Extension of Offer Period
November 04 2008 - 5:13AM
UK Regulatory
UNION RESOURCES LIMITED
Non-Renounceable Rights Issue - Extension of Offer Period
The Company has decided to extend the closing date under its 1 for 5
non-renounceable rights issue by two weeks from 12 November 2008 to 26 November
2008. Accordingly the revised timetable for the rights issue is as follows:
1. Announcement of Rights Issue to ASX 7 October
2. Application to ASX for quotation of Shares
(Appendix 3B)
3. Lodge Prospectus with ASX
Notice to Shareholders containing information in 9 October
Appendix 3B
Shares trade "Ex" the entitlements issue on the 10 October
ASX
Record Date to identify Eligible Shareholders and 16 October
to determine Entitlements under the Prospectus
1. Despatch of Prospectus and Entitlement and 21 October
Acceptance Form ("Opening Date")
2. Advise ASX that despatch completed
Closing Date 26 November
Securities quoted on a deferred settlement basis 27 November
ASX notified of under-subscriptions 1 December
Despatch Share Holding Statements 4 December
Expected commencement of trading of new shares on 5 December
ASX
Please find attached the letter which has been sent to the Company's
shareholders notifying of the extension of the offer period under the rights
issue.
Yours faithfully
UNION RESOURCES LIMITED
John Lemon
Company Secretary
Dear Shareholder
A. NON-RENOUNCEABLE 1 FOR 5 RIGHTS ISSUE - EXTENSION OF CLOSING DATE
As you are aware the Company is currently conducting a one (1) for five (5)
non-renounceable rights issue. A prospectus for the rights issue has previously
been sent to you.
The purpose of this letter is to advise you that the Company is extending the
closing date under the rights issue by two weeks from Wednesday 12 November
2008 to Wednesday 26 November 2008. Accordingly, the revised timetable for the
rights issue (which supersedes the timetable on page 1 of the prospectus sent
to you) is as follows:
1. Announcement of Rights Issue to ASX 7 October
2. Application to ASX for quotation of Shares (Tuesday)
(Appendix 3B)
3. Lodge Prospectus with ASX
Notice to Shareholders containing information in 9 October
Appendix 3B
(Thursday)
Shares trade "Ex" the entitlements issue on the 10 October
ASX
(Friday)
Record Date to identify Eligible Shareholders and 16 October
to determine Entitlements under the Prospectus
(Thursday)
1. Despatch of Prospectus and Entitlement and 21 October
Acceptance Form ("Opening Date")
(Tuesday)
2. Advise ASX that despatch completed
Closing Date 26 November
(Wednesday)
Securities quoted on a deferred settlement basis 27 November
(Thursday)
ASX notified of under-subscriptions 1 December
(Monday)
Despatch Share Holding Statements 4 December
(Thursday)
Expected commencement of trading of new shares on 5 December
ASX
(Friday)
Therefore if you wish to take up shares under the rights issue and you haven't
already done so you should complete the Entitlement and Acceptance Form
previously sent to you with the Prospectus and return it in accordance with the
instructions in Section 4.2 of the Prospectus by 5.00 pm (EDST) on 26 November
2008.
B. NAMIBIAN PHOSPHATE PROJECT - JOINT VENTURE
Please find attached for your information a copy of the Company's release to
the Australian Securities Exchange (ASX) dated 27 October 2008 advising details
of the Company's new joint venture with Australian company Bonaparte Diamond
Mines NL and Namibian company Tungeni Investments cc.
Yours faithfully
UNION RESOURCES LIMITED
James Collins-Taylor
Chairman
Enquires to:
London: Hanson Westhouse Limited
Anita Ghanekar or Martin Davison 0207 601 6100
Bankside Consultants
Simon Rothschild / Louise Mason 0207 367 8888
Disclaimer
The distribution of the Prospectus in jurisdictions outside Australia may be
restricted by law and persons who come into possession of the Prospectus should
seek advice on and observe any of these restrictions. Failure to comply with
these restrictions may violate securities laws. Applicants who are resident in
countries other than Australia should consult their professional advisers as to
whether any governmental or other consents are required or whether any other
formalities need to be considered and followed.
END
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