PERTH, AUSTRALIA / ACCESSWIRE / September 1, 2022 / Tempus Resources Ltd (“tense” or “the Company”) (ASX:TMR)(TSXV:TMRR)(OTCQB:TMRFF) is pleased to confirm that its pro rata non-cancellable entitlement offering (Entitlement Offer) to Australian and New Zealand resident shareholders of 1 fully paid ordinary share (Split) for every 2 shares held at an issue price of AUD$0.05 per new share, together with 1 free follow-up option for each new share issued (permission option), with a raising of approximately A$3.9 million, closed 29 August 2022.
The Company intends to apply for listing of the Entitlement Options entitling the holder to purchase one common share at an exercise price of A$0.075 for a period of 36 months from the date of issuance.
The rights offering was strongly supported by eligible shareholders who, pursuant to their claims, applied for 38,148,166 new shares valued at approximately A$1.9 million.
The results of the entitlement offer are as follows:
|
number of shares |
gross receipts |
Percentage of entitlement offer |
|
| Total number of shares offered in the rights offering (including prohibited holdings) |
77,965,727 |
$3,898,286 |
100% |
| Total number of shares requested by eligible shareholders |
38.148.166 |
$1,907,408 |
48.9% |
| shortfall |
39.817.561 |
$1,990,878 |
51.1% |
Eligible Shareholders applying for their full eligibility under the Eligibility Offer were able to make use of a Shortfall Offer (shortfall offer).
The rights offering is being made in part by Mr. Alexander Molyneux, a director of the Company (insurer), for the amount of $125,000. Accordingly, the Underwriter will subscribe 2,500,000 new shares (with 2,500,000 subscription options) of the 39,817,561 shares (and resulting subscription options) under the shortfall under the subscription offering (shortfall in securities) in accordance with Section 6.5 of the …
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