TIDMBGL
RNS Number : 9651Z
Bullabulling Gold Limited
14 March 2013
THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR
PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN
THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH SUCH
PUBLICATION, RELEASE OR DISTRIBUTION WOULD BE UNLAWFUL
Bullabulling Gold Limited
14 March 2013 ASX Code: BAB, AIM Code: BGL
1 for 2 Non-Renounceable Entitlement Offer to Raise up to
$7.6M
-- Up to 151.3 million new shares to be issued at $0.05 or GBP0.035* per share
-- Proceeds to be used to complete the Bullabulling Gold Project DFS
-- Initial phase of the DFS will focus on delivery of identified
cost saving opportunities and optimising gold production
-- Existing eligible shareholders to have the opportunity to apply for shortfall shares
Bullabulling Gold Limited (Bullabulling) advises that it is
undertaking a pro rata non-renounceable entitlement offer
(Entitlement Offer) of new ordinary shares (New Shares)to raise up
to $7,563,347 (subject to rounding and exchange rate variations)
before costs. The Entitlement Offer is being made on the basis of 1
New Share for every 2 Bullabulling shares held at an offer price of
A$0.05 for eligible shareholders whose shares are registered on the
ASX and GBP0.035* for eligible Depository Interest holders.
The net proceeds of the Entitlement Offer will be used to fund a
definitive feasibility study (DFS), including associated resource
drilling on the Bullabulling Gold Project. Further details of the
use of funds have been provided in the Investor Presentation
released with this announcement, a copy of which can be obtained
from Bullabulling's website www.bullabullinggold.com.au.
Initiation of the DFS follows completion of a prefeasibility
study (PFS) in January 2013 which indicated that the Bullabulling
Gold Project is technically and financially viable (see
announcement of 7 February 2013). The PFS was based on
establishment of a 7.5 million tonne per annum open pit mining
operation that would produce approximately two million ounces of
gold over an initial mine life of just over ten years.
The initial phase of the DFS will focus on re-optimisation of
the project to fully evaluate improvement initiatives identified
during review of the PFS results. Preliminary assessment of these
initiatives indicates they have potential to materially reduce
estimated cash production costs and increase forecast gold
production.
*Determined using an exchange rate of 0.6893 GBP:AUD on 12 March
2013
Overview of Entitlement Offer
The Entitlement Offer will be made to all Bullabulling
shareholders who were a registered holder of Bullabulling's shares
or Depositary Interests and had a registered address on the
Bullabulling securities register in Australia, New Zealand or the
United Kingdom as at 5.00pm AWST (or in the case of Depositary
Interest holders, 5.00pm GMT) on 22 March 2013 (Eligible
Shareholders). Shareholders not satisfying these criteria will not
be eligible to participate in the Entitlement Offer.
Entitlements are non-renounceable and will not be tradeable on
ASX or AIM or otherwise transferable. Eligible Shareholders who do
not take up their entitlements in full will be diluted and will not
receive any value in respect of those entitlements they do not take
up.
New Shares issued under the Entitlement Offer will rank equally
with all ordinary shares already on issue. Under the Entitlement
Offer, Bullabulling will issue up to 151,266,936 New Shares,
resulting in total Bullabulling ordinary shares on issue after
completion of the Entitlement Offer of up to 453,800,807 (subject
to rounding).
For the purposes of calculating each Eligible Shareholder's
entitlements, fractional entitlements to New Shares will be rounded
up to the nearest whole number of shares.
The Entitlement Offer is not underwritten. Eligible Shareholders
will be able to apply for New Shares in excess of their entitlement
(Additional Shares). Applications for Additional Shares will be
satisfied out of the shortfall if the Entitlement Offer is not
fully subscribed for. While the number of Additional Shares that
may be applied for is uncapped, Bullabulling may scale back
applications for Additional Shares in its absolute discretion.
Bullabulling may also place the shortfall to investors who are not
Eligible Shareholders, subject to compliance with applicable
securities laws.
