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Free detachable warrants in Leweko Resources Berhad ("Leweko") ("New Warrant(s)") issued pursuant to the renounceable rights issue of 183,455,525 new ordinary shares in Leweko ("Leweko Share(s)") ("Rights Share(s)") on the basis of 1 Rights Share for every 2 existing Leweko Shares held, together with 220,146,573 New Warrants on the basis of 6 New Warrants for every 5 Rights Shares subscribed by the Entitled Shareholders as at 5.00 p.m. on Wednesday, 2 December 2020 at an issue price of RM0.09 per Rights Share ("Rights Issue")
Each New Warrant carries the entitlement to subscribe for 1 new Leweko Share at the exercise price of RM0.12 per New Warrant and at any time during the exercise period of 5 years as indicated above (Exercise Period) commencing from and including the issue date and ending at 5.00 p.m. on the expiry date (provided that if such a day is not a market day, then it shall be the market day immediately preceding the said non-market day). The New Warrants are subject to the adjustments in accordance with the provisions of the deed poll dated 18 November 2020 constituting the New Warrants. Any New Warrants not exercised during the Exercise Period will thereafter lapse and cease to be valid for any purpose. This announcement is dated 28 December 2020.