28th Feb 2008 07:00
Albidon Limited28 February 2008 ALBIDON LIMITED LEVEL 1 62 COLIN ST WEST PERTH 6005 WESTERN AUSTRALIA ARBN 107 288 755 TEL: +61 8 9211 4600 FAX: +61 8 9211 4699 EMAIL:[email protected] ASX CODE: ALB AIM CODE: ALD 28 February 2008 via electronic lodgement US$15 MILLION PLACEMENT WITH JINCHUAN GROUP LIMITED Further to the announcement of the placement to Jinchuan Group and ZCCM-IH on 14December 2007, the Company is pleased to announce it has completed the finalissue of 5,084,746 shares at AU$3.35/US$2.95 cents each to the Jinchuan Group toraise US$15 million (AU$17m). The funds raised will be used to help fund thedevelopment of the Munali Nickel Project in Zambia and will also ensure Albidonretains sufficient funds for exploration, increased drilling and businessdevelopment activities. By order of the BoardAlbidon Limited If you have any queries please contact the CFO, Nicholas Day on +61 8 9211 4600. Albidon's nominated adviser is RFC Corporate Finance Ltd, contact Stephen Allen+61 8 9480 2500. Additional information may also be viewed on Albidon's website atwww.albidon.com. SECONDARY TRADING NOTICE(for the Australian Stock Exchange "ASX") In respect to the issue of the 5,084,746 shares and pursuant to Section 708A(5)(e) of the Corporations Act 2001 (the Act) the Company advises that the Actrestricts the on-sale of securities issued without disclosure, unless the saleis exempt under the section 708 or 708A. By the Company giving this notice, asale of the Securities noted above will fall within the exemption in section708A(5) of the Act. The Company hereby notifies ASX under paragraph 708A(5)(e) of the Act that: a) the Company issued the Securities without disclosure to investors underPart 6D.2 of the Act; b) as at 28 February 2008 the Company has complied with the provisions ofChapter 2M of the Act as they apply to the Company, and section 674 of the Act;and c) as at 28 February 2008 there is no information: i) that has been excluded from a continuous disclosure notice inaccordance with the ASX Listing Rules; and ii) that investors and their professional advisers would reasonablyrequire for the purpose of making an informed assessment of: (1) the assets and liabilities, financial position and performance, profitsand losses and prospects of the Company; or (2) the rights and liabilities attaching to the Securities. By order of the Board Albidon Limited Rule 2.7, 3.10.3, 3.10.4, 3.10.5 Appendix 3B New issue announcement, application for quotation of additional securities and agreement Information or documents not available now must be given to ASX as soon asavailable. Information and documents given to ASX become ASX's property and maybe made public. Introduced 1/7/96. Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/2001, 11/3/2002, 1/1/2003. Name of entityAlbidon Limited ARBN107 288 755 We (the entity) give ASX the following information. Part 1 - All issues You must complete the relevant sections (attach sheets if there is not enoughspace). 1 +Class of +securities issued or to be Ordinary Shares issued 2 Number of +securities issued or to be 5,084,746 Ordinary Shares issued (if known) or maximum number which may be issued 3 Principal terms of the +securities (eg, Ordinary Fully Paid Shares if options, exercise price and expiry date; if partly paid +securities, the amount outstanding and due dates for payment; if +convertible securities, the conversion price and dates for conversion) 4 Do the +securities rank equally in Yes all respects from the date of allotment with an existing +class of quoted +securities? If the additional securities do not rank equally, please state: • the date from which they do • the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment • the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment 5 Issue price or consideration US$2.95 cents per share Purpose of the issue The funds raised will be used to help fund the development of the Munali Nickel Project in Zambia and will also ensure6 (If issued as consideration for the Albidon retains sufficient funds for exploration, increased acquisition of assets, clearly drilling activities and business development activities. identify those assets) 7 Dates of entering +securities into 28 February 2008 uncertificated holdings or despatch of certificates Number8 Number and +class of all 164,642,469 Ordinary Shares +securities quoted on ASX (including the securities in clause 2 if applicable) Number9 Number and +class of all +securities not quoted on ASX Number Class Exercise Expiry (including the securities in clause 56,100 Options $AUD 0.60 30/6/08 2 if applicable) 150,000 Options $AUD 0.75 30/6/08 1,200,000 Options $AUD 0.75 1/12/08 500,000 Options $AUD 1.05 30/6/09 750,000 Options $AUD 2.60 20/05/10 1,200,000 Options $AUD2.10 27/02/10 150,000 Options $AUD1.70 01/12/09 250,000 Options $AUD3.14 12/07/10 200,000 Options $AUD2.80 12/07/10 300,000 Options $AUD2.97 12/07/10 600,000 Options $AUD2.23 01/09/10 400,000 Options $AUD3.22 1/12/11 295,000 Options $AUD3.22 1/11/09 350,000 Options $AUD2.88 30/12/10 100,000 Options $AUD2.97 30/12/10 400,000 Options $AUD2.81 01/02/11 100,000 Options $AUD3.25 01/02/11 10 Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests) The Company does not have a dividend policy Part 2 - Bonus issue or pro rata issue 11 Is security holder approval required? N/A 12 Is the issue renounceable or N/A non-renounceable? 13 Ratio in which the +securities will be N/A offered 14 +Class of +securities to which the N/A offer relates 15 +Record date to determine entitlements N/A 16 Will holdings on different registers N/A (or subregisters) be aggregated for calculating entitlements? 