For personal use only
This appendix is available as an online form | |
Only use this form if the online version is not available | +Rule 3.10.3 |
Appendix 3B
Proposed issue of securities
Part 1 - Entity and announcement details
Question | Question | Answer |
no | ||
1.1 | *Name of entity | |
We (the entity here named) | Indiana Resources Limited | |
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 | ||
1.2 | *Registration type and number | ABN 67 009 129 560 |
1.3 | *ASX issuer code | IDA |
1.4 | *This announcement is | X A new announcement |
☐ An update/amendment to a previous announcement | ||
☐ A cancellation of a previous announcement | ||
1.4a | *Reason for update | N/A |
+ See chapter 19 for defined terms | |
5 June 2021 | Page 1 |
This appendix is available as an online form | Appendix 3B | ||||
Proposed issue of +securities | |||||
1.4b | *Date of previous | N/A | |||
announcement(s) to this | |||||
update |
only | |||||
1.4c | *Reason for cancellation | N/A | |||
1.4d | *Date of previous | N/A | |||
announcement(s) to this | |||||
cancellation | |||||
use | |||||
1.5 | *Date of this announcement | 2 June 2022 | |||
1.6 | *The proposed issue is: | ☐ A +bonus issue | |||
☐ A standard +pro rata issue (non-renounceable or | |||||
renounceable) | |||||
☐ An accelerated offer | |||||
personal | ☐ An offer of +securities under a +securities purchase | ||||
plan | |||||
☐ A non-+pro rata offer of +securities under a | |||||
+disclosure document or +PDS | |||||
☐ A non-+pro rata offer to wholesale investors under an | |||||
information memorandum | |||||
X A placement or other type of issue | |||||
1.6a | *The proposed standard +pro | ||||
rata issue is: | ☐ Non-renounceable | ||||
☐ Renounceable | |||||
For | |||||
1.6b | *The proposed accelerated | ☐ Accelerated non-renounceable entitlement offer | |||
offer is: | (commonly known as a JUMBO or ANREO) | ||||
☐ Accelerated renounceable entitlement offer | |||||
(commonly known as an AREO) | |||||
☐ Simultaneous accelerated renounceable entitlement | |||||
offer (commonly known as a SAREO) | |||||
☐ Accelerated renounceable entitlement offer with dual | |||||
book-build structure (commonly known as a | |||||
RAPIDS) | |||||
☐ Accelerated renounceable entitlement offer with retail | |||||
rights trading (commonly known as a PAITREO) | |||||
+ See chapter 19 for defined terms | |||||
5 June 2021 | Page 2 |
For personal use only
This appendix is available as an online form | Appendix 3B |
Proposed issue of +securities | |
Part 7 - Details of proposed placement or other issue
If your response to Q1.6 is "A placement or other type of issue", please complete Parts 7A - 7F and the details of the securities proposed to be issued in Part 8.
Part 7A - Proposed placement or other issue - conditions
Question | Question | Answer | |||
No. | |||||
7A.1 | *Do any external approvals need to be | Yes | |||
obtained or other conditions satisfied before | |||||
the placement or other type of issue can | |||||
proceed on an unconditional basis? | |||||
7A.1a | Conditions | ||||
(i) | Upon ASX quoted shares of the Company achieving a 30 day volume weighted | ||||
average price (VWAP) price of $0.15 (15 cents), at any time within 24 months of the | |||||
Non-Executive Director's Commencement Date. | |||||
(ii) | Upon ASX quoted shares of the Company achieving a 30 day volume weighted | ||||
average price (VWAP) price of $0.25 (25 cents), at any time within 36 months of the | |||||
Non-Executive Director's Commencement Date. | |||||
*Approval/ condition | *Date for | *Is the date | **Approval received/ | Comments | |
Type | determination | estimated or | condition met? | ||
actual? | |||||
+Security holder | 30 November 2022 | Estimated | No | Issue of Director | |
approval | Options to be | ||||
approved at an AGM | |||||
Court approval | |||||
Lodgment of court | |||||
order with +ASIC | |||||
ACCC approval | |||||
FIRB approval | |||||
Other (please specify | |||||
in comment section) | |||||
+ See chapter 19 for defined terms | |
5 June 2021 | Page 3 |
This appendix is available as an online form | Appendix 3B |
Proposed issue of +securities | |
Part 7B - Details of proposed placement or other issue - issue details
only | Question | Question | Answer |
No. | |||
7B.1 | *Class of +securities to be offered under the | Unquoted options | |
placement or other issue (please enter both | |||
the ASX security code & description) | |||
7B.2 | Number of +securities proposed to be | (i) 2,000,000 unquoted options exercisable at | |
issued | |||
$0.12 within 12 months from the satisfaction of | |||
use | the vesting condition | ||
(ii) 2,000,000 unquoted options exercisable at | |||
$0.15, within 12 months of the satisfaction of | |||
the vesting condition. | |||
7B.3 | *Are the +securities proposed to be issued | No | |
personal | being issued for a cash consideration? | ||
7B.3a | *In what currency is the cash consideration | ||
being paid | |||
7B.3b | *What is the issue price per +security | Nil | |
7B.3c | AUD equivalent to issue price amount per | N/A | |
+security | |||
7B.3d | Please describe the consideration being | None | |
provided for the +securities | |||
For | |||
7B.3e | Please provide an estimate of the AUD | Nil | |
equivalent of the consideration being | |||
provided for the +securities | |||
+ See chapter 19 for defined terms | |
5 June 2021 | Page 4 |
This appendix is available as an online form | Appendix 3B |
Proposed issue of +securities | |
Part 7C - Proposed placement or other issue - timetable
only | Question | Question | Answer | |
No. | ||||
7C.1 | *Proposed +issue date | of $0.15 (15 cents), at any time within | ||
Options will only be issued on satisfaction of | ||||
the following vesting requirements: | ||||
(i) | Upon ASX quoted shares of the | |||
Company achieving a 30 day volume | ||||
weighted average price (VWAP) price | ||||
For personal use | 24 months of the Non-Executive | |||
Director's Commencement Date. | ||||
(ii) | Upon ASX quoted shares of the | |||
Company achieving a 30 day volume | ||||
weighted average price (VWAP) price | ||||
of $0.25 (25 cents), at any time within | ||||
36 months of the Non-Executive | ||||
Director's Commencement Date. | ||||
+ See chapter 19 for defined terms | |
5 June 2021 | Page 5 |
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Indiana Resources Limited published this content on 02 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 June 2022 08:21:02 UTC.