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Sydney, June 14, 2012 (ABN Newswire) - Australian Bauxite Limited (ABx) (
ASX:ABZ) announced a Share Purchase Plan (SPP) offering eligible shareholders the opportunity to purchase shares in ABx without brokerage or other related charges.
Shareholders can purchase for $0.39 per share, which is the same price paid by brokers and professional investors in the recently completed placement.
Participation in the Offer is optional and is open to Eligible Shareholders who were holders of Shares in ABx at 5.00 pm (EST) on 7 June 2012 and whose registered address is in Australia or New Zealand.
Shareholders can purchase shares totalling up to $15,000.
Funds raised through the SPP will be used to progress the company's drilling and development programs and to provide working capital.
Shares issued under the SPP will rank equally with existing shares.
For the full ABx Share Purchase Plan, please click the following link below:
http://media.abnnewswire.net/media/en/docs/ASX-ABZ-682265.pdf
ASX:ABZ) announced a Share Purchase Plan (SPP) offering eligible shareholders the opportunity to purchase shares in ABx without brokerage or other related charges.Shareholders can purchase for $0.39 per share, which is the same price paid by brokers and professional investors in the recently completed placement.
Participation in the Offer is optional and is open to Eligible Shareholders who were holders of Shares in ABx at 5.00 pm (EST) on 7 June 2012 and whose registered address is in Australia or New Zealand.
Shareholders can purchase shares totalling up to $15,000.
Funds raised through the SPP will be used to progress the company's drilling and development programs and to provide working capital.
Shares issued under the SPP will rank equally with existing shares.
-------------------------------------------------------- Indicative Dates -------------------------------------------------------- Record Date 7 June 2012 Announcement of the Share Purchase Plan 8 June 2012 Documents mailed to Eligible Shareholders 14 June 2012 Opening date for acceptances 14 June 2012 Closing date for acceptances 11 July 2012 Allotment and issue of New Shares 18 July 2012 Quotation of New Shares on ASX 18 July 2012 Dispatch of shareholder statements 20 July 2012 --------------------------------------------------------Full details of the SPP and Application Forms have been sent to all eligible shareholders, copies of which are attached.
For the full ABx Share Purchase Plan, please click the following link below:
http://media.abnnewswire.net/media/en/docs/ASX-ABZ-682265.pdf
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About Australian Bauxite Limited
Australian Bauxite Limited (ABx) (ASX:ABZ) holds the core of the newly discovered Eastern Australian Bauxite Province. Its 37 bauxite tenements in Queensland, NSW and Tasmania covering 8,500 km2 were rigorously selected on 3 principles: 1. good quality bauxite; 2. proximity to infrastructure connected to export ports; and, 3. free of socio-environmental or native title land constraints.
All tenements are 100% owned and free of obligations for processing and third-party royalties. ABx has already discovered many bauxite deposits and new discoveries are still being made as knowledge and expertise grows.
The company's bauxite is high quality and can be processed into alumina at low temperature – the type that is in short-supply globally. Global resources declared to date are 68 million tonnes. At the company's first drilling prospect in Inverell, northern NSW, an interim resource of 35 million tonnes has been reported from drilling 15% to 20% of the area prospective for bauxite and a resource of 25 million tonnes of bauxite has been reported at the Taralga project in southern NSW. 6 million tonnes maiden resource was declared at Guyra. Results from the Binjour Plateau in central QLD confirm that ABx has discovered a significant bauxite deposit including some bauxite of outstandingly high quality. Australian Bauxite Limited aspires to identify large bauxite resources in the Eastern Australian Bauxite Province which is emerging as one of the world's best bauxite provinces.
ABx has the potential to create significant bauxite developments in three states - Queensland, New South Wales and Tasmania. Its bauxite deposits are favourably located for direct shipping of bauxite to both local and export customers.
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>>>        Australian Bauxite Limited |
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Related Industry Topics: |
Financial General | Mining | Bauxite | |
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