Comet Resources : Proposed issue of securities - CRL

Proposed issue of securities

Announcement Summary

For personal use only

Entity name

COMET RESOURCES LIMITED

Announcement Type

New announcement

Date of this announcement

31/5/2022

The Proposed issue is:

A non pro rata offer of securities under a disclosure document or product disclosure statement (PDS)

Total number of +securities proposed to be issued for a non pro rata offer of securities under a disclosure document or product disclosure statement (PDS)

		Maximum Number of
ASX +security code	+Security description	+securities to be issued
CRL	ORDINARY FULLY PAID	250000000

Closing date for receipt of acceptances

28/6/2022

Proposed +issue date

15/7/2022

Refer to next page for full details of the announcement

Proposed issue of securities

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Proposed issue of securities

Part 1 - Entity and announcement details

For personal use only

1.1 Name of +Entity

COMET RESOURCES 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.

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	88060628202
1.3	ASX issuer code
CRL

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

31/5/2022

1.6 The Proposed issue is:

A non-+pro rata offer of +securities under a +disclosure document or +PDS

Proposed issue of securities

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Proposed issue of securities

Part 5 - Details of proposed non-pro rata offer under a disclosure document or PDS

only
	Part 5A - Conditions
		5A.1 Do any external approvals need to be obtained or other conditions satisfied before the non-pro rata offer of
		+securities under a +disclosure document or + PDS can proceed on an unconditional basis?
		Yes
use	5A.1a Conditions
Approval/Condition	Date for determination	Is the date estimated or	** Approval
		+Security holder approval	27/6/2022		actual?	received/condition met?
			Actual
						No
		Comments
personal
	P rt 5B - Offer 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
CRL : ORDINARY FULLY PAID

The number of +securities to be offered under the +disclosure document or +PDS

250,000,000

Will the offer be conditional on applications for a minimum number of +securities being received or a minimum amount being raised (i.e. a minimum subscription condition)?

Yes

Proposed issue of securities

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Proposed issue of securities

Describe the minimum subscription condition

		Min Subscription $2,000
		Will individual security holders be required to accept the offer for a
		minimum number or value of +securities (i.e. a minimum acceptance
only	condition)?
Yes
Is the minimum acceptance unit based or dollar based?
		Dollar based ($)
		Please enter the minimum acceptance value
		$ 2,000
		Will individual security holders be limited to accepting the offer for a
use	maximum number or value of +securities (i.e. a maximum acceptance
condition)?
No
		Offer price details
		Has the offer price been determined?
		Yes
personal	In what currency will the offer be	What is the offer price per +security?
made?	AUD 0.20000
		AUD - Australian Dollar
		Oversubscription & Scale back details
		Will the entity be entitled to accept over-subscriptions?
		No
		Will a scale back be applied if the offer is over-subscribed?
		No
		Will these +securities rank equally in all respects from their issue date with
		the existing issued +securities in that class?
		Yes
For
	Part 5C - Timetable

5C.1 Lodgement date of +disclosure document or +PDS with ASIC 2/6/2022

Proposed issue of securities

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Proposed issue of securities

5C.2 Date when +disclosure document or +PDS and acceptance forms will be made available to investors

10/6/2022

		5C.3 Offer open date
only	10/6/2022
5C.4 Closing date for receipt of acceptances
		28/6/2022
		5C.6 Proposed +issue date
use	15/7/2022
	Part 5D - Listing Rule requirements
		5D.1 Has the entity obtained, or is it obtaining, +security holder approval for the entire issue under listing rule 7.1?
		Yes
		5D.1a Date of meeting or proposed meeting to approve the issue under listing rule 7.1
personal	27/6/2022
5D.2 Is a party referred to in listing rule 10.11 participating in the proposed issue?
		Yes
	Part 5E - Fees and expenses
		5E.1 Will there be a lead manager or broker to the proposed offer?
		Yes
		5E.1a Who is the lead manager/broker?
		Jett Capital Advisors LLC and Petra Capital Pty Limited
		5E.1b What fee, commission or other consideration is payable to them for acting as lead manager/broker?
For	6% Offer Fee
5E.2 Is the proposed offer to be underwritten?

No

5E.3 Will brokers who lodge acceptances or renunciations on behalf of eligible +security holders be paid a handling fee or commission?

No

Proposed issue of securities

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