ASX Announcement
N a v a r r e M i n e r a l s L i m i t e d ( N M L ) A S X A n n o u n c e m e n t
3 April 2020
Navarre Minerals Limited
ABN 66 125 140 105
ASX Code: NML
Corporate Details
Issued capital:
478.2M ordinary shares
19.2M unlisted options
1.5M unlisted performance rights
Directors & Management:
Kevin Wilson (Non-Executive Chairman)
Geoff McDermott
(Managing Director)
Colin Naylor
(Director & Company Secretary)
Shane Mele
(Exploration Manager)
Jodi Ford
(Accountant & Assistant Company
Secretary)
Contact Details
Geoff McDermott
Managing Director
Navarre Minerals Limited
40 - 44 Wimmera Street
Stawell VIC 3380
Australia
PO Box 385
Stawell VIC 3380
Australia
Tel: +61 (0)3 5358 8625
Email: info@navarre.com.au
Website: www.navarre.com.au
Resignation of Director and Lapse of Unlisted Options
Navarre Minerals Limited (ASX Code: NML) (Navarre or the Company) advises that Mr John Dorward has resigned as a non-executive director of the Company, effective 2 April 2020.
Mr Dorward is a founding director and was appointed to the Navarre Board in November 2010. He is stepping down due to increased work commitments as President, Chief Executive Officer and Director of Canadian-based, Roxgold Inc. with its expanding West African mining operations.
Chairman comment
Navarre Chairman, Mr Kevin Wilson, said: "On behalf of my fellow directors, management team and shareholders, I would like to thank John for his valuable contribution to the Company, and we wish him well for the future."
The Company will defer appointing a replacement director, in the short term, due to the extraordinary business conditions surrounding the global COVID-19 pandemic.
Lapse of Unlisted Options
Following Mr Dorward's resignation, 1,400,000 unlisted options over fully paid ordinary shares in the Company (consisting of 750,000 options with an exercise price of 15 cents expiring 10 April 2023, and, 650,000 options with an exercise price of 12 cents expiring 17 May 2024) have lapsed in accordance with their terms.
Below is a summary of the Company's quoted and unquoted securities as at 2 April 2020 following the lapse of the 1,400,000 options referred to above:
Number | Class | Exercise price |
Quoted Securities | ||
478,242,151 | Ordinary shares | N/A |
Unquoted Securities | ||
200,000 | 31/12/21 options | $0.07 |
200,000 | 31/12/21 options | $0.09 |
2,000,000 | 29/01/23 options | $0.15 |
4,650,000 | 10/04/23 options | $0.15 |
1,000,000 | 06/06/23 options | $0.15 |
1,700,000 | 21/02/24 options | $0.12 |
5,450,000 | 17/05/24 options | $0.12 |
4,000,000 | 17/05/24 options | $0.12 |
1,500,000 | 31/12/22 performance rights |
Mr Dorward's Appendix 3Z is attached to this notice.
- ENDS -
For further information, please visit www.navarre.com.auor contact:
Colin Naylor
Director & Company Secretary
- info@navarre.com.au
- + 61 (0)3 5358 8625
NavarreNavarreMineralsMineralsLimitedLimited| ABN| ABN66 12566 140125 105140 105
40 - 404 Wimmera- 44 WimmeraStreetStreet| PO|BoxPO 385Box 385| Stawell| StawellVIC VIC33803380AustraliaAustralia
t +61t 3+6153583 535886258625
e info@navarree info@navarre.com..comau |.auw |navarrew navarre.com..comau .au
Appendix 3Z
Final Director's Interest Notice
Rule 3.19A.3
Appendix 3Z
Final Director's Interest Notice
Information 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 30/9/2001.
Name of entity Navarre Minerals Limited
ABN | 66 125 140 105 |
We (the entity) give ASX the following information under listing rule 3.19A.3 and as agent for the director for the purposes of section 205G of the Corporations Act.
Name of director | John Dorward |
Date of last notice | 22 May 2019 |
Date that director ceased to be director | 2 April 2020 |
Part 1 - Director's relevant interests in securities of which the director is the registered holder
In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust
Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.
Number & class of securities
Part 2 - Director's relevant interests in securities of which the director is not the registered holder
Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.
In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust
Name of holder & nature of interest
Note: Provide details of the circumstances giving rise to the relevant interest
Kautag Pty Ltd
Kautag Pty LtdMs Katherine Dawn Dorward
Number & class of securities
2,906,250 ordinary fully paid shares
2,845,292 ordinary fully paid shares
3,888,333 ordinary fully paid shares
+ See chapter 19 for defined terms.
11/3/2002 | Appendix 3Z Page 1 |
Appendix 3Z
Final Director's Interest Notice
Part 3 - Director's interests in contracts
Detail of contract
Nature of interest
Name of registered holder (if issued securities)
No. and class of securities to which interest relates
+ See chapter 19 for defined terms.
Appendix 3Z Page 2 | 11/3/2002 |
Attachments
- Original document
- Permalink
Disclaimer
Navarre Minerals Limited published this content on 03 April 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 April 2020 08:57:03 UTC