Successful Completion of Oversubscribed Share Purchase Plan
/NOT FOR DISTRIBUTION TO
Management to Host Investor Webinar to Outline its Plans and Milestones for 2024
The SPP was strongly supported by eligible shareholders and applications received were well above the intended raise amount of
Given the overwhelming response to the SPP, the Board of Directors has exercised its discretion under the terms of the SPP to increase the SPP offer to
Managing Director & CEO
In accordance with the terms of the SPP, the Company conducted a scale-back of applications with the number of shares capped at 7,000,000 and totalling
A scale-back has been applied, based on amounts applied for under the SPP, rounded to reflect the 7,000,000 shares to be issued under the SPP offer. As a result, shareholders who applied to participate in the SPP will receive the following application amount they applied for:
Application |
% of parcel as valid application after |
Parcel Shares to |
|
|
100 % |
|
1,000 |
|
100 % |
|
2,000 |
|
100 % |
|
5,000 |
|
100 % |
|
10,000 |
|
100 % |
|
15,000 |
|
82.5 % |
|
16,500 |
Application |
% of parcel as valid application after |
Parcel Shares to |
|
|
71.5 % |
|
17,875 |
|
64.2 % |
|
19,259 |
The updated timetable for the SPP is as follows:
Event |
Indicative Date |
SPP offer closes ( |
Tuesday, |
SPP results announced to ASX |
Monday, |
Issue of Shares under SPP |
Monday, |
Quotation of SPP Shares on ASX commences |
Tuesday, |
Dispatch of Holdings Statements |
Thursday, |
Refund of Monies |
Monday, |
The Board would like to thank again all shareholders who participated for their continued support.
The Company's Share Registry have advised that the issue and allotment has been completed. Excess and invalid application monies (in the amount of
The SPP was underwritten by
The shares issued under the SPP are not subject to a hold period pursuant to applicable Canadian securities laws. The SPP and the Placement remain subject to the final acceptance of the TSXV.
Further to its announcements dated
If shareholders have any enquiries in relation to the SPP allocation or the status of their returned application monies, please call the
An Appendix 2A follows for immediate release.
The Company will be hosting a webinar to discuss the recent capital raise and to walk through the next key milestones and strategy for the Company in the development of Costa Fuego.
https://us02web.zoom.us/webinar/register/WN_OsMpGPdFRF-7GBVKc5erOg
After registering, you will receive a confirmation email containing information about joining the webinar.
This announcement is authorised by the Board of Directors for release to ASX and TSXV.
For more information please contact:
Managing Director – |
|
Tel: +61 8 9315 9009 Email: admin@hotchili.net.au
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Company Secretary – |
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Tel: +61 8 9315 9009 Email: admin@hotchili.net.au
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Harbor Access
Investor & Public Relations ( |
|
Email: graham.farrell@harbor -access.com Email: jonathan.paterson@harbor-access.com
|
or visit
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in
Neither the
SOURCE