Fermer X Les cookies sont necessaires au bon fonctionnement de 24hGold.com. En poursuivant votre navigation sur notre site, vous acceptez leur utilisation.
Pour en savoir plus sur les cookies...
AnglaisFrancais
Cours Or & Argent en

UraniumSA Limited

Publié le 06 avril 2016

Demerger of Samphire Project Uranium Assets

( 0 vote, 0/5 ) Imprimer l'article
  Article Commentaires Commenter Notation Suivre la société  
0
envoyer
0
commenter
Mots clés associés :   Uranium |

Demerger of Samphire Project Uranium Assets

OVERVIEW


ASX RELEASE


6 April 2016


UraniumSA Limited ("UraniumSA")

ASX Code: USA


ABN 48 119 978 013

Ground Floor

28 Greenhill Road

WAYVILLE SA 5034

Phone +61 8 8132 0577

Fax +61 8 8132 0766

www.uraniumsa.com.au [email protected]


BOARD OF DIRECTORS


Alice McCleary Chairman Martin Janes Director Russel Bluck Director & Geoscience Manager

David Paterson Director & Acting CEO


PROJECTS

South Australia

Samphire ELs 4979, 5426 (JV)

Murninnie EL 5440

Wild Horse Plains EL 4693 (JV) Muckanippie EL 4694


ISSUED CAPITAL

6 April 2016

Shares on Issue: 187,859,273 Quoted shares: 187,859,273

Unlisted Options: 9,650,000


INVESTOR INQUIRIES

[email protected]


Inquiries regarding this report and company business may be directed to:

David Paterson - Acting CEO

+61 8 8132 0577

+61 417 823 654


VISIT OUR WEBSITE

www.uraniumsa.com.au



SHARE PURCHASE PLAN


DEMERGER OF SAMPHIRE PROJECT URANIUM ASSETS


UraniumSA PLACEMENT - post demerger


UraniumSA advises that its directors propose a significant restructure of the company to protect and support the existing uranium assets comprising the Samphire Project located 20 km south of Whyalla in South Australia.


The plan involves the demerger of a restructured Samphire Uranium Pty Ltd (SUPL) to Samphire Uranium Limited ('SUL') as a separate standalone unlisted public company. SUPL is and will remain the owner of the Samphire Project Uranium Assets. (refer Appendix 3)


The restructure will include the completion of two capital raisings to provide working capital to ensure that the ongoing entities have sufficient funds, management structures and operational flexibility to support their ongoing activities.


The elements of the proposal are detailed below and will require shareholder approval at a general meeting (refer pages 2 - 6 for additional detail including an indicative timetable).


Share Purchase Plan (SPP)


UraniumSA will shortly release full details of a SPP focussed on raising approximately $400,000. Each Shareholder will be entitled to subscribe for additional shares in the company to a maximum value of $15,000.


Taylor Collison have been appointed broker to the SPP.


Demerger of Samphire Project Uranium Assets


Subject to shareholder approval, shareholders in UraniumSA will receive a pro-rata in-specie distribution of shares in a restructured unlisted public company, SUL.


The proposed assets of SUL are detailed below. It is anticipated SUL will benefit from a recovery of the uranium market.


UraniumSA Placement - post demerger


UraniumSA has for many quarters indicated that it was seeking and evaluating other opportunities in the energy and wider resources sector. This process continues and has been extended to businesses outside the resources sector.


UraniumSA will continue its business of minerals exploration.


UraniumSA has appointed Taylor Collison to assist with identifying opportunities referred to above. In addition to the funds raised from the SPP, the mandate with Taylor Collison is anticipated to bring up to $1.0 million in new UraniumSA equity

- post the proposed demerger.


Re-compliance with Chapters 1 and 2 of the ASX Listing Rules may be required depending upon the nature and scale of any acquisition subsequently progressed by UraniumSA.


