Proposed issue of securities
Update Summary
Entity name
For personal use only
SABRE RESOURCES LIMITED
Announcement Type
Update to previous announcement
Date of this announcement
14/4/2022
Reason for update to a previous announcement
The Company has announced a placement which incorporates the shares and options previously proposed along with additional shares and options using 7.1 and 7.1A capacity and updated details.
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
SABRE RESOURCES LIMITED
For personal use only
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 ABN
Registration Number 68003043570
1.3 ASX issuer code SBR
1.4 The announcement is
Update/amendment to previous announcement
1.4a Reason for update to a previous announcement
The Company has announced a placement which incorporates the shares and options previously proposed along with additional shares and options using 7.1 and 7.1A capacity and updated details.
1.4b Date of previous announcement to this update 21/12/2021
1.5 Date of this announcement 14/4/2022
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
For personal use 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?
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)?
Will the proposed issue of this +security include an offer of attaching +securities?
Yes
Existing class
Details of +securities proposed to be issued
ASX +security code and description
SBR : ORDINARY FULLY PAID
Number of +securities proposed to be issued
754,351,205
Reason for the update of 'Number of +securities proposed to be issued'
The placement was heavily oversubscribed and the Company has chosen to use its capacity under 7.1 and 7.1A.
Offer price details
Are the +securities proposed to be issued being issued for a cash consideration?
Yes
In what currency is the cash | What is the issue price per |
consideration being paid? | +security? |
AUD - Australian Dollar | AUD 0.00650 |
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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Proposed issue of securitiesAttaching +Security
For personal use only
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)?
New class
Attaching +Security - New class (+securities in a class that is not yet quoted or recorded by ASX)
Details of attaching +securities proposed to be issuedISIN Code (if Issuer is a foreign company and +securities are non CDIs)Have you received confirmation from ASX that the terms Will the entity be seeking quotation of the 'new' class ofof the proposed +securities are appropriate and equitable under listing rule 6.1?
Yes
ASX +security code
New class-code to be confirmed
+Security type Options
Number of +securities proposed to be issued 754,351,205
Reason for the update of 'Number of +securities proposed to be issued'
The placement offers one free-attaching option with every share and therefore offers additional options using the Company's 7.1 capacity.
Offer price details
Are the +securities proposed to be issued being issued for a cash consideration?
No
Please describe the consideration being provided for the +securities Free-attaching options to the issue of full paid SBR shares.
Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities 0.000010
Will all the +securities issued in this class rank equally in all respects from their issue date?
Yes
+securities on ASX?
Yes
+Security description
Options to purchase fully paid SBR shares at $0.006 with an expiry date of 30 April 2024.
Proposed issue of securities
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Proposed issue of securities
Options details
+Security currency AUD - Australian Dollar
For personal use only
Exercise price
AUD 0.0060
Expiry date 30/4/2024
Details of the type of +security that will be issued if the option is exercised
SBR : ORDINARY FULLY PAID
Number of securities that will be issued if the option is exercised
One fully paid ordinary share (ASX:SBR)
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.
http://www.sabresources.com/investors.php
Part 7C - Timetable
7C.1 Proposed +issue date
21/4/2022
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
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?
50,869,841 shares, 254,351,205 options and 1,000 cleansing shares.
7D.1c Are any of the +securities proposed to be issued without +security holder approval using the entity's additional 10% placement capacity under listing rule 7.1A (if applicable)?
Yes
7D.1c ( i ) How many +securities are proposed to be issued without +security holder approval using the entity's additional 10% placement capacity under listing rule 7.1A?
203,481,364 shares.
Proposed issue of securities
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Sabre Resources Limited published this content on 14 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 April 2022 00:24:09 UTC.