Proposed issue of securities
Announcement Summary
For personal use only
Entity name
INVION LIMITED
Announcement Type
New announcement
Date of this announcement
16/11/2021
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 | Options exercisable at $0.04 expiring 18 months from date of | 30,000,000 |
confirmed | issue | |
Proposed +issue date | ||
22/11/2021 |
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
INVION 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 | 76094730417 | |
1.3 | ASX issuer code | |
IVX | ||
1.4 The announcement is | ||
New announcement | ||
1.5 | Date of this announcement | |
16/11/2021 | ||
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? | ||||||
use | No | |||||
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? | |||||
personal | 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 | ||||||
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 | Options exercisable at $0.04 expiring 18 months from date of issue | |||||
For | ||||||
+Security type | ||||||
Options | ||||||
Number of +securities proposed to be issued 30,000,000
Offer price details
Are the +securities proposed to be issued being issued for a cash consideration?
No
Proposed issue of securities | 3 / 6 |
Proposed issue of securities
Please describe the consideration being provided for the +securities
Options granted to joint lead managers for capital raising
Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities
only | Will all the +securities issued in this class rank equally in all respects from | |||||||
their issue date? | ||||||||
Yes | ||||||||
Options details | ||||||||
use | +Security currency | Exercise price | Expiry date | |||||
AUD - Australian Dollar | AUD 0.0400 | 22/5/2023 | ||||||
Details of the type of +security that will be issued if the option is exercised | ||||||||
IVX : ORDINARY FULLY PAID | ||||||||
personal | Number of securities that will be issued if the option is exercised | |||||||
30,000,000 fully paid ordinary shares | ||||||||
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. | ||||||||
Pa t 7C - Timetable | ||||||||
7C.1 Proposed +issue date | ||||||||
For | 22/11/2021 | |||||||
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
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?
Yes
Proposed issue of securities | 4 / 6 |
Proposed issue of securities
7D.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?
30,000,000 options | |||
7D.1c Are any of the +securities proposed to be issued without +security holder approval using the entity's | |||
only | additional 10% placement capacity under listing rule 7.1A (if applicable)? | ||
No | |||
7D.2 Is a party referred to in listing rule 10.11 participating in the proposed issue? | |||
No | |||
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? | |||
use | No | ||
Part 7E - Fees and expenses | |||
7E.1 Will there be a lead manager or broker to the proposed issue? | |||
personal | Yes | ||
7E.1a Who is the lead manager/broker? | |||
180 Markets Pty Ltd and Evolution Capital Pty Ltd | |||
7E.1b What fee, commission or other consideration is payable to them for acting as lead manager/broker? | |||
The Joint Lead Managers will receive 6% of the gross proceeds of the Placement as well as 30,000,000 options | |||
exercisable at $0.04 expiring 18 months from date of issue. | |||
7E.2 Is the proposed issue to be underwritten? | |||
No | |||
7E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed issue | |||
For | |||
Part 7F - Further Information
7F.01 The purpose(s) for which the entity is issuing the securities
The Joint Lead Managers will receive the 30,000,000 options exercisable at $0.04 expiring 18 months from date of issue
as part of their fee.
7F.1 Will the entity be changing its dividend/distribution policy if the proposed issue proceeds? No
Proposed issue of securities | 5 / 6 |
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Invion Limited published this content on 16 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 November 2021 00:15:04 UTC.