Media ReleasesAcap Resources

View All Acap Resources News

A-Cap Resources Limited (ASX:ACB) Letter to Shareholders and Operational Update

Letter to Shareholders and Operational Update
Share Purchase Plan
On 24 November 2010 A-Cap Resources Limited (“ACB”) announced a Share Purchase Plan (“SPP”) for eligible shareholders.
On behalf of your Board and as a shareholder of the Company, I am pleased to offer you the opportunity to increase your investment in ACB though participation in the A-Cap Resources Limited SPP to purchase up to $15,000 worth of shares in the Company at a price of 42 cents per share, with no associated costs.
On a personal note as a shareholder I am also eligible to participate in this scheme and I will be taking up my full entitlement. I believe that exciting times lay ahead for A-Cap and as world demand for uranium grows the discovery we have made in Botswana will become a strategically important asset of increasing value. I therefore hope you will take this opportunity to join me in supporting the Company.
Background & Purpose
The purpose of the SPP is to raise funds for the completion of a feasibility study and to continue the resource drill out of the Company’s Letlhakane Uranium Project in Botswana and to provide general working capital.
The planned completion of a feasibility study and drilling program is to be partially funded by the recent placement to professional investors at 42 cents a share.
ACB has decided to raise the additional required funds by way of an SPP in order to provide existing shareholders with the opportunity to acquire new ACB shares at a potentially attractive price ahead of further exploration and development activity as detailed in the attached Operational Update Report.
The Board is now pleased to offer this SPP opportunity to eligible shareholders at the same price as the placement – 42 cents.

For further information on the Company’s current and planned exploration and development program, see the Operational Update Report contained in the full ASX announcement or visit the Company’s website at
Share purchase plan details are contained in the full ASX announcement.
Operational Update

A-Cap is the first company to produce a JORC compliant uranium resource in Botswana. The board of A-Cap firmly believes that as further exploration dollars are spent in Botswana, it will become a significant contributor to the world uranium inventory.
More information and recent highlights on the Company are contained in the full ASX announcement.
Download this document

Subscribe to our Daily Newsletter?

Would you like to receive our daily news to your inbox?