re: xmas early this year..here it is lol ho ho ho sounds good to...

re: xmas early this year..here it is lol ho ho ho sounds good to me :)
ALCASTON MINING N. L.


(TO BE RENAMED GOLDEN RIM RESOURCES LTD)
30 October 2006
Companies Announcement Office
Australian Stock Exchange Limited
20 Bridge Street
SYDNEY NSW 2000 By e-lodgement
Dear Sir/Madam
LETTER TO SHAREHOLDERS
Please find attached a copy of the letter to Australian and New Zealand shareholders,
which will be despatched tomorrow.
Yours faithfully
ALCASTON MINING NL
GILBERT RODGERS
Company Secretary
Level 2, 10 Outram Street, West Perth, WA 6005, Australia
PO Box 378, West Perth, WA 6872, Australia
Telephone: +61 8 9481 5758 Facsimile: +61 8 9481 5759
email: [email protected]
ALCASTON MINING N. L.
ABN 39 006 710 774
(TO BE RENAMED GOLDEN RIM RESOURCES LTD)
1 November 2006
Dear Alcaston Shareholder
INFORMATION FOR SHAREHOLDERS
PRO-RATA RENOUNCEABLE RIGHTS ISSUE
As you may be aware, the Company will shortly be offering to you an opportunity to
acquire more shares in the Company pursuant to a pro-rata renounceable rights issue to
shareholders of 21,067,102 ordinary fully paid shares ("Shares") on the basis of two
Shares for every five Shares held by you at 5.00pm WST on 9 November 2006, at an issue
price of 8 cents per Share, to raise $1,685,368 ("Rights Issue"). This offer will be made
pursuant to a Prospectus and if you wish to participate in the Rights Issue, you will need to
complete the Entitlement and Acceptance Form that will accompany that Prospectus.
A copy of the Prospectus has been lodged with ASX and is available on the ASX website
and the Company's website and will be despatched to persons holding shares as at the
Record Date of 9 November 2006.
Pursuant to the Listing Rules of the Australian Stock Exchange Limited (“Listing Rules”),
the Company is required to provide to you certain information before proceeding with the
Rights Issue. This letter contains all the information required by Appendix 3B of the
Listing Rules.
1. A maximum of 21,067,102 Shares will be issued pursuant to the Rights Issue
(assuming no existing options are exercised).
2. The Shares rank equally in all respects from the date of allotment with the existing
class of quoted Shares.
3. The issue price of the Shares will be 8 cents each.
4. The Company will apply for quotation of the Shares issued pursuant to the Rights
Issue on the official list of the ASX.
5. The funds raised by the Rights Issue will be used to fund the continued drilling
program at the Webe Creek Project in Vanuatu, a new drill program at the Sabeto
Project in Fiji, to repay the unsecured loans advanced by the Chairman for working
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capital purposes, investigation of new projects for the Company, administration
expenses and for ongoing working capital purposes.
6. The securities will be entered into uncertificated holdings on 7 December 2006.
7. The total number and class of all securities quoted on ASX (including the
maximum number of Shares to be issued in the Rights Issue on an undiluted basis)
is as follows:
Number Class
73,734,859 Ordinary shares
8. The following are the securities of the Company not quoted on ASX:
Options
Number Class Exercise Price $ Contribution
on Exercise
12,540,505 Options over ordinary shares
expiring 30 September 2007
$1.05 13,167,530
8,750,000 Options over ordinary shares
expiring 30 June 2010
35 cents 3,062,500
7,750,000 Options over ordinary shares
expiring 30 June 2010
40 cents 3,100,000
9. The Company currently has no dividend policy.
10. No shareholder approval for the Rights Issue is required.
11. The Rights Issue is renounceable. This means that shareholders who do not wish
to subscribe for some or all of the new shares offered under the Rights Issue may
sell their respective rights and also enables shareholders to purchase additional
rights if they wish.
12. The Shares in the Rights Issue will be offered on the basis of two (2) Shares for
every five (5) Shares held by the shareholder on 5.00pm WST on 9 November
2006.
13. The offer under the Rights Issue relates to ordinary fully paid shares in the capital
of the Company.
14. The record date to determine entitlements is 9 November 2006.
15. Holdings on different registers (or subregisters) will be aggregated for calculating
entitlements.
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16. In determining the entitlement of shareholders, any fractional entitlement will be
rounded up to the nearest whole number.
17. The Company will not be sending an offer under the Rights Issue to any security
holders in the United Kingdom, United States of America, Ireland, Malaysia,
Sweden, Papua New Guinea, Hong Kong, Fiji or any countries other than in
Australia and New Zealand.
In compliance with Listing Rule 7.7.1 of the ASX Listing Rules, the Company has
appointed a nominee for foreign holders of the Company's securities. The
Company will transfer to the nominee the rights that would otherwise be granted to
the foreign holders who accept the offer. The nominee must, upon the foreign
holder's instructions, sell the rights and distribute to each of those foreign holders
their proportion of the proceeds of the sale, net of expenses.
18. The closing date for receipt of acceptances or renunciations is 5.00pm WST 29
November 2006.
19. The Rights Issue is underwritten by Patersons Securities Limited.
20. There is no broker to the Rights Issue.
21. Brokers will receive no handling fee for acceptances lodged by them on behalf of
security holders.
22. The Prospectus for the Rights Issue and the accompanying Entitlement and
Acceptance Form will be sent to you on 15 November 2006.
23. The latest date for despatch of holding statements of your security holdings is 7
December 2006.
24. Rights trading will begin at 9.00am WST on 2 November 2006.
25. Rights trading will end at 5.00pm WST on 22 November 2006.
26. If you wish to sell all or part of your entitlement on the ASX, you will need to
complete the section at the back of the Entitlement and Acceptance Form,
accompanying a copy of the Prospectus to be issued to you, marked "Instructions to
your Stockbroker" and then forward the Form to your stockbroker. You must deal
with your entitlement by close of trading on the ASX on 22 November 2006, when
rights trading ceases.
27. If you wish to accept part of your entitlement and sell the balance on the ASX, you
will need to complete the Entitlement and Acceptance Form, accompanying a copy
of the Prospectus to be issued to you, for that part of your entitlement that you wish
to accept and also complete the section on the back of the Form marked
"Instructions to your Stockbroker", for the balance that you wish to sell on the
ASX. The completed Form should then be forwarded to your stockbroker together
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with a cheque for the amount due in respect of the new shares you intend to accept
(being the number of new shares you wish to accept multiplied by $0.08). You
must deal with that part of your entitlement which you do not intend to accept by
close of trading on the ASX on 22 November 2006, when rights trading ceases.
28. If you wish to transfer all or part of your entitlement to another person other than
on market using the ASX, then you will need to forward the following:
(a) a completed and standard renunciation form (obtainable from your
Stockbroker or the Company's share registry);
(b) a completed Entitlement and Acceptance Form, accompanying a copy of the
Prospectus to be issued to you; and
(c) your cheque for the amount due in respect of the new shares,
to the Company's share registry by no later than 5.00pm WST 29 November 2006
or such other date as the Directors advise. Cheques should be made payable to
"Alcaston Mining NL – Share Account" and crossed "Not Negotiable".
29. The latest date for despatch of the holding statements or entry of the securities into
your security holdings is 7 December 2006.
The above information was provided to the ASX on 1 November 2006.
If you have any queries regarding your entitlement or participation in the upcoming Rights
Issue, please do not hesitate to contact Gilbert Rodgers on (08) 9481 5758.
Yours sincerely
ALCASTON MINING NL
GILBERT RODGERS
Company Secretary