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6 Nov 2014 07:00
6 November 2014
Ferrum Crescent Limited
("Ferrum Crescent", the "Company" or the "Group") (ASX: FCR, AIM: FCR, JSE: FCR)
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Results of Entitlements Offer
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Ferrum Crescent today announces the results of its entitlements offer, announced on 9 October 2014 (Entitlements Offer). The Company offered under the Entitlements Offer issue 2 new shares for every 3 existing shares in the Company (Shares) held on the Record Date (20 October 2014), to raise up to approximately A$2 million (before costs, and subject to rounding and currency exchange rates).
Under the Entitlements Offer, there were 253,735,414 Shares on offer. The Company announces that it has received payment for a total of 49,065,642 Shares, meaning that there is a shortfall under the Entitlements Offer of 204,669,772 Shares.
The Entitlements Offer was underwritten by Patersons Securities Limited to the extent of 107,500,000 Shares, so that 58,434,358 Shares will be issued by the Company pursuant to that underwriting agreement. This will result in a total issue of 107,500,000 Shares, resulting in gross receipts to the Company of A$860,000.
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For more information regarding the Entitlements Offer please contact:
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Australia enquiries: | UK enquiries: |
Ferrum Crescent Limited Tom Revy T: +61 8 9367 5681 Managing Director Patersons Securities Jess Lyons T: +61 8 9225 2861 Â Â | Ferrum Crescent Limited Laurence Read (UK representative) T: +44 7557672432 RFC Ambrian Limited (Nominated Adviser) James Biddle/Andrew Thomson T: +44 (0) 20 3440 6800 Â |
South Africa enquiries: | Sasfin Capital Sharon Owens T: +27 11 809 7500 |
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