Announcement Summary
Entity name
KINGWEST RESOURCES LIMITED
Date of this announcement Friday April 29, 2022
The +securities the subject of this notification are:
+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX
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 | Unquoted options exercisable at $0.25 expiring 28 | 1,250,000 | 29/04/2022 |
to be confirmed | April 2025 |
Refer to next page for full details of the announcementPart 1 - Entity and announcement details
1.1 Name of entity
KINGWEST RESOURCES 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 ABN
1.3 ASX issuer code KWR
1.4 The announcement isNew announcement
1.5 Date of this announcement 29/4/2022
Registration number 58624972185
Part 2 - Issue details
2.1 The +securities the subject of this notification are:
+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX
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")
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
onlyFor personal use
ASX +security code
New class - code to be confirmed
+Security type Options
Date the +securities the subject of this notification were issued 29/4/2022
Will all the +securities issued in this class rank equally in all respects from their issue date?
Yes
Were any of the +securities issued to +key management personnel (KMP) or an +associate?
No
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.
Options Details
+Security description
ISIN code
+Security currency | Exercise price | Expiry date |
AUD - Australian Dollar | AUD 0.25000000 | 28/4/2025 |
Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option
Other
Description
Fully paid ordinary shares (ASX:KWR)
Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms
Refer to Schedule 3 of Notice of Annual General Meeting lodged with ASX on 27 October 2021
Any other information the entity wishes to provide about the +securities the subject of this notification
Options issued pursuant to the terms of the Company's Incentive Option Plan without shareholder approval and pursuant to ASX Listing Rule 10.12 Exception 12.
Issue details
Number of +securities
1,250,000
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Kingwest Resources Ltd. published this content on 29 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 April 2022 07:11:03 UTC.