ROC is pleased to announce an equity capital raising comprising an institutional placement of approximately 88 million shares and a share purchase plan ("SPP") to enable eligible shareholders to subscribe for up to A$15,000 of ordinary shares (subject to the grant of relief from the Australian Securities Exchange ("ASX")).
The equity capital raising is to strengthen ROC's balance sheet and provide financial flexibility to implement future development projects. Proceeds raised under the offer will be used to:
Key details of the institutional placement include the following:
Share Purchase Plan
Key details of the SPP include the following:
Full details of the SPP will be provided in documentation which will be released to the ASX and distributed to shareholders.
At this time it is anticipated that the trading halt currently in place on the ASX will be lifted at the commencement of trading on June 29, 2009, pending successful completion of the institutional placement.
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