The Entitlement Offer will be undertaken pursuant to an
exemption under Schedule 11A of the Financial Services and Markets
Act 2000 from the requirement to produce a prospectus in respect of
an offer to the public in the European Economic Area of
transferable securities where the total consideration payable in
respect of such offer is less than EUR5 million. In the event that
changes in the composition of the Company's share register between
the date of this announcement and the Record Date would result in
the aggregate offer price of New Shares that would otherwise be
offered to EU Eligible Shareholders exceeding EUR5 million, the
entitlements of all Shareholders will be scaled back to the minimum
extent necessary to ensure the availability of the relevant
exemption and pro rata to their current holdings, and Bullabulling
will make a further announcement confirming the revised terms of
the Entitlement Offer.
An Entitlement Offer booklet setting out further details of the
Entitlement Offer will be issued to Eligible Shareholders and will
include instructions on how Eligible Shareholders may accept their
entitlement. The Entitlement Offer booklet will be made available
on the Company's website: www.bullabullinggold.com.
The timetable for the issue is as follows:
Event Date
================================================ =====================
Shareholders trade on 'ex' entitlement Monday 18 March 2013
basis
================================================ =====================
Record date for ASX shareholders determining 5:00PM (AWST)
entitlements to participate in Entitlement Friday 22 March 2013
Offer
================================================ =====================
Record date for AIM Depositary Interest 5:00PM (GMT)
holders determining entitlements to participate Friday 22 March 2013
in Entitlement Offer
================================================ =====================
Completion of dispatch of offer documentation Thursday 28 March
and entitlement and acceptance form to 2013
shareholders
================================================ =====================
Opening date Thursday 28 March
2013
================================================ =====================
Closing date for acceptance and payment 5.00PM (AWST)
for ASX shareholders and AIM Depositary Monday 15 April 2013
Interest holders
================================================ =====================
New Shares trade on a deferred settlement Tuesday 16 April
basis 2013
================================================ =====================
ASX and AIM notified of level of subscriptions Thursday 18 April
2013
================================================ =====================
Allotment of New Shares and issue of Tuesday 23 April
Depositary Interests and dispatch of 2013
holding statements to shareholders and
Depositary Interest holders
================================================ =====================
Normal trading for New Shares commences Wednesday 24 April
2013
================================================ =====================
Note that all dates are indicative only. Bullabulling reserves
the right to change these dates subject to the Corporations Act
2001 (Cth), ASX Listing Rules and AIM Rules. All times are
Australian Western Standard Time unless otherwise indicated.
For information, contact:
Brett Lambert Westhouse Securities Limited
Bullabulling Gold Limited (UK Nominated Adviser)
Level 2, 55 Carrington Street Martin Davison/Jonathan Haines
Nedlands, WA, 6009, Australia Tel: +44 20 7601 6100
Tel: +61 8 9386 4086
------------------------------- -----------------------------------------------
Neil Boom John Gardner / Rupert Dearden
Gresham PR Ltd (UK media) MAGNUS Investor Relations. Corporate
Tel: +44 7866 805 108 Communication. (Australian Media)
Tel: +61 8 9212 0101
jgardner@magnus.net.au rdearden@magnus.net.au
------------------------------- -----------------------------------------------
About Bullabulling Gold Limited
Bullabulling Gold Limited is listed on the Australian Securities
Exchange (ASX:BAB) and London's AIM Market (AIM:BGL) and has
approximately 302.5 million shares on issue. The Company's primary
asset is the wholly owned Bullabulling Gold Project, located near
Coolgardie in Western Australia.
The Bullabulling Gold Project hosts JORC compliant Mineral
Resources of 3.5 million ounces comprising Indicated Resources of
71.7 million tonnes at 0.96 g/t gold (2.2 million ounces) and
Inferred Resources of 32.8 million tonnes at 1.06 g/t gold (1.1
million ounces) at Bullabulling and Inferred Resources of 4.8
million tonnes at 1.15 g/t gold (0.2 million ounces) at Gibraltar.
