Great Results:
ASX ANNOUNCEMENT 23 June 2020Results of the Non-Renounceable Rights Issue• Subscriptions received for Non-renounceable rights issue raising $1,597,205• Shortfall of $333,043 allocated by the Board• Significant support from shareholders in an extremely challenging marketPaterson Resources Limited (ASX: PSL) (Paterson or the Company) is pleased to advise that the non- renounceable pro-rata rights issue to eligible shareholders announced to the ASX on Friday 22 May 2020 (Entitlement Offer) closed on 19 June 2020.The Company has received valid applications for 1,597,205,980 new shares from existing eligible shareholders, to raise a total of $1,597,205.98, comprised of the following:Entitlements taken up 646,565,164 Shortfall shares subscribed for by eligible holders 950,640,816Eligible shareholders who validly applied for shortfall shares will receive their applications in full.The new shares are expected to be issued to eligible shareholders on Friday, 26 June 2020 in accordance with the timetable outlined in the announcement lodged with ASX on 5 June 2020. The Company advises that the Shortfall Offer is for a total of 333,042,676 shares (Shortfall Offer Shares).The Directors of the Company have allocated the remaining Shortfall Offer Shares in accordance with the shortfall allocation policy set out in section 1.2 of the Company's Prospectus dated 22 May 2020.
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Open | High | Low | Value | Volume |
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2 | 231055 | 0.011 |
2 | 450403 | 0.010 |
1 | 333440 | 0.009 |
2 | 695000 | 0.008 |
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0.021 | 100000 | 1 |
0.022 | 150000 | 1 |
0.024 | 213102 | 2 |
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