Apex Minerals NL (ASX: AXM)
ASX ANNOUNCEMENT 23 June 2009
$14million Non-Renounceable Rights Issue
Apex Minerals NL (ASX: AXM) announces that its non-renounceable Rights Issue announced on 18th May 2009 closed on 18th June 2009. Under the terms of the Rights Issue announced last month, shareholders were offered to subscribe for 2 new shares for every 15 held with 70,969,369 new shares to be issued at a subscription price of 20 cents per share to raise approximately $13 million (net of expenses). Shareholders have taken up 23,521,106 of the shares offered under the Rights Issue.
Legend Mining Ltd will take up 15,000,000 shares ($3 million) as part of its agreement to sub-underwrite a portion of the Rights Issue with the remaining 32,448,263 million shares will be taken up by Azure Capital and its other appointed sub-underwriters pursuant to the terms of the underwriting agreement previously announced.
Apex?s two largest shareholders, respected explorer Mark Creasy (7.6%) and Bakersteel Capital Managers (6.03%) have confirmed to Apex that they have taken up their full entitlement to the Rights Issue.
The shares will be issued on or about 26th June 2009, with holding statements to be despatched on the same day.
Mark Ashley
CEO and Managing Director
For further information:
Mark Ashley, Managing Director, Apex Minerals NL
Contact: Office ? +61 (0)8 6311 5555 Mobile ? +61 (0)411470104
Paul Armstrong / Nicholas Read, Read Corporate
Contact: Office ? +61(0)8 9388 1474 Mobile ? +61 (0) 421 619 084
READ CORPORATE
Public Relations Corporate Communications
T: (+61-8) 9388-1474 | F: (+61-8) 9388-1472 | E: info@readcorporate.com.au | Web: www.readcorporate.com.au
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