ASX Announcement: 6 March 2020
Vesting and Lapse of Unlisted Performance Rights and Options
Peak Resources Limited (Peak or the Company; ASX Code: PEK) advises of the following changes to its unlisted Performance Rights and Options on issue:
- Vesting of 2,000,000 Performance Rights
- Vesting of 41,300,000 unlisted options with an exercise price of $0.03
- Lapse of 8,000,000 Performance Rights
- Lapse of 3,000,000 unlisted options with an exercise price of $0.10
- Lapse of 5,000,000 unlisted options with an exercise price of $0.15
Following the above changes the Company's capital structure is as follows:
Securities | Number | |
Quoted Securities | ||
PEK: Ordinary Fully Paid Shares | 1,305,305,618 | |
PEKOC: Options exercisable at $0.06 expiring 14 June 2020 | 61,088,247 | |
Unquoted Securities | ||
PEKAI: Vested Options, exercisable at $0.065 expiring 16 | ||
January 2021 | 11,750,000 | |
PEKAI: Vested Options, exercisable at $0.06 expiring 27 | ||
February 2021 | 4,000,000 | |
PEKAI: Vested Options exercisable at $0.065 expiring 14 June | ||
2021 | 9,000,000 | |
PEKAI: Vested Options exercisable at $0.05 expiring 21 June | ||
2021 | 16,000,000 | |
PEKAI: Options, vesting subject to continuous service on 11 | ||
May 2020 exercisable at $0.05 expiring 21 June 2021 | 2,000,000 | |
PEKAI: Options vesting subject to continuous service and the | ||
Company either (a) entering into an agreement with a strategic | ||
partner for the development of its Ngualla Project; or (b) | ||
attracting $20 million worth of funding for FEED (Front End | 11,000,000 | |
Engineering and Design) for the development of the Ngualla | ||
Project, exercisable at $0.10 expiring 21 June 2022 | ||
PEKAI: Options vesting subject to continuous service and the | ||
Company settling a funding package for the development and | ||
construction of the Ngualla Project, exercisable at $0.15 | 25,000,000 | |
expiring 21 June 2023 | ||
PEKAI: Vested Options, exercisable at $0.035 expiring 17 | ||
January 2022 | 5,750,000 | |
PEKAI: Vested Options, exercisable at $0.03 expiring 5 March | ||
2023 | 41,300,000 | |
PEKAI: Vested Options, exercisable at $0.06 expiring 11 May | ||
2021 | 21,000,000 | |
PEKAI: Vested Options, exercisable at $0.06 expiring 11 | ||
November 2020 | 5,994,419 | |
PEKAJ:Vested Performance Rights expiring 5 March 2021 | 2,000,000 | |
Authorised for release by the Company Secretary on behalf of Peak Resources Limited.
Graeme Scott
Company Secretary
Peak Resources Limited Ground Floor, 5 Ord Street, West Perth, Western Australia 6005. PO Box 603, West Perth 6872. ASX: PEK ACN: 112 546 700
Telephone: +61 8 9200 5360 info@peakresources.com.au www.peakresources.com.au
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Peak Resources Limited published this content on 06 March 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 March 2020 07:37:03 UTC