Notice in Respect of Share Issue
Released
Released
Announcement PDF
6th Floor
412 Collins Street
Melbourne, Victoria 3000 Australia
Telephone: +61 (0) 2 6076 2336
Email: info@dartmining.com.au
Web: www.dartmining.com.au
ABN 84 119 904 880
25 NOVEMBER 2015
ASX ANNOUNCEMENT
Notice in Respect of Share Issue
Dart Mining NL (“Dart”) has issued 16,666,650 fully paid ordinary shares (“Shares”)
as per the announcement on 18 November 2015.
In accordance with the requirements of section 708A(6) of the Corporations Act 2001
(Cwlth) (“Corporations Act”), Dart notifies ASX Limited that:
(a)
(b)
The Shares were issued without disclosure to investors under Part 6D.2 of
the Corporations Act;
The notice is being given under section 708A(5)(e) of the Corporations Act;
As at the date of this notice Dart has complied with:
(a)
(b)
The provisions of Chapter 2M of the Corporations Act as they apply to the
Raya; and
Section 674 of the Corporations Act; and
As at the date of this notice, there is no information that is “excluded information”
(within the meaning of sections 708A(7) and 708A(8) of the Corporations Act which
is required to be disclosed by Raya.
Information under ASX listing Rule 3.10.5A
Dart provides the following information in accordance with ASX Listing Rule 3.10.5A in
relations to the share issue under ASX Listing Rule 7.1A.
(a)
Details of the dilution to existing holders of ordinary securities caused by the
Placement is provided below:
Pre-Placement Security Holders
Placement Shares issued under Listing Rule 7.1A
Total Post Placement Shares
Shares
243,257,982
16,666,650
259,924,632
Percentage
93.6%
6.4%
100.0%
Dilution as a result of the issue under Listing rule 7.1A of 16,666,650 shares 6.4%
Details of the Company's issued capital following completion of the share issue held
by pre-issue shareholder and new shareholders are as follows:
Shares
Pre-issue shareholders who did not participate in
the new issue
Pre-issue shareholders who did participate in the new
issue
New Shareholders who participated in the new issue
Total Post Placement Shares
Percentage
223,760,197
86.1%
31,580,518
5,416,667
259,924,632
12.1%
1.8%
100.0%
(b)
The 16,666,650 shares issued under Listing Rule 7.1A were issued to sophisticated
and professional investors as it was considered to be the most efficient mechanism
for raising funds needed for the Company’s ongoing exploration programme.
(c)
The Placement was not underwritten.
(d)
The fundraising fee associated with the 16,666,650 shares issued under Listing rule
7.1A is $9,000.00 plus GST
Yours faithfully,
Julie Edwards
Company Secretary
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