CASTILLO COPPER
LIMITED
ASX Release
29 January 2020
CASTILLO
COPPER LIMITED
ACN 137 606 476
Level 26
140 St Georges Terrace
Perth WA, 6000
Australia
Tel: +61 8 6558 0886
Fax: +61 8 6316 3337
Contact:
Simon Paull
Managing Director
E-mail:
info@castillocopper.com
For the latest news:
www.castillocopper.com
Directors:
Rob Scott
Simon Paull
Matt Bull
Gerrard Hall
Officer:
Alan Armstrong
Issued Capital:
793.9 million shares 184 million options
ASX Symbol:
CCZ
Amendment to Appendix 3B dated 23 January
2020
Attached below is an amended Appendix 3B notice that was originally submitted to the ASX on 23 January 2020.
The Company seeks to correct an error in the entity's number and class of all securities not quoted on ASX (box 9), which had not been updated following the conversion of convertible notes on 23 January 2020.
Yours sincerely
Tim Slate
Company Secretary
Appendix 3B
Rule 2.7, 3.10.3, 3.10.4, 3.10.5
New issue announcement,
application for quotation of additional securities
and agreement
Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.
Introduced 01/07/96 Origin: Appendix 5 Amended 01/07/98, 01/09/99, 01/07/00, 30/09/01, 11/03/02, 01/01/03, 24/10/05, 01/08/12, 04/03/13
Name of entity
CASTILLO COPPER LIMITED
ABN
52 137 606 476
We (the entity) give ASX the following information.
Part 1 - All issues
You must complete the relevant sections (attach sheets if there is not enough space).
- +Class of +securities issued or to be issued
- Number of +securities issued or to be issued (if known) or maximum number which may be issued
- Fully paid Ordinary Shares
- Unlisted Options
- 18,133,402
- 18,133,402
3 Principal terms of the +securities (e.g. if options, exercise price and expiry date; if partly paid
+securities, the amount outstanding and due dates for
payment; if +convertible securities, the conversion price and dates for conversion)
- Fully paid Ordinary Shares
- Unlisted options with an exercise price of $0.05 each, vesting immediately and expire on 1 August 2022
4 Do the +securities rank equally in all respects from the +issue date with an existing +class of quoted +securities?
If the additional +securities do not rank equally, please state:
- the date from which they do
- the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment
- the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment
- Yes - the Fully Paid Ordinary Shares will rank equally with existing quoted fully paid ordinary shares.
- No - but shares issued upon exercise of options will rank equally in respects from the date of issue with existing fully paid ordinary shares.
5 | Issue price or consideration | 1) | Conversion of $258,500 of Convertible Notes |
at a conversion price of $0.01477 | |||
(17,501,691 Ordinary Shares and Options) | |||
and | |||
2) | Conversion $10,000 of Convertible Notes at | ||
a conversion price of $0.01583 (631,711 | |||
Ordinary Shares and Options) |
6 Purpose of the issue
(If issued as consideration for the acquisition of assets, clearly identify those assets)
- Issued upon conversion of Convertible Notes pursuant to shareholder approval received on 6 November 2019.
- Issued upon conversion of Convertible Notes pursuant to shareholder approval received on 6 November 2019.
6a | Is the entity an +eligible entity that |
has obtained security holder | |
approval under rule 7.1A? | |
If Yes, complete sections 6b - 6h in | |
relation to the +securities the subject | |
of this Appendix 3B, and comply with | |
section 6i | |
6b | The date the security holder |
resolution under rule 7.1A was passed | |
6c | Number of +securities issued without |
security holder approval under rule | |
7.1 |
Yes
29 November 2019
Nil
6d | Number of +securities issued with | Nil |
security holder approval under rule | ||
7.1A |
- See chapter 19 for defined terms. Appendix 3B Page 2
6e | Number of +securities issued with | Nil |
security holder approval under rule | ||
7.3, or another specific security | ||
holder approval (specify date of | ||
meeting) |
6f
6g
6h
Number of +securities issued under an exception in rule 7.2
If +securities issued under rule 7.1A, was issue price at least 75% of 15 day VWAP as calculated under rule
7.1A.3? Include the +issue date and both values. Include the source of the VWAP calculation.
