ASX ANNOUNCEMENT 23 June 2015
$200,000 Share Purchase Plan (SPP)
to be offered to eligible shareholders
HIGHLIGHTS
• Marmota to undertake a $200,000 Share Purchase Plan (SPP)
• Will provide shareholders with the opportunity to participate at a 5%
discount to price offered to sophisticated investors
• Proceeds towards new Gold Exploration Program and working capital
Marmota Energy Limited (ASX code: MEU) ("Marmota" or the "Company") is pleased to advise that a Share Purchase Plan ("SPP") is to be offered to eligible shareholders. Last month, on 18 May 2015, the Company successfully raised $200,000 at a price of 1c per share in an equity placement to sophisticated and professional investors ("Placement"). The new SPP announced today is designed to allow ordinary shareholders to also subscribe to shares -- and at a price
5% lower than that offered to sophisticated investors. The SPP will help fund the Company's new Gold Exploration program (details of which will shortly be announced) and provide general working capital.
Dr Colin Rose, Chairman of Marmota, said:
" The SPP offers fellow eligible ordinary shareholders the opportunity to purchase shares in the new Marmota at the same 1c price as the recent successful Placement to sophisticated investors on 18 May, with an EXTRA 5% discount as a special thank you for being an existing shareholder … i.e. a price of 0.95c per share (without any brokerage or transactions costs). Please note that this is a very small raising, and offers may be scaled back. "
SPP Details
Marmota will make an offer of shares to eligible shareholders via a SPP to raise $200,000. The record date to be eligible to participate in the share purchase plan is 22 June 2015. The SPP is not underwritten. If fully subscribed, the SPP will result in the issue of 21,052,632 new shares.
Eligible shareholders will be given the opportunity to acquire shares to the value of A$1000, A$2500, A$5000, A$7500, A$10000, or A$15000. No shareholder may purchase more than
$15,000 worth of shares under the SPP.
SPP Important Dates
Record date
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22 June 2015
|
|
Offer OPENS
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29 June 2015
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Offer CLOSES
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10 July 2015
|
|
Allotment date
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21 July 2015
|
N.B. This timetable is indicative only and Marmota may, at its discretion and subject to
the Listing Rules, vary any of the above dates by sending a revised timetable to the ASX.
Documents relating to the SPP will be posted shortly to eligible shareholders.
For further information, please contact:
Marmota Energy Limited
David Williams Managing Director
Email: [email protected]
Level 30, Westpac House
91 King William Street
Adelaide SA 5000
ABN: 38 119 270 816
T: (61 8) 7088 4883
F: (61 8) 7088 4884 www.marmotaenergy.com.au
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