STONEHENGE METALS LIMITED ASX Code: SHE
Stonehenge Metals Limited (Stonehenge, or the Company) is pleased to advise that CPS Capital Group (CPS) has been engaged as lead manager (Lead Manager) to the upcoming public offer as detailed below. The Company can also confirm that CPS has received expressions of interest to date for $1.5 million of the minimum raising amount of $2.5 million, including from a US-based fund manager and an existing substantial shareholder (Public Offer).
On 30 October 2015 the Company dispatched a notice of annual general meeting to shareholders to seek approval to, amongst other matters, raise $2.5 million, with oversubscriptions up to a total of $5 million, via a public offer under a prospectus at a subscription price of 2.5¢ per share with a one-for-one free attaching option with an exercise price of 3.75¢ per share. The Public Offer will give preference to existing shareholders who hold at least 50,000 shares on the record date of 30 November 2015.
An indicative timetable for completion of the Public Offer (subject to change) is set out below.
Event | Date |
Notice of meeting dispatched to Shareholders | 30 October 2015 |
Lodgement of Prospectus for Public Offer | 16 November 2015 |
Suspension of SHE Securities from trading on ASX at opening of trading | 30 November 2015 |
Annual General Meeting to approve change of nature of activities & other matters | 30 November 2015 |
ASX informed of Shareholder approvals | 30 November 2015 |
Opening Date of the Offers | 23 November 2015 |
Closing Date for Public & Priority Offer | 14 December 2015 |
Allotment of New Shares | 17 December 2015 |
Anticipated date of re-admission to trading of Shares on ASX | 29 December 2015 |
For further information see www.stonehengemetals.com.au, or www.proteanwaveenergy.com or contact:
T: + 61 8 9481 2276
E: blane@stonehengemetals.com.au
Media Queries: Fran Foo - Media & Capital PartnersT: +61 416 302 719
E: fran.foo@mcpartners.com.au
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