Share Purchase Plan
Sydney, June 14, 2012 AEST (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.
--------------------------------------------------------Indicative Dates--------------------------------------------------------Record Date 7 June 2012Announcement of the Share Purchase Plan 8 June 2012Documents mailed to Eligible Shareholders 14 June 2012Opening date for acceptances 14 June 2012Closing date for acceptances 11 July 2012Allotment and issue of New Shares 18 July 2012Quotation of New Shares on ASX 18 July 2012Dispatch 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
About ABx Group Limited
ABx Group Limited (ABx) (ASX:ABX) started as a bauxite miner in Tasmania in 2014 & controls the Eastern Australian Bauxite Province. In 2020 to 2023, ABx also discovered Australia’s only true ionic adsorption clay Rare Earth Elements resource at Deep Leads in pine plantations 40km west of Launceston with a JORC-compliant resource of 89 million tonnes from only 29% of the mineralised outline, averaging 844 ppm total rare earth oxides that is the most enriched in the critically important rare earths, Dy and Tb, of any Australian REE deposit.
ABx has also developed a proprietary technology to produce fluorine chemicals from an aluminium smelter waste product and return the fluorine back into the smelters, thus reducing reliance on imported aluminium fluoride.
ABx has committed a large proportion of its expenditure into Research and Development and has found ways to capitalise on the main strengths of its bauxite type which is very clean, free of all deleterious elements and can be separated into different product streams using physical, chemical and geophysical methods. It has produced and marketed specialist bauxite products for the manufacturers of fertiliser, cement with high late strength for major infrastructure such as bridges and is in the advanced stages of approvals for production of metallurgical bauxite from its Binjour Bauxite deposit with JORC-compliant resources of 37 million tonnes of bauxite, in a joint development with a Chinese-focussed Australian trading company Good Importing International.
ABx is also preparing to produce fertiliser grade and cement grade bauxite from its DL130 bauxite quarry in northern Tasmania, 40km west of Launceston. This quarry is sited in the middle of the large Deep Leads REE deposit and may one day be a site for heap leaching of the REE using a low-cost, benign leachate with the same acidity as apple juice or tea.
ABx endorses best practices on agricultural land, strives to leave land and environment better than we find it. We only operate where welcomed.
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