Notification of Issue, Conversion or Payment up of Unquoted Equity Securities
Announcement Summary
For personal use only
Entity name
LATIN RESOURCES LIMITED
Date of this announcement
Tuesday March 08, 2022
The +securities the subject of this notification are:
Other
Total number of +securities to be issued/transferred
Total number of | |||
ASX +security | +securities to be | ||
code | Security description | issued/transferred | Issue date |
New class - code | Unlisted Options exercisable at $0.05 on or before | 35,000,000 | 08/03/2022 |
to be confirmed | 31 March 2026 |
Refer to next page for full details of the announcement
Notification of Issue, Conversion or Payment up of Unquoted | 1 / 7 |
Notification of Issue, Conversion or Payment up of Unquoted Equity Securities
Part 1 - Entity and announcement details
For personal use only
1.1 Name of entity
LATIN RESOURCES LIMITED
We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.
1.2 | Registered number type | Registration number |
ABN | 81131405144 | |
1.3 | ASX issuer code | |
LRS |
- The announcement is New announcement
- Date of this announcement
8/3/2022
Notification of Issue, Conversion or Payment up of Unquoted | 2 / 7 |
Notification of Issue, Conversion or Payment up of Unquoted Equity Securities
Part 2 - Issue details
For personal use only
2.1 The +securities the subject of this notification are: Other
Please specify
Issue of unlisted options per Option Funding Agreement - announced to ASX on 28 February 2022
2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which:
does not have an existing ASX security code ("new class")
Notification of Issue, Conversion or Payment up of Unquoted | 3 / 7 |
Notification of Issue, Conversion or Payment up of Unquoted Equity Securities
Part 3C - number and type of +securities the subject of this notification (new class) where issue has not previously been notified to ASX
in an Appendix 3B
only | New +securities | |||
ASX +security code | +Security description | |||
New class - code to be confirmed | Unlisted Options exercisable at $0.05 on or before 31 | |||
March 2026 | ||||
+Security type | ISIN code | |||
use | Options | |||
Date the +securities the subject of this notification were issued | ||||
8/3/2022 | ||||
Will all the +securities issued in this class rank equally in all respects from their issue date? | ||||
No | ||||
If some of the issued +securities do not rank equally: | ||||
personal | Is the actual date from which the +securities will rank | |||
equally (non-ranking end date) known? | ||||
No | ||||
Provide the estimated non-ranking end period | ||||
31 March 2026 (Expiry Date) | ||||
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 | ||||
Upon exercise and conversion of options into ordinary shares, the securities will rank equally with the existing class of | ||||
ordinary shares on issue | ||||
Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under | ||||
listing rule 6.1? | ||||
No | ||||
For | Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being | |||
issued. | ||||
The Terms and Conditions of the Options will be included in a Notice of Meeting to be prepared for the ratification of the | ||||
issue of the Options | ||||
Options Details | ||||
+Security currency | Exercise price | Expiry date | ||
AUD - Australian Dollar | AUD 0.05000000 | 31/3/2026 |
Notification of Issue, Conversion or Payment up of Unquoted | 4 / 7 |
Notification of Issue, Conversion or Payment up of Unquoted Equity Securities
Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option
Other
Description
only | LRS - Ordinary Shares | |||
Any other information the entity wishes to provide about the +securities the subject of this notification | ||||
Refer to ASX Announcement lodged 22 February 2022 - $2.5m Option Funding Agreement to Advance Lithium Projects in | ||||
Brazil | ||||
Please provide any further information needed to understand the circumstances in which you are notifying the | ||||
issue of these +securities to ASX, including why the issue of the +securities has not been previously announced to | ||||
use | the market in an Appendix 3B | |||
The issue of the options was only recently agreed with Lind as per the Announcement lodged on 22 February 2022 | ||||
I | ue details | |||
personalFor | Number of +securities | |||
35,000,000 | ||||
Were the +securities issued for a cash consideration? | ||||
No | ||||
Please describe the consideration being provided for the +securities | ||||
Issue of the Options was a key term of the Option Funding Agreement with Lind as announced to ASX on 22 February | ||||
2022 | ||||
Purpose of the issue | ||||
Other | ||||
Additional Details | ||||
Notification of Issue, Conversion or Payment up of Unquoted | 5 / 7 |
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Latin Resources Limited published this content on 08 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 March 2022 05:40:08 UTC.