Peak Resources Entitlement Issue Extension
Perth, Jan 6, 2014 AEST (ABN Newswire) - Peak Resources Limited (ACN 112 546 700) (
ASX:PEK) (Company) advises that it has extended the closing date for its current non-renounceable entitlement issue (Offer) from 13 January 2014 to 20 January 2014
As announced on 5 December 2013, the Company offered a non-renounceable entitlement issue of approximately 55,111,377 fully paid ordinary shares (New Shares) on the basis of one (1) New Share plus one (1) free attaching option (New Option) for every five (5) shares held by the Company's shareholders with a registered address in Australia or New Zealand at an issue price of $0.06 per New Share to raise approximately $3,306,683.
In accordance with the Offer, Eligible Shareholders may also elect to participate in the shortfall offer and apply for Shortfall Securities in excess of their pro rata entitlement under the Offer.
The revised timetable is presented below:
Event Date ------------------------------------------------- Closing Date* 2.00 pm (WST) on 20 January 2014-------------------------------------------------Securities quoted on a deferred settlement basis 21 January 2014-------------------------------------------------ASX notified of under subscriptions 23 January 2014-------------------------------------------------Issue of Securities and despatch of holding statements 29 January 2014-------------------------------------------------Quotation of Securities issued under the Offer* 29 January 2014-------------------------------------------------
The above dates are indicative only and subject to the Corporations Act 2001 and the ASX Listing Rules, may be varied as the directors decide.
Applications for New Shares and New Options under the Offer may only be made by completing the Entitlement and Acceptance Form which accompanies the Prospectus. Eligible Shareholders should read the prospectus carefully. For further information on the Offer, you should contact your professional advisor.
About Peak Resources Limited
Peak Resources Limited (ASX:PEK) is focused on delivering our high-grade Ngualla rare earth project via a sequenced development approach to enable low carbon technologies to power the green transformation.
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