| Notification of Shortfall from Rights Issue | |
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159 Stirling Highway P: (08) 9386 4699
Nedlands WA 6009 F: (08) 9386 9473
PO Box 1104 E: [email protected]
Nedlands WA 6909 www.rewardminerals.com
NOTIFICATION OF SHORTFALL FROM RIGHTS ISSUE
AS X AN N OU NCE M ENT
4 SEPTEM BER 2013
Reward Minerals Ltd ("Company") confirms that the Company's 1 for 3 non- renounceable entitlements issue ("Rights Issue") closed at 5:00pm WST on
29 August 2013.
The Company gives notice of shortfall of subscriptions for its Rights Issue as follows:
a) The Company received acceptances for a total of 13,694,000 shares and 6,847,000 attaching options raising $2,738,800;
b) The number of shares offered under the Rights Issue was 24,602,998 shares and 12,301,499 options resulting in a shortfall of 10,908,998 shares and 5,454,499 options ("Shortfall Shares and Options").
The Company will seek to place the Shortfall Shares and attaching Options through the Lead Manager, Black Swan Equities Limited on a best endeavour basis.
The issue of the shares and options noted above under the Rights Issue will occur on Friday, 6 September 2013.
It is anticipated that normal trading of the new shares and options will commence on Monday, 9 September 2013.
Michael Ruane
Director
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Reward Minerals
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CODE : RWD.AX |
ISIN : AU000000RWD5 |
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Reward Min. is a gold exploration company based in Australia. Reward Min. is listed in Australia and in Germany. Its market capitalisation is AU$ 3.5 millions as of today (US$ 2.2 millions, € 2.1 millions). Its stock quote reached its highest recent level on April 01, 2011 at AU$ 1.38, and its lowest recent point on April 19, 2024 at AU$ 0.03. Reward Min. has 135 760 000 shares outstanding. |