Notification of Issue, Conversion or Payment up of Unquoted Equity SecuritiesAnnouncement Summary
Entity name
For personal use only
RINCON RESOURCES LIMITED
Date of this announcement Monday April 04, 2022
The +securities the subject of this notification are:Other
Total number of +securities to be issued/transferredASX +securityTotal number of +securities to be
code | Security description | issued/transferred | Issue date |
New class - code | OPTIONS EXPIRING 30-MAR-2025 EX $0.20 | 2,500,000 | 30/03/2022 |
to be confirmed |
Refer to next page for full details of the announcementNotification of Issue, Conversion or Payment up of Unquoted Equity Securities
1 / 7
Notification of Issue, Conversion or Payment up of Unquoted Equity SecuritiesPart 1 - Entity and announcement details
For personal use only
1.1 Name of entity
RINCON 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 ACN
1.3 ASX issuer code RCR
1.4 The announcement isNew announcement
1.5 Date of this announcement 4/4/2022
Registration number 628003538
Notification of Issue, Conversion or Payment up of Unquoted Equity Securities
2 / 7
Notification of Issue, Conversion or Payment up of Unquoted Equity Securities
Part 2 - Issue details
2.1 The +securities the subject of this notification are:
Other
For personal use only
Please specify
Issue of 2,500,000 unquoted options expiring 30 March 2025 with an exercise price of $0.20.
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")
Notification of Issue, Conversion or Payment up of Unquoted Equity Securities
3 / 7
Notification of Issue, Conversion or Payment up of Unquoted Equity Securities
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
For personal use only
New +securities
ASX +security code
+Security description
New class - code to be confirmed
OPTIONS EXPIRING 30-MAR-2025 EX $0.20
+Security type
ISIN code
Options
Date the +securities the subject of this notification were issued 30/3/2022
Will all the +securities issued in this class rank equally in all respects from their issue date?
Yes
Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1?
Yes
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued.
Options Details
+Security currency | Exercise price | Expiry date |
AUD - Australian Dollar | AUD 0.20000000 | 30/3/2025 |
Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option
Other
Description
RCR: ORDINARY FULLY PAID
Any other information the entity wishes to provide about the +securities the subject of this notification
Notification of Issue, Conversion or Payment up of Unquoted Equity Securities
4 / 7
Notification of Issue, Conversion or Payment up of Unquoted Equity Securities
Please provide any further information needed to understand the circumstances in which you are notifying the issue of these +securities to ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B
The proposed issue of the securities was disclosed via the Appendix 3B dated 29 March 2022.
For personal use only
Other securities included in that Appendix 3B but not issued are 2,500,000 options with an exercise price of $0.20 expiring 36 months from the date of issue, which vest should the Company raise a total of at least $2,000,000 of additional capital at a price of more than $0.20 per Share by 28 August 2022.
Issue details
Number of +securities
2,500,000
Were the +securities issued for a cash consideration?
No
Please describe the consideration being provided for the +securities
Investor relations services
Purpose of the issue
To pay for services rendered
Additional Details
Notification of Issue, Conversion or Payment up of Unquoted Equity Securities
5 / 7
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Rincon Resources Ltd. published this content on 04 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 April 2022 07:53:03 UTC.