Rule 2.7, 3.10.3, 3.10.4, 3.10.5
New issue announcement, application for quotation of additional securities and agreementInformation or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.
Introduced 01/07/96 Origin: Appendix 5 Amended 01/07/98, 01/09/99, 01/07/00, 30/09/01, 11/03/02, 01/01/03, 24/10/05, 01/08/12, 04/03/13
Name of entity |
Avalon Minerals Limited |
ABN |
68 123 184 412 |
We (the entity) give ASX the following information.
Part 1 - All issuesYou must complete the relevant sections (attach sheets if there is not enough space).
1 | +Class of +securities issued or to be issued | Ordinary shares |
2 | Number of +securities issued or to be issued (if known) or maximum number which may be issued | 1,329,573 Ordinary shares |
3 | Principal terms of the +securities (e.g. if options, exercise price and expiry date; if partly paid +securities, the amount outstanding and due dates for payment; if +convertible securities, the conversion price and dates for conversion) | Fully paid ordinary shares |
4 | Do the +securities rank equally in all respects from the +issue date with an existing +class of quoted +securities? If the additional +securities do not rank equally, please state:
| Ordinary shares - Yes |
5 | Issue price or consideration | NIL |
6 | Purpose of the issue (If issued as consideration for the acquisition of assets, clearly identify those assets) | Fully paid ordinary shares issued upon vesting of performance rights under the Company's Employee Performance Rights Plan related to achieving Total Shareholder Return performance hurdles |
6a | Is the entity an +eligible entity that has obtained security holder approval under rule 7.1A? If Yes, complete sections 6b - 6h in relation to the +securities the subject of this Appendix 3B, and comply with section 6i | Yes |
6b | The date the security holder resolution under rule 7.1A was passed | 16 November 2016 |
6c | Number of +securities issued without security holder approval under rule 7.1 | NIL |
6d | Number of +securities issued with security holder approval under rule 7.1A | NIL |
6e | Number of +securities issued with security holder approval under rule 7.3, or another specific security holder approval (specify date of meeting) | Nil | |
6f | Number of +securities issued under an exception in rule 7.2 | 1,329,573 | |
6g | If +securities issued under rule 7.1A, was issue price at least 75% of 15 day VWAP as calculated under rule 7.1A.3? Include the +issue date and both values. Include the source of the VWAP calculation. | N/A | |
6h | If +securities were issued under rule 7.1A for non-cash consideration, state date on which valuation of consideration was released to ASX Market Announcements | N/A | |
6i | Calculate the entity's remaining issue capacity under rule 7.1 and rule 7.1A - complete Annexure 1 and release to ASX Market Announcements | 7.1: 202,070 7.1A: 384,713 | |
7 | +Issue dates Note: The issue date may be prescribed by ASX (refer to the definition of issue date in rule 19.12). For example, the issue date for a pro rata entitlement issue must comply with the applicable timetable in Appendix 7A. Cross reference: item 33 of Appendix 3B. | 19 January 2017 | |
Number | +Class | ||
8 | Number and +class of all +securities quoted on ASX (including the +securities in section 2 if applicable) | 649,847,134 147,337,500 | Fully paid ordinary shares Listed Options exercisable at 3 cents on or before 31 August 2019 |
Number | +Class |
9 | Number and +class of all +securities not quoted on ASX (including the +securities in section 2 if applicable) | Options exercisable at 6 cents exercisable at 8 cents TOTAL OPTIONS Performance Rights 2015 Tranche 1 - $0.08 2015 Tranche 2 - TSR 2015 Tranche 3 - $0.12 2016 Tranche 1 - $0.045 2016 Tranche 2 - TSR 2016 Tranche 3 - $0.07 TOTAL RIGHTS |
5,200,000 5,600,000 10,800,000 2,267,800 938,227 2,268,400 2,839,721 2,839,721 2,840,558 13,994,427 | ||
10 | Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests) | No change |
11 | Is security holder approval required? | No |
12 | Is the issue renounceable or non- renounceable? | N/A |
13 | Ratio in which the +securities will be offered | N/A |
14 | +Class of +securities to which the offer relates | N/A |
15 | +Record date to determine entitlements | N/A |
16 | Will holdings on different registers (or subregisters) be aggregated for calculating entitlements? | N/A |
17 | Policy for deciding entitlements in relation to fractions | N/A |
18 | Names of countries in which the entity has security holders who will not be sent new offer documents Note: Security holders must be told how their entitlements are to be dealt with. Cross reference: rule 7.7. | N/A |
Avalon Minerals Limited published this content on 23 January 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 22 January 2017 23:45:06 UTC.
Original documenthttp://avalonminerals.com.au/userfiles/file/642_appendix 3b - vesting of employee performance rights.pdf
Public permalinkhttp://www.publicnow.com/view/77AE626BFF70D98C101CBCE93611B12831158D3A