If +securities were issued under rule 7.1A for non-cash consideration, state date on which valuation of consideration was released to ASX Market Announcements
Exception 4)
- 18,133,402 Fully paid ordinary shares
- 18,133,402 Unquoted options
N/A
N/A
6i Calculate the entity's remaining issue capacity under rule 7.1 and rule 7.1A - complete Annexure 1 and release to ASX Market Announcements
7.1 - 25,949,990 7.1A - 4,931,104
7 | +Issue dates | 23 January 2020 |
Note: The issue date may be prescribed by ASX (refer | ||
to the definition of issue date in rule 19.12). For | ||
example, the issue date for a pro rata entitlement | ||
issue must comply with the applicable timetable in | ||
Appendix 7A. | ||
Cross reference: item 33 of Appendix 3B. |
8 Number and +class of all +securities quoted on ASX (including the +securities in section 2 if applicable)
Number | +Class |
793,936,049 | Ordinary Shares |
(CCZ) | |
9 Number and +class of all +securities not quoted on ASX (including the +securities in section 2 if applicable)
Number | +Class |
15,000,000 | Options expiring 5/7/20 |
from issue @ $0.03 | |
10,000,000 | Options expiring 30/6/20 |
from issue @ $0.03 | |
17,000,000 | Options expiring |
31/12/23 from issue @ | |
$0.10 | |
15,000,000 | Options expiring 1/2/22 |
from issue @ $0.05 | |
5,000,000 | Options expiring |
31/12/23 from issue @ | |
$0.05 | |
57,716,574 | Options expiring 1/08/22 |
from issue @ $0.05 | |
52,291,667 | Options expiring 2/12/22 |
from issue @ $0.05 | |
3,000,000 | Options expiring 2/12/22 |
from issue @ $0.05 | |
subject to vesting | |
conditions | |
Options expiring | |
3,000,000 | 31/12/22 from issue @ |
$0.05 | |
Options expiring | |
6,000,000 | 31/12/22 from issue @ |
$0.05 subject to vesting | |
conditions |
10 Dividend policy (in the case of a N/A trust, distribution policy) on the increased capital (interests)
- See chapter 19 for defined terms. Appendix 3B Page 4
Part 2 - Pro rata issue
11 Is security holder approval N/A required?
12 | Is the issue renounceable or non- | N/A |
renounceable? | ||
13 | Ratio in which the +securities will | |
N/A | ||
be offered | ||
14 | +Class of +securities to which the | |
N/A | ||
offer relates |
- +Record date to determine N/A entitlements
- Will holdings on different N/A registers (or subregisters) be aggregated for calculating entitlements?
- Policy for deciding entitlements in relation to fractions
- Names of countries in which the entity has security holders who will not be sent new offer documents
Note: Security holders must be told how their entitlements are to be dealt with.
Cross reference: rule 7.7.
N/A
N/A
19 Closing date for receipt of N/A acceptances or renunciations
20 Names of any underwriters | N/A |
21 Amount of any underwriting fee N/A or commission
22 | Names of any brokers to the issue | N/A |
23 | Fee or commission payable to the | |
N/A | ||
broker to the issue |
24 Amount of any handling fee N/A payable to brokers who lodge acceptances or renunciations on behalf of security holders
25 If the issue is contingent on N/A security holders' approval, the
date of the meeting
26 | Date entitlement and acceptance | N/A |
form and offer documents will be | ||
sent to persons entitled |
27 If the entity has issued options, N/A and the terms entitle option holders to participate on exercise,
the date on which notices will be sent to option holders
- Date rights trading will begin (if applicable)
- Date rights trading will end (if applicable)
- How do security holders sell their entitlements in full through a broker?
