ASX RELEASE | ABN: 45 116 153 514 |
26 November 2020 | ASX: TMX |
$147,420 Cash Received from Exercised Options, Appendix
2A and Appendix 3Y
Terrain Minerals Limited (ASX: TMX) (Company) advises that 12,600,000 fully paid ordinary shares (Shares) have been issued upon the exercise of unlisted options exercisable at $0.0117 each on or before 24 November 2020 raising a total of $147,420.
The options were exercised by present and past employees and Directors of the Company (including 10,000,000 options exercised by current Executive Director Justin Virgin).
In addition, the Company advises of the following securities movements:
- Expiry of 10,000,000 unlisted options exercisable at $0.0117 each on or before 24 November 2020; and
-
Issue of 16,000,000 unlisted options exercisable at $0.0214 each on or before 25 November
2025 in respect to resolutions 4, 5 and 6 as resolved at the Company's Annual General
Meeting held on 20 November 2020.
A completed Appendix 2A and Appendix 3Y's are attached to this announcement.
Notice Under Section 708A(5)(e) of the Corporations Act 2001
In respect of the Shares issued, Terrain gives notice under section 708A(5)(e) of the Corporations Act 2001 (Cth) (Act) of the following:
- The Shares were issued without disclosure under Part 6D.2 of the Act;
- As at the date of this notice, the Company has complied with:
- the provisions of Chapter 2M of the Act as they apply to the Company; and
- section 674 of the Act; and
- As at the date of this notice, there is no information to be disclosed which is excluded information (as defined in section 708A(7) of the Act) that is reasonable for investors and their professional advisers to expect to find in a disclosure document.
Melissa Chapman
Company Secretary
| Terrain Minerals Limited | ASX:TMX | ABN 45 116 153 514 |
|Registered Office: S2, 28 Outram Street, West Perth, WA, 6005|
|Mail: PO BOX 79, West Perth, WA, 6872|Ph: +61 8 9381 5558|www.terrainminerals.com.au|
For further information, please contact:
Melissa Chapman
Email: terrain@terrainminerals.com.au
Phone: +61 8 9381 5558
ABOUT TERRAIN MINERALS LIMITED:
Terrain Minerals Limited (ASX: TMX) is a minerals exploration company with a Western Australian based asset portfolio consisting of:
- Wild-viper- WA gold exploration Project 100% owned - Key strategic land holding recently secured know as Wilson Patch (WP). Wild-viper tenement package is strategically located and also surrounds Red5 Ltd - Great Western Project (GW) as well as being adjacent to Saracen's (ASX: SAR) Bundarra gold deposits. As of the date of this announcement Terrain held 3.5 million Red5 shares (ASX: RED) from the GW sale. Terrain is currently following up on the newly identified zones of mineralisation from its August 2020 RC program. Terrain has recently competed at ~2,400 meters air core program following up on recent RC drilling. Samples are currently at the laboratory awaiting processing.
- Smokebush - WA gold exploration Project JV to earn 80% - Terrain has identified multiple drill targets along with several other prospective areas that require additional work. Terrain executed its maiden RC drill program in August 2020, which followed up on historic drilling, that Terrain believes failed to comprehensibly test these targets. Terrain is excited from the results of this successful drill program. A large ground mag and mapping program is due to commence early December 2020 around the Monza prospect and over the greater Smokebush area.
- Project Review - Terrain Minerals is currently searching and has been assessing potential projects: Gold, Copper, Nickle and industrial minerals in Australia. Due to COVID-19 travel restrictions all regions outside of WA as well as foreign jurisdictions are still being considered but are becoming more problematic as due diligence cannot be carried out and staff safety cannot be guaranteed. All economic commodities are being considered as indicated in previous Quarterly reports.
- Due to the COVID-19Situation - Terrain has been concentrating on WA based opportunities, due to the current travel restrictions that are in place. The board will continue to monitor advice from the relevant authorities (WHO and Australian Government) about the virus and the factors effecting the health and safety of all Terrain's stake holders, as well as the current travel restrictions.
Authority:
This announcement has been authorised for release by Justin Virgin, Executive Director of Terrain Minerals Limited.
| Terrain Minerals Limited | ASX:TMX | ABN 45 116 153 514 |
|Registered Office: S2, 28 Outram Street, West Perth, WA, 6005|
|Mail: PO BOX 79, West Perth, WA, 6872|Ph: +61 8 9381 5558|www.terrainminerals.com.au|
This appendix is not available as an online form | |
Please fill in and submit as a PDF announcement | +Rule 2.7 |
Appendix 2A
Application for quotation of +securities
Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.
