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MarketScreener Homepage  >  Equities  >  Australian Stock Exchange  >  Castillo Copper Limited    CCZ   AU000000CCZ2

CASTILLO COPPER LIMITED

(CCZ)
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Castillo Copper : Proposed issue of Securities - CCZ

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03/26/2020 | 10:33pm EDT

Proposed issue of securities

Announcement Summary

Entity name

CASTILLO COPPER LIMITED

Announcement Type

New announcement

Date of this announcement

Friday March 27, 2020

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

n/a

Quoted options exercisable at $0.05 on or before 27 March

61,500,000

2023

Proposed +issue date

Friday March 27, 2020

Refer to next page for full details of the announcement

Proposed issue of securities

1 / 5

Proposed issue of securities

Part 1 - Entity and announcement details

1.1 Name of +Entity

CASTILLO COPPER 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.

1.2

Registered Number Type

Registration Number

ABN

52137606476

1.3

ASX issuer code

CCZ

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

Friday March 27, 2020

1.6 The Proposed issue is:

A placement or other type of issue

Proposed issue of securities

2 / 5

Proposed issue of securities

Part 7 - Details of proposed placement or other issue

Part 7A - Conditions

7A.1 - Are any of the following approvals required for the placement or other type of issue?

+Security holder approval

Court approval

Lodgement of court order with +ASIC

ACCC approval

FIRB approval

Another approval/condition external to the entity

No

Part 7B - Issue details

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

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 ASX that the terms of the proposed +securities are appropriate and equitable under listing rule 6.1?

Yes

ASX +Security Code

New class-code to be confirmed

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

Yes

+Security Description

Quoted options exercisable at $0.05 on or before 27 March 2023

+Security Type

Options

Maximum Number of +securities proposed to be issued

61,500,000

Proposed issue of securities

3 / 5

Proposed issue of securities

Purpose of the issue

A one-for-one free attaching option for the placement participants of the placement completed on 12 December 2018.

Offer price details for retail security holders

In what currency is the cash consideration being paid?

What is the issue price per +security?

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

Yes

Oversubscription & Scale back details

May a scale back be applied to this event?

No

Options details

+Security Currency

Exercise Price

Expiry date

AUD - Australian Dollar

AUD 0.0500

Monday March 27, 2023

Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option

CCZ : ORDINARY FULLY PAID

Please provide any further information relating to the principal terms of the +securities

Quoted options exercisable at $0.05 on or before 27 March 2023

Part 7C - Timetable

7C.1 Proposed +issue date

Friday March 27, 2020

Part 7D - Listing Rule requirements

7D.1 Has the entity obtained, or is it obtaining, +security holder approval for the issue under listing rule 7.1? Yes

Proposed issue of securities

4 / 5

Proposed issue of securities

7D.1a Date of meeting or proposed meeting to approve the issue under listing rule 7.1

Friday March 27, 2020

7D.2 Is a party referred to in listing rule 10.11.1 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

7D.4 Will any of the +securities to be issued be subject to +voluntary escrow? No

Part 7E - Fees and expenses

7E.1 Will there be a lead manager or broker to the proposed issue? No

7E.2 Is the proposed issue to be underwritten? No

7E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed issue

Part 7F - Further Information

7F.1 Will the entity be changing its dividend/distribution policy if the proposed issue proceeds? No

7F.2 Any other information the entity wishes to provide about the proposed issue

Proposed issue of securities

5 / 5

Disclaimer

Castillo Copper Limited published this content on 27 March 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 March 2020 03:32:06 UTC

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Financials
Sales 2019 - - -
Net income 2019 -1,92 M -1,34 M -1,34 M
Net cash 2019 0,18 M 0,12 M 0,12 M
P/E ratio 2019 -5,10x
Yield 2019 -
Capitalization 36,2 M 25,2 M 25,2 M
EV / Sales 2018 -
EV / Sales 2019 -
Nbr of Employees -
Free-Float 92,3%
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Managers
NameTitle
Simon Paull Managing Director & Director
Robert Norman Scott Chairman
Gerrard Hall Non-Executive Director
Dale Hanna Secretary