Exploration has demonstrated strong potential for further expansion
of the resource base.
The Bullabulling deposit is amenable to bulk tonnage open pit
mining and conventional CIL processing has delivered high gold
recoveries. The deposit is situated on granted Mining Leases in
close proximity to infrastructure.
The Company has recently completed a pre-feasibility study into
the development of a large scale, low cost mining operation at
Bullabulling and is now moving into definitive feasibility study.
First production is targeted for Q4 2015.
Competent Person Statement
The information in this announcement that relates to the
Exploration Results, Mineral Resources or Ore Reserves is based
upon information compiled by Mr Trevor Pilcher, who is a full time
employee of the Company and is a member of The Australasian
Institute of Mining and Metallurgy. Mr Pilcher has sufficient
experience relevant to the style of mineralisation and type of
deposit under consideration and the activity in which he is
undertaking to qualify as a Competent Person under 2004 Edition of
the Australasian Code for Reporting Exploration Results, Mineral
Resources and Ore Reserves (JORC Code). Mr Pilcher consents to the
inclusion in this announcement of the matters based on his
information in the form and context in which it appears.
Important information
This announcement does not constitute an offer of, or a
solicitation of an offer to buy, securities to any person in any
jurisdiction.
This announcement is not an offer to sell or a solicitation of
any offer to buy the securities of Bullabulling (Securities) in the
United States or to any person that is, or is acting for the
account or benefit of, a "US Person" as defined in Regulation S
under the US Securities Act of 1933 (US Securities Act)or in any
other jurisdiction where such offer or sale would be unlawful.
This document may not be distributed or released into or within
the United States or to any US Persons. The Securities have not
been, and will not be, registered under the US Securities Act or
under any applicable securities laws of any State or other
jurisdiction of the United States. Accordingly, the Securities may
not be offered, sold, taken up, exercised, resold, pledged,
renounced, transferred or delivered, directly or indirectly, into
or within the United States or to, or for the account or benefit
of, US Persons, except in a transaction exempt from, or not subject
to, the registration requirements of the US Securities Act and any
other applicable securities laws of any State or other jurisdiction
of the United States. The Securities are being offered and sold
outside the United States to persons that are not US Persons, or
acting for the account or benefit of, US Persons, in reliance on
Regulation S under the US Securities Act.
Neither this announcement nor any other document related to this
announcement has been delivered for approval to the Financial
Services Authority in the United Kingdom and no prospectus (within
the meaning of section 85 of the Financial Services and Markets Act
2000 ("FSMA")) has been published or is intended to be published in
respect of the New Shares (or the Additional Shares). The New
Shares (and Additional Shares) referred to in this announcement
will be offered to shareholders in the UK in circumstances in which
an approved prospectus is not required pursuant to section 85(5)(a)
and Schedule 11A of the FSMA. No New Shares (or Additional Shares)
will be offered to investors in the UK otherwise than in
circumstances in which such exemption applies or in which another
exemption from the requirements to publish an approved prospectus
is available.
Rule 2.7, 3.10.3, 3.10.4, 3.10.5
Appendix 3B
New issue announcement,
application for quotation of additional securities
and agreement
Information or documents not available now must be given to ASX
as soon as available. Information and documents given to ASX become
ASX's property and may be made public.
Introduced 01/07/96 Origin: Appendix 5 Amended 01/07/98,
01/09/99, 01/07/00, 30/09/01, 11/03/02, 01/01/03, 24/10/05,
01/08/12
Name of entity
Bullabulling Gold Limited
-----------------------------
ABN
50 153 234 532
------------------
We (the entity) give ASX the following information.
Part 1 -- All issues
You must complete the relevant sections (attach sheets if there
is not enough space).
