Red Emperor Resources NL PUBLICATION OF CLEANSING PROSPECTUS (1303N)
January 15 2019 - 3:25AM
UK Regulatory
TIDMRMP
RNS Number : 1303N
Red Emperor Resources NL
15 January 2019
15 January 2019
Red Emperor Resources NL
PUBLICATION OF CLEANSING PROSPECTUS
Red Emperor Resources NL (ASX/AIM: RMP) ("RMP", "Red Emperor" or
the "Company"), announces that it has today lodged with the
Australian Securities and Investments Commission a prospectus
pursuant to section 708A(11) of the Corporations Act 2001 (Cth)
(the "Corporations Act"). The purpose of the offer of up to 10,000
new ordinary shares at an issue price of A$0.05, which is set out
in the prospectus (the "Offer"), is not to raise additional
capital, but rather to facilitate secondary trading of any shares
that may be issued by the Company before the closing date of such
Offer.
To ensure that new ordinary shares issued by the Company are
freely tradeable (i.e. are not subject to secondary trading
restrictions under the Corporations Act) the Company is obliged to
either issue a cleansing notice under section 708A(5) of the
Corporations Act (Cleansing Notice), or issue a prospectus under
section 708A(11) of the Corporations Act.
The Company is unable to issue a Cleansing Notice as its shares
were suspended from trading on the ASX for more than five (5)
trading days over the course of the last 12 months. Accordingly,
the primary purpose of the prospectus is to facilitate secondary
trading of any shares that may be issued by the Company before the
closing date of the abovementioned Offer set out in the prospectus,
including the 100,000,000 new ordinary shares being issued pursuant
to the placing announced on 8 January 2019.
A copy of the prospectus is available on the Company's website
at www.redemperorresources.com.
For further information, please visit
www.redemperorresources.com or contact:
Red Emperor Resources NL +61 8 9212 0102
Greg Bandy
Strand Hanson Limited (Nominated
Adviser) +44 (0)20 7409 3494
James Harris
Brandon Hill Capital (UK Broker) +44 (0)20 34635010
708 Capital Pty Ltd (Australian
Broker) +61 (0) 2 9112 2500
This announcement contains inside information for the
purposes of Article 7 of Regulation (EU) 596/2014.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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