Microsoft Word - 01(a). ARE - ASX - Announcement re Rights Issue Offer Doc and related docs.docx
24 March 2016
ASX Market Announcements Level 6, Exchange Centre 20 Bridge Street
Sydney NSW 2000
Dear Sir/Madam
Non-Renounceable Rights Issue Offer Document and related documentation
Argonaut Resources NL (the Company) is pleased to announce a fully-underwritten non-renounceable rights issue (Rights Issue) of one (1) fully paid ordinary share (New Share) for every six (6) fully paid ordinary shares held by eligible shareholders on 01 April 2016 (Offer).
Pursuant to the Rights Issue, the Company will issue up to 92,448,617 New Shares at a price of $0.012 (1.2c) per share in order to raise approximately A$1,109,383 before costs.
Shareholders who are eligible to participate in the Rights Issue are those persons who:
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Are registered as a Shareholder of the Company as at 7.00pm (Sydney time) on 01 April 2016; and
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Have a registered address in Australia, New Zealand, Hong Kong or Singapore.
It is proposed that the funds raised from the Offer will be applied for the purposes of providing additional working capital to the Company to fund its existing projects.
The Offer is being underwritten by Taylor Collison Limited, who is also the lead manager to place any shortfall shares within 3 months of the close of the Rights Issue.
A copy of the attached Offer Document will be mailed to all eligible shareholders on or around 04 April 2016. Also being released are the following documents:
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Letter to shareholders, to be mailed on or around 24 March 2016;
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Cleansing Notice pursuant to section 708AA(7) of the Corporations Act; and
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Appendix 3B. Yours faithfully,
Andrew Bursill Company Secretary Argonaut Resources NL
Argonaut Resources NL ABN 97 008 084 848
Suite 4, Level 9, 341 George Street, Sydney, NSW 2000
Telephone 02 9299 9690 Facsimile 02 9299 9629 www.argonaut.com