1 +Class of +securities Fully paid ordinary shares.
issued or to be issued
2 Number of +securities Approximately 151,266,936 fully
issued or to be issued paid ordinary shares in Bullabulling
(if known) or maximum Gold Limited pursuant to a non-renounceable
number which may be pro-rata entitlement offer (Entitlement
issued Offer).
3 Principal terms of Fully paid ordinary shares.
the +securities (eg,
if options, exercise
price and expiry date;
if partly paid +securities,
the amount outstanding
and due dates for
payment; if +convertible
securities, the conversion
price and dates for
conversion)
---------------------------------------------
4 Do the +securities Yes.
rank equally in all
respects from the
date of allotment
with an existing +class
of quoted +securities?
If the additional
securities do not
rank equally, please
state:
* the date from which they do
* the extent to which they participate for the next
dividend, (in the case of a trust, distribution) or
interest payment
* the extent to which they do not rank equally, other
than in relation to the next dividend, distribution
or interest payment
---------------------------------------------
5 Issue price or consideration A$0.05 per share for eligible
shareholders
registered on the ASX.
GBP0.035 per share for eligible
Depository
Interest holders.
---------------------------------------------
Purpose of the issue The net proceeds of the Entitlement
(If issued as consideration Offer will be used to fund a
for the acquisition definitive feasibility study,
6 of assets, clearly including associated resource
identify those assets) drilling, on the Bullabulling
Gold Project.
---------------------------------------------
Is the entity an +eligible No.
entity that has obtained
security holder approval
6a under rule 7.1A?
If Yes, complete sections
6b - 6h in relation
to the +securities
the subject of this
Appendix 3B, and comply
with section 6i
---------------------------------------------
The date the security N/A.
holder resolution
under rule 7.1A was
6b passed
---------------------------------------------
Number of +securities N/A.
issued without security
holder approval under
6c rule 7.1
---------------------------------------------
Number of +securities N/A.
issued with security
holder approval under
6d rule 7.1A
---------------------------------------------
Number of +securities N/A.
issued with security
holder approval under
6e rule 7.3, or another
specific security
holder approval (specify
date of meeting)
---------------------------------------------
Number of securities N/A.
issued under an exception
in rule 7.2
6f
---------------------------------------------
If securities issued N/A.
under rule 7.1A, was
issue price at least
6g 75% of 15 day VWAP
as calculated under
rule 7.1A.3? Include
the issue date and
both values. Include
the source of the
VWAP calculation.
---------------------------------------------
If securities were N/A.
issued under rule
7.1A for non-cash
6h consideration, state
date on which valuation
of consideration was
released to ASX Market
Announcements
---------------------------------------------
Calculate the entity's N/A
remaining issue capacity
under rule 7.1 and
6i rule 7.1A - complete
Annexure 1 and release
to ASX Market Announcements
---------------------------------------------
7 Dates of entering 23 April 2013
+securities into uncertificated
holdings or despatch
of certificates
Number +Class
---------------------- --------------------
8 Number and +class After the Entitlement Fully paid ordinary
of all +securities Offer there will shares.
quoted on ASX (including be approximately
the securities in 453,800,807 shares
section 2 if applicable) on issue.
The exact number
is still to be
finalised and
is subject to
rounding of security
holder entitlements.
---------------------- --------------------
Number +Class
---------------------- --------------------
Number and +class
of all +securities
not quoted on ASX Options with
(including the securities various expiry,
9 in section 2 if applicable) 15,359,242. prices and dates.
---------------------- --------------------
10 Dividend policy (in Same as for existing fully paid
the case of a trust, ordinary shares.
distribution policy)
on the increased capital
(interests)
--------------------------------------------
Part 2 -- Bonus issue or pro rata issue
11 Is security holder No.
approval required?
------------------------------------
12 Is the issue renounceable Non-renounceable.
or non-renounceable?
