Proposed issue of securities
Announcement Summary
For personal use only
Entity name
REACH RESOURCES LIMITED
Announcement Type
New announcement
Date of this announcement 21/3/2022
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 |
RR1 | ORDINARY FULLY PAID | 312,500,000 |
RR1O | OPTION EXPIRING 20-MAY-2024 | 150,000,000 |
Proposed +issue date
24/3/2022
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
REACH 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 | 097982235 | |
1.3 | ASX issuer code | |
RR1 |
- The announcement is New announcement
- Date of this announcement
21/3/2022
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 | 6/5/2022 | actual? | received/condition met? | |||
Estimated | ||||||
No | ||||||
Comments | ||||||
Security Holder approval required for issue of free attaching options | ||||||
personal | ||||||
P rt 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 | Yes | |||||
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 | |||||
RR1 : ORDINARY FULLY PAID | ||||||
Number of +securities proposed to be issued 300,000,000
Offer price details
Are the +securities proposed to be issued being issued for a cash consideration?
Yes
Proposed issue of securities | 3 / 7 |
Proposed issue of securities
In what currency is the cash consideration being paid?
AUD - Australian Dollar
What is the issue price per +security?
AUD 0.00800
only | Will these +securities rank equally in all respects from their issue date with | |
the existing issued +securities in that class? | ||
Yes | ||
Attaching +Security | ||
use | Is the proposed attaching security a 'New class' (+securities in a class that is not yet quoted or recorded by ASX) | |
or an 'Existing class' (additional +securities in a class that is already quoted or recorded by ASX)? | ||
Existing class | ||
Attaching +Security - Existing class (additional +securities in a class that is already quoted or recorded by ASX) | ||
personal | Details of attaching +securities proposed to be issued | |
ASX +security code and description | ||
RR1O : OPTION EXPIRING 20-MAY-2024 | ||
Number of +securities proposed to be issued | ||
150,000,000 | ||
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 | ||
Free attaching | ||
For | Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities | |
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 class' (+securities in a class that is
Will the proposed issue of this +security include an offer of
Proposed issue of securities | 4 / 7 |
Proposed issue of securities
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 | |||||||
only | ASX +security code and description | ||||||
RR1 : ORDINARY FULLY PAID | |||||||
Number of +securities proposed to be issued | |||||||
12,500,000 | |||||||
use | 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 | |||||||
Corporate strategic services in conjunction with acquisition | |||||||
Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities | |||||||
100,000.000000 | |||||||
Will these +securities rank equally in all respects from their issue date with | |||||||
the existing issued +securities in that class? | |||||||
Yes | |||||||
Part 7C - Timetable | |||||||
personal | |||||||
7C.1 Proposed +issue date | |||||||
24/3/2022 | |||||||
Part 7D - Listing Rule requirements | |||||||
For | |||||||
7D.1 Has the entity obtained, or is it obtaining, +security holder approval for the entire issue under listing rule 7.1? No
7D.1b Are any of the +securities proposed to be issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1?
Yes
Proposed issue of securities | 5 / 7 |
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Reach Resources Ltd. published this content on 20 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 March 2022 22:57:08 UTC.