Entitlement Offer Update
Perth, Feb 15, 2018 AEST (ABN Newswire) - Blackham Resources Limited (
ASX:BLK) provides an update on the Company's fully underwritten, renounceable pro-rata entitlement offer ("Entitlement Offer") that closed on 12 February 2018.
Further to the Company's announcement dated 13 February 2018, the Company has finalised the allocation of New Shares and New Options (collectively, "Securities") to be issued pursuant to the Entitlement Offer. The following table sets out the number of Securities for which entitlement applications were received; the number of Additional Securities allocated to eligible shareholders in excess of their entitlement; and the number of Securities allocated to various sub-underwriters pursuant to the Underwriting Agreement with Hartleys Limited and in accordance with the Prospectus dated 22 January 2018.
No. of New Shares No. of New Options Gross Proceeds Securities available to be issued under the Entitlement Offer * 897,670,586 448,835,293 $35,906,823 Applications for entitlements under the Entitlement Offer 658,747,196 329,373,508 $26,349,888 Additional Securities to eligible shareholders 63,493,909 31,746,935 $2,539,756 Securities subscribed for by sub-underwriters 175,429,481 87,714,740 $7,017,179 Total Securities to be issued under the Entitlement Offer * 897,670,586 448,835,183 $35,906,823
* Variations between the "up to" amounts described in the Prospectus and the number of available Securities described in the table, as well as the further difference in the number of New Options to be issued, are due to the rounding of fractional entitlements
As set out in the Prospectus, the anticipated date for the issue of the Securities is 19 February 2018, with the despatch of holding statements and normal trading expected to commence on 20 February 2018.
About Wiluna Mining Corporation Ltd
Wiluna Mining Corporation (ASX:WMC) (OTCMKTS:WMXCF) is a Perth based, ASX listed gold mining company that controls over 1,600 square kilometres of the Yilgarn Craton in the Northern Goldfields of WA. The Yilgarn Craton has a historic and current gold endowment of over 380 million ounces, making it one of most prolific gold regions in the world. The Company owns 100% of the Wiluna Gold Operation which has a defined resource of 8.04M oz at 1.67 g/t au. In May 2019, a new highly skilled management team took control of the Company with a clear plan to leverage the Wiluna Gold Operation's multi-million-ounce potential.
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