On 16 April 2009, the Directors of Global Nickel Investments Limited ("Global Nickel") lodged a prospectus for a one (1) for four (4) non-renounceable entitlements issue ("Entitlements Issue") to its shareholders to raise approximately $358,950 through the issue of up to 11,965,001 shares ("New Shares") with free attaching options to subscribe for fully paid ordinary shares in Global Nickel ("New Options"). The New Options are exercisable at 10 cents each on or before 30 June 2012.
All Shareholders registered at 5:00pm WST on 29 April 2009 will be entitled to participate in a non-renounceable entitlements issue of New Shares and New Options on the basis of 1 (one) New Share for every 4 (four) shares then held. Generally, shares purchased on market in the period from 23 April 2009 to 29 April 2009 are NOT entitled to participate in the entitlement issue. If you have any doubt, please consult your sponsoring broker.
The New Shares will be issued at a cost of 3 (three) cents per New Share with free attaching New Option. The latest trading price on ASX of the ordinary fully paid shares prior to the date of this notice was 0.037 cents on 16 April 2009.
All shareholders whose registered address is in Australia and New Zealand are eligible to participate. Shareholders whose registered address is outside of Australia or New Zealand are not entitled to participate in the offer.
Full details of the issue are contained in the Prospectus dated 16 April 2009, which was lodged with the Australian Securities & Investments Commission and the Australian Stock Exchange Limited on Wednesday, 16 April 2009. The Prospectus is available by clicking on the button below.
The Prospectus together with an Entitlement and Acceptance Form will be mailed to all eligible shareholders on or about 30 April 2009. Other key dates which shareholders should note are as follows:
23 April 2009.......... Ordinary Shares trade ex-Entitlements on ASX
29 April 2009.......... Record date for determining Entitlements
20 May 2009.......... Closing date for acceptances
25 May 2009.......... Expected date for allotment of new options
Application for New Shares and New Options under the Entitlements Issue may only be made by completing the Entitlement and Acceptance Form which accompanies the Prospectus. Shareholders eligible to participate in the Entitlements issue should read the Prospectus carefully. For further information on the Global Nickel Entitlements Issue you should contact your professional adviser.
Yours faithfully
GLOBAL NICKEL INVESTMENTS LIMITED
Benjamin Cooper
Managing Director