N/A
N/A
N/A
31 | How do security holders sell part | N/A |
of their entitlements through a | ||
broker and accept for the | ||
balance? | ||
32 | How do security holders dispose | |
N/A | ||
of their entitlements (except by | ||
sale through a broker)? | ||
33 | +Issue date | |
N/A |
Part 3 - Quotation of securities
You need only complete this section if you are applying for quotation of securities
34 Type of +securities (tick one)
(a) | +Securities described in Part 1 |
- All other +securities
Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities
- See chapter 19 for defined terms. Appendix 3B Page 6
Entities that have ticked box 34(a)
Additional securities forming a new class of securities
Tick to indicate you are providing the information or documents
- If the +securities are +equity securities, the names of the 20 largest holders of the additional +securities, and the number and percentage of additional +securities held by those holders
- If the +securities are +equity securities, a distribution schedule of the additional
+securities setting out the number of holders in the categories 1 - 1,000
1,001 - 5,000
5,001 - 10,000
10,001 - 100,000
100,001 and over
37 | A copy of any trust deed for the additional +securities |
Quotation agreement
1 | +Quotation of our additional +securities is in ASX's absolute discretion. ASX |
may quote the +securities on any conditions it decides. |
2 We warrant the following to ASX.
- The issue of the +securities to be quoted complies with the law and is not for an illegal purpose.
- There is no reason why those +securities should not be granted +quotation.
- An offer of the +securities for sale within 12 months after their issue will not require disclosure under section 707(3) or section 1012C(6) of the Corporations Act.
Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty
- Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any +securities to be quoted and that no-one has any right to return any +securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the +securities be quoted.
- If we are a trust, we warrant that no person has the right to return the +securities to be quoted under section 1019B of the Corporations Act at the time that we request that the +securities be quoted.
- We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement.
- We give ASX the information and documents required by this form. If any information or document is not available now, we will give it to ASX before +quotation of the +securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete.
Sign here: | Tim Slate | Date: 29 January 2020 |
(Company Secretary) | ||
== == == == == |
- See chapter 19 for defined terms. Appendix 3B Page 8
Appendix 3B - Annexure 1
Calculation of placement capacity under rule 7.1 and rule 7.1A for eligible entities
Introduced 01/08/12 Amended 04/03/13
Part 1
Rule 7.1 - Issues exceeding 15% of capital
Step 1: Calculate "A", the base figure from which the placement capacity is calculated
Insert number of fully paid +ordinary | 641,594,475 |
securities on issue 12 months before the | |
+issue date or date of agreement to issue | |
Add the following: | |
• Number of fully paid +ordinary | 34,811,255 shares issued on conversion of |
securities issued in that 12 month | Convertible Notes issued on 27 August |
period under an exception in rule 7.2 | 2019 on the terms announced on 9 August |
• Number of fully paid +ordinary | 2019 - issued 27.09.19 |
4,771,917 shares issued on conversion of | |
securities issued in that 12 month | |
Convertible Notes issued on 19 November | |
period with shareholder approval | |
2019 on the terms announced on 9 August | |
• Number of partly paid +ordinary | 2019 - issued 2.12.19 |
securities that became fully paid in that | 18,133,402 shares issued on conversion of |
12 month period | Convertible Notes issued on 11 December |
Note: | 2019 on the terms announced on 9 August |
2019 - issued 23.1.20 | |
• Include only ordinary securities here - | |
other classes of equity securities | |
cannot be added | Nil |
• Include here (if applicable) the | |
securities the subject of the Appendix | |
3B to which this form is annexed | |
• It may be useful to set out issues of | |
securities on different dates as | |
separate line items | |
Subtract the number of fully paid | Nil |
+ordinary securities cancelled during that | |
12 month period | |
"A" | 699,311,049 |
+ See chapter 19 for defined terms.
