pilelight
The Manager
ASX Companies Announcements
Australian Securities Exchange
PLACEMENT AND NON-RENOUNCEABLE RIGHTS ISSUE ANNOUNC
ED WITH PARTIAL
UNDERWRITING SECURED
UXA Resources Limited (ASX:UXA) wishes to advise th
at it intends to undertake a:
placement of 61.9 million shares with free attachi
ng shares options to raise $92,909
Placement: a 1 for 1 non-renounceable rights issue with free
attaching share options to raise $1.3million
(assuming full subscription)
The Rights Issue will be undertaken at a price of $
0.0015 per share and will be offered to all eligibl
e shareholders as at the Record Date, which will be a
nnounced with full details to all shareholders
shortly. Successful applicants will receive one fre
e Option for each share subscribed under the Rights
Issue. The Rights Issue will be partially underwri
tten by Patersons Securities Limited, up to $770,00
0,
and is expected to raise $1.3million (assuming full
subscription). Funds raised will be used for
exploration, working capital and the costs of the R
ights Issue.
Options issued under the Placement and Rights Issue
will have a strike price of $0.002 and an expiry
date of 2 years from the date of issue of the accom
panying share.
UXA released its Annual Report to the market on 11
February 2013 and at the same time sought the
lifting of the suspension from trading of UXA share
s. That request is currently being considered by AS
X.
One of the primary conditions of the partial underw
riting by Patersons Securities Limited is that the
suspension from trading be lifted. UXA is working w
ith ASX to enable this to happen and will keep the
market informed in relation to this matter on the p
roposed date for the lodging of the prospectus in
respect of the Placement, Rights Issue and Cleansin
g Issue.
Dollar_Dazzler
Heres to getting out of debt and back on the Market. Been off line too long tying up my capital. :x
Dollar_Dazzler
yes?
