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Oversubscribed Entitlement Offer: Southern Hemisphere Mining Limited

Southern Hemisphere Mining Limited completed a $540,000 non-renounceable pro rata entitlements offer that was heavily oversubscribed, raising a total of $543,199.46. Shareholders who applied for additional shares beyond their entitlement were allocated up to $1,400 each and the remaining shortfall shares were allocated to underwriters. The proceeds will be used for working capital.

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Jay Ryan Santos
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60 views1 page

Oversubscribed Entitlement Offer: Southern Hemisphere Mining Limited

Southern Hemisphere Mining Limited completed a $540,000 non-renounceable pro rata entitlements offer that was heavily oversubscribed, raising a total of $543,199.46. Shareholders who applied for additional shares beyond their entitlement were allocated up to $1,400 each and the remaining shortfall shares were allocated to underwriters. The proceeds will be used for working capital.

Uploaded by

Jay Ryan Santos
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Southern Hemisphere ASX Announcement 18 August 2020

Mining Limited
Oversubscribed Entitlement Offer
ABN: 17 140 494 784
For personal use only

Highlight
Suite 2
11 Ventnor Avenue • $540,000 Rights issue completed
WEST PERTH, WA
Australia, 6005 Southern Hemisphere Mining Limited (“Southern Hemisphere” or the
“Company”) is pleased to announce that its non-renounceable pro rata
Postal Address:
entitlements offer to raise over $543,000 closed heavily oversubscribed.
PO Box 1240
West Perth WA 6872 The final allocations are set out below:

Phone: +61 (0) 8 6245 2050 Funds Raised Shares


Fax: +61 (0) 8 6245 2055 Entitlements taken up $420,717.84 42,071,784
Shortfall (from entitlement) placed $122,481.62 12,248,162
Website: shmining.com.au Total $543,199.46 54,319,946

Directors:
As a result of the oversubscription from investors for shortfall shares, the
Chairman
Directors conducted a scale-back of applications and all shareholders who
Mark Stowell
applied for additional shares were allocated up to $1,400 each, and the
Directors remainder (<50%) was allocated by underwriters in accordance with the policy
David Lenigas outlined in the offer document.
Keith Coughlan
Proceeds received under the entitlement offer will be used for working capital.
Company Secretary:
Jessamyn Lyons CONTACTS:
For further information on this update or the Company generally, please visit our
Issued Capital: website at www.shmining.com.au or contact:
108,639,892
Jessamyn Lyons
Corporate Information: Company Secretary
ASX Code: SUH [email protected]
Telephone: +61 8 6245 2050

This announcement is authorised by the board of Southern Hemisphere Mining


Limited.

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