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
Name of entity
Metal Bank Limited
ABN
51 127 297 170
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).
Ordinary shares
1 +Class of +securities issued or to be issued
Up to 179,286,996 ordinary shares comprising 116,666,666 shares issued under a Placement to Sophisticated Investors (Placement Shares) and up to 62,620,330 ordinary shares to be issued under a 1 for 10 Rights Issue (Rights Issue Shares)
Number of +securities issued or to be issued (if known) or maximum number which may be issued
Fully paid ordinary shares
Principal terms of the
+securities (eg, 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)
Yes
Do the +securities rank equally in all respects from the date of allotment with an existing +class of quoted +securities?
If the additional securities do not rank equally, please state:
the date from which they do
the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment
the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment
3 cents per ordinary share
Issue price or consideration
To fund exploration on the Triumph Project and working capital
Purpose of the issue
(If issued as consideration for the acquisition of assets, clearly identify those assets)
Yes
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
12 November 2015
6b The date the security holder resolution under rule 7.1A was passed
73,121,178 Placement Shares
6c Number of +securities issued without security holder approval under rule 7.1
43,545,488 Placement Shares
6d Number of +securities issued with security holder approval under rule 7.1A
6e Number of +securities issued with security holder approval under rule 7.3, or another specific security holder approval (specify date of meeting)
Up to 62,620,330 Rights Issue Shares
6f Number of securities issued under an exception in rule 7.2
Price determined 16.9.16 at 3 cents
15 day VWAP 3.7 cents Source IRESS
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
Capacity under rule 7.1 - Nil Capacity under rule 7.1A - 7,120,408
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
Placement Shares 30 September 2016
Rights Issue Shares 21 October 2016
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 referece: item 33 of Appendix 3B.
Number | +Class |
Up to 688,823,626 if Rights Issue fully subscribed | Ordinary shares |
8 Number and +class of all
+securities quoted on ASX (including the securities in section 2 if applicable)
Number | +Class |
15,000,000 | Unlisted options exercisable at 3 cents per share before 30 November 2018 |
Number and +class of all
+securities not quoted on ASX (including the securities in section 2 if applicable)
N/A
Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests)
Part 2 - Bonus issue or pro rata issueN0
Is security holder approval required?
Non‐renounceable
Is the issue renounceable or non‐ renounceable?
One for ten
Ratio in which the +securities will be offered
Ordinary
14 +Class of +securities to which the offer relates
30 September 2016
15 +Record date to determine entitlements
N/A
Will holdings on different registers (or subregisters) be aggregated for calculating entitlements?
Rounded Up
Policy for deciding entitlements in relation to fractions
Names of countries in which the entity has +security holders who will not be sent new issue documents
Note: Security holders must be told how their entitlements are to be dealt with.
Cross reference: rule 7.7.
Metal Bank Limited published this content on 23 September 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 07 October 2016 09:47:05 UTC.
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