The SPP was strongly supported by eligible shareholders and was substantially oversubscribed, with the Company receiving over 2,300 applications totalling approximately
Given the outstanding response to the SPP, Chalice's Board of Directors (Directors) has exercised its discretion under the terms of the SPP to increase the SPP offer to
A total of 4 million new fully-paid ordinary shares (SPP Shares) will be issued, representing approximately 1.2% of Chalice's ordinary shares on issue.
The strong demand from eligible shareholders in the SPP has necessitated a scale-back of valid applications. The scaling has been determined having regard to the SPP Offer amount as a proportion of the total dollar value of valid applications.
Those eligible shareholders holding less than 124 shares (being a marketable parcel on the record date of
The SPP Shares are expected to be issued on Thursday,
Chalice's Managing Director,
'In light of the strong response, the Board made the decision to upsize the SPP by 50%, after taking into consideration our capital requirements. The combined proceeds of the recent placement and this SPP will ensure Chalice remains financially strong well into the future, with the ability to rapidly advance Julimar to the feasibility stage.'
Refund Process
The payment of refunds for scaled back applications, as well as late and invalid applications, is expected to commence on Friday,
If you do not provide your nominated bank account details your refund will be received via cheque. If you do not have internet access to update your back account details or if you have any other enquiries about the SPP, please call
Contact:
Tel: +61 8 9322 3960
Disclaimer
This announcement has been prepared by the Company based on information from its own and third party sources and is not a disclosure document. No party other than the Company has authorised or caused the issue, lodgement, submission, despatch or provision of this announcement, or takes any responsibility for, or makes or purports to make any statements, representations or undertakings in this announcement. Except for any liability that cannot be excluded by law, the Company and its related bodies corporate, directors, employees, servants, advisers and agents (together, 'Affiliates') disclaim and accept no responsibility or liability for any expenses, losses, damages or costs incurred by you relating in any way to this announcement including, without limitation, the information contained in or provided in connection with it, any errors or omissions from it however caused, lack of accuracy, completeness, currency or reliability or you or any other person placing any reliance on this announcement, its accuracy, completeness, currency or reliability. This announcement is not a prospectus, disclosure document or other offering document under Australian law or under any other law. It is provided for information purposes and is not an invitation nor offer of shares or recommendation for subscription, purchase or sale in any jurisdiction. This announcement does not purport to contain all the information that a prospective investor may require in connection with any potential investment in the Company. Each recipient must make its own independent assessment of the Company before acquiring any shares in the Company.
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