ASX ANNOUNCEMENT | 8 August 2019 |
OVERSUBSCRIPTION FOR OFFER OF NEW OPTIONS
BMG Resources Limited (ASX: BMG) (BMG or the Company) is pleased to announce that the offer of up to 346,502,334 New Options, exercisable at $0.02 on or before 31 December 2019, as announced on 15 July 2019 has been oversubscribed.
The Company is reviewing the applications list, with the intention of ensuring all applicants who were holders of BMGOA Options receive, at a minimum, New Options equal to the number of BMGOA Options they held as at 30 June 2019.
The indicative timetable presented in the Prospectus advised that the Company intended to issue the New Options on Friday 9th August 2019. The Company now intends to issue the New Options and despatch holding statements on Tuesday 13th August 2019, with quotation of the Options to be sought on Wednesday 14th August 2019.
***ENDS***
For further information, shareholders and media please contact:
Sean Meakin, Company Secretary
BMG Resources Limited
Phone: +61 8 9424 9390
Email: enquiry@bmgl.com.au
Website: www.bmgl.com.au
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BMG Resources | ACN: 107 118 678 | T: (61 8) 9424 9390 | E: enquiry@bmgl.com.au | www.bmgl.com.au
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BMG Resources Limited published this content on 09 August 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 August 2019 14:50:05 UTC