CAG 6.59% 78.0¢ cape range ltd

CAG - Announcement

  1. 118 Posts.
    ASX ANNOUNCEMENT: ENTITLEMENTS ISSUE PROSPECTUS

    In April 2002, the Company issued 80,000,000 convertible notes to sophisticated and professional investors to raise $4,000,000 (Convertible Notes). The issue of the Convertible Notes was ratified by shareholders at the annual general meeting held on 31 May 2002.

    The terms of the Convertible Notes provide that the Company must lodge a prospectus with the ASIC on or before 1 October 2002 for the purposes of proceeding with an entitlements issue of securities to raise funds to repay the principal sum outstanding on the Convertible Notes (i.e. $4,000,000). The Convertible Notes are repayable in full on or before 2 December 2002.

    Enclosed, for release to the market, is the entitlements issue prospectus required to be lodged by the Company with the ASIC in accordance with the terms of the Convertible Notes (Prospectus). The record date for the entitlements issue is 25 October 2002.

    It is the intention of the Company to attempt to negotiate and enter into an agreement with each and every one of the holders of the Convertible Notes in order to obtain their permission to not proceed with the entitlements issue and withdraw the enclosed Prospectus. Australian Stock Exchange Limited (ASX) has advised the Company that, provided that the Company reaches this agreement with the holders of the Convertible Notes on or before 15 October 2002, the Company will be entitled to withdraw the Prospectus and not proceed with the entitlements issue.

    If the Company does not reach an agreement with each and every one of the holders of the Convertible Notes on or before 15 October 2002, the Prospectus will not be withdrawn and the entitlements issue will proceed in accordance with the terms set out within the Prospectus.

    The Company will make a further announcement to ASX in respect of its negotiations with the holders of the Convertible Notes prior to 15 October 2002.

    In addition to the above, the Company is pleased to advise that it is in negotiations with a third party financier in relation to a potential equity capital raising. The negotiations are still incomplete but are expected to be finalised before the end of this week. In order to preserve the market integrity of trading in the Company’s securities, the Company has requested that ASX grant a trading halt in respect of its listed securities. The Company has requested that the trading halt continue until the commencement of normal trading on the second trading day after the trading halt is imposed, or until an announcement is made in respect of the negotiations with the third party financier.

    Yours faithfully





    Ron Wise
 
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Last
78.0¢
Change
-0.055(6.59%)
Mkt cap ! $65.25M
Open High Low Value Volume
78.0¢ 78.0¢ 76.0¢ $27.07K 35K

Buyers (Bids)

No. Vol. Price($)
1 4500 77.0¢
 

Sellers (Offers)

Price($) Vol. No.
84.0¢ 10000 1
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Last trade - 15.55pm 22/11/2019 (20 minute delay) ?
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