Proposed issue of securities
Announcement Summary
For personal use only
Entity name
COPPER STRIKE LIMITED
Announcement Type
New announcement
Date of this announcement
2/2/2022
The Proposed issue is:
A placement or other type of issue
Total number of +securities proposed to be issued for a placement or other type of issue
Maximum Number of | ||
ASX +security code | +Security description | +securities to be issued |
New class-code to be | Unlisted Options, exercisable at $0.20 each, expiring 31 | 1,000,000 |
confirmed | January 2025 | |
Proposed +issue date | ||
29/4/2022 |
Refer to next page for full details of the announcement
Proposed issue of securities | 1 / 6 |
Proposed issue of securities
Part 1 - Entity and announcement details
For personal use only
1.1 Name of +Entity
COPPER STRIKE LIMITED
We (the entity named above) give ASX the following information about a proposed issue of +securities and, if ASX agrees to +quote any of the +securities (including any rights) on a +deferred settlement basis, we agree to the matters set out in Appendix 3B of the ASX Listing Rules.
If the +securities are being offered under a +disclosure document or +PDS and are intended to be quoted on ASX, we also apply for quotation of all of the +securities that may be issued under the +disclosure document or +PDS on the terms set out in Appendix 2A of the ASX Listing Rules (on the understanding that once the final number of +securities issued under the +disclosure document or +PDS is known, in accordance with Listing Rule 3.10.3C, we will complete and lodge with ASX an Appendix 2A online form notifying ASX of their issue and applying for their quotation).
1.2 | Registered Number Type | Registration Number |
ABN | 16108398983 | |
1.3 | ASX issuer code | |
CSE |
- The announcement is New announcement
- Date of this announcement
2/2/2022
1.6 The Proposed issue is:
A placement or other type of issue
Proposed issue of securities | 2 / 6 |
Proposed issue of securities
Part 7 - Details of proposed placement or other issue
only | |||||||||||
Part 7A - Conditions | |||||||||||
7A.1 Do any external approvals need to be obtained or other conditions satisfied before the placement or other | |||||||||||
type of issue can proceed on an unconditional basis? | |||||||||||
Yes | |||||||||||
use | 7A.1a Conditions | ||||||||||
Approval/Condition | Date for determination | Is the date estimated or | ** Approval | ||||||||
Other (please specify in | 29/4/2022 | actual? | received/condition met? | ||||||||
Estimated | |||||||||||
comment section) | |||||||||||
Comments | |||||||||||
Issue of 1,000,000 unlisted options to an adviser, being issued as a performance incentive. The issue of the 1,000,000 | |||||||||||
personal | unlisted options is conditional on completion of a potential transaction/project acquisition. The date of determination noted | ||||||||||
above is an estimate only, and there are no guarantees whether a potential transaction/project acquisition will occur or be | |||||||||||
completed. | |||||||||||
Part 7B - Issue details | |||||||||||
Is the proposed security a 'New | Will the proposed issue of this | ||||||||||
class' (+securities in a class that is | +security include an offer of | ||||||||||
not yet quoted or recorded by ASX) | attaching +securities? | ||||||||||
or an 'Existing class' (additional | No | ||||||||||
securities in a class that is already | |||||||||||
quoted or recorded by ASX)? | |||||||||||
New class | |||||||||||
Details of +securities proposed to be issued | |||||||||||
For | ISIN Code (if Issuer is a foreign company and +securities are non CDIs) | ||||||||||
Have you received confirmation from | Will the entity be seeking quotation | ||||||||||
ASX that the terms of the proposed | of the 'new' class of +securities on | ||||||||||
+securities are appropriate and | ASX? | ||||||||||
equitable under listing rule 6.1? | No | ||||||||||
No | |||||||||||
ASX +security code | +Security description | ||||||||||
New class-code to be confirmed | Unlisted Options, exercisable at $0.20 each, expiring 31 January 2025 | ||||||||||
Proposed issue of securities | 3 / 6 |
Proposed issue of securities
+Security type Options
Number of +securities proposed to be issued 1,000,000
only | Offer price details | |||||
Are the +securities proposed to be issued being issued for a cash consideration? | ||||||
Yes | ||||||
In what currency is the cash | What is the issue price per | |||||
consideration being paid? | +security? | |||||
use | AUD - Australian Dollar | AUD 0.00001 | ||||
Will all the +securities issued in this class rank equally in all respects from | ||||||
their issue date? | ||||||
personal | Yes | |||||
Options details | ||||||
+Security currency | Exercise price | Expiry date | ||||
AUD - Australian Dollar | AUD 0.2000 | 31/1/2025 | ||||
Details of the type of +security that will be issued if the option is exercised | ||||||
CSE : ORDINARY FULLY PAID | ||||||
Number of securities that will be issued if the option is exercised | ||||||
One fully paid ordinary share for every one option exercised (ASX:CSE) | ||||||
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities | ||||||
proposed to be issued or provide the information by separate announcement. | ||||||
For | ||||||
Part 7C - Timetable | ||||||
7C.1 Proposed +issue date | ||||||
29/4/2022 | ||||||
Proposed issue of securities | 4 / 6 |
Proposed issue of securities
Part 7D - Listing Rule requirements
7D.1 Has the entity obtained, or is it obtaining, +security holder approval for the entire issue under listing rule 7.1?
No | |||
only | 7D.1b Are any of the +securities proposed to be issued without +security holder approval using the entity's 15% | ||
placement capacity under listing rule 7.1? | |||
Yes | |||
7D.1b ( i ) How many +securities are proposed to be issued without security holder approval using the entity's 15% | |||
placement capacity under listing rule 7.1? | |||
1,000,000 Unlisted Options | |||
7D.1c Are any of the +securities proposed to be issued without +security holder approval using the entity's | |||
use | additional 10% placement capacity under listing rule 7.1A (if applicable)? | ||
No | |||
7D.2 Is a party referred to in listing rule 10.11 participating in the proposed issue? | |||
No | |||
7D.3 Will any of the +securities to be issued be +restricted securities for the purposes of the listing rules? | |||
No | |||
personal | 7D.4 Will any of the +securities to be issued be subject to +voluntary escrow? | ||
No | |||
Part 7E - Fees and expenses | |||
7E.1 Will there be a lead manager or broker to the proposed issue? | |||
No | |||
7E.2 Is the proposed issue to be underwritten? | |||
No | |||
For | 7E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed issue | ||
Part 7F - Further Information
7F.01 The purpose(s) for which the entity is issuing the securities
The issue of 1,000,000 unlisted options to an adviser is being issued as a performance incentive, and is conditional on completion of a potential transaction/project acquisition.
Proposed issue of securities | 5 / 6 |
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Copper Strike Limited published this content on 02 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 February 2022 03:48:02 UTC.