New Century Resources : Proposed issue of Securities - NCZ

Proposed issue of securities

Announcement Summary

Entity name

NEW CENTURY RESOURCES LIMITED

Announcement Type

New announcement

Date of this announcement

Friday December 4, 2020

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
n/a	Unquoted options exercisable at $0.25 each and expiring 4	10,000,000
	December 2023
NCZ	ORDINARY FULLY PAID	4,442,425
Proposed +issue date
Friday December 4, 2020

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

1.1 Name of +Entity

NEW CENTURY 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.

1.2	Registered Number Type	Registration Number
ACN	142165080
1.3	ASX issuer code
NCZ

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

Friday December 4, 2020

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

Part 7A - Conditions

7A.1 - Are any of the following approvals required for the placement or other type of issue?

+Security holder approval

Court approval

Lodgement of court order with +ASIC

ACCC approval

FIRB approval

Another approval/condition external to the entity

No

Part 7B - Issue details

Is the proposed 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

Will the proposed issue of this +security include an offer of attaching +securities?

No

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 ASX that the terms of the proposed +securities are appropriate and equitable under listing rule 6.1?

No

ASX +security code

New class-code to be confirmed

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

No

+Security description

Unquoted options exercisable at $0.25 each and expiring 4 December 2023

+Security type

Options

Number of +securities proposed to be issued

10,000,000

Offer price details

Proposed issue of securities

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Proposed issue of securities

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

No

Please describe the consideration being provided for the +securities

Part payment for corporate advisory services

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

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

Yes

Options details
+Security currency	Exercise price	Expiry date
AUD - Australian Dollar	AUD 0.2500	Monday December 4, 2023

Details of the type of +security that will be issued if the option is exercised

NCZ : ORDINARY FULLY PAID

Number of securities that will be issued if the option is exercised

One fully paid ordinary share (ASX: NCZ)

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.

Material terms of the options will be provided by separate announcement on issue of the options

Is the proposed 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

Details of +securities proposed to be issued

Will the proposed issue of this +security include an offer of attaching +securities?

No

ASX +security code and description

NCZ : ORDINARY FULLY PAID

Number of +securities proposed to be issued

3,900,934

Proposed issue of securities

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