Proposed issue of securities
Announcement Summary
orF personal use only
Entity name
WILUNA MINING CORPORATION LIMITED.
Announcement Type
New announcement
Date of this announcement
24/5/2022
The Proposed issue is:
A standard pro rata issue (including non-renounceable or renounceable)
A placement or other type of issue
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 |
New class-code to be | Options exercisable at $0.60 and expiring 31 December | 211,314,945 |
confirmed | 2024 | |
WMC | ORDINARY FULLY PAID | 211,314,945 |
Ex date | ||
26/5/2022 | ||
+Record date | ||
27/5/2022 | ||
Offer closing date | ||
10/6/2022 | ||
Issue date | ||
17/6/2022 |
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 |
New class-code to be | Options exercisable at $0.60 each and expiring 31 | 10,000,000 |
confirmed | December 2024 | |
Proposed +issue date | ||
17/6/2022 |
Proposed issue of securities | 1 / 13 |
Proposed issue of securities
Refer to next page for full details of the announcement
For personal use only
Proposed issue of securities | 2 / 13 |
Proposed issue of securities
Part 1 - Entity and announcement details
For personal use only
1.1 Name of +Entity
WILUNA MINING CORPORATION 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 |
ABN | 18119887606 | |
1.3 | ASX issuer code | |
WMC |
- The announcement is New announcement
- Date of this announcement
24/5/2022
1.6 The Proposed issue is:
A standard +pro rata issue (non-renounceable or renounceable)
A placement or other type of issue
1.6a The proposed standard +pro rata issue is: + Non-renounceable
Proposed issue of securities | 3 / 13 |
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 | ||||
WMC : 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 | No | ||
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 | ||||
WMC : ORDINARY FULLY PAID | ||||
For | ISIN Code (if Issuer is a foreign company and +securities are non CDIs) | |||
ISIN Code for the entitlement or right to participate in a non-renounceable | ||||
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
1 | 1 |
Proposed issue of securities | 4 / 13 |
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 up to the next | 211,314,945 |
whole number | ||
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 0.40000 | |
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 | ||
Shareholders will be able to subscribe for additional securities in advance of the shortfall offer. No additional or shortfall | ||
shares will be issued if the issue would result in a breach of the Corporations Act or Listing Rules. Refer Prospectus | ||
section 5.3. | ||
Will a scale back be applied if the offer is over-subscribed? | ||
Yes | ||
Describe the scale back arrangements | ||
Scale back arrangements for applications for additional shares will be determined at the discretion of the Company in | ||
consultation with its Lead Manager. The shortfall allocation policy will take into account the number of New Shares applied | ||
for, the resulting composition of the Company's share register, the likelihood that investors will be long term or strategic | ||
shareholders and other factors that the Company and its Lead Manager consider appropriate. Refer prospectus section | ||
5.12. | ||
For | Will these +securities rank equally in all respects from their issue date with | |
the existing issued +securities in that class? | ||
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)?
New class
Proposed issue of securities | 5 / 13 |
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Wiluna Mining Corporation Ltd. published this content on 23 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 May 2022 23:17:08 UTC.