The new shares issued under Tranche 1 will commence trading on
The placement of the remaining shares, being approximately 13.5 million shares to the Directors of Australis to raise
The Share Purchase Plan (SPP) as announced on
Eligible Shareholders are advised that further details regarding the SPP, a copy of the SPP Offer Document and an online application facility can be accessed at: https://atsspp.thereachagency.com
The Company encourages Eligible Shareholders who wish to participate to act promptly in submitting their application forms. The SPP will close on
Net proceeds from the Placement and SPP will be used to: recommence leasing of TMS Core Area mineral rights and general working capital purposes, including but not limited to, balance sheet support to: aid any negotiations with potential partners; provide additional capacity to accelerate existing debt repayments, if desirable to do so at the relevant time (there is no obligation nor any intention to accelerate existing debt repayments) and pay the costs of the offer.
Contact:
Tel: +61 8 9220 8700
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