| Thu 19 Dec 2013, 9:00 | | FERRUM CRESCENT LIMITED - Issue of shares to directors under the provisions of the Australian Corporations Act 2001 |
|
FCR 201312190007A
Issue of shares to directors under the provisions of the Australian Corporations Act 2001
FERRUM CRESCENT LIMITED
(Incorporated and registered in Australia and registered as an
external company in the Republic of South Africa)
(Registration number A.C.N. 097 532 137)
(External company registration number 2011/116305/10)
Share code on the ASX: FCR
Share code on AIM: FCR
Share code on the JSE: FCR ISIN: AU000000FCR2
("Ferrum Crescent", the "Company")
ISSUE OF SHARES
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:
Ferrum Crescent Limited
Ed Nealon T: +61 8 9380 9653
Executive Chairman
Bob Hair T: +61 414 926 302
Managing Director
UK enquiries:
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
South Africa enquiries:
Sasfin Capital
Leonard Eiser
T: +27 11 809 7500
19 December 2013
Johannesburg
Sponsor
Sasfin Capital (a division of Sasfin Bank Limited)
Date: 19/12/2013 09:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
