Invion : Cancel - Proposed issue of securities - IVX

Proposed issue of securities

Cancellation Summary

For personal use only

Entity name

INVION LIMITED

Announcement Type

Cancellation of previous announcement

Date of this announcement

23/11/2021

Reason for cancellation of previous announcement

These options were erroneously issued on the wrong terms.

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

INVION 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	76094730417
1.3 ASX issuer code
IVX
1.4 The announcement is
Cancellation of previous announcement
1.4c Reason for cancellation of previous announcement
These options were erroneously issued on the wrong terms.
1.4d Date of previous announcement to this cancellation
16/11/2021
1.5 Date of this announcement
23/11/2021
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		No
	securities in a class that is already
	quoted or recorded by ASX)?
			New class
	Details of +securities proposed to be issued
			ISIN Code (if Issuer is a 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		Options exercisable at $0.04 expiring 18 months from date of issue
For
	+Security type
	Options

Number of +securities proposed to be issued 30,000,000

Offer price details

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

No

Proposed issue of securities

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Proposed issue of securities

Please describe the consideration being provided for the +securities

Options granted to joint lead managers for capital raising

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

only		Will all the +securities issued in this class rank equally in all respects from
			their issue date?
			Yes
	Options details
use		+Security currency	Exercise price	Expiry date
			AUD - Australian Dollar	AUD 0.0400	22/5/2023
			Details of the type of +security that will be issued if the option is exercised
			IVX : ORDINARY FULLY PAID
personal		Number of securities that will be issued if the option is exercised
	30,000,000 fully paid ordinary shares
			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.
	Pa t 7C - Timetable
		7C.1 Proposed +issue date
For	22/11/2021
	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

Proposed issue of securities

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Proposed issue of securities

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?

		30,000,000 options
		7D.1c Are any of the +securities proposed to be issued without +security holder approval using the entity's
only	additional 10% placement capacity under listing rule 7.1A (if applicable)?
No
7D.2 Is a party referred to in listing rule 10.11 participating in the proposed issue?
		No
		7D.3 Will any of the +securities to be issued be +restricted securities for the purposes of the listing rules?
		No
		7D.4 Will any of the +securities to be issued be subject to +voluntary escrow?
use	No
	Part 7E - Fees and expenses
		7E.1 Will there be a lead manager or broker to the proposed issue?
personal	Yes
7E.1a Who is the lead manager/broker?
		180 Markets Pty Ltd and Evolution Capital Pty Ltd
		7E.1b What fee, commission or other consideration is payable to them for acting as lead manager/broker?
		The Joint Lead Managers will receive 6% of the gross proceeds of the Placement as well as 30,000,000 options
		exercisable at $0.04 expiring 18 months from date of issue.
		7E.2 Is the proposed issue to be underwritten?
		No
		7E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed issue
For

Part 7F - Further Information

7F.01 The purpose(s) for which the entity is issuing the securities

The Joint Lead Managers will receive the 30,000,000 options exercisable at $0.04 expiring 18 months from date of issue

as part of their fee.

7F.1 Will the entity be changing its dividend/distribution policy if the proposed issue proceeds? No

Proposed issue of securities

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