Notification of Issue, Conversion or Payment up of Unquoted Equity Securities
Announcement Summary
Entity name
ASRA MINERALS LIMITED
Date of this announcement
Friday January 06, 2023
The +securities the subject of this notification are:
Other
Total number of +securities to be issued/transferred
Total number of | |||
ASX +security | +securities to be | ||
code | Security description | issued/transferred | Issue date |
New class - code | Convertible Note expiring 3 January 2024 | 2,500,000 | 04/01/2023 |
to be confirmed |
Refer to next page for full details of the announcement
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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities
Part 1 - Entity and announcement details
1.1 Name of entity
ASRA MINERALS LIMITED
We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.
1.2 | Registered number type | Registration number |
ACN | 002261565 | |
1.3 | ASX issuer code | |
ASR |
- The announcement is New announcement
- Date of this announcement
6/1/2023
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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities
Part 2 - Issue details
2.1 The +securities the subject of this notification are: Other
Please specify
Refer Appendix 3B lodged on 15 December 2022
2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which:
does not have an existing ASX security code ("new class")
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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities
Part 3C - number and type of +securities the subject of this notification (new class) where issue has not previously been notified to ASX in an Appendix 3B
New +securities | |
ASX +security code | +Security description |
New class - code to be confirmed | Convertible Note expiring 3 January 2024 |
+Security type | ISIN code |
+Convertible debt securities |
Date the +securities the subject of this notification were issued
4/1/2023
Will all the +securities issued in this class rank equally in all respects from their issue date?
Yes
Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1?
No
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued.
https://stocknessmonster.com/announcements/asr.asx-6A1128554/
+Convertible debt securities Details | ||
Type of +security | ||
Convertible note or bond | ||
+Security currency | Face value | Interest rate type |
AUD - Australian Dollar | AUD 1.00000000 | Fixed rate |
Frequency of coupon/interest payments per year | First interest payment date |
Quarterly
Interest rate per annum
12.00 %
3/4/2023
Is the interest rate per annum estimated at this time? No
s128F of the Income Tax Assessment Act status applicable to the +security
s128F exempt
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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities
Is the +security perpetual (i.e. no maturity)?
No
Select other feature(s) applicable to the +security
Convertible
Redeemable
Is there a first trigger date on which a right of conversion, redemption, call or put can be exercised (whichever is first)?
No
Maturity date
3/1/2024
Details of the existing class of +security that will be issued if the securities are converted, transformed or exchanged
Other
Description
Fully Paid Ordinary Shares - ASR
Any other information the entity wishes to provide about the +securities the subject of this notification
Convertible at 3.5 cents per Note at the election of the Noteholder.
Please provide any further information needed to understand the circumstances in which you are notifying the issue of these +securities to ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B
Issued as part of a capital raising as announced on 15 December 2022. Appendix 3B was lodged on 15 December 2022.
Issue details
Number of +securities
2,500,000
Were the +securities issued for a cash consideration?
Yes
In what currency was the cash consideration being paid?
What was the issue price per +security?
AUD - Australian Dollar | AUD 1.00000000 |
Purpose of the issue
To raise additional working capital
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Asra Minerals Ltd. published this content on 06 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 January 2023 08:38:00 UTC.