Last checked at 19 Dec 2013 07:00
19 December 2013
Ferrum Crescent Limited
("Ferrum Crescent", the "Company" or the "Group") (ASX: FCR, AIM: FCR, JSE: FCR)
Issue of Equity
Further to the announcement on 2 October 2013, the Company has today issued a total of 3,386,844 fully paid ordinary shares to Mr Robert Hair (as to 480,769 shares) and Mr Ed Nealon (as to 2,906,075 shares) as the second tranche of a private placement totalling 48,000,000 ordinary shares at a price of GBP 0.0182 (AU$0.0315) per share to raise up to GBP 873,000 (AU$1.5 million) before the costs of the issue.
As detailed in the announcement on 2 October 2013 the placement was conducted in two tranches, with the second tranche being subject to shareholder approval as both Mr Hair and Mr Nealon are Directors of the Company and hence related parties under the provisions of the Australian Corporations Act 2001. Following approval by shareholders at the Company's Annual General Meeting of Shareholders held on 29 November 2013, the Company is pleased to advise that it has received a total of GBP 61,641 and has issued the shares accordingly.
Furthermore, the Company has today received confirmation that a total of 2,150,000 unlisted options exercisable at AU$0.198 issued under the terms and conditions of the Ferrum Crescent Ltd Option Plan, have expired.
For more information, please visit www.ferrumcrescent.com or contact:
Australia and Company enquiries: | UK enquiries: |
Ferrum Crescent Limited Ed Nealon T: +61 8 9380 9653 Executive Chairman
Bob Hair T: +61 414 926 302 Managing Director | Ocean Equities Limited (Broker) Guy Wilkes T: +44 (0) 20 7786 4370
RFC Ambrian Limited (Nominated Adviser) Sarah Wharry T: +44 (0) 20 3440 6800 Jen Boorer T: +44 (0) 20 3440 6800
Ferrum Crescent Limited Laurence Read (UK representative) T: +44 7557672432
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South Africa enquiries: | Sasfin Capital Leonard Eiser T: +27 11 809 7500 |