Share Purchase Plan
Sydney, June 14, 2012 AEST (ABN Newswire) - Australian Bauxite Limited (ABx) (
ASX:ABZ) announced a Share Purchase Plan (SPP) offering eligible shareholders the opportunity to purchase shares in ABx without brokerage or other related charges.
Shareholders can purchase for $0.39 per share, which is the same price paid by brokers and professional investors in the recently completed placement.
Participation in the Offer is optional and is open to Eligible Shareholders who were holders of Shares in ABx at 5.00 pm (EST) on 7 June 2012 and whose registered address is in Australia or New Zealand.
Shareholders can purchase shares totalling up to $15,000.
Funds raised through the SPP will be used to progress the company's drilling and development programs and to provide working capital.
Shares issued under the SPP will rank equally with existing shares.
--------------------------------------------------------Indicative Dates--------------------------------------------------------Record Date 7 June 2012Announcement of the Share Purchase Plan 8 June 2012Documents mailed to Eligible Shareholders 14 June 2012Opening date for acceptances 14 June 2012Closing date for acceptances 11 July 2012Allotment and issue of New Shares 18 July 2012Quotation of New Shares on ASX 18 July 2012Dispatch of shareholder statements 20 July 2012--------------------------------------------------------
Full details of the SPP and Application Forms have been sent to all eligible shareholders, copies of which are attached.
For the full ABx Share Purchase Plan, please click the following link below:
http://media.abnnewswire.net/media/en/docs/ASX-ABZ-682265.pdf
About ABx Group Limited
ABx Group Limited (ABx) (ASX:ABX) is a uniquely positioned Australian company delivering materials for a cleaner future.
The three priority projects are:
- Heavy rare earths: Supplying light and heavy rare earths from Tasmania into Western supply chains
o Processing Options Analysis conducted in partnership with external experts
- Clean fluorine chemical production: Producing industrial chemicals from aluminium smelter by-product (ALCORE)
o Continuous pilot plant under construction in Bell Bay, Tasmania
- Near-term bauxite production: Mining bauxite resources for the aluminium, cement and fertiliser industries
o Agreements executed with Good Importing International for bauxite projects in Queensland and New South Wales, and $2.7 million initial payment has been received
o Approvals well advanced for DL130 bauxite project in northern Tasmania
ABx endorses best practices on agricultural land and strives to leave land and environment better than we find it. We only operate where welcomed.
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