Microsoft Word - ASX 9 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: 10 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 by two weeks to 27 February 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*
|
24 February 2015
|
|
Closing Date
|
27 February 2015
|
|
Shares quoted on a deferred settlement basis
|
2 March 2015
|
|
ASX notified of under subscriptions
|
4 March 2015
|
|
Issue date/Shares entered into Shareholders' security holdings
|
6 March 2015
|
|
Quotation of Shares issued under the Offer*
|
9 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 9 February 2015