Renounceable Rights Issue Prospectus
Perth, Oct 17, 2018 AEST (ABN Newswire) - White Cliff Minerals Ltd (
ASX:WCN) provides the Company's Renounceable Rights Issue Prospectus.
Rights Offer
For a renounceable pro rata offer of two (2) New Shares for every one (1) Share held by Eligible Shareholders registered at 5.00pm WST on the Record Date, at an issue price of $0.015 per New Share, with one free attaching New Option (exercisable at $0.045 each on or before 30 September 2020) for every New Share subscribed, to raise approximately $2,309,754 before costs (Rights Offer).
Shortfall Offer
For an offer to the public (including Eligible Shareholders) to subscribe for the shortfall to the Rights Offer, at an issue price of $0.015 per New Share, with one free attaching New Option (exercisable at $0.045 each on or before 30 September 2020) for every New Share subscribed (Shortfall Offer).
Underwriter Offer
For the offer to the Underwriter or its nominees to subscribe for 1,500,000 New Options (exercisable at $0.045 each on or before 30 September 2020), at an issue price of nil, and 4,000,000 New Shares in consideration of $60,000 of the fee for acting as Lead Manager pursuant to the terms of the Underwriting Agreement (Underwriter Offer).
Partial underwriting
The Rights Offer and Shortfall Offer are partially underwritten up to an amount of $500,000 on a conditional basis.
Offer Period
This Offers open on Thursday, 25 October 2018 and closes at 5.00pm WST on Thursday 8 November 2018. Valid acceptances must be received by the Closing Date.
To view the Prospectus, please visit:
http://abnnewswire.net/lnk/660T4165
To view Letters to Shareholders and Optionholders, please visit:
http://abnnewswire.net/lnk/M5K7S3MJ
Contact
Todd Hibberd
Managing Director
T: +61-8-9321-2233
E: info@wcminerals.com.au
W: www.wcminerals.com.au
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