... á la 'Die Wüste 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.
J Asquith COMPANY SECRETARY
--------------------------------------------------
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 Corporations Law.
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 this Prospectus.
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
1. INTRODUCTION
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 October 2000.
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 Agreement.
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 appointment.
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 COMPANY
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 DIRECTOR
----------
... 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, redcrx |