Click to type date
19 August 2015
Market Announcements Platform
ASX Limited
Exchange Centre,
20 Bridge Street
Sydney NSW 2000
SHARE PURCHASE PLAN RAISES $1 MILLION
ASX Code: SEG
Segue Resources Limited (Segue or the Company) is pleased to advise the Share Purchase Plan (SPP) announced on 22 June 2015 closed on Friday, 14 August 2015 with applications for 309,242,685 shares totalling $928,428.
Commenting on the successful SPP, Segue's Managing Director, Mr Steven Michael, said:
The Board of Segue is delighted with the support shown by the Company's shareholders in a difficult market, especially for junior exploration companies. Over 230 shareholders have participated in the Share Purchase Plan with approximately $1 million raised.
The funds raised through the SPP will enable Segue to continue drill testing high priority exploration targets at the Plumridge Nickel Project.
The Board of Segue reserves the right to place the shortfall from the SPP within the next three months. The Company has received expressions of interest from several stockbrokers to assist in placing the shortfall.
The timetable to complete the Share Purchase Plan is:
|
|
Share purchase plan allocation announcement
|
19 August 2015
|
|
|
Share issue date
|
20 August 2015
|
|
|
Dispatch of holding statements
|
21 August 2015
|
In September 2014, Segue entered into a Controlled Placement Agreement (CPA) with Acuity Capital Pty Ltd (Acuity) (see announcement on 19 September 2014). The CPA provides Segue with up to $1 million of equity capital over a 12 month period. Segue retains full control of the placement process, including sole discretion as to whether or not to utilise the CPA. Segue has executed a 12 month extension to the CPA on the same terms as the initial CPA.
For further information visit www.segueresources.com or contact:
Segue Resources Limited Mr Steven Michael Managing Director
E: [email protected]
Page 1