Announcement Summary
Entity name
GRAND GULF ENERGY LIMITED
Announcement Type
New announcement
Date of this announcement 20/4/2022
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
Proposed +issue date 28/4/2022
Refer to next page for full details of the announcementPart 1 - Entity and announcement details
1.1 Name of +Entity
GRAND GULF ENERGY 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 ABN
Registration Number 22073653175
1.3 ASX issuer code GGE
1.4 The announcement isNew announcement
1.5 Date of this announcement 20/4/2022
1.6 The Proposed issue is:
A placement or other type of issuePart 7 - Details of proposed placement or other issuePart 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?
No
Part 7B - Issue details
Is the proposed 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
Details of +securities proposed to be issued
ASX +security code and description
GGE : ORDINARY FULLY PAID
Will the proposed issue of this +security include an offer of attaching +securities?
Yes
Number of +securities proposed to be issued
250,000,000
Offer price details
Are the +securities proposed to be issued being issued for a cash consideration?
Yes
In what currency is the cash | What is the issue price per |
consideration being paid? | +security? |
AUD - Australian Dollar | AUD 0.04400 |
Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class?
Yes
Attaching +Security
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)?
New class
Attaching +Security - New class (+securities in a class that is not yet quoted or recorded by ASX)
Details of attaching +securities proposed to be issuedISIN Code (if Issuer is a foreign company and +securities are non CDIs)Have you received confirmation from ASX that the terms Will the entity be seeking quotation of the 'new' class ofof the proposed +securities are appropriate and equitable under listing rule 6.1?
No
ASX +security code
New class-code to be confirmed
+Security type
Options
Number of +securities proposed to be issued 83,333,333
Offer price detailsAre the +securities proposed to be issued being issued for a cash consideration?
No
Please describe the consideration being provided for the +securities Free attaching options
Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities 0.004400
Will all the +securities issued in this class rank equally in all respects from their issue date?
Yes
Options details
+Security currency AUD - Australian Dollar
Exercise price Proposed issue of securities
+securities on ASX?
Yes
+Security description
Option over share
Expiry date 4 / 8
Exercise price
AUD 0.0800
Expiry date 31/5/2025
Details of the type of +security that will be issued if the option is exercised
GGE : ORDINARY FULLY PAID
Number of securities that will be issued if the option is exercised
One fully paid ordinary share ASX: GGE
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.
https://www2.asx.com.au/markets/trade-our-cash-market/historical-announcements
Is the proposed 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)?
Will the proposed issue of this +security include an offer of attaching +securities?
No
Existing class
Details of +securities proposed to be issued
ASX +security code and description
GGE : ORDINARY FULLY PAID
Number of +securities proposed to be issued
13,500,000
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
To satisfy obligations under an agreement for services supplied by a consultant.
Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities 0.049000
Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class?
Yes
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Grand Gulf Energy Limited published this content on 19 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 April 2022 23:34:03 UTC.