Share Purchase Plan
Sydney, June 14, 2012 AEST (ABN Newswire) - Australian Bauxite Limited (ABx) (
ASX:ABZ) announced a Share Purchase Plan (SPP) offering eligible shareholders the opportunity to purchase shares in ABx without brokerage or other related charges.
Shareholders can purchase for $0.39 per share, which is the same price paid by brokers and professional investors in the recently completed placement.
Participation in the Offer is optional and is open to Eligible Shareholders who were holders of Shares in ABx at 5.00 pm (EST) on 7 June 2012 and whose registered address is in Australia or New Zealand.
Shareholders can purchase shares totalling up to $15,000.
Funds raised through the SPP will be used to progress the company's drilling and development programs and to provide working capital.
Shares issued under the SPP will rank equally with existing shares.
--------------------------------------------------------Indicative Dates--------------------------------------------------------Record Date 7 June 2012Announcement of the Share Purchase Plan 8 June 2012Documents mailed to Eligible Shareholders 14 June 2012Opening date for acceptances 14 June 2012Closing date for acceptances 11 July 2012Allotment and issue of New Shares 18 July 2012Quotation of New Shares on ASX 18 July 2012Dispatch of shareholder statements 20 July 2012--------------------------------------------------------
Full details of the SPP and Application Forms have been sent to all eligible shareholders, copies of which are attached.
For the full ABx Share Purchase Plan, please click the following link below:
http://media.abnnewswire.net/media/en/docs/ASX-ABZ-682265.pdf
About Australian Bauxite Ltd
Australian Bauxite Limited (ABx) (ASX:ABX) has its first bauxite mine in Tasmania & controls the Eastern Australian Bauxite Province. ABx's 11 bauxite tenements in Queensland, New South Wales & Tasmania totalling 662 km2 are all 100% owned, unencumbered & free of third-party royalties. ABx's bauxite is gibbsite trihydrate (THA) bauxite that can be processed into alumina at low temperature.
ABx has committed a large proportion of its expenditure into Research and Development to find ways to capitalise on the main strengths of its bauxite type which is very clean, free of all deleterious elements and partitioned into layers, nodules, particles and grains of different qualities that can be separated into different product streams using physical, chemical and geophysical methods.
ABx has declared large Mineral Resources in northern NSW, southern NSW, Binjour in central QLD & in northern Tasmania.
ABx's first mine commenced at Bald Hill near Campbell Town, Tasmania in December 2014 - the first new Australian bauxite mine for more than 35 years.
ABx aspires to identify large bauxite resources in the Eastern Australian Bauxite Province and has created significant bauxite development projects in 3 states, Queensland, New South Wales and Tasmania. Its bauxite deposits are favourably located for direct shipping of bauxite to both local and export customers.
ABx endorses best practices on agricultural land, strives to leave land and environment better than we find it. We only operate where welcomed.
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