Appendix 3B
New issue announcement
Rule 2.7, 3.10.3, 3.10.4, 3.10.5
Appendix 3B
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
Navarre Minerals Limited
ABN
66 125 140 105
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
43,181,900 shares
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)
The Shares will rank equally with existing fully paid ordinary shares
Appendix 3B New issue announcement
- 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
- Issue price or consideration
-
Purpose of the issue
(If issued as consideration for the acquisition of assets, clearly identify those assets)
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 |
Yes
$0.11 per share
The net proceeds from the issue of Shares will be used for exploration and ongoing corporate expenses.
Yes
23 November 2018
6c | Number | of | +securities | issued | Nil |
without security holder approval | |||||
under rule 7.1 | |||||
6d | +securities | ||||
Number | of | issued | 43,181,900 shares (subject of this release) | ||
with security | holder approval | ||||
under rule 7.1A |
Appendix 3B
New issue announcement
6e | Number of | +securities issued | Nil |
with security | holder approval | ||
under rule 7.3, or another | |||
specific security holder approval | |||
(specify date of meeting) | |||
6f
6g
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.
Nil
Yes, 43,181,900 shares were issued pursuant to rule 7.1A.
VWAP date: 11 October 2019
Issue date: 24 October 2019
15 day VWAP: $0.1070
75% of VWAP: $0.0803
Premium to VWAP: 3%
Source: Hartleys Limited
6h | If +securities were issued under | N/A | ||||
rule | 7.1A | for | non-cash | |||
consideration, state | date | on | ||||
which | valuation | of | ||||
consideration | was released | to | ||||
ASX Market Announcements |
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 65,259,037
7.1A 324,125
Total 65,583,162
7 | +Issue dates | 24 October 2019 |
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. | ||
+ See chapter 19 for defined terms.
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Appendix 3B New issue announcement
8 Number and +class of all +securities quoted on ASX (including the +securities in section 2 if applicable)
Number | +Class |
478,242,151 | Fully paid ordinary |
shares | |
9 Number and +class of all +securities not quoted on ASX (including the +securities in section 2 if applicable)
Number | +Class |
200,000 | $0.072 options |
(expire 31/12/21) | |
200,000 | $0.09 options |
(expire 31/12/21) | |
2,750,000 | $0.15 options |
(expire 29/1/23) | |
5,400,000 | $0.15 options |
(expire 10/4/23) | |
1,000,000 | $0.15 options |
(expire 6/6/21) | |
2,100,000 | $0.12 options |
(expire 21/2/24) | |
6,100,000 | $0.12 options |
(expire 17/5/24) | |
4,000,000 | $0.1313 options |
(expire 17/5/22) | |
10 Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests)
The Company does not presently have a formal dividend policy.
Part 2 - Pro rata issue
- Is security holder approval required?
- Is the issue renounceable or non- renounceable?
- Ratio in which the +securities will be offered
- +Class of +securities to which the offer relates
+ See chapter 19 for defined terms.
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Appendix 3B
New issue announcement
15 +Record date to determine entitlements
- Will holdings on different 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.
19 Closing date for receipt of acceptances or renunciations
20 Names of any underwriters
- Amount of any underwriting fee or commission
- Names of any brokers to the issue
- Fee or commission payable to the broker to the issue
- Amount of any handling fee payable to brokers who lodge acceptances or renunciations on behalf of security holders
- If the issue is contingent on security holders' approval, the date of the meeting
- Date entitlement and acceptance form and offer documents will be sent to persons entitled
- If the entity has issued options, and the terms entitle option holders to participate on exercise, the date on which notices will be sent to option holders
+ See chapter 19 for defined terms.
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4834-3171-6177, v. 1
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Navarre Minerals Limited published this content on 24 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 October 2019 00:44:07 UTC