West Australian gold explorer Focus Minerals Limited (ASX: FML) refers to its ASX announcement on 30 December 2021 regarding its non-renounceable entitlement offer of new Focus shares (New Shares) at an issue price of $0.25 per New Share (Entitlement Offer), which closed on 23 December 2021.
In addition to the 102,011,786 New Shares that have been issued pursuant to acceptances under the
Entitlement Offer, a further 1,798,294 New Shares have been issued for the purposes of Canaccord
Genuity (Australia) Limited, in its role as nominee for non-eligible foreign shareholders of Focus, selling
those further New Shares and remitting the net proceeds of sale to non-eligible foreign shareholders of
Focus (see further, the company’s offer booklet released to the ASX on 3 December 2021). These further
New Shares are to be quoted under the same separate class ‘FMLNA’ that the other New Shares have
been issued under.
As a result of the issue of these further New Shares:
- a total of 103,810,080 New Shares have been issued under the Entitlement Offer (comprising the
102,011,786 New Shares referred to in the company’s announcement on 30 December 2021 plus
the 1,798,294 further New Shares referred to above); and
- although Shandong Gold will still hold a total of 181,039,908 shares in the company after the
issue of all New Shares, this represents 63.18% and not 63.58% of the company’s expanded
issued share capital (as announced on 30 December 2021).