Share Purchase Plan (SPP)


Shareholders who were registered as holders of fully paid ordinary shares in UraniumSA (Company) at 7.00pm CST on 5 April 2016 (Record Date) with a registered address in Australia or New Zealand will be eligible to participate in the SPP.


Under the SPP, eligible shareholders will be entitled to subscribe for up to $15,000 worth of new fully paid ordinary shares in the Company at an issue price of $0.017 (1.7 cents per share), without brokerage, commission or other transaction costs.


Taylor Collison have agreed to be Broker to the SPP. The SPP is not underwritten.


The Company is focussed on raising $400,000 from the SPP. Allocation of shares will likely be on a "first come, first served basis". The Company reserves the right to scale back applications to ensure regulatory compliance and may close the SPP before the indicative closing date.


Directors of UraniumSA intend participating in the SPP.


Full details and terms of the SPP and related documentation will be released on ASX on or about 15 April 2016.


Demerger of Samphire Project Uranium Assets


UraniumSA directors have for some time considered a demerger of the Samphire Project Uranium Assets. More recently in discussions with its advisers and market participants the strategy focus has moved to the demerger option. This release details the key elements of transactions which your directors believe are in the best interest of all shareholders. More detailed information will be provided in a Notice of Meeting which will be despatched to all shareholders in coming weeks.


The formation of SUL and demerger from UraniumSA constitutes the divestiture of UraniumSA's major asset. This requires shareholder approval at an extraordinary general meeting (EGM) of the company and ongoing compliance with ASX Listing Rules. All eligible shareholders in UraniumSA will participate in the demerger on a pro-rata basis.


Resolutions for shareholder approval at the EGM will include:

  1. Amendments if required to UraniumSA constitution to facilitate the demerger.

  2. Approval of the demerger of SUL from UraniumSA.

  3. Approval of the UraniumSA placement to be conducted by Taylor Collision post demerger re LR 7.1

  4. Approval of issue of shares to various directors in lieu of fees and entitlements outstanding re LR 10.11


Pre and Post diagrams of organisational structure appears as Appendix 3.


UraniumSA believes that a demerger transaction is now the best means of maintaining the value of the Samphire Project Uranium Assets at a reduced cost inside an unlisted public company to be called Samphire Uranium Limited (SUL). This will leave the listed entity UraniumSA to continue its other exploration initiatives and pursue other value adding activities.


UraniumSA will continue to hold EL4694 Muckanippie which is prospective for base metals and gold. In addition it holds 3 exploration licence applications prospective for base metals, uranium and other minerals. (refer ASX releases 12 and 13 February 2014 and ASX Quarterly Activity Reports - September and December 2015)


All shareholders will hold the same number of shares in UraniumSA immediately after the demerger as they held immediately before the demerger. The demerger will not affect either the total number of UraniumSA shares on issue or the number of UraniumSA shares held by each shareholder.

UraniumSA Placement - post demerger


In addition to the funds raised from the SPP, the mandate with Taylor Collision is anticipated to bring up to $1.0 million in new UraniumSA equity - post the proposed demerger. A resolution will be put to shareholders at the EGM seeking approval of this placement and ensuring compliance with Listing Rule 7.1.


The placement price will not be set until after the SUL demerger. Participants will be sophisticated and / or institutional investor clients of Taylor Collison.


Appendix 1 Indicative Timetable - subject to change at discretion of the Company


Corporate Action

Indicative date

Share Purchase Plan (SPP)

Record Date

5 April 2016

SPP Document Despatch

15 April 2016

Offer open

15 April 2016

Offer Close

5 May 2016

Allotment of SPP shares

12 May 2016

Samphire Uranium (SUL) Demerger

Notice of Meeting Despatch

13 May 2016

Shareholder EGM

15 June 2016

Record Date

2 days post EGM

Distribution of SUL shares

7 days post record date

Placement

Record date

Not applicable

Completion announcement

12 July 2016

Appendix 2 indicative pro-forma balance sheets for UraniumSA and Samphire Uranium Limited post demerger



