Reach Resources : Proposed issue of securities - RR1

Proposed issue of securities

Announcement Summary

For personal use only

Entity name

REACH RESOURCES LIMITED

Announcement Type

New announcement

Date of this announcement

24/3/2022

The Proposed issue is:

A non pro rata offer of securities under a disclosure document or product disclosure statement (PDS) A placement or other type of issue

Total number of +securities proposed to be issued for a non pro rata offer of securities under a disclosure document or product disclosure statement (PDS)

		Maximum Number of
ASX +security code	+Security description	+securities to be issued
RR1	ORDINARY FULLY PAID	100

Closing date for receipt of acceptances

25/3/2022

Proposed +issue date

24/3/2022

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	3,538,175

Proposed +issue date

24/3/2022

Refer to next page for full details of the announcement

Proposed issue of securities

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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

1. The announcement is New announcement
2. Date of this announcement

24/3/2022

1.6 The Proposed issue is:

A non-+pro rata offer of +securities under a +disclosure document or +PDS

A placement or other type of issue

Proposed issue of securities

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Proposed issue of securities

Part 5 - Details of proposed non-pro rata offer under a disclosure document or PDS

only
	Part 5A - Conditions
		5A.1 Do any external approvals need to be obtained or other conditions satisfied before the non-pro rata offer of
		+securities under a +disclosure document or + PDS can proceed on an unconditional basis?
use	No
	Part 5B - Offer 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?
personal	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
		ASX +security code and description
		RR1 : ORDINARY FULLY PAID
		The number of +securities to be offered under the +disclosure document or
		+PDS
		100
		Will the offer be conditional on applications for a minimum number of
		+securities being received or a minimum amount being raised (i.e. a
		minimum subscription condition)?
For	No

Will individual security holders be required to accept the offer for a minimum number or value of +securities (i.e. a minimum acceptance condition)?

No

Will individual security holders be limited to accepting the offer for a maximum number or value of +securities (i.e. a maximum acceptance condition)?

No

Proposed issue of securities

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Proposed issue of securities

		Offer price details
		Has the offer price been determined?
		Yes
		In what currency will the offer be	What is the offer price per +security?
only	made?	AUD 0.00800
AUD - Australian Dollar
Oversubscription & Scale back details
		Will the entity be entitled to accept over-subscriptions?
		No
use	Will a scale back be applied if the offer is over-subscribed?
No
		Will these +securities rank equally in all respects from their issue date with
		the existing issued +securities in that class?
		Yes
personal
	Part 5C - Timetable
		5C.1 Lodgement date of +disclosure document or +PDS with ASIC
		23/3/2022
		5C.2 Date when +disclosure document or +PDS and acceptance forms will
		be made available to investors
		24/3/2022
		5C.3 Offer open date
		24/3/2022
For	5C.4 Closing date for receipt of acceptances
25/3/2022

5C.6 Proposed +issue date 24/3/2022

Part 5D - Listing Rule requirements

5D.1 Has the entity obtained, or is it obtaining, +security holder approval for the entire issue under listing rule 7.1? No

Proposed issue of securities

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Proposed issue of securities

5D.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
		5D.1b ( i ) How many +securities are proposed to be issued without +security holder approval using the entity's
		15% placement capacity under listing rule 7.1?
only
100
5D.1c Are any of the +securities proposed to be issued without +security holder approval using the entity's
		additional 10% placement capacity under listing rule 7.1A (if applicable)?
		No
		5D.2 Is a party referred to in listing rule 10.11 participating in the proposed issue?
use	No
	Part 5E - Fees and expenses
		5E.1 Will there be a lead manager or broker to the proposed offer?
		No
personal	5E.2 Is the proposed offer to be underwritten?
No
5E.3 Will brokers who lodge acceptances or renunciations on behalf of eligible +security holders be paid a

handling fee or commission? No

5E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed offer

Part 5F - Further Information

For

5F.01 The purpose(s) for which the entity intends to use the cash raised by the proposed issue

The Company is seeking to raise only a nominal amount under the Cleansing Offer as its purpose is not to raise capital. The primary purpose of the Cleansing Offer is to remove any trading restrictions.

5F.1 Will the entity be changing its dividend/distribution policy if the proposed offer is successful?

No

5F.2 Please explain the entity's allocation policy for the offer, including whether or not acceptances from existing +security holders will be given priority

No allocation policy as only seeking to raise a nominal amount

Proposed issue of securities

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