10th Jul 2014 07:00
10 July 2014
| AIM/ASX Code: WHE
|
DESPATCH OF PROSPECTUS |
AIM and ASX listed Wildhorse Energy ('WHE' or 'the Company') is pleased to announce that is has today despatched a rights issue prospectus to shareholders as announced on 30 June 2014, in relation to a proposed pro rata non-renounceable rights issue to raise up to approximately Aus$1.435 million (before costs). The funds raised will be used as general working capital to further the Company's existing projects and also to identify and evaluate additional uranium and other resource projects.
The funds are expected to be utilised as follows:
Proceeds of the Offer | Assuming Full Subscription |
Maintenance of Exploration Licence | $350,000 |
Examination of possible additional projects including due diligence review | $200,000 |
Government joint venture negotiations in respect of the Uranium project | $200,000 |
Working Capital (including administration, registry fees, ASX and AIM fees, salaries) | $642,253 |
Expenses of the Offer | $42,747 |
Total | $1,435,000 |
The Offer to shareholders is one (1) fully paid ordinary share ('Share') in the capital of the Company for every two (2) shares held by shareholders who were on the Company's register as at 5.00pm (WST) on 7 July 2014. The Offer is not underwritten.
The timetable remains as set out in the announcement of 30 June 2014:
Event | Date |
Lodgement of Prospectus with the ASIC | Monday, 30 June 2014 |
Lodgement of Prospectus & Appendix 3B with ASX | Monday, 30 June 2014 |
Notice to Optionholders | Monday, 30 June 2014 |
Notice sent to Shareholders and Depositary Interest Holders (CREST Participants) | Wednesday, 2 July 2014 |
Ex-date | Thursday, 3 July 2014 |
Record Date for determining Entitlements | Monday, 7 July 2014 |
Prospectus despatched to Shareholders & Company announces despatch has been completed | Thursday, 10 July 2014 |
Last day to extend the offer closing date | Monday, 21 July 2014 |
Closing Date** | Thursday, 24 July 2014 |
Securities quoted on a deferred settlement basis | Friday, 25 July 2014 |
ASX notified of under subscriptions | Tuesday, 29 July 2014 |
Issue date/Shares entered into Shareholders' security holdings | Thursday, 31 July 2014 |
Quotation of Securities issued under the Offer and admission of Shares to trading on AIM | Friday, 1 August 2014 |
**ENDS**
For further information please visit www.wildhorse.com.au or contact:
Matt Swinney | Wildhorse Energy Limited | Tel: +44 (0)207 292 9110 |
Colin Aaronson/Jen Clarke | Grant Thornton UK LLP | Tel: +44 (0)207 383 5100 |
Related Shares:
SO4.L