------------------------------------
Ratio in which the
+securities will be
13 offered 1:2
14 +Class of +securities Fully paid ordinary shares.
to which the offer
relates
------------------------------------
15 +Record date to determine 5.00 pm (AWST) 22 March 2013
entitlements
------------------------------------
16 Will holdings on different No.
registers (or sub registers)
be aggregated for calculating
entitlements?
------------------------------------
17 Policy for deciding Where fractions arise in the
entitlements in relation calculation of ordinary share
to fractions entitlements under the Entitlement
Offer they will be rounded
up to the next whole number
of new ordinary shares.
------------------------------------
18 Names of countries Only shareholders with a registered
in which the entity address in Australia, New Zealand
has +security holders and the United Kingdom will
who will not be sent receive the offer documentation.
new issue documents
Note: Security holders
must be told how their
entitlements are to
be dealt with.
Cross reference: rule
7.7.
------------------------------------
19 Closing date for receipt 5.00pm (AWST) 15 April 2013
of acceptances or renunciations
------------------------------------
20 Names of any underwriters N/A.
------------------------------------
21 Amount of any underwriting N/A.
fee or commission
------------------------------------
22 Names of any brokers None.
to the issue
------------------------------------
23 Fee or commission payable N/A
to the broker to the
issue
------------------------------------
24 Amount of any handling N/A.
fee payable to brokers
who lodge acceptances
or renunciations on
behalf of +security
holders
------------------------------------
25 If the issue is contingent N/A.
on +security holders'
approval, the date
of the meeting
------------------------------------
26 Date entitlement and No prospectus or product disclosure
acceptance form and statement is being produced.
prospectus or Product The Entitlement Offer documents
Disclosure Statement (including an entitlement and
will be sent to persons acceptance form) will be sent
entitled to security holders on or before
28 March 2013
------------------------------------
27 If the entity has issued 14 March 2013
options, and the terms
entitle option holders
to participate on exercise,
the date on which notices
will be sent to option
holders
------------------------------------
28 Date rights trading N/A.
will begin (if applicable)
------------------------------------
29 Date rights trading N/A.
will end (if applicable)
------------------------------------
30 How do +security holders N/A.
sell their entitlements
in full through a broker?
------------------------------------
31 How do +security holders N/A.
sell part of their
entitlements through
a broker and accept
for the balance?
------------------------------------
32 How do +security holders N/A.
dispose of their entitlements
(except by sale through
a broker)?
------------------------------------
33 +Despatch date 23 April 2013
------------------------------------
Part 3 -- Quotation of securities
You need only complete this section if you are applying for
quotation of securities
34 Type of securities
(tick one)
(a) Securities described in Part 1
(b) All other securities
Example: restricted securities at the end of the
escrowed period, partly paid securities that become
fully paid, employee incentive share securities
when restriction ends, securities issued on expiry
or conversion of convertible securities
Entities that have ticked box 34(a)
Additional securities forming a new class of securities
Tick to indicate you are providing
the information or documents
35 If the +securities are +equity securities, the
names of the 20 largest holders of the additional
+securities, and the number and percentage of
additional +securities held by those holders
36 If the +securities are +equity securities, a distribution
schedule of the additional +securities setting
out the number of holders in the categories
1 - 1,000
1,001 - 5,000
5,001 - 10,000
10,001 - 100,000
100,001 and over
37 A copy of any trust deed for the additional +securities
Entities that have ticked box 34(b)
38 Number of securities
for which +quotation
is sought
39 Class of +securities
for which quotation
is sought
-----------------------------
40 Do the +securities
rank equally in all
respects from the date
of allotment with an
existing +class of
quoted +securities?
If the additional securities
do not rank equally,
please state:
* the date from which they do
* the extent to which they participate for the next
dividend, (in the case of a trust, distribution) or
interest payment
* the extent to which they do not rank equally, other
than in relation to the next dividend, distribution
or interest payment
41 Reason for request
for quotation now
Example: In the case
of restricted securities,
end of restriction
period
(if issued upon conversion
of another security,
clearly identify that
other security)
-----------------------------
Number +Class
------------- --------------
42 Number and +class of
all +securities quoted
on ASX (including the
securities in clause
38)
------------- --------------
Quotation agreement
1 +Quotation of our additional +securities is in ASX's absolute
discretion. ASX may quote the +securities on any conditions it
decides.
