Proposed issue of securities
Announcement Summary
For personal use only
Entity name
MEDALLION METALS LIMITED.
Announcement Type
New announcement
Date of this announcement
25/11/2021
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 |
New class-code to be | OPTION EX $0.285 | 2,000,000 |
confirmed |
Proposed +issue date
31/1/2022
Refer to next page for full details of the announcement
Proposed issue of securities | 1 / 6 |
Proposed issue of securities
Part 1 - Entity and announcement details
For personal use only
1.1 Name of +Entity
MEDALLION METALS 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 | 89609225023 | |
1.3 | ASX issuer code | |
MM8 |
- The announcement is New announcement
- Date of this announcement
25/11/2021
1.6 The Proposed issue is:
A placement or other type of issue
Proposed issue of securities | 2 / 6 |
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? | ||||||||||
Yes | ||||||||||
use | 7A.1a Conditions | |||||||||
Approval/Condition | Date for determination | Is the date estimated or | ** Approval | |||||||
+Security holder approval | 31/1/2022 | actual? | received/condition met? | |||||||
Estimated | ||||||||||
Comments | ||||||||||
personal | ||||||||||
P rt 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? | |||||||||
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 | ||||||||||
For | 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 | OPTION EX $0.285 | |||||||||
+Security type Options
Proposed issue of securities | 3 / 6 |
Proposed issue of securities
Number of +securities proposed to be issued 2,000,000
Offer price details | ||||||
only | Are the +securities proposed to be issued being issued for a cash consideration? | |||||
No | ||||||
Please describe the consideration being provided for the +securities | ||||||
In part consideration for lead manager services provided in respect of a capital raising. | ||||||
Please provide an estimate of the AUD equivalent of the consideration being | ||||||
use | provided for the +securities | |||||
Will all the +securities issued in this class rank equally in all respects from | ||||||
their issue date? | ||||||
personal | Yes | |||||
Options details | ||||||
+Security currency | Exercise price | Expiry date | ||||
AUD - Australian Dollar | AUD 0.2850 | 31/1/2025 | ||||
Details of the type of +security that will be issued if the option is exercised | ||||||
MM8 : ORDINARY FULLY PAID | ||||||
Number of securities that will be issued if the option is exercised | ||||||
2000000 | ||||||
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. | ||||||
For | ||||||
Part 7C - Timetable | ||||||
7C.1 Proposed +issue date | ||||||
31/1/2022 | ||||||
Proposed issue of securities | 4 / 6 |
Proposed issue of securities
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?
Yes | |
only | 7D.1a Date of meeting or proposed meeting to approve the issue under listing rule 7.1 |
31/1/2022 | |
7D.2 Is a party referred to in listing rule 10.11 participating in the proposed issue? | |
No | |
use | 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? No
Part 7E - Fees and expenses
personal
7E.1 Will there be a lead manager or broker to the proposed issue? No
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
Part 7F - Further Information
For
7F.01 The purpose(s) for which the entity is issuing the securities
In part consideration for lead manager services provided in respect of a capital raising.
7F.1 Will the entity be changing its dividend/distribution policy if the proposed issue proceeds? No
7F.2 Any other information the entity wishes to provide about the proposed issue
Summary of terms and conditions of the options to be provided in due course in the notice of meeting for the general meeting of shareholders to approve the issue of the options.
Proposed issue of securities | 5 / 6 |
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Medallion Metals Ltd. published this content on 24 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 November 2021 23:39:04 UTC.