Microsoft Word - 008 - Option Conversions - 24-Mar-16
ASX ANNOUNCEMENT
24 March 2016 Electronic lodgement
COMPANY SNAPSHOT
LODESTAR MINERALS LIMITED ABN: 32 127 026 528
CONTACT DETAILS
Bill Clayton, Managing Director
+61 8 9423 3200
Registered and Principal OfficeLevel 2, 55 Carrington Street Nedlands, WA 6009
PO Box 985
Nedlands, WA, 6909 [email protected]com.au www.lodestarminerals.com.au
CAPITAL STRUCTURE
Shares on Issue:
370,989,038 (LSR)
Options on Issue:
43,550,127 (unlisted) 15,235,196 (listed ‐ 31 Mar 2016)
ASX: LSR
PROJECTS
Peak Hill - Doolgunna: Camel Hills - gold Neds Creek - gold Marymia - gold
Imbin - gold and base metals
TOTAL OPTION CONVERSIONS SET TO RAISE IN EXCESS OF $1 MILLION
West Australian gold explorer Lodestar Minerals Limited (ASX:LSR, "Lodestar" or the "Company") advises that all of its listed options, priced at A$0.03 with an exercise date on or before 31 March 2016 ("Options"), are set to be exercised.
At the close of business on 23 March 2016, a total of 20,842,206 Options had been exercised, raising $625,266. The balance of 15,235,196 Options (total strike value of
$457,055) fall within the scope of a $500,000 underwriting agreement signed in November 2015 (see ASX announcement 13 November 2015). This ensures funds from the entire unexercised portion of the Options will be received by Lodestar through either the exercise of the Options by 31 March 2016 or from the underwriters.
All members of the Lodestar Board of Directors have exercised all of their Options.
Bill Clayton Michael Vaughan
Managing Director Fivemark Partners [email protected] [email protected] T: +61 8 9423 3200 M: +61 422 602 720