Examples of Entitlements Offer in a sentence
Where the Prospectus has been dispatched to Shareholders domiciled outside Australia or New Zealand and where that country's securities code or legislation prohibits or restricts in any way the making of the Entitlements Offer contemplated by this Prospectus, then the Prospectus and accompanying Acceptance Form are provided for information purposes only.
The Entitlements Offer made to Eligible Shareholders with registered addresses in New Zealand is made in reliance on the Securities Act (Overseas Companies) Exemption Notice 2002 (New Zealand).
No action has been taken to register or qualify the Listed Options or the Entitlements Offer or otherwise to permit an offering of the Listed Options in any jurisdiction outside of Australia and New Zealand.
No action has been taken to register or qualify the Shares or the Entitlements Offer or otherwise to permit an offering of the Shares in any jurisdiction outside of Australia and New Zealand.
The Entitlements Offer will comprise approximately 87,104,000 New Shares and approximately 43,552,750 Options and will raise approximately $3,000,000 (after deducting expenses of the Entitlements Offer, estimated to be $50,000) if all entitlements are taken up.
It may require further funding in addition to current cash reserves to fund exploration and development activities.The Directors reserve the right to place the Shortfall at their discretion within 3 months after the close of the Entitlements Offer, subject to the Listing Rules and any other applicable law.
In determining Entitlements to New Shares pursuant to the Entitlements Offer fractional Entitlements will be rounded up.
If a Listed Entity makes an Entitlements Offer in relation to the Underlying Security, the Trustee is not obliged to take any action in respect of the rights issue but may (in its absolute discretion) take Reasonable Action as is prudent without incurring additional liability to confer the benefit of the Entitlements Offer on the Holder.
Shareholders should note that in not taking up their Entitlement under the Entitlements Offer, their percentage holding in the Company will be diluted.Payment arrangements for the Top-Up Offer are as specified in the Entitlement and Acceptance Form.
New Shares issued pursuant to the Entitlements Offer will rank equally with existing fully paid ordinary Shares on issue.