Wolf Minerals Limited Grant of ASX Listing Rule Waivers (6578S)
March 21 2016 - 2:00AM
UK Regulatory
TIDMWLFE
RNS Number : 6578S
Wolf Minerals Limited
21 March 2016
21 March 2016
Wolf Minerals Limited
("Wolf" or the "Company")
Grant of ASX Listing Rule Waivers for Funding Facility
Specialty metals producer, Wolf Minerals Limited (ASX: WLF, AIM:
WLFE) ("Wolf" or "the Company") is pleased to announce that it has
been granted a waiver of ASX Listing Rules 10.13.3 and 10.13.5 to
the extent necessary to permit the Company's notice of meeting (the
"Notice") seeking shareholder approval for the issue of up to
272,034,820 shares ("Shares") pursuant to a standby subscription
facility ("Standby Subscription Facility") to be issued to Resource
Capital Fund VI L.P ("RCF VI") to state that the Shares will be
issued later than one month after the date of the shareholders'
meeting, and not to include an issue price, subject to the
following conditions.
1. The Company issues the Shares no later than 1 November 2016.
2. The Notice states that the Shares will be issued at 9.19
pence, unless there is an equity investment in the Company during
the period which the Standby Subscription Facility is open
("Availability Period") at a lower price than 9.19 pence per Share,
in which case the issue price for subsequent tranches of Shares
pursuant to the Standby Subscription Facility will be at that lower
price ("Issue Price").
3. If there is an equity investment in the Company during the
Availability Period, the Company makes a standalone announcement
confirming the Issue Price under the Standby Subscription
Facility.
4. The Notice states that the number of Shares to be issued will
be calculated by dividing the amount to be subscribed in that
tranche by the Issue Price be subscribed in that tranche by the
Issue Price.
5. The Notice includes worked examples of the number of Shares
to be issued under the Standby Subscription Facility.
6. The Company's annual report for any period during which the
Shares are issued to RCF VI discloses details of the number of
Shares that were issued to RCF VI, including the percentage of the
Company's issued capital represented by those Shares.
ENDS
Wolf Minerals Limited: Russell Clark +61 8 6364 3776
Numis Securities: John Prior/James
Black/Paul Gillam +44(0)20 7260 1000
Newgate: Adam Lloyd / Ed Treadwell
/ Helena Bogle +44 (0) 20 7653 9850
About Wolf Minerals
Wolf Minerals is a dual listed ("ASX: WLF", "AIM: WLFE")
specialty metals company. With global demand for tungsten rising
and future global production expected to be constrained, Wolf
Minerals has recently completed the development of a large tungsten
resource at its Drakelands Mine, located at Hemerdon, in southwest
England.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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