Well I am pleased to say with some comfort that in addition to achieving the minimum subscription funds of $15 million in binding commitments and we expect to achieve over the minimum shareholder requirement. Both will be an excellent result, we are in the home stretch.
Since we are closing very soon, this is just a reminder for all those late comers that it would now be best to do electronic transfer and fax or e-mail your applications directly to Cape rather than through the mail.
Thank you for your support and we look forward to advising you of what the final numbers are after the close of the IPO and the expected listing date.
For those who have read the prospectus and would like to become an applicant we recommend (due to slow turn around of mail) you follow the following instructions:-
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3 Easy steps to subscribe for shares and save your time:
1) Direct Debit to Cape Bank Account:
Account Name: Cape Alumina Limited
Bank Name: Westpac
BSB number: 034 ? 002
Acc number: 17-2776
Ref: (first name and surname ? total amount) eg: Tom Arthur-$2000.00
2) Fax a copy of your fund transfer receipt and application form(s) to Cape Alumina Limited on 07 3221 2204
3) Send your original application form to
Cape Alumina Ltd
GPO BOX 122 Brisbane QLD 4001
T: 07 3229 3644
F: 07 3221 2204
Any problems please contact Cape Alumina Limited on 07 3229 3644.
Best regards
Andrew Gillies
Managing Director
Metallica Minerals Ltd
1 Potts Street
East Brisbane QLD 4169
GPO Box 122, Brisbane QLD 4001
T + 61 7 3891 9611
F + 61 7 3891 9199
M 0416 137 556 (International +61 416 137 556)
www.metallicaminerals.com.au
METALLICA MINERALS LIMITED
1 December 2008
CAPE ALUMINA LIMITED IPO UPDATE
? ACHIEVES $15 MILLION MINIMUM SUBSCRIPTION
? IPO CLOSING DATE EXTENDED TO 5 DECEMBER 2008
Leading pure-play bauxite exploration company, Cape Alumina Limited, which is approximately 40% owned by ASX Listed Metallica Minerals Limited (ASX-MLM), has now received legally binding commitments to its IPO guaranteeing a minimum $15 million from new and existing shareholders.
The Company is pleased with the IPO response, which has already satisfied the minimum capital raising conditions.
Cape Alumina has also made significant progress towards meeting the Australian Securities Exchange requirement that there be at least 400 shareholders holding marketable parcels of shares in the Company.
Due to delays in printing and distributing the prospectus, many people interested in investing in the IPO have had insufficient time to receive and lodge their applications.
The Company has therefore filed a Supplementary Prospectus with ASIC to extend the Prospectus closing date until 5 December 2008, and is confident that it will have in excess of 400 shareholder applications by this date.
The planned ASX listing of Cape Alumina (CBX) is mid December 2008.
The Cape Alumina offer is being made pursuant to a Replacement Prospectus dated 07 November 2008 and a Supplementary Prospectus dated 28 November 2008, which is available free of charge by contacting Cape Alumina on +617 3229 3644, by email to info@capealumina.com.au or by downloading from Cape Alumina's website at www.capealumina.com.au. Prior to making an investment decision you should consider the Prospectus carefully.
If you want to acquire Cape Alumina shares you will need to complete the Prospectus application form accompanying the Prospectus. The minimum subscription is $2,000. Cape Alumina Limited is seeking Metallica investor support to achieve the minimum shareholder spread.
About Cape Alumina and Pisolite Hills Bauxite Project
Cape Alumina is a Brisbane-based, Cape York-focused emerging bauxite company. Cape Alumina has international support from Chinese alumina majors including Xinfa, one of China?s largest aluminium and alumina producers. Cape Alumina is evaluating the development of the 7Mtpa Pisolite Hills project and plans to complete an Indigenous Land Use Agreement, Environmental Impact Study and Bankable Feasibility Study in 2009 with permits and approvals in 2010. Subject to positive results, finance and construction between 2011 and 2012, production is planned to commence 2012/13.
For further enquiries please contact |
|
Mr John Haley Mr John Field
Chief Financial Officer & Company Secretary Field Public Relations
Ph: (07) 3891 9611, Mob: 0402 159 540 Ph: (08) 8234 9555, Mob: 0418 819 527