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Spitfire Resources Ltd Announces Close Of Renounceable Rights Issue And Subscriptions


Monday, 8 Apr 2013 10:36pm EDT 

Spitfire Resources Ltd announced that its fully renounceable entitlement issue to existing eligible shareholders of one fully paid ordinary share (Share) for every three Shares held by those shareholders, at an issue price of $0.035 per Share to raise approximately $2,232,226 (before costs), together with one free attaching option exercisable at $0.07 on or before November 30, 2013 (Short Dated Option) for every three Shares issued, and one free attaching option exercisable at $0.12 on or before March 31, 2016 (Long Dated Option) for every three Shares issued (Rights Issue) closed on April 4, 2013. The Rights Issue was made pursuant to a prospectus lodged with ASIC and ASX on March 1, 2013 (Prospectus). The Company received applications to subscribe for 13,172,929 Shares from eligible shareholders under the Rights Issue to raise approximately $461,052. This represents approximately 20.65% of all Shares offered under the Rights Issue. It is expected that allotment and despatch of holding statements will now occur on April 16, 2013 with the new shares and options to be quoted on the ASX on April 17, 2013. 

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