2 We warrant the following to ASX.
-- The issue of the +securities to be quoted complies with the
law and is not for an illegal purpose.
-- There is no reason why those +securities should not be granted +quotation.
-- An offer of the (+) securities for sale within 12 months
after their issue will not require disclosure under section 707(3)
or section 1012C(6) of the Corporations Act.
Note: An entity may need to obtain appropriate warranties from
subscribers for the securities in order to be able to give this
warranty
-- Section 724 or section 1016E of the Corporations Act does not
apply to any applications received by us in relation to any
+securities to be quoted and that no-one has any right to return
any +securities to be quoted under sections 737, 738 or 1016F of
the Corporations Act at the time that we request that the
+securities be quoted.
-- If we are a trust, we warrant that no person has the right to
return the +securities to be quoted under section 1019B of the
Corporations Act at the time that we request that the +securities
be quoted.
3 We will indemnify ASX to the fullest extent permitted by law
in respect of any claim, action or expense arising from or
connected with any breach of the warranties in this agreement.
4 We give ASX the information and documents required by this
form. If any information or document not available now, will give
it to ASX before +quotation of the +securities begins. We
acknowledge that ASX is relying on the information and documents.
We warrant that they are (will be) true and complete.
Sign here:
............................................................ Date:
14 March 2013
Company Secretary
Print name: David McArthur
== == == == ==
Appendix 3B - Annexure 1
Calculation of placement capacity under rule 7.1 and rule 7.1A
for (+) eligible entities
Introduced 01/08/12
Part 1
Rule 7.1 - Issues exceeding 15% of capital
-----------------------------------------------------------------------------------------------
Step 1: Calculate "A", the base figure from which the
placement capacity is calculated
-----------------------------------------------------------------------------------------------
Insert number of fully paid
ordinary securities on issue
12 months before date of
issue or agreement to issue
------------------------------------------------------------- --------------------------------
Add the following:
* Number of fully paid ordinary securities issued in
that 12 month period under an exception in rule 7.2
* Number of fully paid ordinary securities issued in
that 12 month period with shareholder approval
* Number of partly paid ordinary securities that became
fully paid in that 12 month period
Note:
* Include only ordinary securities here - other classes
of equity securities cannot be added
* Include here (if applicable) the securities the
subject of the Appendix 3B to which this form is
annexed
* It may be useful to set out issues of securities on
different dates as separate line items
------------------------------------------------------------- --------------------------------
Subtract the number of fully
paid ordinary securities
cancelled during that 12
month period
------------------------------------------------------------- --------------------------------
"A"
------------------------------------------------------------- --------------------------------
Step 2: Calculate 15% of "A"
-----------------------------------------------------------------------------------------------
"B" 0.15
[Note: this value cannot be
changed]
------------------------------------------------------------- --------------------------------
Multiply "A" by 0.15
------------------------------------------------------------- --------------------------------
Step 3: Calculate "C", the amount of placement capacity
under rule 7.1 that has already been used
-----------------------------------------------------------------------------------------------
Insert number of equity securities
issued or agreed to be issued
in that 12 month period not
counting those issued:
* Under an exception in rule 7.2
* Under rule 7.1A
* With security holder approval under rule 7.1 or rule
7.4
Note:
* This applies to equity securities, unless
specifically excluded - not just ordinary securities
* Include here (if applicable ) the securities the
subject of the Appendix 3B to which this form is
annexed
* It may be useful to set out issues of securities on
different dates as separate line items
------------------------------------------------------------- --------------------------------
"C"
------------------------------------------------------------- --------------------------------
