North Stawell Minerals Limited (ASX: NSM) has achieved the successful completion of a one-for-three non-renounceable pro-rata entitlement offer at AU$0.05 per share, forming an integral part of the Entitlement Offer. The accomplishment signifies a positive development for the company in raising necessary capital. The Entitlement Offer, closing on Thursday, 21 December 2023, raised AU$925,388, with 18,507,757 shares applied for by eligible shareholders.
Additionally, approximately AU$59,718 in Top-Up Facility applications were received, leading to the issuance of an additional 1,194,361 shares. About 20,293,269 entitlements were unclaimed, totalling around AU$1,014,663. The company may place any shortfall within three months at a price not less than AU$0.05 per share. Ineligible shareholders will have their entitlements exercised, and resulting shares will be sold, with excess proceeds distributed after deducting expenses and withholding tax.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
