Profile for Warrants
| MINETECH RESOURCES BERHAD |
|
Instrument Type | Warrants |
| Description | Warrants issued pursuant to the Rights Issue of Shares with Warrants (as defined below) |
| Listing Date | 08/12/2014 |
| Issue Date | 28/11/2014 |
| Issue/ Ask Price | Not Applicable |
| Issue Size Indicator | Unit |
| Issue Size in Unit | 332,404,500 |
| Maturity Date | 27/11/2019 |
| Revised Maturity Date | |
| Exercise/ Conversion Period | 5.00Year(s) |
| Revised Exercise/ Conversion Period |  |
| Exercise/Strike/Conversion Price | MYR 0.1500 |
| Revised Exercise/Strike/Conversion Price | |
| Exercise/ Conversion Ratio | 1 Warrant : 1 ordinary share of RM0.15 each |
| Revised Exercise/ Conversion Ratio | |
| Mode of satisfaction of Exercise/ Conversion price | Cash |
| Settlement Type/ Convertible into | Physical (Shares) |
| Remarks : |
| The 332,404,500 free detachable warrants (“Warrants”) are issued to the entitled shareholders of Minetech Resources Berhad (“MRB”) pursuant to the renounceable rights issue of 332,404,500 new ordinary shares of RM0.15 each in MRB (“MRB Shares”) (“Rights Shares”) together with 332,404,500 Warrants on the basis of one (1) Rights Share together with one (1) Warrant for every one (1) existing MRB Share held as at 5.00 p.m. on 7 November 2014 at an issue price of RM0.15 per Rights Share (“Rights Issue of Shares with Warrants”). Each Warrant carries the entitlement to subscribe for one (1) new MRB Share at the exercise price (as indicated above) and at any time during the exercise period (as indicated above) (“Exercise Period”) subject to the adjustments in accordance with the provisions of the deed poll dated 24 October 2014, constituting the Warrants. Any Warrants not exercised during the Exercise Period will thereafter lapse and cease to be valid for any purpose. This announcement is dated 5 December 2014. |
Announcement Info
| Company Name | MINETECH RESOURCES BERHAD |
| Stock Name | MINETEC-WA |
| Date Announced | 5 Dec 2014 |
| Category | Listing Information & Profile |
| Reference No | OS-141205-41280 |