Proposed issue of securities
Announcement Summary
For personal use only
Entity name
MINREX RESOURCES LIMITED
Announcement Type
New announcement
Date of this announcement
18/1/2022
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 | Performance Rights | 16,000,000 |
confirmed | ||
MRR | ORDINARY FULLY PAID | 8,529,376 |
Proposed +issue date
16/2/2022
Refer to next page for full details of the announcement
Proposed issue of securities | 1 / 7 |
Proposed issue of securities
Part 1 - Entity and announcement details
For personal use only
1.1 Name of +Entity
MINREX RESOURCES 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 |
ACN | 151185867 | |
1.3 | ASX issuer code | |
MRR |
- The announcement is New announcement
- Date of this announcement
18/1/2022
1.6 The Proposed issue is:
A placement or other type of issue
Proposed issue of securities | 2 / 7 |
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 | |||||||
+Security holder approval | 16/2/2022 | actual? | received/condition met? | |||||||
Actual | ||||||||||
Yes | ||||||||||
Comments | ||||||||||
Performance Rights to Directors and CEO as incentive-based remuneration in connection with such roles. Shares in lieu | ||||||||||
personal | of Consulting Fees. Introducer Shares for introduction of Abeh and Odette Acquisitions | |||||||||
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 | |||||||||
Yes | ||||||||||
ASX +security code | +Security description | |||||||||
New class-code to be confirmed | Performance Rights | |||||||||
Proposed issue of securities | 3 / 7 |
Proposed issue of securities
+Security type
Performance options/rights
Number of +securities proposed to be issued 16,000,000
only | Offer price details | ||||
Are the +securities proposed to be issued being issued for a cash consideration? | |||||
No | |||||
Please describe the consideration being provided for the +securities | |||||
Nil - incentive based remuneration in connection with each role | |||||
use | |||||
Please provide an estimate of the AUD equivalent of the consideration being | |||||
provided for the +securities | |||||
550,000.000000 | |||||
Will all the +securities issued in this class rank equally in all respects from | |||||
their issue date? | |||||
personal | Yes | ||||
proposed to be issued or provide the information by separate announcement. | |||||
Performance options/rights details | |||||
+Security currency | Exercise price | Expiry date | |||
AUD - Australian Dollar | AUD 0.0000 | ||||
Details of the type of +security that will be issued if the option is exercised | |||||
MRR : ORDINARY FULLY PAID | |||||
Number of securities that will be issued if the option is exercised | |||||
16,000,000 | |||||
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities | |||||
For | |||||
https://www.asx.com.au/asxpdf/20220118/pdf/4552w4y3dvgjfv.pdf | |||||
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)? | |||||
Existing class | |||||
Proposed issue of securities | 4 / 7 |
Proposed issue of securities
Details of +securities proposed to be issued
ASX +security code and description
MRR : ORDINARY FULLY PAID
only | Number of +securities proposed to be issued | |||
2,671,876 | ||||
Offer price details | ||||
Are the +securities proposed to be issued being issued for a cash | ||||
consideration? | ||||
use | No | |||
Please describe the consideration being provided for the +securities | ||||
In lieu of Consulting fees to related parties. The number of Shares to be issued to Directors was calculated using the | ||||
same price of the Placement, being $0.032 | ||||
Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities | ||||
85,500.000000 | ||||
personal | Will these +securities rank equally in all respects from their issue date with | |||
the existing issued +securities in that class? | ||||
Yes | ||||
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)? | ||||
Existing class | ||||
Details of +securities proposed to be issued | ||||
For | ASX +security code and description | |||
MRR : ORDINARY FULLY PAID | ||||
Number of +securities proposed to be issued | ||||
5,857,500 | ||||
Offer price details | ||||
Are the +securities proposed to be issued being issued for a cash | ||||
consideration? | ||||
No | ||||
Proposed issue of securities | 5 / 7 |
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MinRex Resources Ltd. published this content on 18 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 January 2022 05:54:07 UTC.