Step 4: Subtract "C" from ["A" x "B"] to calculate remaining
placement capacity under rule 7.1
-----------------------------------------------------------------------------------------------
"A" x 0.15
Note: number must be same
as shown in Step 2
------------------------------------------------------------- --------------------------------
Subtract "C"
Note: number must be same
as shown in Step 3
------------------------------------------------------------- --------------------------------
Total ["A" x 0.15] - "C" [Note: this is the remaining
placement capacity under rule
7.1]
------------------------------------------------------------- --------------------------------
Part 2
Rule 7.1A - Additional placement capacity for eligible
entities
-------------------------------------------------------------------------------------------
Step 1: Calculate "A", the base figure from which the
placement capacity is calculated
-------------------------------------------------------------------------------------------
"A"
Note: number must be same
as shown in Step 1 of Part
1
------------------------------------------------------------- ----------------------------
Step 2: Calculate 10% of "A"
-------------------------------------------------------------------------------------------
"D" 0.10
Note: this value cannot be
changed
------------------------------------------------------------- ----------------------------
Multiply "A" by 0.10
------------------------------------------------------------- ----------------------------
Step 3: Calculate "E", the amount of placement capacity
under rule 7.1A that has already been used
-------------------------------------------------------------------------------------------
Insert number of equity securities
issued or agreed to be issued
in that 12 month period under
rule 7.1A
Notes:
* This applies to equity securities - not just ordinary
securities
* Include here - if applicable - the securities the
subject of the Appendix 3B to which this form is
annexed
* Do not include equity securities issued under rule
7.1 (they must be dealt with in Part 1), or for which
specific security holder approval has been obtained
* It may be useful to set out issues of securities on
different dates as separate line items
------------------------------------------------------------- ----------------------------
"E"
------------------------------------------------------------- ----------------------------
Step 4: Subtract "E" from ["A" x "D"] to calculate remaining
placement capacity under rule 7.1A
---------------------------------------------------------------
"A" x 0.10
Note: number must be same
as shown in Step 2
---------------------------- ---------------------------------
Subtract "E"
Note: number must be same
as shown in Step 3
---------------------------- ---------------------------------
Total ["A" x 0.10] - "E"
Note: this is the remaining
placement capacity under rule
7.1A
---------------------------- ---------------------------------
Notice under section 708AA(2)(f) of the Corporations
Act 2001 as notionally modified by ASIC Class Order
08/35
Bullabulling Gold Limited ABN 50 153 234 532 (Bullabulling) has
today announced a pro rata, non-renounceable entitlement offer to
eligible shareholders (Entitlement Offer) to subscribe for 1 new
ordinary share (New Share)for every 2 existing ordinary shares held
at 5.00pm (AWST) (or in the case of Depository Interest Holders,
5.00pm (GMT)) on 22 March 2013 to raise approximately $ 7,563,347
(before costs, and subject to rounding and exchange rate
fluctuations).
Bullabulling gives notice under section 708AA(2)(f) of the
Corporations Act 2001 (Cth) (Act) as notionally modified by
Australian Securities and Investments Commission Class Order 08/35
(CO 08/35) that:
(a) the New Shares will be offered for issue without disclosure
to investors under Part 6D.2 of the Act as modified by CO
08/35;
(b) this notice is being given under section 708AA(2)(f) of the
Act as notionally modified by CO 08/35;
(c) as at the date of this notice, Bullabulling has complied with:
(1) the provisions of Chapter 2M of the Act as they apply to Bullabulling; and
(2) section 674 of the Act;
(d) as at the date of this notice, there is no information that
is 'excluded information' within the meaning of sections 708AA(8)
and 708AA(9) of the Act; and
(e) the issue of New Shares under the Entitlement Offer is not
expected to have any material effect or consequence on the control
of Bullabulling.
On behalf of the Board of Directors
This information is provided by RNS
The company news service from the London Stock Exchange
END
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