Proposed issue of securities
Announcement Summary
For personal use only
Entity name
GBM RESOURCES LIMITED
Announcement Type
New announcement
Date of this announcement
22/12/2021
The Proposed issue is:
A standard pro rata issue (including non-renounceable or renounceable)
Total number of +securities proposed to be issued for a standard pro rata issue (including non-renounceable or renounceable)
Maximum Number of | ||
ASX +security code | +Security description | +securities to be issued |
New class-code to be | Unquoted options exercisable at $0.075 each and expiring | 51,080,931 |
confirmed | 30 November 2022 | |
Ex date | ||
1/2/2022 | ||
+Record date | ||
2/2/2022 | ||
Offer closing date | ||
21/2/2022 | ||
Issue date | ||
24/2/2022 |
Refer to next page for full details of the announcement
Proposed issue of securities | 1 / 7 |
Proposed issue of securities
Part 1 - Entity and announcement details
For personal use only
1.1 Name of +Entity
GBM 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 | 91124752745 | |
1.3 | ASX issuer code | |
GBZ |
- The announcement is New announcement
- Date of this announcement
22/12/2021
1.6 The Proposed issue is:
A standard +pro rata issue (non-renounceable or renounceable)
1.6a The proposed standard +pro rata issue is: + Non-renounceable
Proposed issue of securities | 2 / 7 |
Proposed issue of securities
Part 3 - Details of proposed entitlement offer issue
only | |||||||
Part 3A - Conditions | |||||||
3A.1 Do any external approvals need to be obtained or other conditions satisfied before the entitlement offer can | |||||||
proceed on an unconditional basis? | |||||||
use | No | ||||||
Part 3B - Offer details | |||||||
Class or classes of +securities that will participate in the proposed issue and class or classes of +securities | |||||||
personal | proposed to be issued | ||||||
ASX +security code and description | |||||||
GBZ : ORDINARY FULLY PAID | |||||||
Is the proposed security a 'New | Will the proposed issue of this | If the entity has quoted company | |||||
class' (+securities in a class that is | +security include an offer of | options, do the terms entitle option | |||||
not yet quoted or recorded by ASX) | attaching +securities? | holders to participate on exercise? | |||||
or an 'Existing class' (additional | No | Yes | |||||
securities in a class that is already | |||||||
quoted or recorded by ASX)? | |||||||
New class | |||||||
D | tails of +securities proposed to be issued | ||||||
ISIN Code (if Issuer is a foreign company and +securities are non CDIs) | |||||||
For | ISIN Code for the entitlement or right to participate in a non-renounceable | ||||||
issue (if Issuer is foreign company and +securities are non CDIs) | |||||||
Have you received confirmation from | Will the entity be seeking quotation | ||||||
ASX that the terms of the proposed | of the 'new' class of +securities on | ||||||
+securities are appropriate and | ASX? | ||||||
equitable under listing rule 6.1? | No | ||||||
No | |||||||
ASX +security code | +Security description | ||||||
New class-code to be confirmed | Unquoted options exercisable at $0.075 each and expiring 30 November 2022 | ||||||
Proposed issue of securities | 3 / 7 |
For personal use only
Proposed issue of securities
+Security type
Options
Offer ratio (ratio to existing holdings at which the proposed +securities will be issued)
The quantity of additional +securities | For a given quantity of +securities |
to be issued | held |
1 | 10 |
What will be done with fractional | Maximum number of +securities |
entitlements? | proposed to be issued (subject to |
rounding) | |
Fractions rounded up to the next | 51,080,931 |
whole number | |
Offer price details for retail security holders | |
In what currency will the offer be | What is the offer price per +security |
made? | for the retail offer? |
AUD - Australian Dollar | AUD 0.02500 |
Oversubscription & Scale back details
Will individual +security holders be permitted to apply for more than their entitlement (i.e. to over-subscribe)?
Yes
Describe the limits on over-subscription
Applications for over-subscriptions will be determined by the Board in its sole discretion.
Will a scale back be applied if the offer is over-subscribed?
Yes
Describe the scale back arrangements
Scale back of over-subscribe securities will be determined by the Board in its sole discretion.
Will all the +securities issued in this class rank equally in all respects from their issue date?
Yes
Options details | ||
+Security currency | Exercise price | Expiry date |
AUD - Australian Dollar | AUD 0.0750 | 30/11/2022 |
Proposed issue of securities | 4 / 7 |
Proposed issue of securities
Details of the type of +security that will be issued if the option is exercised
GBZ : ORDINARY FULLY PAID
Number of securities that will be issued if the option is exercised | |||||
only | 1 | ||||
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities | |||||
proposed to be issued or provide the information by separate announcement. | |||||
Material terms of the securities will be included in the Offer Prospectus | |||||
Details of company options where holders entitled to participate in the offer | |||||
use | ASX +security code and description | ||||
GBZOB : OPTION EXPIRING 06-JUL-2023 | |||||
Date Option must be exercised by | |||||
2/2/2022 | |||||
personal | |||||
P rt 3C - Timetable | |||||
3C.1 +Record date | |||||
2/2/2022 | |||||
3C.2 Ex date | |||||
1/2/2022 | |||||
3C.4 Record date | |||||
2/2/2022 | |||||
3C.5 Date on which offer documents will be sent to +security holders | |||||
For | entitled to participate in the +pro rata issue | ||||
7/2/2022 | |||||
3C.6 Offer closing date | |||||
21/2/2022 | |||||
3C.7 Last day to extend the offer closing date | |||||
16/2/2022 | |||||
3C.9 Trading in new +securities commences on a deferred settlement basis | |||||
22/2/2022 | |||||
Proposed issue of securities | 5 / 7 |
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GBM Resources Limited published this content on 22 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 December 2021 05:32:08 UTC.