Microsoft Word - 03(a). ARE - ASX - Announcement re s708A Cleansing Statement.docx
24 March 2016
ASX Market Announcements ASX Limited
Exchange Centre 20 Bridge Street
SYDNEY NSW 2000
Dear Sir / Madam
Cleansing Notice
Pursuant to section 708AA(7) of the Corporations Act, Argonaut Resources NL provides notice of the following:
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Argonaut Resources NL will offer the New Shares for issue without disclosure to investors under Part 6D.2 of the Corporations Act.
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Argonaut Resources NL is providing this notice under section 708AA(2)(f) of the Corporations Act.
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As at the date of this notice, Argonaut Resources NL has complied with the:
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Provisions of Chapter 2M of the Corporations Act as they apply to Argonaut Resources NL; and
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Section 674 of the Corporations Act.
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As at the date of this notice there is no information that:
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Has been excluded from a continuous disclosure notice in accordance with the ASX Listing Rules; and
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Investors and their professional advisors would reasonably require for the purpose of making an informed assessment of the:
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Assets and liabilities, financial position and performance, profits and losses and prospects of Argonaut Resources NL; or
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Rights and liabilities attaching to the New Shares.
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If all shareholders take up their entitlement under the Rights Issue, the Rights Issue will have no effect on the control of Argonaut Resources NL. However, the proportional shareholdings of shareholders who are not residents in Australia or New Zealand may be diluted as those shareholders are not entitled to participate in the Rights Issue. Additionally, if an Eligible Shareholder does not take up their entitlement in full there may be a dilutionary effect on that shareholder's proportionate shareholding.
In the event of a shortfall, the directors of Argonaut Resources NL reserve the right to place the shortfall at their sole discretion. Acceptance of entitlements or the placement of any shortfall may also result in existing shareholders or new investors significantly increasing their interest in the Company or obtaining a substantial interest in the Company.
Argonaut Resources NL ABN 97 008 084848
Suite 4, Level 9, 341 George Street Sydney NSW 2000
Telephone 02 9299 9690 Facsimile 02 9299 9629
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However, the shortfall will only be placed to the extent that such placement is in compliance with the takeover provisions of the Corporations Act, which restrict a person and their associates from having a relevant interest in the Company of not more than 19.99%, subject to a number of exemptions.
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
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