WHY NOVUS CAPITAL?Novus Capital Limited is an investment and financial services company specialising in Investment Banking, Corporate Advisory and Share Trading services for Australian corporate and private clients, and overseas corporate clients.
Company Overview
Woomera Mining is an Adelaide based explorer with high quality exploration assets
Target commodities are precious metals (Gold, PGE) plus battery metals (Nickel, Copper, Cobalt and Lithium) throughout Western Australia and South Australia.
Offer Details
Placement of circa 680 million New Securities, at $0.0025 per security, to raise up to circa $1.7 million (“Placement" or the "Offer”).
Participants in the Placement will receive free attaching unlisted options on a one (1) for one (1) basis on allocated Securities (“Attaching Options”). The Attaching Options will have an exercise price of 0.5 cents and will expire 2 years from issue. It is the Company’s intention to seek quotation of the Attaching Options on the ASX subject to meeting minimum spread requirements.
Approximately 300 million New Securities at an issue price of A$0.0025 per Security to raise approximately A$750,000 ("Unconditional Offer"); in accordance with Listing Rule 7.1 and 7.1A; and
Approximately 380 million New Securities at an issue price of A$0.0025 per Security to raise approximately A$950,000 that are subject to prior shareholder approval at a general meeting of the Offeror’s shareholders (“General Meeting”) to be held in September ("Conditional Offer").
Included in the Conditional Offer, directors and executives of the Company have committed to apply for $150,000 (60 million Securities) on the same terms as the Placement, subject to shareholder approval being obtained at the General Meeting.
The Company also intends to announce a $300,000 Share Purchase Plan to existing eligible shareholders on the same terms as the Placement (“SPP”, together with the Placement being the “Offer”). This communication relates only to the Placement and does not relate to the SPP. The Placement and SPP are not underwritten.
TIMETABLE
Summary of Key Event | Date/Time |
Announcement of Offer | Monday, 12 August 2024 |
Settlement Date – Unconditional Offer | 11:30AM (AEST) Thursday, 15 August 2024 |
Unconditional Offer Allotment Date | Closed |
General Meeting to approve Conditional Offer | 25 September 2024 |
Settlement Date – Conditional Offer | TBC – September 2024 |
Conditional Offer Allotment Date | TBC – September 2024 |
Unconditional Offer Closed - $241,935.49 raised.
THIS OFFER IS FOR SOPHISTICATED AND PROFESSIONAL INVESTORS ONLY AS ASCRIBED UNDER SECTIONS 708(8), 708(10) AND 708(11) OF THE CORPORATIONS ACT 2001
For more information please contact:
Tom Booth, Senior Client Adviser, Novus Capital Limited
Ph +61 2 9375 0160 Mobile +61 403 103 410 tom.booth@novuscapital.com.au
