Syrah Resources Ltd.: ASX Notice - Accelerated Renounceable Entitlement Offer
06.08.2015 | ABN Newswire
Melbourne, Australia (ABN Newswire) - Syrah Resources Ltd. (ASX:SYR) (Company) announced a fully underwritten accelerated renounceable pro-rata entitlement offer of 4 new shares for every 19 existing shares at an offer price of $3.25 per new share to raise approximately $113 million (Entitlement Offer) together with a placement offer to institutional investors for new ordinary shares at $3.25 per share to raise approximately $98 million (Placement).The Entitlement Offer has the following two components.
- An institutional entitlement offer, where offers have been made to qualifying institutional securityholders for them to apply for their pro-rata entitlement (Institutional Offer).
- A retail entitlement offer, where offers will be made to qualifying retail securityholders for them to apply for their pro-rata entitlement (Retail Offer).
New shares issued under the Entitlement Offer will rank equally with existing ordinary shares on issue.
To view the timetable, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-SYR-427187.pdf
NOT FOR DISTRIBUTION IN THE USA
About Syrah Resources Ltd:
Syrah Resources (ASX:SYR) is an Australian resource company with a diversified exploration portfolio located in south eastern Africa. The Balama Graphite and Vanadium project is Syrah's top priority project, and has progressed rapidly from exploration towards development and completion of a feasibility study.
Contact:
John Johansson
(03) 9617 8770
Syrah Resources Ltd.
www.syrahresources.com.au