Ann: Trading Halt , page-34

Here Rawbaws.

EQUITY OFFER STRUCTURE
The Equity Offer is structured as:
• An Institutional Placement of 100 million shares at A$0.28 a share; and
• An Entitlements Offer comprising an:
o Institutional Entitlements Offer in a ratio of two New Shares for every nine
existing shares held of approximately 180 million New Shares at A$0.28 per
New Share to raise approximately A$50 million (US$39 million); and
o Retail Entitlements Offer in a ratio of two New Shares for every nine existing
shares held of approximately 229 million New Shares at A$0.28 per New
Share to raise approximately A$64 million (US$50 million).
New Shares issued under the Institutional Placement and Entitlements Offer will rank
equally in all respects with issued ordinary shares (ex‐entitlement).
The Entitlements Offer is non‐renounceable. This means that PanAust shareholders who do
not take up their entitlement to participate in the offer will not receive any value for those
entitlements and their equity interest in PanAust will be diluted