Newera: PRIORITY OFFER TO LISTED OPTION HOLDERS
March 21 -- Newera Resources Limited (ASX: NRU and NRUO) is pleased to advise that the Company will undertake a priority offer to its listed option holders (Priority Offer), being those holders of listed options (ASX: NRUO) exercisable at $0.03 each and expiring on 30 June 2013 (Options).
A record date for determining those option holders eligible to participate in the Priority Offer (Eligible Optionholder) will be announced shortly (Record Date).
Under the Priority Offer, each Eligible Optionholder will have the right to subscribe for one (1) new option to acquire a fully paid ordinary share in the Company (Priority Offer Option) for every one (1) Option held as at the Record Date.
Each Priority Offer Option will have an issue price of $0.0005, be exercisable at $0.03 and will expire on or before 16 January 2015. The Company will apply for quotation of the Priority Offer Options on the ASX.
The Priority Offer will be made pursuant to a prospectus to be lodged with the Australian Securities and Investments Commission and the Company intends to hold a general meeting of its shareholders in May at which it will seek approval to grant the Priority Offer Options, including those to be issued to related parties of the Company in their capacities as existing Option holders.
A notice of meeting to seek the relevant shareholder approvals will be announced and despatched to shareholders within the coming weeks.
A record date for determining those option holders eligible to participate in the Priority Offer (Eligible Optionholder) will be announced shortly (Record Date).
Under the Priority Offer, each Eligible Optionholder will have the right to subscribe for one (1) new option to acquire a fully paid ordinary share in the Company (Priority Offer Option) for every one (1) Option held as at the Record Date.
Each Priority Offer Option will have an issue price of $0.0005, be exercisable at $0.03 and will expire on or before 16 January 2015. The Company will apply for quotation of the Priority Offer Options on the ASX.
The Priority Offer will be made pursuant to a prospectus to be lodged with the Australian Securities and Investments Commission and the Company intends to hold a general meeting of its shareholders in May at which it will seek approval to grant the Priority Offer Options, including those to be issued to related parties of the Company in their capacities as existing Option holders.
A notice of meeting to seek the relevant shareholder approvals will be announced and despatched to shareholders within the coming weeks.
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