Newfield Resources : Proposed issue of securities - NWF

Proposed issue of securities

Announcement Summary

For personal use only

Entity name

NEWFIELD RESOURCES LIMITED

Announcement Type

New announcement

Date of this announcement

24/12/2021

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	Unquoted options exercisable at $0.50 each expiring 4	24,744,513
confirmed	January 2024.
NWF	ORDINARY FULLY PAID	72,211,351
Proposed +issue date
4/1/2022

Refer to next page for full details of the announcement

Proposed issue of securities

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Proposed issue of securities

Part 1 - Entity and announcement details

For personal use only

1.1 Name of +Entity

NEWFIELD RESOURCES 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	153219848
1.3	ASX issuer code
NWF

1. The announcement is New announcement
2. Date of this announcement

24/12/2021

1.6 The Proposed issue is:

A placement or other type of issue

Proposed issue of securities

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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
	consideration?
			quoted or recorded by ASX)?
			Existing class
	Details of +securities proposed to be issued
			ASX +security code and description
			NWF : ORDINARY FULLY PAID
			Number of +securities proposed to be issued
		72,211,351
			Offer price details
			Are the +securities proposed to be issued being issued for a cash
For		No
	Please describe the consideration being provided for the +securities
			The shares are proposed to be issued at a deemed issue price of $0.35 per share as full and final satisfaction of the
			Company's obligation to repay and retire approximately $25.3 million in unquoted corporate bonds. Please refer to the
			announcement dated 22 December 2021 ('Debt Retirement and Capital Raising') for further details.
			Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities
		0.350000

Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class?

Proposed issue of securities

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Proposed issue of securities

Yes

only	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

use

ISIN Code (if Issuer is a foreign company and +securities are non CDIs)

Have you received confirmation from ASX that the terms of the proposed +securities are appropriate and equitable under listing rule 6.1?

No

ASX +security code

New class-code to be confirmed

Will the entity be seeking quotation of the 'new' class of +securities on ASX?

No

+Security description

Unquoted options exercisable at $0.50 each expiring 4 January 2024.

For personal

+Security type

Options

Number of +securities proposed to be issued

24,744,513

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

The options are proposed to be issued as full and final satisfaction of the Company's obligation to repay and retire interest under the Company's unquoted corporate bonds accrued between 1 July 2021 and the date the bonds are repaid (currently estimated to total $2,116,135). Please refer to the announcement dated 22 December 2021 ('Debt Retirement and Capital Raising') for further details.

Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities

2,116,135.000000

Will all the +securities issued in this class rank equally in all respects from their issue date?

Yes

Proposed issue of securities

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Proposed issue of securities

	Options details
only		+Security currency	Exercise price	Expiry date
	AUD - Australian Dollar	AUD 0.5000	4/1/2024
			Details of the type of +security that will be issued if the option is exercised
			NWF : ORDINARY FULLY PAID
			Number of securities that will be issued if the option is exercised
			24,744,513 fully paid ordinary shares
use
	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://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02471539-6A1070768?access_token=8
			3ff96335c2d45a094df02a206a39ff4
personal
	P rt 7C - Timetable
		7C.1 Proposed +issue date
		4/1/2022
	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?
For		Yes
	No

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?

72,211,351 shares and 24,744,513 options.

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)?

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

Proposed issue of securities

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