Placement of New Shares
ASCENSION CAPITAL LIMITED
13 November 2020
NZX LIMITED
WELLINGTON
ASCENSION CAPITAL LIMITED (“ACE”) UNDERTAKES A PLACEMENT OF NEW SHARES
ACE advises that it has issued 249,000,000 new ordinary fully paid shares in the Company at an issue
price of $0.00025 per share. The initiative has raised $62,250 in aggregate. The placement has been
made to a number of wholesale investors.
The funds raised from the placement will be utilised to fund the ongoing working capital
requirements of the Company whilst it continues to undertake investigations to find a suitable
business initiative to acquire via a reverse takeover transaction.
A Capital Change Notice accompanies this announcement.
ENDS
For further information, please contact:
Sean Joyce
Director
Ascension Capital Limited
Email: sean@corporate-counsel.co.nz
Mobile: 021 865 704
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Ascension Capital Limited
Capital Change Notice
Section 1: Issuer information
Name of issuer Ascension Capital Limited
NZX ticker code ACE
Class of financial product Ordinary Shares
ISIN
NZECHE0001S8
Currency NZD
Section 2: Capital change details
Number issued 249,000,000
Nominal value (if any) $62,250 in aggregate
Issue price per security $0.00025
Nature of the payment Cash
Amount paid up Paid in full
Percentage of total class of Financial Products issued 14.95%
For an issue of Convertible Financial Products or Options, the
principal terms of Conversion (for example the Conversion
price and Conversion date and the ranking of the Financial
Product in relation to other Classes of Financial Product) or the
Option (for example, the exercise price and exercise date)
Not applicable
Reason for issue and specific authority for issue The new shares were issued to
a number of wholesale investor
pursuant to a private
placement in accordance with
Listing Rule 4.5. The
subscription moneys received
are to be applied towards
funding the ongoing working
capital requirements of the
Company.
Total number of Financial Products of the Class after the issue
(excluding Treasury Stock) and the total number of Financial
Products of the Class held as Treasury Stock after the issue
1,914,888,105
No shares are held as
Treasury Stock
In the case of an acquisition of shares, whether those shares
are to be held as treasury stock
Not applicable
Specific authority for the issue, including a reference to the
rule pursuant to which the issue, is made
The issue was approved by a
Directors Resolution and
issued in accordance with
Listing Rule 4.5
Terms or details of the issue The new shares will rank
equally with all other fully paid
shares on issue
Date of issue 13 November 2020
Section 3: Authority for this announcement and contact person
Name of person
authorised to make this announcement Sean Joyce
Contact person for this announcement Sean Joyce
Contact phone number 021 865 704
Contact email address
sean@corporate-
counsel.co.nz
Date of release through MAP
13 November 2020
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
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