Invictus Energy : Proposed issue of Securities - IVZ

Proposed issue of securities

Announcement Summary

Entity name

INVICTUS ENERGY LTD

Announcement Type

New announcement

Date of this announcement

Wednesday March 24, 2021

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	Unlisted Option	36,363,636
IVZ	ORDINARY FULLY PAID	72,727,273

Proposed +issue date

Tuesday March 30, 2021

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

1.1 Name of +Entity

INVICTUS ENERGY 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	21150956773
1.3	ASX issuer code
IVZ
1.4 The announcement is
New announcement
1.5	Date of this announcement
Wednesday March 24, 2021
1.6	The Proposed issue is:
A placement or other type of issue

Proposed issue of securities

2 / 7

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)?

Existing class

Will the proposed issue of this +security include an offer of attaching +securities?

Yes

Details of +securities proposed to be issued

ASX +security code and description

IVZ : ORDINARY FULLY PAID

Number of +securities proposed to be issued

72,727,273

Offer price details

Are the +securities proposed to be issued being issued for a cash consideration?

Yes

In what currency is the cash consideration being paid?

AUD - Australian Dollar

What is the issue price per +security?

AUD 0.11000

Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class?

Yes

Proposed issue of securities

3 / 7

Proposed issue of securities

Attaching +Security

Is the proposed attaching 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

Attaching +Security - New class (+securities in a class that is not yet quoted or recorded by ASX)

Details of attaching +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?

No

ASX +security code

New class-code to be confirmed

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

No

+Security description

Unlisted Option

+Security type

Options

Number of +securities proposed to be issued

36,363,636

Offer price details

Are the +securities proposed to be issued being issued for a cash consideration?

No

Please describe the consideration being provided for the +securities

issued as part of this placement on a 1-for-2 basis

Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities

0.010000

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

Options details

Proposed issue of securities

4 / 7

Proposed issue of securities

+Security currency AUD - Australian Dollar

Exercise price	Expiry date
AUD 0.1700	Saturday March 30, 2024

Details of the type of +security that will be issued if the option is exercised

IVZ : ORDINARY FULLY PAID

Number of securities that will be issued if the option is exercised

36,363,636

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.

Refer to ASX announcement

Part 7C - Timetable

7C.1 Proposed +issue date

Tuesday March 30, 2021

Part 7D - Listing Rule requirements

7D.1 Has the entity obtained, or is it obtaining, +security holder approval for the entire issue under listing rule 7.1? No

7D.1b Are any of the +securities proposed to be issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1?

Yes

7D.1b ( i ) How many +securities are proposed to be issued without security holder approval using the entity's 15% placement capacity under listing rule 7.1?

61,421,834

7D.1c Are any of the +securities proposed to be issued without +security holder approval using the entity's additional 10% placement capacity under listing rule 7.1A (if applicable)?

Yes

7D.1c ( i ) How many +securities are proposed to be issued without +security holder approval using the entity's additional 10% placement capacity under listing rule 7.1A?

47,669,075

Proposed issue of securities

5 / 7