Appendix 3B Page 9
Step 2: Calculate 15% of "A"
"B" | 0.15 |
[Note: this value cannot be changed] | |
Multiply "A" by 0.15 | 104,896,657 |
Step 3: Calculate "C", the amount of placement capacity under rule | |||||||
7.1 that has already been used | |||||||
Insert number of +equity securities issued | |||||||
or agreed to be issued in that 12 month | |||||||
period not counting those issued: | |||||||
• Under an exception in rule 7.2 | 25,875,000 Shares issued to Sophisticated | ||||||
• Under rule 7.1A | Investors on 3.12.2019 | ||||||
30,291,667 unlisted | options | issued to | |||||
• With security holder approval under | Sophisticated | Investors | on | ||||
rule 7.1 or rule 7.4 | 3,750,000 | 3.12.2019 | to | broker and | |||
Note: | Shares issued | ||||||
media consultant on 3.12.2019 | |||||||
• This applies to equity securities, | |||||||
10,000,000 | Unquoted | options | issued | to | |||
unless specifically excluded - not just | |||||||
broker on 3.12.2019 | |||||||
ordinary securities | |||||||
9,000,000 | Unquoted | options | issued | to | |||
• Include here (if applicable) the | |||||||
broker and corporate advisor | |||||||
securities the subject of the Appendix | |||||||
on 31.12.2019 | |||||||
3B to which this form is annexed | |||||||
• It may be useful to set out issues of | |||||||
securities on different dates as | |||||||
separate line items | |||||||
"C" | 78,916,667 | ||||||
Step 4: Subtract "C" from ["A" x "B"] to calculate remaining | |||||||
placement capacity under rule 7.1 | |||||||
"A" x 0.15 | 102,176,647 | ||||||
Note: number must be same as shown in | |||||||
Step 2 | |||||||
Subtract "C" | 78,916,667 | ||||||
Note: number must be same as shown in | |||||||
Step 3 | |||||||
Total ["A" x 0.15] - "C" | 25,949,990 | ||||||
[Note: this is the remaining placement | |||||||
capacity under rule 7.1] | |||||||
- See chapter 19 for defined terms. Appendix 3B Page 10
Part 2
Rule 7.1A - Additional placement capacity for eligible entities
Step 1: Calculate "A", the base figure from which the placement capacity is calculated
"A" | 699,311,049 |
Note: number must be same as shown in | |
Step 1 of Part 1 | |
Step 2: Calculate 10% of "A" | |
"D" | 0.10 |
Note: this value cannot be changed | |
Multiply "A" by 0.10 | 69,931,104 |
Step 3: Calculate "E", the amount of placement capacity under rule 7.1A that has already been used
Insert number of +equity securities issued or agreed to be issued in that 12 month period under rule 7.1A
Notes:
- This applies to equity securities - not 65,000,000 Shares issued to Sophisticated
just ordinary securities | Investors on 2.12.2019 |
- Include here - if applicable - the securities the subject of the Appendix 3B to which this form is annexed
- Do not include equity securities issued under rule 7.1 (they must be dealt with in Part 1), or for which specific security holder approval has been obtained
- It may be useful to set out issues of securities on different dates as separate line items
"E"65,000,000
+ See chapter 19 for defined terms.
Appendix 3B Page 11
Step 4: Subtract "E" from ["A" x "D"] to calculate remaining placement capacity under rule 7.1A
"A" x 0.10 | 69,931,104 |
Note: number must be same as shown in | |
Step 2 | |
Subtract "E" | 65,000,000 |
Note: number must be same as shown in | |
Step 3 | |
Total ["A" x 0.10] - "E" | 4,931,104 |
Note: this is the remaining placement | |
capacity under rule 7.1A | |
- See chapter 19 for defined terms. Appendix 3B Page 12
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Castillo Copper Limited published this content on 29 January 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 January 2020 10:04:09 UTC