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Non-Renounceable Issue - Letter to Eligible Shareholders

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Release Time: 20-OCT-2017 08:24:52

ASX Code: COM

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Announcement Title: Non-Renounceable Issue - Letter to Eligible Shareholders 

Dear Shareholder,  

ComOps Limited – Non-renounceable Entitlement Offer 

On 19 October 2017, ComOps Limited (Company) announced a fully underwritten, pro rata non-renounceable entitlement offer of one (1) fully paid ordinary share (New Share) for every four (4) fully paid ordinary shares held as at 7.00pm Sydney time on 24 October 2017 (Record Date) to shareholders with a registered address in Australia or New Zealand (Eligible Shareholders) (Entitlement Offer). 

Pursuant to the Entitlement Offer, the Company will issue up to approximately 197,938,354 New Shares at an issue price of $0.007 each, to raise up to approximately $1,385,568 (before costs).   

The proceeds of the Entitlement Offer will be used towards working capital, business development in the Asia Pacific region, global business development and delivery of its ports strategy and to pay for offer costs.  In the event that circumstances change or other opportunities arise, the Directors reserve the right to vary the proposed use of funds to maximise benefits to shareholders.

 

the full letter can be downloaded here