UraniumSA

As at 31 Dec 2015

$


UraniumSA

As at 31 Mar 2016

$


UraniumSA Pro Forma Post Demerger

$

Samphire Uranium Ltd

(SUL)

Pro Forma Post Demerger

$

Current assets

Cash and cash equivalents

128,115

136,026

90,000

250,000

Trade and other receivables

11,563

5,433

5,433

-

Other Assets

30,466

23,092

23,092

-

Total current assets

170,873

164,551

118,525

250,000


Non-current assets

Exploration expenditure

14,382,314

14,394,058

594,892

13,799,166

Land - Nonowie

695,000

695,000

-

695,000

Property, plant and equipment

18,130

13,529

-

13,529

Total non-current assets

15,095,444

15,102,587

594,892

14,507,695


Total assets


15,266,317


15,267,138


713,417


14,757,695


Current liabilities

Trade and other payables

141,750

108,889

108,889

-

Borrowings

200,000

300,000

-

-

Provisions

67,081

67,081

67,081

-

Total current liabilities

408,831

475,970

175,970

-


Non-current liabilities

Provisions

1,290

1,290

1,290

-

Borrowings

Total non-current liabilities

1,290

1,290

1,290

-


Total liabilities


410,121


477,260


177,260


-


Net assets


14,856,196


14,789,878


536,157


14,757,695


Equity

Issued capital

26,058,199

26,110,199

26,839,173

14,757,695

Reserves

265,183

265,183

265,183

-

Retained earnings/(losses)

(11,467,186)

(11,585,504)

(26,568,199)

-

Total equity attributable to equity holders


14,856,196


14,789,878


536,157


14,757,695

Lire la suite de l'article sur www.publicnow.com

UraniumSA Limited

EXPLORATEUR
CODE : USA.AX
Suivi et investissement
Add to watch list Add to your portfolio Add or edit a note
Ajouter une alerte Ajouter aux Watchlists Ajouter au portefeuille Ajouter une note
ProfilIndicateurs
de Marché
VALEUR :
Projets & res.
Communiqués
de Presse
Rapport
annuel
RISQUE :
Profile actifs
Contactez la cie

UraniumSA est une société d’exploration minière d'uranium basée en Australie.

Ses principaux projets en exploration sont KINGOONYA, TARCOOLA, MUCKANIPPIE et MULLAQUANA en Australie.

UraniumSA est cotée en Australie. Sa capitalisation boursière aujourd'hui est 2,8 millions AU$ (2,1 millions US$, 1,8 millions €).

La valeur de son action a atteint son plus haut niveau récent le 21 janvier 2011 à 0,70 AU$, et son plus bas niveau récent le 11 octobre 2017 à 0,01 AU$.

UraniumSA possède 349 549 984 actions en circulation.

Votre avis nous interesse, merci de laisser un commentaire ou de noter cet article.
Evaluer : Note moyenne :0 (0 vote) Voir les mieux notés
 
