Capricorn Metals Ltd (ASX:CMM) (“Capricorn”) advises that the Share Purchase Plan described in the offer booklet dated 30 November 2017 (“SPP”) closed on 20 December 2017.
The SPP allowed eligible shareholders the ability to apply for up to $15,000 of new fully paid ordinary shares in Capricorn at a price of $0.052 per share.
As a result of the significant oversubscription, the board has used its discretion under the terms and conditions of the SPP to scale back the allotment of shares to applicants.
38,461,784 new shares under the SPP will be issued to eligible applicants on Wednesday 27 December 2017. Holding statements will be despatched, and refunds of subscriptions monies due to the scale back, will be made, on or around 28 December 2017.
Ann: Feasibility Study Presentation, page-60
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