Proposed issue of securities
Announcement Summary
For personal use only
Entity name
XANTIPPE RESOURCES LIMITED
Announcement Type
New announcement
Date of this announcement
14/6/2022
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 | Convertible Notes converting at $0.018 at the election of the | 5,047,770 |
confirmed | holder | |
XTC | ORDINARY FULLY PAID | 337,000,000 |
Proposed +issue date | ||
15/9/2022 |
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
XANTIPPE 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 |
ABN | 56123102974 | |
1.3 | ASX issuer code | |
XTC |
- The announcement is New announcement
- Date of this announcement
14/6/2022
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 | 11/8/2022 | actual? | received/condition met? | ||||||||
Estimated | |||||||||||
Comments | |||||||||||
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 | 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 | ||||||||||
No | |||||||||||
ASX +security code | +Security description | ||||||||||
New class-code to be confirmed | Convertible Notes converting at $0.018 at the election of the holder | ||||||||||
+Security type | |||||||||||
+Convertible debt securities | |||||||||||
Proposed issue of securities | 3 / 7 |
Proposed issue of securities
Number of +securities proposed to be issued 5,047,770
Offer price details | ||||
only | Are the +securities proposed to be issued being issued for a cash consideration? | |||
No | ||||
Please describe the consideration being provided for the +securities | ||||
In partial consideration for the acquisition of the La Fortuna Properties (US$4.5M convertible at AUD$0.018, assuming | ||||
exchange rate of 1.44AUD to 1USD) | ||||
use | Please provide an estimate of the AUD equivalent of the consideration being | |||
provided for the +securities | ||||
5,047,770.000000 | ||||
Will all the +securities issued in this class rank equally in all respects from | ||||
their issue date? | ||||
personal | Yes | |||
+Convertible debt securities details | ||||
These securities are: | Type of security | |||
Convertible | Convertible note or bond | |||
+Security currency | Face value | |||
AUD - Australian Dollar | AUD 5,047,770.0000 | |||
Interest rate type | ||||
Zero coupon/no interest | ||||
Frequency of coupon/interest | ||||
payments per year | ||||
No coupon/interest payments | ||||
For | s128F of the Income Tax Assessment | |||
Act status applicable to the +security | ||||
Not applicable | ||||
Is the +security perpetual (ie. no | Maturity date | |||
maturity date)? | 30/6/2023 | |||
No | ||||
Select other features applicable to | ||||
the +security | ||||
None of the above | ||||
Proposed issue of securities | 4 / 7 |
Proposed issue of securities
Is there a first trigger date on which a right of conversion, redemption, call or put can be exercised (whichever is first)?
No | ||||
only | Details of the type of +security that will be issued if the securities are converted, transformed or | |||
exchanged | ||||
XTC : ORDINARY FULLY PAID | ||||
Number of +securities that will be issued if the +securities are converted, transformed or exchanged (including, if | ||||
applicable, any interest) | ||||
One XTC share upon conversion of one convertible note. | ||||
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities | ||||
proposed to be issued or provide the information by separate announcement. | ||||
To be provided in a notice of meeting to be sent to shareholders | ||||
use | 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 | ||||
consideration? | ||||
quoted or recorded by ASX)? | ||||
Existing class | ||||
Details of +securities proposed to be issued | ||||
ASX +security code and description | ||||
XTC : ORDINARY FULLY PAID | ||||
Number of +securities proposed to be issued | ||||
337,000,000 | ||||
Offer price details | ||||
Are the +securities proposed to be issued being issued for a cash | ||||
For | No | |||
Please describe the consideration being provided for the +securities | ||||
In partial consideration for the acquisition of the La Fortuna Properties | ||||
Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities | ||||
0.018000 | ||||
Will these +securities rank equally in all respects from their issue date with | ||||
the existing issued +securities in that class? | ||||
Yes | ||||
Proposed issue of securities | 5 / 7 |
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Xantippe Resources Limited published this content on 14 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 June 2022 00:12:04 UTC.