not a bad result - raises $2.738m from holders

IMO a good result. Hopefully we can sell a few of these off to Black Swan and possibly some other parties to raise well over $3m.


NOTIFICATION OF SHORTFALL FROM RIGHTS ISSUE
ASX ANNOUNCEMENT
4 SEPTEMBER 2013
Reward Minerals Ltd (“Company”) confirms that the Company’s 1 for 3 nonrenounceable entitlements issue (“Rights Issue”) closed at 5:00pm WST on
29 August 2013.
The Company gives notice of shortfall of subscriptions for its Rights Issue as
follows:
a) The Company received acceptances for a total of 13,694,000 shares
and 6,847,000 attaching options raising $2,738,800;
b) The number of shares offered under the Rights Issue was 24,602,998
shares and 12,301,499 options resulting in a shortfall of 10,908,998
shares and 5,454,499 options (“Shortfall Shares and Options”).
The Company will seek to place the Shortfall Shares and attaching Options
through the Lead Manager, Black Swan Equities Limited on a best endeavour
basis.
The issue of the shares and options noted above under the Rights Issue will
occur on Friday, 6 September 2013.
It is anticipated that normal trading of the new shares and options will
commence on Monday, 9 September 2013.
Michael Ruane
Director