Nelson Resources : Proposed issue of securities - NES

Proposed issue of securities

Announcement Summary

For personal use only

Entity name

NELSON RESOURCES LIMITED.

Announcement Type

New announcement

Date of this announcement

24/1/2022

The Proposed issue is:

A standard pro rata issue (including non-renounceable or renounceable)

Total number of +securities proposed to be issued for a standard pro rata issue (including non-renounceable or renounceable)

		Maximum Number of
ASX +security code	+Security description	+securities to be issued
NES	ORDINARY FULLY PAID	77,716,878
NESO	OPTION EXPIRING 17-AUG-2023	38,858,439
Ex date
27/1/2022
+Record date
28/1/2022
Offer closing date
15/2/2022
Issue date
18/2/2022

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

NELSON RESOURCES 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
ACN	127620482
1.3	ASX issuer code
NES

1. The announcement is New announcement
2. Date of this announcement

24/1/2022

1.6 The Proposed issue is:

A standard +pro rata issue (non-renounceable or renounceable)

1.6a The proposed standard +pro rata issue is: + Renounceable

Proposed issue of securities

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Proposed issue of securities

Part 3 - Details of proposed entitlement offer issue

only
	Part 3A - Conditions
		3A.1 Do any external approvals need to be obtained or other conditions satisfied before the entitlement offer can
		proceed on an unconditional basis?
use	No
	Part 3B - Offer details
		Class or classes of +securities that will participate in the proposed issue and class or classes of +securities
personal	proposed to be issued
ASX +security code and description
		NES : ORDINARY FULLY PAID
		Is the proposed security a 'New	Will the proposed issue of this	If the entity has quoted company
		class' (+securities in a class that is	+security include an offer of	options, do the terms entitle option
		not yet quoted or recorded by ASX)	attaching +securities?	holders to participate on exercise?
		or an 'Existing class' (additional	Yes	Yes
		securities in a class that is already
		quoted or recorded by ASX)?
		Existing class
	D tails of +securities proposed to be issued
		ASX +security code and description
		NES : ORDINARY FULLY PAID
For	ISIN Code (if Issuer is a foreign company and +securities are non CDIs)
ISIN Code for the tradable rights created under a renounceable right issue

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

Offer ratio (ratio to existing holdings at which the proposed +securities will be issued)

The quantity of additional +securities to be issued

For a given quantity of +securities held

2	5
Proposed issue of securities	3 / 8

Proposed issue of securities

What will be done with fractional entitlements?

Maximum number of +securities proposed to be issued (subject to rounding)

only	Fractions rounded down to the nearest	77,716,878
whole number or fractions disregarded
Offer price details for retail security holders
	In what currency will the offer be	What is the offer price per +security
	made?	for the retail offer?
	AUD - Australian Dollar	AUD 0.02500
use	Oversubscription & Scale back details
personal	Will individual +security holders be permitted to apply for more than their
entitlement (i.e. to over-subscribe)?
Yes
	Describe the limits on over-subscription
	Eligible Shareholders who take up their Entitlement in full may, in addition to their Entitlement, apply for Shortfall Shares,
	regardless of the size of their present holding by completing the Entitlement and Acceptance Form in accordance with the
	instructions set out on that form.
	Will a scale back be applied if the offer is over-subscribed?
	Yes
	Describe the scale back arrangements
	At the discretion of the Directors.
	Will these +securities rank equally in all respects from their issue date with
	the existing issued +securities in that class?
For	Yes
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)?

Existing class

Attaching +Security - Existing class (additional +securities in a class that is already quoted or recorded by ASX)

Details of attaching +securities proposed to be issued

Proposed issue of securities

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only

Proposed issue of securities

ASX +security code and description

NESO : OPTION EXPIRING 17-AUG-2023

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

ISIN Code for the tradable rights created under a renounceable right issue (if Issuer is foreign company and +securities are non CDIs)

Offer ratio (ratio of attaching securities at which the new +securities will be issued)

personal use

The quantity of attaching +securities to be issued

1

What will be done with fractional entitlements?

Fractions rounded down to the nearest whole number or fractions disregarded

Offer price details for retail security holders

In what currency will the offer be made?

AUD - Australian Dollar

Oversubscription & Scale back details

Will individual +security holders be permitted to apply for more than their entitlement (i.e. to over-subscribe)?Yes

Describe the limits on over-subscription

For a given quantity of the new +securities issued

2

Maximum number of +securities proposed to be issued (subject to rounding)

38,858,439

What is the offer price per +security for the retail offer?

AUD 0.00000

For

Eligible Shareholders who take up their Entitlement in full may, in addition to their Entitlement, apply for Shortfall Shares, regardless of the size of their present holding by completing the Entitlement and Acceptance Form in accordance with the instructions set out on that form.

Will a scale back be applied if the offer is over-subscribed?

Yes

Describe the scale back arrangements

At the discretion of the Directors.

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

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