RUM 8.70% 2.5¢ rum jungle resources ltd

Insider Trades ?, page-3

  1. 47 Posts.
    I would say you are spot on Sofiya about the capital raising

    Notice of 2014 Annual General Meeting and Explanatory Memorandum

    This 10% Placement Facility will
    provide extra flexibility and opportunity for the Company to raise capital.
    The Directors believe that Resolution 6 is in the best interests of the Company and
    recommend
    that shareholders vote in favour of this Resolution to approve the 10%
    Placement Facility.

    7.2

    Further information about the 10% Placement Facility
    Pursuant to and in accordance with ASX Listing Rule 7.3A, the following information is
    provided in relation to the approval of the 10% Placement Facility:
    Minimum issue price
    The issue price of ordinary shares issued under the 10% Placement Facility will not be less
    than 75% of the volume weighted average price of the Company's ordinary shares calculated
    over the 15 trading days immediately before:
    d) the date on which the price at which the ordinary shares are to be issued is agreed; or
    e) if the ordinary shares are not issued within 5 trading days of the date in a) above, the date
    on which the ordinary shares are issued.
    Period of the approval
    If shareholders approve Resolution 6 at the Meeting, the approval to issue ordinary shares
    under the 10% Placement Facility will operate from 27 November 2014 until the earlier of:
    a) 27 November 2015; and
    b) the date (if any) shareholders approve a transaction under ASX Listing Rules 11.1.2 (a
    significant change to the nature or scale of activities) or 11.2 (disposal of main
    undertaking),
    (the

    10% Placement Period).
 
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Currently unlisted public company.

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