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Bulletin Resources Ltd Announces Non-Renounceable Pro-rata Entitlement Offer


Monday, 27 May 2013 06:47pm EDT 

Bulletin Resources Ltd announced a non-renounceable prorata entitlement offer of up to approximately 55,676,931 new fully paid ordinary shares (Shares). Under the offer, existing shareholders with a registered address in Australia and New Zealand (Eligible Shareholders) will be offered one new Share for every two Shares held at 5.00pm (WST) on June 4, 2013, (Record Date) at an issue price of $0.03 per new Share, with any fractional entitlements being rounded up (Offer). The Offer, if fully subscribed, will not of itself result in any change to the control of the Company. Eligible Shareholders will be offered an opportunity to apply for additional new Shares under any shortfall. The shortfall of the Offer may be placed by the Directors of the Company at their sole discretion to any party, , other than to related parties, within three months of the close of the Offer. The Offer, if fully subscribed, will raise up to approximately $1.67 million before costs. The funds will be applied primarily towards furthering development at the Company’s Lamboo Gold Project, exploration activities and for general working capital. 

Company Quote

0.014
-0.0010 -6.67%
27 Mar 2015