Microsoft Word - ASX 24 February 2015 Rights Issue Extension and Updated Timetable
Suite 12, 186 Hay Street
Subiaco WA 6008
Australia
t: +61 8 9340 6000 f: +61 8 9340 6060
PO Box 8206
Subiaco East WA 6008
Australia
e: [email protected] w: www.gippslandltd.com
EXTENSION OF CLOSING DATE AND UPDATED TIMETABLE
NON RENOUNCEABLE RIGHTS ISSUE
Release Date: 24 February 2015
In December 2014, Gippsland Limited (Gippsland or the Company), announced a non-renounceable pro- rata entitlement issue (Entitlement Issue) to raise up to $1.96 million on the basis of 5 new shares in Gippsland, for every 7 existing shares held at the Record Date, at an issue price of $0.002 per share.
The directors advise that they have resolved to extend the closing date of the Entitlement Issue to 3 March
2015 to provide additional time for the resolution of the current financing process.
The updated timetable for Gippsland Limited's non-renounceable pro-rata entitlement issue is as follows;
|
Event
|
Date
|
|
Last day to extend the Offer*
|
26 February 2015
|
|
Closing Date
|
3 March 2015
|
|
Shares quoted on a deferred settlement basis
|
4 March 2015
|
|
ASX notified of under subscriptions
|
6 March 2015
|
|
Issue date/Shares entered into Shareholders' security holdings
|
10 March 2015
|
|
Quotation of Shares issued under the Offer*
|
11 March 2015
|
*The Directors may extend the Closing Date by giving at least 3 Business Days notice to ASX prior to the
Closing Date. As such the date the Shares are expected to commence trading on ASX may vary.
Rowan Caren (Company Secretary)
www.gippslandltd.com
T: +61 8 9340 6000
E: [email protected]
1 Updated Timetable 24 February 2015