2 February 2011
ABN 69 009 196 810
(Incorporated in Western Australia)
Level 2, 30 Richardson Street
West Perth, WA 6005
PO Box 1786, West Perth WA 6872
T +61 8 9321 9886 F +61 8 9321 8161
30 June 2015
ASX Limited
Company Announcements
Level 4, 20 Bridge Street
SYDNEY NSW 2000
Dear Sir/Madam
SHARE PLACEMENT INFORMATION - LISTING RULE 3.10.5A
Sun Resources NL ("the Company") (ASX: SUR) provides additional information on the placement of ordinary shares issued on 29 June 2015 pursuant to the Company's additional 10% placement capacity under ASX Listing Rule 7.1A.
As such, the Company provides the information below under Listing Rule 3.10.5A:
a) The Company issued 255,369,890 shares under ASX Listing Rule 7.1A which resulted in the following dilution to existing shareholders:
|
Number of shares on issue 12 months before the issue date
|
3,162,117,403
|
|
Shares issued under ASX Listing Rule 7.1A
|
255,369,890
|
|
Percentage of voting dilution to existing shareholders as a result of the shares issued pursuant to the Placement
|
8.1%
|
Further details of the approximate percentage of the issued capital post 7.1A placement held by the pre-placement security holders and new security holders are as follows:
Percentage of pre-placement security holders who did not
participate in the 7.1A placement 98%
Percentage of pre-placement security holders who did
participate in the 7.1A placement 2%
Percentage of participants in the 7.1A placement who
were not previous security holders 82%
b) The Company issued the shares as a placement under ASX Listing Rule 7.1A as it considered that this was the most efficient and timely method to raise the funds required to achieve its stated objectives.
c) The Company confirms that there was no underwriter in respect of the placement.
d) The fee payable by the Company in connection with the placement comprised a cash fee of
6% of the funds raised.
www.sunres.com.au
Yours faithfully
SUN RESOURCES NL
Craig Basson
Company Secretary
www.sunres.com.au