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Red Mountain Mining Ltd Closes Pro-rata Renounceable Rights Issue


Wednesday, 19 Jun 2013 06:43pm EDT 

Red Mountain Mining Ltd announced that the Offer for its pro rata renounceable rights issue of up to approximately 281,358,039 new shares (New Shares) on the basis of three New Shares for every two Red Mountain shares held by shareholders on the record date at an issue price of $0.01 per New Share, one free attaching 'Short Dated' option with an exercise price of $0.015 and an expiry date of 30 June 2014 (New Short-Dated Options) for every two New Shares subscribed for under the Prospectus and one free attaching 'Long Dated' option with an exercise price of $0.03 and an expiry date of June 30, 2016 (New Long-Dated Options) for every four New Shares subscribed for under the Prospectus (Rights Issue) closed on the June 17, 2013. Subject to receipt of cleared funds a total of $327,007.84 was received, being the proceeds from subscriptions for 32,700,784 New Shares, 16,350,392 New Short-Dated Options and 8,175,196 New Long-Dated Options, taken up by 80 applicants and representing 11.62% of the shares offered or 22.3% of the eligible shareholders participating. 

Company Quote

0.0070
0.0010 +16.67%
2 Oct 2014