22 March 2017
CONVERTIBLE NOTE ISSUERMG Limited (RMG or the Company) is pleased to advise it has raised an additional $0.5m by the issue of convertible notes.
The Company has raised $0.5m by the issue of 500,000 convertible notes at $1 each. The terms of the notes are:
An Interest rate of 10%pa;
The notes are unsecured;
The term is 12 months; and
The conversion price is $0.013 per share and is subject to shareholder approval.
Following the recently announced placement to raise $1.178m and the repayment of existing debt facilities the Company has approximately $1.6m to utilise in its search for development projects and maintenance of the Chile project.
End
For further information please contact: Mr Robert Kirtlan Mr John Zee
+61 8 9388 6020 +61 411 118 882
About RMG:
RMG holds permits in the northern part of Chile. The project is called Tuina and is located approximately 50km from the world's second largest copper mine, Chuquicamata. The Tuina district has had mining of mantos style deposits for several decades and is considered to have significant potential for new discoveries and extraction of sulphide ore which to date has not been mined. RMG is focused on acquiring a producing or near term producing mine to provide cashflow and opportunities for further acquisitions. Please visit the Company's website for more information.
Suite 5 Level 1, 12-20 Railway Road
Subiaco WA 6008
Phone +61 8 9388 6020 Email info@rmgltd.com.au www.rmgltd.com.au
22 March 2017
Company Announcements Office ASX Limited
Dear Sir/Madam,
ISSUE OF RMG LIMITED SECURITIES - SECONDARY TRADING NOTICE ‐ NOTIFICATION PURSUANT TO PARAGRAPH 708A(5)(e) OF THE CORPORATIONS ACT 2001 ("Act")RMG Ltd ("Company") has issued a total of 500,000 convertible notes with a face value of
$1.00 per note to sophisticated and overseas investors to raise $500,000. An Appendix 3B is attached to this notice. ("Securities").
Secondary Trading ExemptionThe Act restricts the on‐sale of securities issued without disclosure, unless the sale is exempt under section 708 or 708A. By the Company giving this notice, sale of the Securities noted above will fall within the exemption in section 708A(5) of the Act.
The Company hereby notifies ASX under paragraph 708A(5)(e) of the Act that:
the Company issued the Securities without disclosure to investors under Part 6D.2 of the Act;
as at 22 March 2017 the Company has complied with the provisions of Chapter 2M of the Act as they apply to the Company, and section 674 of the Act; and
as at 22 March 2017 there is no information:
that has been excluded from a continuous disclosure notice in accordance with the ASX Listing Rules; and
that investors and their professional advisers would reasonably require for the purpose of making an informed assessment of:
the assets and liabilities, financial position and performance, profits and losses and prospects of the Company; or
the rights and liabilities attaching to the Securities.
Yours faithfully
RMG Limited Lloyd FlintCompany Secretary
Appendix 3B New issue announcement
Appendix 3BRule 2.7, 3.10.3, 3.10.4, 3.10.5
New issue announcement, application for quotation of additional securities and agreementInformation or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.
Introduced 01/07/96 Origin: Appendix 5 Amended 01/07/98, 01/09/99, 01/07/00, 30/09/01, 11/03/02, 01/01/03, 24/10/05, 01/08/12
Name of entity
RMG LIMITED
ABN
51 065 832 377
We (the entity) give ASX the following information.
Part 1 - All issuesYou must complete the relevant sections (attach sheets if there is not enough space).
1. Unlisted convertible notes
1 +Class of +securities issued or to be issued
1. 500,000
Number of +securities issued or to be issued (if known) or maximum number which may be issued
1. Unlisted convertible notes with a face value of $1.00each; a term of 12 months; interest of 10%pa; unsecured; conversion price of
$0.013 per share; subject to shareholder approval.
Principal terms of the +securities (eg, if options, exercise price and expiry date; if partly paid
+securities, the amount outstanding and due dates for payment; if
+convertible securities, the conversion price and dates for conversion)
+ See chapter 19 for defined terms.
01/08/2012 Appendix 3B Page 1
Appendix 3B
New issue announcement
1. No
1. From conversion date or redemption date
1. Do not participate in dividend
1. Do not rank
Do the +securities rank equally in all respects from the date of allotment with an existing +class of quoted +securities?
If the additional securities do not rank equally, please state:
the date from which they do
the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment
the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment
1. $1.00 per note
Issue price or consideration
Pursuant to a convertible note subscription agreement with sophisticated and overseas investors
Purpose of the issue
(If issued as consideration for the acquisition of assets, clearly identify those assets)
Yes
6a Is the entity an +eligible entity that has obtained security holder approval under rule 7.1A?
If Yes, complete sections 6b - 6h in relation to the +securities the subject of this Appendix 3B, and comply with section 6i
30 November 2016
6b The date the security holder resolution under rule 7.1A was passed
1. 500,000
6c Number of +securities issued without security holder approval under rule 7.1
1. n/a - unlisted
6dNumber of +securities issued with security holder approval under rule 7.1A
+ See chapter 19 for defined terms.
Appendix 3B Page 2 01/08/2012
RMG Limited published this content on 22 March 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 22 March 2017 06:53:12 UTC.
Original documenthttp://www.rmgltd.com.au/images/stories/20170322_Issue_of_Convertible_note.pdf
Public permalinkhttp://www.publicnow.com/view/1336422B32FFCAFF09B1DB9CA7B8E48050441050