To view the PDF file, sign up for a MySharenet subscription.

TAWANA RESOURCES NL - Underwriting of Options expiring 30 July 2013

Release Date: 30/07/2013 09:54
Code(s): TAW     PDF:  
Wrap Text
Underwriting of Options expiring 30 July 2013

Tawana Resources NL
(Incorporated in Australia)
(Registration number ACN 085 166 721)
Share code on the JSE Limited: TAW
ISIN: AU000000TAW7
Share code on the Australian Stock Exchange Limited: TAW
ISIN: AU000000TAW7
(“Tawana” or “the Company”)



UNDERWRITING OF OPTIONS EXPIRING 30 JULY 2013

Tawana Resources NL (ASX: TAW, the Company) is pleased to announce it has executed
an Underwriting Agreement that will see the Company’s Unlisted Options expiring on 30
July 2013 fully underwritten, providing guaranteed funds of approximately $500,000 to the
Company.

Canaccord Genuity (Australia) Limited (Canaccord) has been appointed Lead Manager and
Underwriter to the Option Underwriting.

The Company has a tranche of Unlisted Options on issue, consisting of 50 million options
with a strike price of $0.01 and an expiry date of 30 July 2013.

Under the terms of the Underwriting Agreement, Canaccord has arranged for the
subscription of fully paid ordinary shares in the Company equivalent to the number of
options detailed above which are not exercised prior to 30 July 2013.

In consideration for the Underwriting, Canaccord will receive an underwriting fee of 5% on
the total underwritten amount. The Underwriting Agreement is on standard terms and
conditions for an agreement of its type.

Allotment of any shares issued pursuant to the underwriting of the 50m Unlisted Options
will be made within ten business days from the expiry date of the Unlisted Options.

The underwriting has been strongly supported by existing and new investors and reflects
the quality of the Company’s Mofe Creek Iron Ore Project.

For further information please contact:

Lennard Kolff van Oosterwijk
MD Tawana Resources
Tel: +61 7 35102115, Mob: +61 424942589


The information in this report that relates to Exploration Results, Mineral Resources or Ore
Reserves is based on information compiled by Lennard Kolff van Oosterwijk, who is a Member of
the Australian Institute of Geoscientists included in a list promulgated by the ASX from time to
time. Lennard Kolff van Oosterwijk is a full-time employee of the company and has sufficient
experience which is relevant to the style of mineralisation and type of deposit under consideration
and to the activity which he is undertaking to qualify as a Competent Person as defined in the
2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and
Ore Reserves’. Lennard Kolff van Oosterwijk consents to the inclusion in the report of the matters
based on his information in the form and context in which it appears.

30 July 2013

Sponsor
PricewaterhouseCoopers Corporate Finance (Pty) Ltd

Date: 30/07/2013 09:54:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Share This Story