2 for 3 Non-Renounceable Rights Issue
Sydney, Oct 12, 2012 AEST (ABN Newswire) - Gold Anomaly Limited (
ASX:GOA) will undertake a non-renounceable pro rata rights issue of two (2) shares for every three (3) shares held at A$0.0025 (0.25 cents) per share to raise up to $3,745,558 before costs ("Rights Issue"). Funds raised will be used for reducing debt and for working capital in particular to progress the Crater Mountain and Croydon Projects.
As detailed further below, to the extent that there is any shortfall, all eligible shareholders may also apply for shares in addition to their pro rata entitlements under the Rights Issue.
GOA has secured either commitments to subscribe under the Rights Issue, or an underwriting commitment, in respect of the full amount to be offered under the Rights Issue as follows:
- The Company's major shareholder, FreeFire Technology Ltd (FreeFire), which presently holds 12.46% of GOA's issued share capital, has agreed to take up its full pro rata entitlement under the Rights Issue.
- The Company has received commitments from a group of PNG domiciled shareholders to take up take up their aggregate full pro rata entitlements under the Rights Issue and also to subscribe for any shortfall up to an aggregate of $500,000.
- FreeFire has also agreed to underwrite up to $2,778,892 of any shortfall (after the above commitments) at the issue price of $0.0025 (0.25 cents).
View the full release in detail at:
http://media.abnnewswire.net/media/en/docs/ASX-GOA-699780.pdf
Contact
Gold Anomaly Limited
T: +61-2-9241-4224
F: +61-2-9252-2335
WWW: www.goldanomaly.com.au
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