Cleansing StatementWed, 11 Apr 2012 16:14:00 +1000 52 minutes ago
11 April 2012 CLEANSING STATEMENT – PLACEMENT Echo Resources Limited (ASX:EAR, “Company”) wishes to advise that the Company has issued a total of 10,830,000 fully paid ordinary shares at a price of 6 cents per Share pursuant to a placement to institutional and sophisticated investors (Placement Shares), as announced on 4 April 2012. Please kindly find the Cleansing Statement for the placement enclosed. The Board advises that Dr Ernst Kohler has not consented to the placement.
For more information, please contact: Mr Graham Anderson Chairman 0417 934 535 Mr Simon Owen Director 0413 777 286 11 April 2012 CLEANSING STATEMENT - PLACEMENT On 11 April 2012, Echo Resources Limited (ASX:EAR, “Company”) issued a total of 10,830,000 fully paid ordinary shares at a price of 6 cents per Share pursuant to a placement to institutional and sophisticated investors (Placement Shares), as announced on 4 April 2012. In accordance with the requirements of section 708A(5)(e) of the Corporations Act 2001 (Act), under which this notice is given, the Company confirms that: 1. 2.
the Placement Shares are part of the class of ordinary shares quoted on the ASX; the Company issued the Placement Shares without disclosure to investors under Part 6D.2 of the Act, in reliance on section 708; as at the date of this notice: (a) the Company has complied with the provisions of Chapter 2M of the Act as they apply to the Company; the Company has complied with section 674 of the Act (as it applies to the Company); and 3. (b) 4. as at the date of this notice there is no excluded information (as that expression is defined in sections 708A(7) and 708A(8) of the Act) in relation to the Company.
Graham Anderson Chairman and Company Secretary Neither this notice nor the Appendix 3B is an offer of securities for sale in the United States. No security of Echo Resources Limited has been registered under the United States Securities Act of 1993 (U.S. Securities Act), and no such security may be offered or sold in the United States absent registration under the U.S.
Securities Act and applicable state securities laws or an exemption from registration under the U.S. Securities Act and such laws.. |