Proposed issue of securities
Announcement Summary
For personal use only
Entity name
PURSUIT MINERALS LTD
Announcement Type
New announcement
Date of this announcement
22/12/2021
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 | Unlisted Options | 2,500,000 |
confirmed | ||
PUR | ORDINARY FULLY PAID | 21,871,610 |
Proposed +issue date
31/1/2022
Refer to next page for full details of the announcement
Proposed issue of securities | 1 / 7 |
Proposed issue of securities
Part 1 - Entity and announcement details
For personal use only
1.1 Name of +Entity
PURSUIT MINERALS LTD
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 | 27128806977 | |
1.3 | ASX issuer code | |
PUR |
- The announcement is New announcement
- Date of this announcement
22/12/2021
1.6 The Proposed issue is:
A placement or other type of issue
Proposed issue of securities | 2 / 7 |
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 | 31/1/2022 | actual? | received/condition met? | |||
Actual | ||||||
Comments | ||||||
personal | ||||||
P rt 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)? | ||||||
Existing class | ||||||
Details of +securities proposed to be issued | ||||||
For | ASX +security code and description | |||||
PUR : ORDINARY FULLY PAID | ||||||
Number of +securities proposed to be issued 8,535,278
Offer price details
Are the +securities proposed to be issued being issued for a cash consideration?
No
Proposed issue of securities | 3 / 7 |
use only
Proposed issue of securities
Please describe the consideration being provided for the +securities
refer to Commando acquisition announcement dated 16/12/2021. Shares form part of the acquisition of the Commando option payment.
Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities
240,000.000000
Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class?
Yes
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)? | |
Existing class |
Details of +securities proposed to be issued | |
personal | ASX +security code and description |
PUR : ORDINARY FULLY PAID | |
Number of +securities proposed to be issued | |
13,336,332 | |
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 | |
Under the opiton agreement to acquire Commando. the Company can secure 100% of the project with the issue of | |
For | 13,336,332, 45% of the project with the issue of 6,223,640 shares or elect not to proceed. |
Yes | |
Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities | |
375,000.000000 |
Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class?
Proposed issue of securities | 4 / 7 |
Proposed issue of securities
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)?
New class
Will the proposed issue of this +security include an offer of attaching +securities?
No
only | ||||||
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 | |||||
use | 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 | |||||
Yes | ||||||
ASX +security code | +Security description | |||||
New class-code to be confirmed | Unlisted Options | |||||
+Security type | ||||||
personal | Options | |||||
Number of +securities proposed to be issued | ||||||
2,500,000 | ||||||
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 | ||||||
Form part of the Commando Consideration | ||||||
Please provide an estimate of the AUD equivalent of the consideration being | ||||||
provided for the +securities | ||||||
1,000.000000 | ||||||
For | Will all the +securities issued in this class rank equally in all respects from | |||||
their issue date? | ||||||
Yes | ||||||
Options details | ||||||
+Security currency | Exercise price | Expiry date | ||||
AUD - Australian Dollar | AUD 0.0281 | 21/12/2024 | ||||
Proposed issue of securities | 5 / 7 |
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Pursuit Minerals Limited published this content on 21 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 December 2021 22:01:20 UTC.