PARMELIA RESOURCES LTD Suite 12, Level 1
11 Ventnor Avenue West Perth WA 6005 Australia
PO Box 52
West Perth WA 6872 Australia
T: +61 8 6141 3500
F: +61 8 6141 3599
E: info@parmeliaresources.com
Parmelia Resources Ltd (ASX:PML) (Parmelia or the Company) advises that it has completed the allotment of shares under the recent non-renounceable rights offer Top-up facility (Top-up). As announced on 4 January 2016, the Company advised the following:
Total number of shares on offer: | 21,173,927 |
Total number of shares validly applied for: | 10,422,566 |
Total Value of shares validly applied for: | $364,789 |
Number of applications received | 387 |
Pro-rata shortfall shares: | 10,751,361 |
Value of Shortfall shares | $376,297 |
Under the Top-up, 5,751,361 shares have been allotted. The Company employed an assortment of methods to determine an equitable distribution of the shares available under the Top-up.
The Company advises that 5,000,000 shortfall shares remain available to be allotted prior to the end of the 3 month period permitted under the original non-renounceable rights offer. It is the Company's intention to allot these shares to a strategic long term cornerstone investor.
Jay Stephenson Company Secretary
Parmelia Resources Limited issued this content on 2016-01-15 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-15 07:06:14 UTC
Original Document: http://www.parmeliaresources.com/assets/1501_PML_Entitlement_Issue_-_Shortfall_Allotment_-_FINAL.pdf
