Proposed issue of securities
Announcement Summary
For personal use only
Entity name
EVOLUTION ENERGY MINERALS LIMITED
Announcement Type
New announcement
Date of this announcement
14/3/2022
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 |
New class-code to be | Unquoted options | 3,000,000 |
confirmed |
Proposed +issue date
22/11/2022
Refer to next page for full details of the announcement
Proposed issue of securities | 1 / 6 |
Proposed issue of securities
Part 1 - Entity and announcement details
For personal use only
1.1 Name of +Entity
EVOLUTION ENERGY MINERALS 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 | 648703548 | |
1.3 | ASX issuer code | |
EV1 |
- The announcement is New announcement
- Date of this announcement
14/3/2022
1.6 The Proposed issue is:
A placement or other type of issue
Proposed issue of securities | 2 / 6 |
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 | 22/11/2022 | actual? | received/condition met? | |||||||
Estimated | ||||||||||
No | ||||||||||
Comments | ||||||||||
Unless the Company holds a general meeting prior to its annual general meeting, security holder approval of the proposed | ||||||||||
personal | issue of securities will be sought at the annual general meeting, which is expected to be held in November 2022. | |||||||||
Part 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 | Unquoted options | |||||||||
Proposed issue of securities | 3 / 6 |
Proposed issue of securities
+Security type Options
Number of +securities proposed to be issued 3,000,000
only | 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 | |||||
Provision of executive services - the options are subject to vesting conditions related to continuous service, | |||||
use | commencement of construction of the Chilalo project and share price performance. | ||||
Please provide an estimate of the AUD equivalent of the consideration being | |||||
provided for the +securities | |||||
1,365,000.000000 | |||||
Will all the +securities issued in this class rank equally in all respects from | |||||
their issue date? | |||||
personal | Yes | ||||
Options details | |||||
+Security currency | Exercise price | Expiry date | |||
AUD - Australian Dollar | AUD 0.0000 | 23/11/2025 | |||
Details of the type of +security that will be issued if the option is exercised | |||||
EV1 : ORDINARY FULLY PAID | |||||
Number of securities that will be issued if the option is exercised | |||||
Up to a maximum of 3,000,000 | |||||
For | 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. | |||||
The notice of meeting, which will contain the key terms of the options has not yet been prepared. A copy of the | |||||
Company's option plan under which the options are proposed to be issued is available at the following url link:https://www | |||||
.investi.com.au/api/announcements/ev1/5b4bce98-906.pdf | |||||
Proposed issue of securities | 4 / 6 |
Proposed issue of securities
Part 7C - Timetable
7C.1 Proposed +issue date 22/11/2022
only | |||
Part 7D - Listing Rule requirements | |||
7D.1 Has the entity obtained, or is it obtaining, +security holder approval for the entire issue under listing rule 7.1? | |||
No | |||
use | 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? | |||
No | |||
7D.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 | |||
personal | 7D.2 Is a party referred to in listing rule 10.11 participating in the proposed issue? | ||
Yes | |||
7E.2 Is the proposed issue to be underwritten? | |||
7D.3 Will any of the +securities to be issued be +restricted securities for the purposes of the listing rules? | |||
No | |||
7D.4 Will any of the +securities to be issued be subject to +voluntary escrow? | |||
No | |||
Part 7E - Fees and expenses | |||
7E.1 Will there be a lead manager or broker to the proposed issue? | |||
No | |||
For | No | ||
7E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed issue | |||
Not applicable
Proposed issue of securities | 5 / 6 |
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Evolution Energy Minerals Ltd. published this content on 14 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 March 2022 05:23:02 UTC.