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 the recent non- renounceable rights offer on a 1 for 4 ratio, offering 21,173,927 Ordinary Shares at 3.5 cents closed on 29 December 2015.
The Board is pleased that the number of shares applied for under the Offer and Top-Up Facility has exceeded the total amount of Shares available.
The results of the Entitlement Issue, not including those applied for under the Top-Up Facility, are as follows:
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 |
The board will consider the Shortfall allocation including that of shares applied for under the Top-Up Facility pursuant to Section 1.9 of the Offer Document and advise the market accordingly.
Jay Stephenson Company Secretary
Parmelia Resources Limited issued this content on 2016-01-04 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/Entitlement_Issue_-_Closure_and_Notice_of_Shortfall_-_Final.pdf
