SVG 0.00% 1.9¢ savannah goldfields limited

1 Level 21 Matisse Tower, 110 Mary St, Brisbane QLD 4000 GPO Box...

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    Level 21 Matisse Tower, 110 Mary St, Brisbane QLD 4000
    GPO Box 1164, Brisbane QLD 4001
    Telephone: 07 3108 3500
    ABN: 75 003 049 714
    [email protected]
    www.lanewayresources.com.au
    ASX Code: LNY
    ASX Announcement
    15 March 2022
    Capital Raising Program Update
    Fully Underwritten Entitlement Offer Launched
    Highlights:
    Launch of a pro-rata accelerated non-renounceable entitlement offer of ordinary shares to
    existing shareholders on a 1 for 3 entitlement basis at an issue price of 0.5c per share to raise
    approximately $7.9 million (Entitlement Offer).
    For every two (2) New Shares issued to a holder as part of their subscriptions under the
    Entitlement Offer, the holder will also receive one (1) attaching option exercisable at 0.8 cents
    and expiring 30 September 2022 (New Option). The Company intends to apply to the ASX for
    quotation of the New Options.
 
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