Invictus Energy : Proposed issue of securities - IVZ

Proposed issue of securities

Announcement Summary

For personal use only

Entity name

INVICTUS ENERGY LTD

Announcement Type

New announcement

Date of this announcement

17/1/2022

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
New class-code to be	Unlisted Options	2,500,000
confirmed
New code to be confirmed	ORDINARY FULLY PAID - NEW	5,000,000

Proposed +issue date

24/1/2022

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

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.

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	21150956773
1.3	ASX issuer code
IVZ
1.4 The announcement is
New announcement
1.5	Date of this announcement
17/1/2022
1.6	The Proposed issue is:
A placement or other type of issue

Proposed issue of securities

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Proposed issue of securities

Part 7 - Details of proposed placement or other issue

only
	Part 7A - Conditions
		7A.1 Do any external approvals need to be obtained or other conditions satisfied before the placement or other
		type of issue can proceed on an unconditional basis?
use	No
	Part 7B - Issue 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?
personal	or an 'Existing class' (additional	Yes
securities in a class that is already
consideration?
		quoted or recorded by ASX)?
		Existing class
	Details of +securities proposed to be issued
		ASX +security code and description
		IVZ : ORDINARY FULLY PAID
		Number of +securities proposed to be issued
		5,000,000
		Offer price details
		Are the +securities proposed to be issued being issued for a cash
For	Yes
In what currency is the cash	What is the issue price per
		consideration being paid?	+security?
		AUD - Australian Dollar	AUD 0.10000

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

No

If some of the issued +securities do not rank equally

Is the actual date from which the +securities will rank equally (non-ranking

Proposed issue of securities

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+Security type Options

Number of +securities proposed to be issued 2,500,000

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

The options are being issued as part of the placement shares on the basis of 1 option for every 2 shares issued. $0.14 exercise price, expire 31 January 2025

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

New class-codeto be confirmed

+Security description Unlisted Options

ASX +security code

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

No

Have you received confirmation from ASX that the terms of the proposed +securities are appropriate and equitable under listing rule 6.1?

Yes

Details of attaching +securities proposed to be issued

ISIN Code (if Issuer is a foreign company and +securities are non CDIs)

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

Voluntary Escrow Period for the issued shares

Please state the extent to which the +securities do not rank equally:

In relation to the next dividend, distribution or interest payment; or

For any other reason

onlyAttaching +Security

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

Proposed issue of securities

end date) known? No

Provide the estimated non-rankingend period

Voluntary Escrow of 3 months from date of issue

Date of issue expected to be week beginning 24 January 2022

For personal

Proposed issue of securities

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Proposed issue of securities

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

Yes

only
	Options details
			+Security currency
			AUD - Australian Dollar
			Exercise price	Expiry date
use		AUD 0.1400	31/1/2025
	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
			2500000
personal		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.
	Please refer to the Company's Capital Raising ASX announcement dated 29 December 2021 and SPP Prospectus lodged
			10 January 2022
	Part 7C - Timetable
		7C.1 Proposed +issue date
		24/1/2022
	Part 7D - Listing Rule requirements
For

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?

7,500,000

Proposed issue of securities

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