Rapports annuels de UraniumSA Limited
ASX Announcement - Annual Report to Shareholders
ASX Announcement - Annual Report to shareholders
2009 Annual Report
Financements de UraniumSA Limited
14/09/2016Placement
14/09/2016placement
Attributions d'options de UraniumSA Limited
04/03/2011Lapsed options and Unlisted options on issue
Nominations de UraniumSA Limited
21/05/2009appointed BGF Equities as manager
Rapports Financiers de UraniumSA Limited
30/09/2013ASX Announcement - Annual Financial Report 2013
Projets de UraniumSA Limited
25/10/2013ASX Announcement - Targeting High Grade Uranium
27/09/2013ASX Announcement - Samphire Project Update
25/07/2012ASX Announcement - Enhanced Confidence for Samphire Uranium ...
13/06/2012ASX Announcements - AusIMM International Uranium Conference ...
29/05/2012ASX Announcement - Energy Resources Roadshow 2012 - Presenta...
29/05/2012ASX Announcement - High Grade Focus
15/05/2012ASX Announcement - High Grade Uranium
18/04/2012ASX Announcement - Continuation of Drilling
21/03/2012ASX Announcement - High Grade Uranium
15/02/2012ASX Announcement - Commencement of Drilling
22/06/2011(Mullaquana)UraniumSA finalises drill pattern construction for its Mulla...
15/04/2011ASX Announcement - Blackbush Land Purchase
14/04/2011ASX Announcement - Amendment:Plumbush Maiden Resource Estima...
08/04/2011ASX Announcement - Plumbush Maiden Resource Estimate
24/03/2011(Mullaquana) Extraction of Uranium from Saline Water and Paydirt Uranium...
22/02/2011(Mullaquana)Commonwealth Referral Decision
02/12/2010ASX Announcement - Resource Estimate Increase
02/12/2010UraniumSA increases resource estimate at its Blackbush Prosp...
20/01/2009(Mullaquana)highlights new mineralised basin at Eyre Peninsula project
17/04/2008(Mullaquana)ADVANCING THE MULLAQUANA DISCOVERY
02/01/2008(Mullaquana)MULLAQUANA – DRILLING TO END OF 2007
Communiqués de Presse de UraniumSA Limited
18/07/2016Section 708A Notice
05/07/2016Final Demerger Detail
22/06/2016Funding Facility update and Appendix 3B
22/06/2016160622_section708notice_lmc shares.pdf
22/06/2016Section 708A Notice
17/06/2016Demerger Update
20/05/2016Notice of Extraordinary General Meeting/Proxy Form
17/05/2016Share Purchase Plan Result and EGM Date
13/05/2016Extraordinary General Meeting - ASX Waiver
03/05/2016Share Purchase Plan - Extension to Closing Date
03/05/2016160503_sppextension to closing date asx release.pdf
15/04/2016160415_uraniumsa_ltd_spp_offer_documents_final.pdf
15/04/2016Quarterly Activities Report
06/04/2016Demerger of Samphire Project Uranium Assets
29/01/2016Quarterly Activities Report
11/01/2016Section 708A Notice
20/12/2015FUNDING FACILITY - Drawdown $100,000
03/11/2015Change of Directors Interest Notice_x2
19/10/2015Annual General Meeting - ASX Waiver
28/09/2015Securities Trading Policy
28/09/2015Appendix 4G and Corporate Governance Statement
31/07/2015Quarterly Activities Report
28/07/2015FUNDING FACILITY - Tranche 1 Drawdown $100,000
03/07/2015Secion 708A Notice
03/07/2015Appendix 3B
14/04/2015PACE Grant Approval From South Australian Government
25/02/2015Half Yearly Report and Accounts
30/01/2015Quarterly Activities Report
13/01/2015Appendix 3B
12/01/2015Section 708 Notice
25/11/2014Section 708 Notice
21/11/2014Chairman's Address to Shareholders
14/11/2014WILD HORSE PLAIN EL4693 TRANSFER
24/10/2014Quarterly Activities Report
26/03/2014Samphire Metallurgy Update
12/02/2014ASX Announcement - Director's Statement - Wigetty
12/02/2014ASX Announcement - Maiden Exploration Target - Wigetty
28/11/2013ASX Announcement - Chairman's Address to Shareholders
27/11/2013ASX Announcement - Mining South Australia Conference 2013 - ...
28/10/2013ASX Announcements - Quarterly Activities Report and Quarterl...
26/10/2013ASX Announcement - Notice of Annual General Meeting/Proxy Fo...
24/10/2013defines new high grade uranium at Whyalla project in SA
01/08/2013ASX Announcements - Quarterly Cashflow Report and Quarterly ...
01/05/2013ASX Announcement - Samphire Granite Update
29/04/2013ASX Announcement - Paydirt Uranium Conference 2013 - Present...
26/04/2013ASX Announcements - Quarterly Cashflow Report and Quarterly ...
31/01/2013ASX Announcements - Quarterly Activities Report and Quarterl...
24/10/2012ASX Announcements - Chairman's Address to Shareholders, AGM ...
22/10/2012ASX Announcements - 5B Quarterly and Quarterly Activities Re...
04/10/2012ASX Announcement - MOU with Clean TeQ
11/09/2012ASX Announcement - Retirement of Director
13/07/2012ASX Announcements - Quarterly Activities Report and Quarterl...
27/04/2012ASX Announcements - Quarterly Activities Report and Quarterl...
01/03/2012ASX Announcement - Paydirt Uranium Conference 2012 - Present...
03/05/2011ASX Announcement - Appendix 3B
29/04/2011ASX Announcements - Quarterly Activities Report and Quarterl...
28/04/2011ASX Announcement - Issue of unlisted options to an employee
14/04/2011ASX Announcement - Uranium and Rare Earth Roadshow Presentat...
24/02/2011ASX Announcements - Broker and Investor Presentation and Med...
23/02/2011ASX Announcement - Unlisted Share Options Issued
14/02/2011ASX Announcement - Appendix 3B
11/02/2011ASX Announcement - Half Yearly Accounts
26/01/2011 - Placement of shortfall and Appendix 3B
09/10/2009USA ASX release
10/09/2009Listed Bonus Options Expiring 18 January 2010
20/08/2009Release - UraniumSA expands new uranium 'district'
17/07/2009 June quarterly report
09/07/2009Presentation 9th July 2009
03/07/2009UraniumSA Share Placement
19/06/2009USA JV release - JV Prospectivity
12/06/2009USA ASX release
26/05/2009Rights issue
20/05/2009Research report says UraniumSA shares undervalued
19/05/2009discovery in Sth Australia has gone unnoticed
23/01/2009Complement person statement
12/03/2008Two uranium trends confirmed near SA's Whyalla
04/07/2008PROMOTIONAL FLYER
17/04/2008UNLISTED EMPLOYEE OPTIONS CANCELLED
17/04/2008THREE JOINT VENTURES TO EXTEND URANIUM EXPLORER
Publication de commentaires terminée
 
