ACN 064 270 006
ASX: MST OTC: MTSXY
Notice under Section 708A (5)(e) of the Corporations Act Brisbane, Australia - Friday, 27 January 2012: Metal Storm Limited.Metal Storm Limited (Company) proposes to issue 111,111,111 ordinary shares pursuant to a subscription agreement.
The Company relies on case 1 in section 708A (5) of the Corporations Act 2001 (Act) in respect of the issue of the Shares.
The Company gives notice under paragraph (5)(e) of section 708A of the Act that:
1. The Company issued the Shares without disclosure to the investor under Part
6D.2 of the Act;
2. As at the date of this notice the Company has complied with:
a. The provisions of Chapter 2M of the Act (as applicable to the Company); and b. Section 674 of the Act; and
3. As at the date of this notice there is no excluded information (as defined in section
708A (7) of the Act) which is required to be disclosed by the Company.
For and on behalf of the Board of Directors of
METAL STORM LIMITED Brett I FarmerCompany Secretary
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Metal Storm Limited
ACN 064 270 006
Notes:Metal Storm's Australian Stock Exchange trading code: MST Metal Storm's OTC Symbol: MTSXY
Company Contact: Australia & USA
Dr Lee Finniear - Chief Executive Officer, Metal Storm
Limited - Ph: +61 7 3147 8600
Mr Peter Faulkner - President, Metal Storm Inc. - Ph: +1
(703) 2488218
About Metal Storm
Metal Storm Limited is a multi-national defence technology
company engaged in the development of electronically
initiated ballistics systems using its unique "stacked
projectile" technology. The company is headquartered in
Brisbane, Australia and incorporated in Australia. Metal
Storm Limited technology and products are represented in the
USA by Metal Storm Inc., which has offices in Arlington
Virginia.
Metal Storm is working with government agencies and
departments, as well as industry, to develop a variety of
systems utilising the Metal Storm non-mechanical,
electronically fired stacked ammunition system.
Metal Storm's weapon technology uses computer-controlled
electronic ignition and a system of stacked projectiles, to
achieve a completely non- mechanical gun that is very
lightweight and compact, providing a very high firepower to
weight ratio. The Metal Storm weapons system utilises
multiple barrels mounted together on one platform which
allows varying munitions types to be deployed in a single,
low cost, lightweight weapon system. Firing the weapons by
electronic ignition requires no moving parts, allowing
reliable long term unattended weapon operation.
Safe Harbour
Certain statements made herein that use the words "estimate", "project", "intend", "expect", "believe" and similar expressions are intended to identify forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks and uncertainties which could cause the actual results, performance or achievements of the company to be materially different from those which may be expressed or implied by such statements, including, among others, risks or uncertainties associated with the development of the company's technology, the ability of the company to meet its financial requirements, the ability of the company to protect its proprietary technology, potential limitations on the company's technology, the market for the company's products, government regulation in Australia and the US, changes in tax and other laws, changes in competition and the loss of key personnel. For additional information regarding these and other risks and uncertainties associated with the company's business, reference is made to the company's reports filed from time to time with the Securities and Exchange Commission, including the company's Form 20-F.
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Documents associés | |
Notice under Section 708(A) 5(e) of the Corporations Act |