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    WAF   AU000000WAF6

WEST AFRICAN RESOURCES LIMITED

(WAF)
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West African Resources : Application for quotation of securities - WAF

11/30/2021 | 04:31pm EST

Application for quotation of +securities

Announcement Summary

For personal use only

Entity name

WEST AFRICAN RESOURCES LIMITED

Announcement Type

New announcement

Date of this announcement

Wednesday December 01, 2021

The +securities to be quoted are:

+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B

Total number of +securities to be quoted

ASX +security

Number of +securities to

code

Security description

be quoted

Issue date

WAF

ORDINARY FULLY PAID

27,121,732

30/11/2021

Refer to next page for full details of the announcement

Application for quotation of +securities

1 / 6

Application for quotation of +securities

Part 1 - Entity and announcement details

For personal use only

1.1 Name of entity

WEST AFRICAN RESOURCES LIMITED

We (the entity named above) apply for +quotation of the following +securities and agree to the matters set out in Appendix 2A of the ASX Listing Rules.

1.2

Registered number type

Registration number

ACN

121539375

1.3

ASX issuer code

WAF

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

1/12/2021

Application for quotation of +securities

2 / 6

Application for quotation of +securities

Part 2 - Type of Issue

2.1 The +securities to be quoted are:

+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B

For personal use only

Previous Appendix 3B details:

Announcement Date and

Announcement Title

Selected Appendix 3B to submit quotation

Time

request

26-Oct-2021 08:27

New - Proposed issue of securities -

A placement or other type of issue

WAF

2.3a.2 Are there any further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B?

Yes

2.3a.3 Please provide details of the further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B

112,000 Tranche 2 Placement Shares to be issued on date to be confirmed.

43,706,308 Shares on any conversion of the Convertible Note, to be issued by 25 October 2022 if converted.

Application for quotation of +securities

3 / 6

Application for quotation of +securities

Part 3A - number and type of +securities to be quoted where issue has previously been notified to ASX in an Appendix 3B

Placement Details

only

ASX +security code and description

WAF : ORDINARY FULLY PAID

Issue date

30/11/2021

use

Distribution Schedule

Provide a distribution schedule for the new +securities according to the categories set out in the left hand column -

including the number of recipients and the total percentage of the new +securities held by the recipients in each

category.

personalFor

Total percentage of +securities held

Number of +securities held

Number of holders

For example, to enter a value of 50%

please input as 50.00

1 - 1,000

%

1,001

- 5,000

%

5,001

- 10,000

%

10,001 - 100,000

%

100,001 and over

%

Application for quotation of +securities

4 / 6

Application for quotation of +securities

Issue details

For personal use only

Number of +securities to be quoted

27,121,732

Are the +securities being issued for a cash consideration?

No

Please describe the consideration being provided for the +securities

Nil

Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the +securities to be quoted

1.35754053

Any other information the entity wishes to provide about the +securities to be quoted

Shares to be quoted are the SPA Closing shares issued as consideration for the Acquisition under the Volta and GAMS-Kiaka SPAs

Application for quotation of +securities

5 / 6

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

West African Resources Limited published this content on 30 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 November 2021 21:30:05 UTC.


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Sales 2021 707 M 505 M 505 M
Net income 2021 226 M 161 M 161 M
Net Debt 2021 8,09 M 5,78 M 5,78 M
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Yield 2021 -
Capitalization 1 301 M 925 M 929 M
EV / Sales 2021 1,85x
EV / Sales 2022 2,27x
Nbr of Employees 375
Free-Float 88,6%
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Technical analysis trends WEST AFRICAN RESOURCES LIMITED
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TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
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Mean consensus BUY
Number of Analysts 2
Last Close Price 1,28 AUD
Average target price 1,75 AUD
Spread / Average Target 37,3%
EPS Revisions
Managers and Directors
Richard Hyde Executive Chairman & Chief Executive Officer
Padraig O'Donoghue Chief Financial Officer & Secretary
Lyndon George Hopkins Chief Operating Officer & Executive Director
Rodney Lloyd Leonard Lead Independent Director
Nigel Spicer Independent Non-Executive Director
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