ASX ANNOUNCEMENT
25 October 2018
WALKABOUT RESOURCES LTD ACN 119 670 370
ASX Code: WKT
admin@wkt.com.auwww.wkt.com.au
Level 3, 681 Murray St, West Perth, WA 6872 P.O. Box 263,
West Perth WA 6005
T: +61 8 6298 7500
DIRECTORS
Chairman: Exec: Tech: Non Exec:Trevor Benson
Allan Mulligan Andrew Cunningham
Tom MurrellORDINARY SHARES 270,916,321
OPTIONS 40,664,321
PERFORMANCE RIGHTS 6,086,957
PROJECTS
Lindi Jumbo Graphite Project Tanzania (70% - 100%)
Northern Ireland Gold and Base Metals (50% -100%)
Eureka Lithium Project Namibia (100%)Takatokwane Coal Project Botswana (60%)
Scotland Base Metal Projects
About Walkabout
(Farm-in to earn 75%)
Underwritten Share Purchase Plan
Extension of Closing date
Share Purchase Plan - extension of closing date
Walkabout Resources Ltd (ASX: WKT) (Walkabout or Company) announces that the closing date of the Share Purchase Plan (SPP) announced on 5th October 2018 to raise A$3m has been extended by one week until 2nd November 2018.
The reason for the extension to the closing date is due to requests from shareholders for more time to participate.
As announced on 5 October 2018, the SPP is underwritten up to A$3m by Patersons Securities Limited (Patersons) which is acting as Lead Manager and Underwriter to the offer.
The New Shares will be issued at a 15% discount to the 5 day VWAP trading price at the time of issue of the New Shares (ie. the VWAP for the 5 trading days up to and including 1 November 2018) and will be offered to Eligible Shareholders free of brokerage and fees. Shares issued under the
Underwriting Agreement will be issued from the Company's 15% capacity.
The revised timetable for the SPP is set out below:
Event | Date |
Record Date | Thursday, 4 October 2018 |
Announce Plan | Friday, 5 October 2018 |
Dispatch Plan booklet to shareholders & release Offer Letter on the ASX | Friday, 12 October 2018 |
Opening Date | Friday, 12 October 2018 |
Closing Date | Friday, 2 November 2018 |
Company to notify Underwriter of Shortfall | Tuesday, 6 November 2018 |
Lodge Appendix 3B, Issue of New Shares under the Plan | Friday, 9 November 2018 |
Quotation on ASX of New Shares under the Plan | Friday 9 November 2018 |
If you have any enquiries in relation to the SPP, please contact the Company Secretary Ian Hobson atianh@wkt.com.au.
Walkabout is developing the high-grade Lindi Jumbo Graphite Project to take advantage of forecast market conditions for Large and Jumbo flake graphite products.
The Company holds 100% of a Mining Licence and 70% of an adjacent graphite prospecting licence at Lindi Jumbo with an option to acquire the remaining 30% share. A high-grade graphite Mineral Reserve has been delineated within the Mining Licence area.
In addition to the Lindi Jumbo Project, Walkabout is also exploring in southern Namibia at the Eureka Lithium Project with known lithium occurrences and 90 linear kilometres of mapped pegmatites targeted for exploration.
The Company has also acquired an exciting exploration portfolio for gold and base metals in Northern Ireland and is participating in the Tyrone Joint Venture where cobalt, copper and silver occurrences are being explored.
Recently, as part of the U.K strategy the Company acquired three exploration licences in Southern Scotland by entering into a Farm-In agreement to initially earn a 75% interest.
ENDS
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Disclaimer
Walkabout Resources Ltd. published this content on 25 October 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 25 October 2018 02:42:10 UTC