Renounceable Rights Issue (December 2006) Download ASX Announcement - Renounceable Rights Issue – Outcome Shareholders subscribe to 76.5% (56,457,147 shares) of their entitlement with the remaining shares (17,330,460) reverting to the underwriters. Download the Prospectus for the Renounceable Rights Issue The Prospectus for the pro-rata Renounceable Rights Issue to existing shareholders of 73,787,607 fully paid ordinary New Shares issued in Green Rock Energy on the basis of 1 New Share for every share held at the Record Date of 29 December 2006 is sent to all share holders by mail on 5 January 2007. This document is made available on this website as it still contains relevant information on Green Rock Energy and its business plans. Download the ASX Announcement of a Renounceable Rights Issue On 15 December 2006 the Company announced that a Renounceable Rights Issue of one New Share foe every one share held at the Record date of 29 December 2006 will be made to shareholders at an issue price of 5 cents per share to raise $3,689,380. Share Purchase Plan (December 2005) The Share Purchase Plan offered to shareholders which closed on 2 December 2005 resulted in the allotment of 3,263,000 shares on 13 December 2005. The ASX Status Report announcement can be viewed on the link below. Download the ASX Share Purchase Plan Status Report here On Tuesday 8 November 2005 Green Rock Energy announced through the Australian Stock Exchange (ASX) that a Share Purchase Plan for eligible shareholders to acquire additional fully paid shares in the Company at a discount of approximately 19% would be launched. The announcement of this offer through the ASX can be viewed on the link below. Download the ASX Share Purchase Plan Announcement here.
The capital raised through the Share Purchase Plan will be used primarily to advance the evaluation of the Olympic Dam Geothermal Project and for general working capital. Green Rock Energy is targeting the development of the Olympic Dam hot rock project where the value of renewable energy gives the greatest return on investment and where the development can be implemented in stages.
Subsequent to the 8 November 2005 ASX announcement, all eligible shareholders at the record date (Friday 11 November 2005) will have received a letter dated 15 November 2005, setting out the elements of the scheme. This letter also gives an indicative timetable leading to the quotation of the shares issued on the Australian Stock Exchange on 12 December 2005 and the dispatch of holder statements on 14 December 2005. To view this letter click on the link below. Download the Share Purchase Plan Offer Letter here.
The letter of offer will have contained an Application Form and a reply paid envelope. Shareholders are reminded that the cut-off date for submission of offer Application Forms and payment is 2 December 2005 and are urged to read the documentation sent to them in connection with this plan. The Board recommends that shareholders obtain their own financial advice in relation to the Share Purchase Plan and to consider the price movements of shares in the Company prior to accepting this Offer.
Download a sample of the Application Form here.
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