Dernier commentaire publié pour cet article
Soyez le premier à donner votre avis
Ajouter votre commentaire
AUSTRALIA (USA.AX)
0,008-11.11%
AUSTRALIA
AU$ 0,008
01/08 11:00 -
-11,11%
Cours préc. Ouverture
0,009 0,008
Bas haut
0,008 0,008
Année b/h Var. YTD
 -  -
52 sem. b/h var. 52 sem.
- -  0,008 -%
Volume var. 1 mois
100 000 -%
24hGold TrendPower© : -37
Produit
Développe
Recherche Copper - Gold - Nickel - Palladium - Uranium
 
 
 
Analyse
Interactive chart Add to compare
Graphique
interactif
Imprimer Comparer Exporter
Dernière mise à jour le : 16/12/2010
Vous devez être connecté pour accéder au portefeuille (gratuit)
Top Newsreleases
LES PLUS LUS
Variation annuelle
DateVariationMaxiMini
 
Graphique 5 ans
 
Graphique 3 mois
 
Graphique volume 3 mois
 
 
Nouvelles des Sociétés Minières
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
0,12 AU$-8,00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
7,62 AU$-0,13%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
2,20 AU$+0,00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
3,86 AU$+0,00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
0,12 CA$+4,55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
0,02 CA$+100,00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
7,27 US$-0,68%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
0,20 US$-12,28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
0,67 GBX+6,35%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
0,06 CA$+30,00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
2,13 CA$-0,47%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
1,84 CA$+0,00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
9,41 CA$-3,59%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
0,22 CA$+0,00%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
0,24 AU$-2,04%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
6,80 US$-2,86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
1,44 CA$-4,64%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
46,69 US$-0,13%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
8,66 CA$-0,35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
0,02 AU$+0,00%Trend Power :