| 21 Oct 14 – Successful closure of Share Purchase Plan and Additional Placement new! | |
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21 October 2014
Mi n o t a u r Exp l o r at i o n L td
ACN 108 483 601
Enquiries regarding this Report can be directed to:
An d r e w W o s k e t t
Managing Director
or: Dr T o n y B e l p e r i o
Director,
Business Development
Ad d r e s s
Level 1
8 Beulah Road
Norwood, SA 5067
Australia
T +61 8 8132 3400
F +61 8 8132 3499
Successful closure of Share Purchase Plan and
Additional Placement
Minotaur Exploration Limited (Company ) (ASX: MEP) is pleased to advise that its Share Purchase Plan (SPP ) has closed successfully, raising gross proceeds of $3 million from existing shareholders.
The Board appreciates the solid support shown for the Company despite volatile conditions prevailing in equity markets during the period of the SPP.
The Directors of the Company are also pleased to announce that it has an arrangement with a third party to conduct a private placement to professional and sophisticated investors to raise up to an additional $1 million in gross proceeds.
The placement will be conducted at the same price as the SPP, being a
12.5% discount the Company's five day volume weighted average market price prior to 28 October 2014. Shareholder approval of the placement is not required as it will be made in accordance with the Company's 15% capacity under ASX Listing Rule 7.1.
The number of shares issued and allotted on 28 October 2014 pursuant to the SPP will be announced to the ASX in the form of an Appendix 3B as required by the ASX Listing Rules.
Andrew Woskett
Managing Director
E [email protected] | W www.minotaurexploration.com.au
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Minotaur Exploration Limited
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DEVELOPMENT STAGE |
CODE : MEP.AX |
ISIN : AU000000MEP8 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Minotaur Expl. is a exploration company based in Autralia. Minotaur Expl. develops kaolin in Australia, and holds various exploration projects in Australia and in Chile. Its main asset in development is POOCHERA - CAREY'S WELL in Australia and its main exploration properties are GAWLER CRATON, CURNAMONA CRATON, TUNKILLIA - LAKE EVERARD, DOUGLAS CREEK and ACROPOLIS/ROXBY in Australia, NAVALMEDIO in Spain and COPIAPO in Chile. Minotaur Expl. is listed in Australia and in United States of America. Its market capitalisation is AU$ 43.5 millions as of today (US$ 31.4 millions, € 27.5 millions). Its stock quote reached its highest recent level on September 03, 2010 at AU$ 0.38, and its lowest recent point on March 20, 2020 at AU$ 0.02. Minotaur Expl. has 212 390 000 shares outstanding. |