ASX/Media Release
31 July 2015
Capital Mining Limited
ASX: CMY, CMYO
Level 11, 216 St Georges Tce
Perth WA 6000
Telephone +61 8 9481 0389
Fax +61 8 9463 6103 www.capitalmining.com.au
Directors
Executive Director/CEO
Mr Robert McCauley
Non-Executive Directors
Dr James Ellingford
Mr Peter Torney
Mr Peter Dykes
Mr Anthony Dunlop Company SecretaryMrs Elizabeth Hunt
ENTITLEMENT OFFER
Capital Mining Limited (ASX: CMY) (Capital) are pleased to announce a non-renounceable entitlement offer to shareholders.
Capital has selected this method of capital raising to enable existing shareholders an opportunity to participate.
Overview of offer
The Entitlement Offer will be made at an issue price of $0.001 (0.1 cents) each on the basis of 1 new share for every 1 share held (Entitlement Offer) at 10 August 2015 (Record Date).
Based on the current capital structure of the Company (and assuming no existing options are exercised prior to the Record Date), the number of shares to be issued pursuant to the Entitlement Offer is
1,484,155,618. The Entitlement Offer will raise approximately $1.48 million before costs.
No rights trading
Entitlements to securities pursuant to the Offers are non-renounceable and, accordingly, rights cannot be traded on the ASX.
Indicative Timetable
Set out below is an indicative timetable.
The timetable is subject to change. Capital reserves the right to vary the timetable for the Entitlement Offer without notice, subject to the Corporations Act, ASX Listing Rules and other applicable laws. The commencement of quotation of new securities is subject to confirmation from the ASX.
The Company intends to lodge a Prospectus for the Offer with the ASIC on 4 August 2015. The Prospectus will be mailed to eligible shareholders on 12 August 2015. Each shareholder's entitlement under the Entitlement Offer will be set out in the Entitlement Offer Application Form that will accompany the Prospectus.
Shareholders should consult their brokers or professional advisors in regards to the definition of 'Ex'
date and record date to ensure that their entitlements to participate in the Offers are assured.
ASX/Media Release
31 July 2015
Event
|
Date
|
Announce pro rata issue
|
31 July 2015
|
Lodge prospectus with ASIC, ASX and Appendix 3B with ASX
|
4 August 2015
|
Notice sent to Option Holders
|
4 August 2015
|
Notice sent to Share Holders
|
5 August 2015
|
"Ex" date
|
6 August 2015
|
Record date to determine Entitlement
|
10 August 2015
|
Prospectus with Application Form dispatched
|
12 August 2015
|
Last day to extend the Offer closing date
|
18 August 2015
|
Closing date for acceptances
|
21 August 2015
|
Shares quoted on a deferred settlement basis
|
24 August 2015
|
Notify ASX of under subscriptions
|
26 August 2015
|
Issue of New Shares
|
28 August 2015
|
Dispatch of shareholding statements
|
31 August 2015
|
Trading of New Shares expected to commence
|
31 August 2015
|
-ENDS-
Further information please contact:
Elizabeth Hunt
Company Secretary