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Provider: Thomson Reuters Stock Report

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Nemex Resources Ltd Announces Rights Issue

Monday, 22 Jul 2013 11:11pm EDT 

Nemex Resources Ltd announced that it has lodged with ASX a Pro-Rata Non-Renounceable Entitlement Issue Prospectus (Prospectus) for approximately 21,812,500 Shares at AUD0.25 per Share, on the basis of 1 new Share for every 2 Shares held on the record date to raise up to approximately AUD545,312 together with the issue of approximately 10,906,250 Options (exercisable at AUD0.05 each on or before December 31, 2014) for no consideration on the basis of 1 Option for every 2 new Shares subscribed (Rights Issue). The Rights Issue will be open to existing shareholders of NXR with registered addresses in Australia, Singapore, Hong Kong and New Zealand. The Rights Issue is fully underwritten by Pareto Capital Pty Ltd, holder of Australian Financial Services Licence number 389395, for a fee of 6% of the total proceeds of the Rights Issue and 4,000,000 Options. The purpose of the Rights Issue is to raise approximately AUD545,312 which will be applied firstly to meet the expenses of the Rights Issue (AUD52,719) and the remainder will be used to sample and to drill test (assuming the surface sampling is encouraging) the Company’s recently acquired gold projects in Côte d’Ivoire and for general working capital. 

Latest Developments for Nemex Resources Ltd

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-0.0010 -4.00%
25 Jul 2014