or will be taken up by the Underwriter or sub-underwriters.
Should you have any questions in relation to the above matters, please contact me on telephone
+61 (3) 9614 0600.
Yours faithfully
MINING PROJECTS GROUP LIMITED
Adrien Wing
Company Secretary
MINING PROJECTS GROUP LIMITED
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Level 2 43 Ventnor Avenue
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P +61(0)8 6144 4492
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ABN 84 006 189 331
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West Perth WA 6005 Australia
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F +61(0)3 9614 0550
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www.miningprojectsgroup.com.au
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Mining Projects Group Limited
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CODE : MPJ.AX |
ISIN : AU000000MPJ7 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Mining Projects Group is a exploration company based in Australia. Mining Projects Group holds various exploration projects in Australia. Its main exploration property is TALGA PEAK in Australia. Mining Projects Group is listed in Australia. Its market capitalisation is AU$ 182.8 millions as of today (US$ 139.5 millions, € 123.4 millions). Its stock quote reached its lowest recent point on March 18, 2016 at AU$ 0.00, and its highest recent level on May 05, 2016 at AU$ 0.12. Mining Projects Group has 2 229 530 112 shares outstanding. |