Share
BRL
29/05/2014 16:45
RIGHT
REL: 1645 HRS Bathurst Resources Limited
RIGHT: BRL: Rights Issue
Rights Issue - Bathurst Resources Limited (BRL)
Bathurst Resources Limited advises that it intends to make a rights issue
offer to all eligible shareholders, giving them the opportunity to
participate in a 1 for 23 pro rata non-renounceable entitlement offer of
ordinary shares at an offer price of NZ$0.065 per share, or a corresponding
amount of A$0.06 per share.
BRL intends to use the proceeds from this offer, along with the raising from
the recent placement, primarily to fund the development of the Escarpment
Project, and to assess other sites on the West Coast of New Zealand for their
potential for the production of coking coal.
Key dates
Activity Date
Announcement of the Offer 30 May 2014
Ex Date on ASX 5 June 2014
Ex Date on NZX 6 June 2014
Record Date 10 June 2014
Opening Date 13 June 2014
Offer Booklet and Entitlement and Acceptance Forms mailed 13 June 2014
Closing Date (for acceptances) 3 July 2014
Offer Shares expected to commence trading on ASX (on deferred settlement
basis) 4 July 2014
Settlement and Allotment Date 9 July 2014
Offer Shares expected to commence trading on NZX Main Board 10 July 2014
Offer Shares expected to commence trading on ASX (on normal settlement basis)
10July 2014
Mailing of allotment notices for Offer Shares 16 July 2014
The Offer Document will be lodged with ASX and NZX on 30 May 2014 and will be
available on both the ASX and NZX websites, as well as on BRL's website at
http://www.bathurstresources.com/investor-relations/.
Further information
If you have any questions in relation to any of the above matters, please
contact the Offer Information Help Line on 0800 727 475 (from within New
Zealand) or 1800 041 651 (from within Australia) from 8:30 am to 5:00 pm
Monday to Friday during the offer period. For other questions, you should
consult your broker, accountant, financial adviser, taxation adviser or other
independent professional adviser without delay.
End CA:00251038 For:BRL Type:RIGHT Time:2014-05-29 16:45:05
