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- Release Date: 30/05/14 11:46
- Summary: RIGHT: BRL: Joint Cleansing Notice and Offer Document
- Price Sensitive: No
- Download Document 3.29KB
BRL
30/05/2014 09:46
RIGHT
REL: 0946 HRS Bathurst Resources Limited
RIGHT: BRL: Joint Cleansing Notice and Offer Document
Notice under section 708AA(2)(f) of the Corporations Act 2001 (Cth) and
Clause 17 of Schedule 1 of the Financial Markets Conduct (Phase 1)
Regulations 2014
Not for release or distribution in the United States
1. This notice is given by Bathurst Resources Limited ARBN 164 306 905 (a
company registered in New Zealand with company number 4382538) (Company)
under:
(a) section 708AA(2)(f) of the Corporations Act 2001 (Cth) as modified by
Australian Securities and Investments Commission Class Order [CO 08/35]
(Corporations Act); and
(b) Clause 17 of Schedule 1 of the Financial Markets Conduct (Phase 1)
Regulations 2014 (FMC Regulations).
2. The Company has announced a pro rata non-renounceable entitlement offer
(Offer) to eligible shareholders of 1 new fully paid ordinary share (Share)
for every 23 existing Shares held by those holders on the record date of 7pm
(New Zealand time) on 10 June 2014.
3. For the purposes of section 708AA(7) of the Corporations Act, the Company
gives notice that:
(a) the Shares will be offered for issue without disclosure to investors
under Part 6D.2 of the Corporations Act;
(b) this notice is being given under section 708AA(2)(f) of the Corporations
Act;
(c) as at the date of this notice, the Company has complied with:
(i) the provisions of Chapter 2M of the Corporations Act as they apply to the
Company; and
(ii) section 674 of the Corporations Act; and
(d) as at the date of this notice, there is no excluded information of the
type referred to in sections 708AA(8) and 708AA(9) of the Corporations Act;
and
(e) the potential effect the Offer will have on the control of the Company,
and the consequences of that effect will depend on a number of factors,
including investor demand and existing shareholdings. However, given the
structure of the Offer as a pro rata issue and the current level of holdings
of substantial holders (based on substantial holding notices that have been
given to the Company and lodged with ASX Limited (ASX) on or prior to the
date of this notice), the Offer is not expected to have any material effect
or consequences on the control of the Company.
4. For the purposes of Clause 17(1)(a) of Schedule 1 of the FMC Regulations,
the Company gives notice that:
(a) the Offer is being made in reliance upon the exclusion in clause 19 of
Schedule 1 of the Financial Markets Conduct Act (FMCA)
(b) as at the date of this notice, the Company is in compliance with:
(i) the continuous disclosure obligations that apply to it in relation to the
Company's listed shares;
(ii) its "financial reporting obligations" within the meaning set out in
clause 17(4) of Schedule 1 of the FMC Regulations
(c) As at the date of this notice, there is no information that is "excluded
information" within the meaning set out in clause 17(4) of Schedule 1 of the
FMC Regulations;
(d) The potential effects that the Offer and acquisition of new shares will
have on the "control" (within the meaning of clause 48 of Schedule 1 of the
FMCA) of the Company are described in paragraph 3(e) above.
5. Further detail regarding the Offer is set out in the offer booklet given
to NZX and ASX by the Company on the date of this notice.
End CA:00251057 For:BRL Type:RIGHT Time:2014-05-30 09:46:43
