Proposed issue of securities
Update Summary
Entity name
GREENVALE MINING LTD
Announcement Type
Update to previous announcement
Date of this announcement
Thursday March 18, 2021
Reason for update to a previous announcement
Increase in the number of securities to be issued under Share Purchase Plan
Refer to next page for full details of the announcement
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Proposed issue of securities
Part 1 - Entity and announcement details
1.1 Name of +Entity
GREENVALE MINING LTD
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 | 54000743555 | |
1.3 | ASX issuer code | |
GRV |
1.4 The announcement is
Update/amendment to previous announcement
1.4a Reason for update to a previous announcement
Increase in the number of securities to be issued under Share Purchase Plan
1.4b Date of previous announcement(s) to this update
Friday February 19, 2021
1.5 Date of this announcement
Thursday March 18, 2021
1.6 The Proposed issue is:
An offer of +securities under a +securities purchase plan
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Proposed issue of securities
Part 4 - Details of proposed offer under securities purchase plan
Part 4A - Conditions
4A.1 - Are any of the following approvals required for the offer of +securities under the +securities purchase plan issue to be unconditional?
+Security holder approval
Court approval
Lodgement of court order with +ASIC
ACCC approval
FIRB approval
Another approval/condition external to the entity
No
Part 4B - Offer details
Class or classes of +securities that will participate in the proposed issue and class or classes of +securities proposed to be issued
ASX +security code and description
GRV : ORDINARY FULLY PAID
Will the proposed issue of this +security include an offer of attaching +securities?
No
Details of +securities proposed to be issued
ASX +security code and description
GRV : ORDINARY FULLY PAID
Maximum total number of those +securities that could be issued if all offers under the +securities purchase plan are accepted
34,615,385
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)?
No
Will the offer be conditional on applications for a maximum number of +securities being received or a maximum amount being raised (i.e. a maximum subscription condition)?
No
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Proposed issue of securities
Will individual security holders be required to accept the offer for a minimum number or value of +securities (i.e. a minimum acceptance 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 maximum number or value of +securities (i.e. a maximum acceptance condition)?
Yes
Is the maximum acceptance unit based or dollar based?
Dollar based ($)
Please enter the maximum acceptance value
$ 30,000
Describe all the applicable parcels available for this offer in number of securities or dollar value
$2,000, $5,000, $10,000, $15,000, $20,000, $25,000, $30,000
Reason for the update of 'Maximum Number of +securities proposed to be issued
Offer price details
Has the offer price been determined?
Yes
In what currency will the offer be made?
What is the offer price per +security?
AUD - Australian Dollar | AUD 0.13000 |
Oversubscription & Scale back details
Will a scale back be applied if the offer is over-subscribed?
Yes
Describe the scale back arrangements
Board has elected to increase the full offer amount under the plan from $3,000,000 to $4,500,000 and there will be an equitable scale back at the total discretion of the board
Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class?
Yes
Part 4C - Timetable
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Proposed issue of securities
4C.1 Date of announcement of +security purchase plan
Friday February 19, 2021
4C.2 +Record date
Thursday February 18, 2021
4C.3 Date on which offer documents will be made available to investors
Friday February 26, 2021
4C.4 Offer open date
Friday February 26, 2021
4C.5 Offer closing date
Monday March 15, 2021
4C.6 Announcement of results
Thursday March 18, 2021
4C.7 +Issue date
Monday March 22, 2021
Part 4D - Listing Rule requirements
4D.1 Does the offer under the +securities purchase plan meet all of the requirements of listing rule 7.2 exception 5 or do you have a waiver from those requirements?
Yes
Part 4E - Fees and expenses
4E.1 Will there be a lead manager or broker to the proposed offer? No
4E.2 Is the proposed offer to be underwritten? No
4E.3 Will brokers who lodge acceptances or renunciations on behalf of eligible +security holders be paid a handling fee or commission?
No
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Greenvale Energy Ltd. published this content on 18 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 April 2021 13:39:11 UTC.