ASX Announcement Entitlement Offer update
Axiom Mining Limited (‘Axiom’ or ‘the Company’) advises that its 1 for 10 non-renounceable Entitlement Offer
('Entitlement Offer') closed on 2 May 2017 and raised a total of $247,316.
Axiom received acceptances in respect of 1,545,723 new Axiom shares. The number of new shares offered under the
Entitlement Offer was 34,635,834 shares resulting in a shortfall of 33,090,111. A total of 2,705,015 attaching options
on a 7 for 4 basis ('Attaching Options') will also be issued.
New Axiom shares and Attaching Options issued under the Entitlement Offer are expected to be issued on 9 May
2017, with normal trading of new Axiom shares under quotation (AVQNA) and Attaching Options under quotation
(AVQO) to commence on 10 May 2017.
The Directors have reserved the right to place any or all of the 33,090,111 shortfall Axiom shares and Attaching
Options after closing date of the Entitlement Offer.
As previously announced on 1 March 2017, the Company has also made a Loyalty Bonus Options Offer to Eligible
Shareholders who hold 125,000 Axiom shares (disregarding any new Axiom shares issued under the Entitlement
Offer) as at the Loyalty Bonus Record date of 16 May 2017.
Following the record date of the Loyalty Bonus Options, new Axiom shares under quotation (AVQNA) will convert to
the listing code AVQ.
This is what I was referring to
AVQ Price at posting:
14.0¢ Sentiment: None Disclosure: Not Held
