redcrx : MYC lebt !
MY CASINO LIMITED 2000-10-20 ASX-SIGNAL-G
HOMEX - Perth
My Casino is pleased to announce the appointment of Mr Michael
O'Donnell as Chairman of My Casino Limited.
Mr A Reitmeier continues as a director of the company.
Mr O'Donnell is a director of listed company Quadrant Australia NL
and brings to My Casino valuable expertise in Information Technology
and Corporate Management.
MY CASINO LIMITED 2000-10-20 ASX-SIGNAL-G
HOMEX - Perth
This Prospectus incorporates by reference, in accordance with section
712 of the Corporations Law, the prospectus issued by Rox Limited
(ACN 093 178 388) on 7 July 2000 in respect of an entitlement issue
to My Casino Limited shareholders (the "Original Prospectus"). A copy
of the Original Prospectus will be given, free of charge, to anyone
who asks for it prior to the Closing Date. This Prospectus is a
"replacement prospectus" within the meaning of section 719 of the
The Original Prospectus contains information about the Company's
assets and liabilities, financial position and performance, profits
and losses, and prospects, as well as information about the rights
and liabilities attaching to the Shares offered for subscription by
the Original Prospectus.
This Prospectus is dated 19 October 2000 and was lodged with ASIC on
19 October 2000. Neither the ASIC nor ASX takes any responsibility
for the contents of this Prospectus.
No Shares will be issued on the basis of this Prospectus after 19
November 2001 (being the expiry date of this Prospectus).
The definitions contained in the Original Prospectus apply throughout
The following dates should be substituted for the corresponding dates
set out in the Original Prospectus:
Closing Date: 31 October 2000
Anticipated date of despatch of holding statements: 6 November 2000
Trading of Shares on ASX expected to commence: 14 November 2000
On 7 July 2000 Rox Limited ("the Company") issued the Original
Prospectus offering for subscription 10,000,000 shares at an issue
price of 20 cents each, with the right to accept oversubscriptions of
up to 2,000,000 shares. The Issue was an entitlement issue to
shareholders of My Casino Limited. The Issue was underwritten by a
European investment group, Mediainvest GmbH. The Company received
applications from investors for a total of 1,560,160 shares up to 7
Due to the low number of applicants applying for a marketable parcel
of shares, the Company and the Underwriter experienced difficulty in
satisfying the shareholder spread requirement of the ASX, and the
Corporations Law requires that if the Shares offered were not quoted
on the ASX by 7 October 2000, all applications monies received must
be returned to the applicants. In accordance with these requirements,
applications monies received by the Company pursuant to the Original
Prospectus are being returned. In addition, as a result of the fall
since the signing of the Underwriting Agreement of more than 10% in
the NASDAQ index, the Underwriter has terminated the Underwriting
However, as a result of an approach received from Far East Capital
Limited, a specialist small mining company financier and corporate
adviser based in Sydney, Australia, the Company is now confident of
completing the Issue by 31 October 2000 and of satisfying the ASX's
shareholder spread requirements by that date. To facilitate that
process, the Company has issued this Prospectus.
This Issue will no longer be an entitlements issue to My Casino
shareholders, and applications for Shares can be lodged by non-
shareholders. The Directors reserve the right, however, to decline
any application received or to allot any lesser number of Shares than
that applied for.
2. MINIMUM SUBSCRIPTION
The minimum subscription to the Issue is now 11,100,000 Shares. If
the Company does not receive applications from investors for the
minimum subscription within 4 months after the date of this
Prospectus, no Shares will be allotted and all application moneys
will be repaid within 7 days, without interest.
3. PROPOSED APPOINTMENT OF NEW EXECUTIVE CHAIRMAN
It is proposed that, upon completion of the Issue, Warwick Grigor
will join the board of directors as Executive Chairman.
Mr Grigor is a graduate of the Australian National University having
completed degrees in law and economics. His association with the
mining industry commenced with a position in the finance department
of Hamersley Iron, and from there he moved to Jackson, Graham, Moore
and Partners to become Australia's first specialist gold mining
analyst. Having established Jackson as a leading gold research
stockbroker, Mr Grigor left to be the founding research partner at
Pembroke Securities and then the senior gold analyst at County
NatWest Securities for five years. He retired from County in 1991 to
found Far East Capital Limited ("FEC"), a specialist small mining
company financier and corporate adviser. Since its inception, FEC has
raised substantial equity capital for its clients, with the most
notable success being the initial public offering of Anaconda Nickel
NL. Mr Grigor is a director of and substantial shareholder in First
Australian Resources NL, a successful oil and gas producer in the USA
and an active explorer in the USA, Australia's Carnarvon Basin and in
Papua New Guinea.
Dr Andreas Reitmeier will resign as a director upon Mr Grigor's
4. FUNDRAISING FEES AND DIRECTOR'S INTEREST
Far East Capital Limited will receive a fee of 6% in respect of
Shares comprised in the Issue placed by it. Mr Grigor is a director
of, and has a financial interest in, Far East Capital Limited.
5. MULGARRIE PROJECT
The Company has a 51% interest in this prospective nickel and gold
exploration project. In August 2000 QNI Exploration and Development
Pty Ltd ("QNI"), which was earning a 51% interest in the project by
spending $1.5 million by March 2001, advised of its intention to
withdraw from the joint venture. The Company remains confident of the
prospectivity of the project, and is currently in the process of
reviewing the results of QNI's exploration activities in detail and
designing an updated exploration programme. The Company is also
considering whether to seek new joint venture partners to assist in
funding further exploration activities.
6. SALE AND PURCHASE AGREEMENT BETWEEN MY CASINO LIMITED AND THE
My Casino Limited and the Company have agreed to extend the date for
the satisfaction of the conditions precedent in respect of the sale
and purchase agreement (dated 6 July 2000) to 31 December 2000.
7. STOCK EXCHANGE LISTING
Application for admission of the Company to the Official List has
been made by the Company. Application for Official Quotation of the
Shares offered by this Prospectus will be made to ASX within seven
days after the date of this Prospectus.
If permission is not granted for the Company to be admitted to the
Official List of ASX and for Official Quotation of the Shares before
the end of three months after the date of the issue of this
Prospectus, then all application monies received pursuant to this
Prospectus will be refunded in full, without interest.
8. DIRECTORS' CONSENTS
In accordance with Section 720 of the Corporations Law, each Director
and each Proposed Director has consented in writing to the lodgement
of this Prospectus.
P J Flint
... hatte eigentlich erwartet, Dr. Dr. Goldhotline würde nun bei MYC unauffällig abtreten - nun ja.
Die zweite Meldung betrifft wohl nur die Goldexploration.
Grüße an die Casino und Gold Arivaner,