Accelerated Non-Renounceable Entitlement Offer Prospectus
Before downloading, printing or viewing the Prospectus, please carefully read this information. By accessing the Prospectus (by clicking on the link below) you agree to and acknowledge that you have read and accept these terms and conditions of access. The information on this page is not part of the Prospectus. If you do not understand it, you should consult your professional adviser without delay.
RIGHTS ISSUE PROSPECTUS NOTICE AND ACCESS TERMS
WA Kaolin Limited (ACN 083 187 017) (Company) has lodged a prospectus dated 5 February 2025 (Prospectus) with the Australian Securities and Investments Commission (ASIC) that contains:
- a pro rata accelerated non-renounceable entitlement offer of approximately 174,544,708 Shares at an issue price of $0.04 per Share to Eligible Shareholders on the basis of one (1) new Share for every three (3) Shares held as at the Record Date, together with one (1) free new unlisted Option for each two (2) new Shares issued ($0.09 exercise price, 30 June 2027 expiry) (Attaching Options) to raise up to approximately $7.0 million (before costs) (Offer); and
- an offer to Eligible Shareholders (and other investors nominated by the Underwriter) to apply for additional Shares and Options comprising Shortfall Securities arising as a consequence of any Shares and Options not being applied for and issued under the Offer (Shortfall Offer),
together the Offers.
The Offer is being made to Shareholders with a registered address in Australia, New Zealand, Hong Kong, Singapore, the United Kingdom, European Union (excluding Austria), Taiwan and the United States who were registered holders of Shares on 10 February 2025.
If you are accessing the electronic version of this Prospectus for the purpose of subscribing for the Offer, you must be a resident of Australia or New Zealand or otherwise in a country where it is lawful for the Offers to be made under the Prospectus.
The Offers do not, and are not intended to, constitute an offer in any place or jurisdiction in which, or to any person to whom, it would not be lawful to make such an offer or to issue this Prospectus. The distribution of the Prospectus in jurisdictions outside Australia may be restricted by law and persons who come into possession of the Prospectus should seek advice on and observe any of these restrictions. Failure to comply with these restrictions may violate securities laws.
Without limiting the above, the Prospectus does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States of America or to any US person (as defined in regulations under the US Securities Act of 1933, as amended (US Securities Act)), and is not available to persons in the United States of America or to US persons, except for a limited number of shareholders of the Company who are “accredited investors” (as defined in Rule 501(a) under the US Securities Act).
Hard copies of the Prospectus are available free of charge upon request to the Company on (08) 9439 6300 or by email at admin@wakaolin.com.au.
Acknowledgement
By clicking the download button below, you acknowledge and agree that you have read and understood the above statements and:
1. if you are a resident of Australia or New Zealand, you are requesting a copy of the Prospectus from within Australia or New Zealand; or
2. if not a resident of Australia or New Zealand you have consulted your professional adviser as to whether any governmental or other consents are required or whether any other formalities need to be considered and followed before accessing the Prospectus.
Declaration