Replacement Prospectus - Revised Timetable
Sydney, April 10, 2019 AEST (ABN Newswire) - Hastings Technology Metals Limited (
ASX:HAS) (Company) refers to its prospectus dated 9 April 2019 (Original Prospectus) pursuant to which a non-renounceable pro-rata entitlement offer was made to eligible shareholders (Rights Issue).
The Company advises that it has today issued a replacement prospectus (Replacement Prospectus) to reflect changes made to the timetable for the Rights Issue.
The revised timetable in connection with the Rights Issue is now as follows:
Announcement of Rights Issue Offer - Tuesday, 9 April 2019
Lodgement of Prospectus with ASIC and ASX - Wednesday, 10 April 2019
Company sends letters to Shareholders - Thursday, 11 April 2019
"Ex" Date - Friday, 12 April 2019
Record Date - Monday, 15 April 2019
Prospectus and Application Form dispatch to Eligible Shareholders - Thursday, 18 April 2019
Opening Date of Rights Issue Offer - Thursday, 18 April 2019
Last day to extend the Rights Issue Offer closing date - Monday, 29 April 2019
Closing Date of Rights Issue Offer - Thursday, 2 May 2019
Securities quoted on a deferred settlement basis - Friday, 3 May 2019
Shortfall notification date - Tuesday, 7 May 2019
Issue of Rights Shares and Deferred Settlement Trading Ends - Thursday, 9 May 2019
Anticipated date for despatch of holding statements for Rights Shares and Rights Options - Thursday, 9 May 2019
These dates (other than the date of the prospectus and date of lodgement of the prospectus with ASX and ASIC) are indicative only. The Company will release to the ASX a Replacement Prospectus that incorporates the revised timetable set out above.
The Company reserves the right, subject to the Corporations Act 2001 (Cth), ASX Listing Rules and other applicable laws, to vary the dates of the Rights Offer, including extending the Closing Date or accepting late applications, either generally or in particular cases, without notice.
Further information on the Rights Issue is set out in the Replacement Prospectus for the Rights Issue, which will be mailed to eligible shareholders shortly after the Record Date. Persons should consider the prospectus before deciding whether to acquire securities and will need to complete a personalised entitlement acceptance form that will accompany the Replacement Prospectus.
To view Replacement Prospectus, please visit:
http://abnnewswire.net/lnk/472UMR2J
About Hastings Technology Metals Ltd
Hastings Technology Metals Ltd (ASX:HAS) (FRA:5AM) is advancing its Yangibana Rare Earths Project in the Upper Gascoyne Region of Western Australia towards production. The proposed beneficiation and hydro metallurgy processing plant will treat rare earths deposits, predominantly monazite, hosting high neodymium and praseodymium contents to produce a mixed rare earths carbonate that will be further refined into individual rare earth oxides at processing plants overseas.
Neodymium and praseodymium are vital components in the manufacture of permanent magnets which is used in a wide and expanding range of advanced and high-tech products including electric vehicles, wind turbines, robotics, medical applications and others. Hastings aims to become the next significant producer of neodymium and praseodymium outside of China.
Hastings holds 100% interest in the most significant deposits within the overall project, and 70% interest in additional deposits that will be developed at a later date, all held under Mining Leases. Numerous prospects have been identified warranting detailed exploration to further extend the life of the project.
Brockman Project
The Brockman deposit, near Halls Creek in Western Australia, contains JORC Indicated and Inferred Mineral Resources, estimated using the guidelines of JORC Code (2012 Edition).
The Company is also progressing a Mining Lease application over the Brockman Rare Earths and Rare Metals Project.
Hastings aims to capitalise on the strong demand for critical rare earths created by the expanding demand for new technology products.
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