Rights Issue Prospectus
A prospectus in relation to a renounceable right issue was publicly issued, and lodged with the Australian Securities and Investments Commission by Apex Minerals NL (Apex) on 30 September 2009. Eligible shareholders are entitled to subscribe for two new shares for every nine existing shares held at 5pm (Perth, Western Australia time) on the record date of 12 October 2009 at an issue price of $0.04 cents per new share to raise approximately A$108.6 million. Subsribers will also be issued with with one attaching option for every 10 new shares subscribed such options to be issued with a 3 year term and an exercise price of $0.06 cents. Only shareholders on the register on the record date with registered addresses in Australia or New Zealand are eligible to participate in the rights issue.
The number of shares that may be issued under the offer is approximately 2,714,578,362 subject to adjustment for any existing options that may be exercised prior to the record date and adjustments caused by rounding of entitlements. The rights issue is fully underwritten.
The funds raised from the rights issue will be primarily used as follows:
| Description of Cash Outflows | Total Amount |
|---|---|
Buy Back of Existing Senior Secured Notes |
$53.2m |
Re-payment of Short Term Notes |
$10.0m |
Mine Development Capital |
$23.1m |
Working Capital |
$15.2m |
Transaction Costs |
$7.1m |
Total |
$108.6m |
A copy of the rights issue Prospectus is available in electronic form. To download a copy of the rights issue Prospectus, please click on the link below.
The Prospectus is an important document. You should read it in its entirety and consider the risk factors that could affect the performance of Apex Minerals NL before deciding whether to invest in Apex Minerals NL.
An application for new shares and options under the rights issue by an eligible shareholder may only be made on an entitlement and acceptance form accompanying a hard copy of the rights issue Prospectus sent to the eligible shareholder.
New shares and options offered under the Prospectus may only be issued by Apex Minerals NL in response to a hard copy entitlement and acceptance form issued together with the Prospectus where Apex Minerals NL has reasonable grounds to believe that the entitlement and acceptance form was included in, or accompanied by, a complete and unaltered copy of the Prospectus when the form was distributed. A person who gives another person access to an entitlement and application form must at the same time and by the same means give the other person access to the Prospectus. If any supplementary or replacement Prospectus is lodged in relation to the Prospectus, such documents will be made available on this website.
Warning
The Prospectus and other information provided on this website are available to residents of Australia accessing this website in Australia. Due to regulatory requirements, the invitation to apply for new shares under the Prospectus on this website is not extended to investors located or resident outside Australia. If you are accessing this site from anywhere outside Australia DO NOT download, print or view the Prospectus accessible through this web page.
The distribution of the Prospectus available on this website in jurisdictions outside Australia may be restricted by law and persons who come into possession of the Prospectus should seek advice on and must observe any such restrictions. Any failure to comply with such restrictions may constitute a violation of applicable securities laws. The Prospectus does not constitute an offer or invitation to potential investors in any place in which, or to any person to whom, it would not be lawful to make such an offer or invitation. No action has been taken to register the shares or otherwise permit an offering of the shares in any jurisdiction outside of Australia and New Zealand. The Prospectus does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States or to any US person.
Download Prospectus
Click below to download the Prospectus.
The Prospectus file is in PDF format and can be viewed using Adobe Acrobat Reader. 
Apex Minerals NL is not liable for any loss incurred from accessing or relying on this site, including but not limited to data corruption on download.
For more information or if you have any queries please telephone Apex Minerals NL on +61 08 6311 5555.