Share Purchase Plan and Placement
Released
Released
Announcement PDF
6th Floor
412 Collins Street
Melbourne, Victoria 3000 Australia
Telephone: +61 (0)3 9642 0655
Email: info@dartmining.com.au
Web: www.dartmining.com.au
ABN 84 119 904 880
Dart Mining NL Announcement: Share Purchase Plan and Placement
11 March 2016
Dart Mining NL (Dart) is pleased to announce a Share Purchase Plan for existing Shareholders and
an upcoming placement of Shares to certain Directors.
Share Purchase Plan
Dart is pleased to announce a Share Purchase Plan (“SPP”), allowing every Shareholder to apply for
up to $15,000 of additional shares in Dart. The maximum that can be raised under the SPP is
$787,571.63. The maximum number of new shares to be issued under the SPP will be 77,977,389
ordinary shares. All new shares will be issued at a price of $0.0101. The record date for participation
in the SPP will be Thursday 10 March 2016.
Indicative timetable
EVENT
DATE
Record Date
7:00pm AEDT Thursday, 10 March 2016
Announcement Date
Friday, 11 March 2016
Offer Date
Friday, 11 March 2016
Closing Date
5:00pm AEDT Friday, 22 April 2016 or an earlier date if
the SPP is over-subscribed
Allotment Date
Friday 29 April 2016
Quotation of newly issued SPP Shares on ASX
Monday 2 May 2016
Dispatch of confirmation advice or refunds where
applicable
Within one week from the Allotment Date
Placement to Directors
The Board also intends to undertake a placement of Shares to certain Directors at the same price as
the SPP, subject to Shareholder approval at a General Meeting in the near future.
It is intended that this Placement will raise a further $80,000 and will result in a further 7,920,792 new
ordinary shares being issued.
Combined, the Placement (if approved by Shareholders at the General Meeting) and the SPP (if fully
subscribed) will result in a total of $867,571.63 raised for working capital requirements, and
85,898,181 new ordinary shares to be issued.
For further information on either of these matters please contact:
James Chirnside
Managing Director
Dart Mining NL
jchirnside@dartmining.com.au
t: (02) 6076 2336
Share your feedback
Discover