Source - RNS
RNS Number : 1303N
Red Emperor Resources NL
15 January 2019
 

15 January 2019

 

Red Emperor Resources NL

PUBLICATION OF CLEANSING PROSPECTUS

 

Red Emperor Resources NL (ASX/AIM: RMP) ("RMP", "Red Emperor" or the "Company"), announces that it has today lodged with the Australian Securities and Investments Commission a prospectus pursuant to section 708A(11) of the Corporations Act 2001 (Cth) (the "Corporations Act").  The purpose of the offer of up to 10,000 new ordinary shares at an issue price of A$0.05, which is set out in the prospectus (the "Offer"), is not to raise additional capital, but rather to facilitate secondary trading of any shares that may be issued by the Company before the closing date of such Offer.

 

To ensure that new ordinary shares issued by the Company are freely tradeable (i.e. are not subject to secondary trading restrictions under the Corporations Act) the Company is obliged to either issue a cleansing notice under section 708A(5) of the Corporations Act (Cleansing Notice), or issue a prospectus under section 708A(11) of the Corporations Act.

 

The Company is unable to issue a Cleansing Notice as its shares were suspended from trading on the ASX for more than five (5) trading days over the course of the last 12 months.  Accordingly, the primary purpose of the prospectus is to facilitate secondary trading of any shares that may be issued by the Company before the closing date of the abovementioned Offer set out in the prospectus, including the 100,000,000 new ordinary shares being issued pursuant to the placing announced on 8 January 2019. 

 

A copy of the prospectus is available on the Company's website at www.redemperorresources.com.

For further information, please visit www.redemperorresources.com or contact:

Red Emperor Resources NL

+61 8 9212 0102

Greg Bandy


Strand Hanson Limited (Nominated Adviser)

+44 (0)20 7409 3494

James Harris


Brandon Hill Capital (UK Broker)

+44 (0)20 34635010

708 Capital Pty Ltd (Australian Broker)

+61 (0) 2 9112 2500

 

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.

 

 

 

 


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