| 7/08/2015 :Copper Strike Renounce Entitlements in Syrah Equity Raising | |
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FACSIMILE TRANSMITTAL
ASX Announcement
7 August 2015
Copper Strike Renounce Entitlements in Syrah Equity
Raising
Copper Strike Limited (ASX: CSE, "Copper Strike" or "the Company") is pleased to advise that it has renounced its entitlements in the Syrah Resources Institutional Entitlement Offer. The renounced entitlements were sold via the institutional bookbuild, with the proceeds from the sale in excess of the Offer Price returned to renouncing shareholders (less any applicable withholding tax).
Syrah announced on 6 August 2015, that a clearing price of A$3.50 per share was achieved under the institutional shortfall bookbuild, representing a A$0.25 premium to the offer price of A$3.25 per share.
Based on this, Copper Strike expects to receive proceeds of approximately $579,000 on or about 13th August 2015 in relation to the renounced entitlements.
Yours faithfully
Tom Eadie
Chairman
COPPER STRIKE LIMITED
Registered Office
Copper Strike Limited ABN 16 108 398 983
Level 9 - 356 Collins Street Melbourne Victoria 3000 Australia
Ph 03 96400955 Fax 03 96420698 email [email protected]
www.copperstrike.com.au
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Copper Strike Limited
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DEVELOPMENT STAGE |
CODE : CSE.AX |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Copper Strike is a copper exploration company based in Australia. Copper Strike develops copper, lead and zinc in Australia, and holds various exploration projects in Australia. Its main asset in development is EINASLEIGH AREA in Australia and its main exploration properties are WALFORD CREEK, LAKE MARGARET / LINDA and KAMARGA in Australia. Copper Strike is listed in Australia. Its market capitalisation is AU$ 16.6 millions as of today (US$ 10.8 millions, € 10.1 millions). Its stock quote reached its lowest recent point on July 23, 2010 at AU$ 0.01, and its highest recent level on June 10, 2016 at AU$ 0.52. Copper Strike has 106 840 000 shares outstanding. |