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- Release Date: 30/05/14 11:36
- Summary: RIGHT: BRL: Rights Issue Announcement
- Price Sensitive: No
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BRL
30/05/2014 09:36
RIGHT
REL: 0936 HRS Bathurst Resources Limited
RIGHT: BRL: Rights Issue Announcement
Not for release or distribution in the United States
Bathurst announces rights issue following completion of placement
As anticipated in the announcement made on 16 April 2014 that Bathurst
Resources Limited (NZX/ASX: BRL) ("Bathurst" or the "Company") had undertaken
a placement of the equivalent of 15% of its shares to to institutional and
other sophisticated and professional investors at issue prices of NZ$0.065 or
AUD0.06 per new Share (the "Placement") the Board has now determined that the
Company will make an entitlement offer to shareholder comprising a
non-renounceable rights for all shareholders (of a total of up to 5% of the
pre-Placement share total) at the same prices as applied under the Placement.
Bathurst Managing Director, Hamish Bohannan, said: "Since completing the
Placement, the Board has been assessing how shareholders could be given the
opportunity to also contribute additional capital to the Company as part of a
small entitlement issue. While some final details concerning timing are
being finalised and the formal documentation is still being completed, the
Board has been able to determine what shape the offer can take so we want to
let shareholders know about this coming opportunity."
The offer will be for 1 new share for every 23 shares and shareholders will
be able to elect to pay in either NZ$ (at 6.5 cents per share) or AUD (at 6
cents per share).
This announcement has been prepared for publication in New Zealand and
Australia and may not be released or distributed in the United States. This
announcement does not constitute an offer of securities for sale in the
United States or any other jurisdiction. Any securities described in this
announcement may not be offered or sold in the United States absent
registration under the US Securities Act of 1933 or an exemption from
registration.
On behalf of Bathurst Resources Limited.
Marshall Maine
Company Secretary
End CA:00251056 For:BRL Type:RIGHT Time:2014-05-30 09:36:49