If you are an entity incorporated outside Australia and you are seeking quotation of a new class of +securities other than CDIs, you will need to obtain and provide an International Securities Identification Number (ISIN) for that class. Further information on the requirement for the notification of an ISIN is available from the Create Online Forms page. ASX is unable to create the new ISIN for non- Australian issuers.
*Denotes minimum information required for first lodgement of this form, with exceptions provided in specific notes for certain questions. The balance of the information, where applicable, must be provided as soon as reasonably practicable by the entity.
Part 1 - Entity and announcement details
Question | Question | Answer | |
no | |||
1.1 | *Name of entity | Terrain Minerals Limited | |
We (the entity here named) apply for | |||
+quotation of the following +securities and | |||
agree to the matters set out in | |||
Appendix 2A of the ASX Listing Rules.1 | |||
1.2 | *Registration type and number | ACN 116 153 514 | |
Please supply your ABN, ARSN, ARBN, ACN or | |||
another registration type and number (if you supply | |||
another registration type, please specify both the type | |||
of registration and the registration number). | |||
1.3 | *ASX issuer code | TMX | |
1.4 | *This announcement is | ☒ A new announcement | |
Tick whichever is applicable. | ☐ An update/amendment to a previous | ||
announcement | |||
☐ A cancellation of a previous | |||
announcement | |||
1.4a | *Reason for update | ||
Mandatory only if "Update" ticked in Q1.4 above. A | |||
reason must be provided for an update. | |||
1.4b | *Date of previous announcement to this | ||
update | |||
Mandatory only if "Update" ticked in Q1.4 above. | |||
1.4c | *Reason for cancellation | ||
Mandatory only if "Cancellation" ticked in Q1.4 above. | |||
1.4d | *Date of previous announcement to this | ||
cancellation | |||
Mandatory only if "Cancellation" ticked in Q1.4 above. | |||
1 Appendix 2A of the Listing Rules includes a warranty that an offer of the securities for sale within 12 months after their issue will not require disclosure under section 707(3) or 1012C(6) of the Corporations Act. If the securities to be quoted have been issued by way of a pro rata offer, to give this warranty, you will generally need to have lodged a cleansing notice with ASX under section 708AA(2)(f) or 1012DAA(2)(f) of the Corporations Act within 24 hours before the securities are offered (see ASIC Regulatory Guide 189 Disclosure relief for rights issues). If in doubt, please consult your legal adviser.
+ See chapter 19 for defined terms | |
31 January 2020 | Page 1 |
This appendix is not available as an online form | Appendix 2A | ||||
Please fill in and submit as a PDF announcement | Application for quotation of +securities | ||||
1.5 | *Date of this announcement | 26 November 2020 | |||
Part 2 - Type of issue | |||||
Question | Question | Answer | |||
No. | |||||
2.1 | *The +securities to be quoted are: | ☐ Being issued as part of a transaction or | |||
Select whichever item is applicable. | transactions previously announced to | ||||
If you wish to apply for quotation of different types of | the market in an Appendix 3B | ||||
issues of securities, please complete a separate | ☐ Being issued under a +dividend or | ||||
Appendix 2A for each type of issue. | |||||
distribution plan | |||||
☒ Being issued as a result of options | |||||
being exercised or other +convertible | |||||
securities being converted | |||||
☐ Unquoted partly paid +securities that | |||||
have been paid up and are now quoted | |||||
fully paid +securities | |||||
☐ +Restricted securities where the escrow | |||||
period has expired or is about to expire | |||||
☐ +Securities previously issued under an | |||||
+employee incentive scheme where the | |||||
restrictions on transfer have ceased or | |||||
are about to cease | |||||
☐ +Securities issued under an +employee | |||||
incentive scheme that are not subject to | |||||
a restriction on transfer or that are to be | |||||
quoted notwithstanding there is a | |||||
restriction on transfer | |||||
☐ Other | |||||
2.2a.1 | *Date of Appendix 3B notifying the market | ||||
of the proposed issue of +securities for | |||||
which quotation is now being sought | |||||
Answer this question if your response to Q2.1 is "Being | |||||
issued as part of a transaction or transactions | |||||
previously announced to the market in an Appendix | |||||
3B" | |||||
2.2a.2 | *Are there any further issues of +securities | ||||
yet to take place to complete the | |||||
transaction(s) referred to in the | |||||
Appendix 3B? | |||||
Answer this question if your response to Q2.1 is "Being | |||||
issued as part of a transaction or transactions | |||||
previously announced to the market in an Appendix | |||||
3B". | |||||
+ See chapter 19 for defined terms | |
31 January 2020 | Page 2 |
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Terrain Minerals Limited published this content on 26 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 November 2020 01:56:00 UTC