Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Companies  >  All News

News : Companies
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance ProfessionalsCalendarSectors

Kin Mining NL : Notification to Optionholders

share with twitter share with LinkedIn share with facebook
share via e-mail
0
10/11/2018 | 09:43pm EDT

info@kinmining.com.au|Tel: 08 9242 2227 |ACN: 150 597 541 342 Scarborough Beach Road, Osborne Park WA 6017

12 October 2018

Dear Option Holder

Non-Renounceable Rights Issue of Shares

On 9 October 2018, the directors of Kin Mining NL ("Company") announced a two (2) for five (5) pro rata non-renounceable rights issue ("Rights Issue") to shareholders.

The Rights Issue will be offered to existing eligible shareholders on the basis of two new shares ("New Share") for every five (5) shares held at the record date ("Record Date"), at an issue price of $0.08 per share, to raise up to approximately A$10.4 million before costs.

The Company is making the Offer available to eligible shareholders, being persons who are registered as shareholders of the Company on the Record Date and have a registered address in Australia, Hong Kong, New Zealand, Germany and Singapore.

Based on the Company's current issued capital the Rights Issue will result in up to 129,892,231 New Shares being issued, increasing the total issued share capital on completion of the Rights Issue, assuming it is fully subscribed, to 454,622,808 shares.

The Company has set 5.00pm WST on Wednesday, 17th October 2018 as the Record Date for the purpose of determining shareholders entitled to participate in the Rights Issue.

Under the terms of the options you currently hold, there is no entitlement to participate in the Rights Issue, unless you convert your options and are entered onto the register as a shareholder on or before the Record Date.

If you wish to participate in the Rights Issue, it will be necessary for you to exercise all or part of your options, and the shares issued on the exercise of those options must have been allotted to you before the Record Date. If you wish to do so, you should complete a Notice of Exercise of Options and lodge that notice with the Company, together with your payment for the number of shares you wish to take up on or before the Record Date of 17th October 2018.

If you wish to clarify any taxation consequences relating to the exercise of your options, please consult with your professional advisers.

If you do not wish to participate in the Rights Issue in respect of your options, you do not need to take any action.

If you require further information please contact the company on (08) 9242 2227 during normal business hours.

Yours faithfully

Stephen Jones Company Secretary

Disclaimer

Kin Mining NL published this content on 12 October 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 12 October 2018 01:42:02 UTC

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news "Companies"
02:34aINTEROIL EXPLORATION AND PRODUCTION : strengthens balance sheet, converts debt to equity
AQ
02:33aIMMUPHARMA : Subscription to raise £2.66 million
PU
02:33aEPIC PRIVATE EQUITY LLP : Transaction in Own Shares and PDMR Shareholding
PU
02:33aSEALED AIR : New USPS Dim Weight Rules Are in Effect. Are You Ready?
PU
02:33aFEATURE : Seniors starting businesses to spice up post-retirement life
AQ
02:33aFINNAIR OYJ : grows its operations in China, operates three weekly flights to new Beijing Daxing International Airport as of November 2019
AQ
02:31aEVOLUTION GAMING PUBL : selected by Grand Casino Baden for new Swiss gambling market
AQ
02:31aEPISURF MEDICAL : Ready for enrolment of Episealer® patients in the US
AQ
02:31aNORDIC MINING : Definitive feasibility study update - design parameters finalized
AQ
02:31aRAYSEARCH LABORATORIES PUBL : releases new version of the treatment planning system RayStation
AQ
Latest news "Companies"
Advertisement