Profile for Warrants
| BTM RESOURCES BERHAD |
|
Instrument Type | Warrants |
| Description | Free detachable warrants issued pursuant to the Rights Issue with Warrants (as defined below) |
| Listing Date | 29/10/2014 |
| Issue Date | 24/10/2014 |
| Issue/ Ask Price | Not Applicable |
| Issue Size Indicator | Unit |
| Issue Size in Unit | 32,587,346 |
| Maturity Date | 23/10/2024 |
| Revised Maturity Date | |
| Exercise/ Conversion Period | 10.00Year(s) |
| Revised Exercise/ Conversion Period |  |
| Exercise/Strike/Conversion Price | MYR 0.2000 |
| Revised Exercise/Strike/Conversion Price | |
| Exercise/ Conversion Ratio | 1 Warrant : 1 BTM Share |
| Revised Exercise/ Conversion Ratio | |
| Mode of satisfaction of Exercise/ Conversion price | Cash |
| Settlement Type/ Convertible into | Physical (Shares) |
| Remarks : |
| The warrants are issued to the entitled shareholders of BTM Resources Bhd ("BTM") pursuant to the renounceable rights issue of up to 118,734,576 new ordinary shares of RM0.20 each in BTM ("BTM Shares") ("Rights Shares") together with up to 47,493,830 free new detachable warrants ("New Warrants") at an issue price of RM0.20 per Rights Share on the basis of two (2) Rights Shares for every one (1) existing ordinary share held as at 5.00 p.m. on 29 September 2014 together with four (4) New Warrants for every ten (10) Rights Shares subscribed, based on a minimum subscription level of 36,328,586 Rights Shares together with 14,531,434 New Warrants (“Rights Issue With Warrants”). Each New Warrant carries the entitlement to subscribe for one (1) new BTM Share at the exercise price of RM0.20 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 12 September 2014 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 October 2014. |
Announcement Info
| Company Name | BTM RESOURCES BERHAD |
| Stock Name | BTM-WB |
| Date Announced | 28 Oct 2014 |
| Category | Listing Information & Profile |
| Reference No | ML-141027-52338 |