17 Policy for deciding entitlements in N/A relation to fractions 18 Names of countries in which the entity N/A has +security holders who will not be sent new issue documents Note: Security holders must be told how their entitlements are to be dealt with. Cross reference: rule 7.7. 19 Closing date for receipt of acceptances N/A or renunciations 20 Names of any underwriters N/A 21 Amount of any underwriting fee or N/A commission 22 Names of any brokers to the issue N/A 23 Fee or commission payable to the N/A broker to the issue 24 Amount of any handling fee payable to N/A brokers who lodge acceptances or renunciations on behalf of +security holders 25 If the issue is contingent on +security N/A holders' approval, the date of the meeting 26 Date entitlement and acceptance form N/A and prospectus or Product Disclosure Statement will be sent to persons entitled 27 If the entity has issued options, and N/A the terms entitle option holders to participate on exercise, the date on which notices will be sent to option holders 28 Date rights trading will begin (if N/A applicable) 29 Date rights trading will end (if N/A applicable) 30 How do +security holders sell their N/A entitlements in full through a broker? 31 How do +security holders sell part of N/A their entitlements through a broker and accept for the balance? 32 How do +security holders dispose of N/A their entitlements (except by sale through a broker)? 33 +Despatch date N/A Part 3 - Quotation of securities You need only complete this section if you are applying for quotation ofsecurities 34 Type of securities (tick one) (a) FORMCHECKBOX Securities described in Part 1 (b) FORMCHECKBOX All other securities Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities Entities that have ticked box 34(a) Additional securities forming a new class of securities Tick to indicate you are providing the informationor documents 35 FORMCHECKBOX If the +securities are +equity securities, the names of the 20 largest holders of the additional +securities, and the number and percentage of additional +securities held by those holders 36 FORMCHECKBOX If the +securities are +equity securities, a distribution schedule of the additional +securities setting out the number of holders in the categories 1 - 1,000 1,001 - 5,000 5,001 - 10,000 10,001 - 100,000 100,001 and over 37 FORMCHECKBOX A copy of any trust deed for the additional +securities Entities that have ticked box 34(b) 38 Number of securities for which N/A +quotation is sought 39 Class of +securities for which N/A quotation is sought 40 Do the +securities rank equally in all N/A respects from the date of allotment with an existing +class of quoted +securities? If the additional securities do not rank equally, please state: • the date from which they do • the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment • the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment 41 Reason for request for quotation now N/A Example: In the case of restricted securities, end of restriction period (if issued upon conversion of another security, clearly identify that other security) Number42 Number and +class of all +securities N/A quoted on ASX (including the securities in clause 38) All entities Fees 43 Payment method (tick one) FORMCHECKBOX Cheque attached FORMCHECKBOX Electronic payment made Note: Payment may be made electronically if Appendix 3B is given to ASX electronically at the same time. FORMCHECKBOX Periodic payment as agreed with the home branch has been arranged Note: Arrangements can be made for employee incentive schemes that involve frequent issues of securities. Quotation agreement 1 +Quotation of our additional +securities is in ASX's absolutediscretion. ASX may quote the +securities on any conditions it decides. 2 We warrant the following to ASX. • The issue of the +securities to be quoted complies with the law andis not for an illegal purpose. • There is no reason why those +securities should not be granted+quotation. • An offer of the +securities for sale within 12 months after theirissue will not require disclosure under section 707(3) or section 1012C(6) ofthe Corporations Act. Note: An entity may need to obtain appropriate warranties from subscribers forthe securities in order to be able to give this warranty • Section 724 or section 1016E of the Corporations Act does not applyto any applications received by us in relation to any +securities to be quotedand that no-one has any right to return any +securities to be quoted undersections 737, 738 or 1016F of the Corporations Act at the time that we requestthat the +securities be quoted. • We warrant that if confirmation is required under section 1017F ofthe Corporations Act in relation to the +securities to be quoted, it has beenprovided at the time that we request that the +securities be quoted. • If we are a trust, we warrant that no person has the right to returnthe +securities to be quoted under section 1019B of the Corporations Act at thetime that we request that the +securities be quoted. 3 We will indemnify ASX to the fullest extent permitted by law inrespect of any claim, action or expense arising from or connected with anybreach of the warranties in this agreement. 4 We give ASX the information and documents required by this form. Ifany information or document not available now, will give it to ASX before+quotation of the +securities begins. We acknowledge that ASX is relying on theinformation and documents. We warrant that they are (will be) true andcomplete. Sign here: Date: 28 February 2008 Company SecretaryPrint name: Nicholas Day == == == == == This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
ALD.L