24th Sep 2010 17:36
The following announcement was released today on the ASX.
Rule 2.7, 3.10.3, 3.10.4, 3.10.5
Appendix 3B
New issue announcement,
application for quotation of additional securities
and agreement
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.
Introduced 1/7/96. Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/2001, 11/3/2002, 1/1/2003, 24/10/2005.
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Name of entity |
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Metminco Limited |
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ABN |
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43 119 759 349 |
We (the entity) give ASX the following information.
Part 1 ‑ All issues
You must complete the relevant sections (attach sheets if there is not enough space).
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1 |
Class of securities issued or to be issued |
Unlisted Options |
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2 |
Number of securities issued or to be issued (if known) or maximum number which may be issued |
4,500,000 |
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Principal terms of the securities (eg, if options, exercise price and expiry date; if partly paid securities, the amount outstanding and due dates for payment; if convertible securities, the conversion price and dates for conversion) |
Each Option entitles BGF Equities to acquire one fully paid ordinary share at an exercise price of A$0.30 cents per share, on or before 31 July 2012 (Sydney time).
On exercise of each Option, BGF Equities will be granted one Second Option exercisable at $A 0.35 cents per share on or before 24 month after date of issue.
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4 |
Do the securities rank equally in all respects from the date of allotment with an existing class of quoted securities?
If the additional securities do not rank equally, please state: ·; the date from which they do ·; the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment ·; the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment |
New class
Upon exercise one fully paid ordinary share will be issued for each option. The fully paid ordinary shares issued will rank equally with existing fully paid ordinary shares.
The Company will seek quotation for fully paid ordinary shares.
No entitlement to dividend until exercised. |
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5 |
Issue price or consideration
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Options issued in lieu of cash payable for corporate advisory services. |
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6 |
Purpose of the issue (If issued as consideration for the acquisition of assets, clearly identify those assets)
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Payment for corporate advisory services |
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7 |
Dates of entering securities into uncertificated holdings or despatch of certificates
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22 September 2010 |
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Number |
Class |
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8 |
Number and class of all securities quoted on ASX (including the securities in clause 2 if applicable)
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835,258,549
27,230,017
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Fully paid ordinary Shares
Options exercisable on or before 4 December 2012 A$0.25 Options |
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Number |
Class |
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9 |
Number and class of all securities not quoted on ASX (including the securities in clause 2 if applicable)
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4,500,000 |
Options exercisable at A$0.30 expiring 31 July2012. |
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10 |
Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests) |
The Company does not anticipate payment of dividends in the near term |
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Part 2 ‑ Bonus issue or pro rata issue
Deleted - Not applicable
Part 3 ‑ Quotation of securities
You need only complete this section if you are applying for quotation of securities
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34 |
Type of securities (tick one)
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(a) |
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Securities described in Part 1 |
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(b) |
All other securities Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities |
Entities that have ticked box 34(a)
Additional securities forming a new class of securities
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Tick to indicate you are providing the information or documents |
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35 |
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If the securities are equity securities, the names of the 20 largest holders of the additional securities, and the number and percentage of additional securities held by those holders |
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Refer Appendix A 'Shareholding Metminco Limited'
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36 |
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If the securities are equity securities, a distribution schedule of the additional securities setting out the number of holders in the categories 1 - 1,000 1,001 - 5,000 5,001 - 10,000 10,001 - 100,000 100,001 and over |
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Refer Appendix A 'Shareholding Metminco Limited' |
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37 |
A copy of any trust deed for the additional securities |
Entities that have ticked box 34(b)
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38 |
Number of securities for which quotation is sought
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39 |
Class of securities for which quotation is sought
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40 |
Do the securities rank equally in all respects from the date of allotment with an existing class of quoted securities?
If the additional securities do not rank equally, please state: ·; the date from which they do ·; the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment ·; the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment |
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41 |
Reason for request for quotation now Example: In the case of restricted securities, end of restriction period
(if issued upon conversion of another security, clearly identify that other security)
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Number |
Class |
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42 |
Number and class of all securities quoted on ASX (including the securities in clause 38)
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Quotation agreement
1 Quotation of our additional securities is in ASX's absolute discretion. ASX may quote the securities on any conditions it decides.
2 We warrant the following to ASX.
·; The issue of the securities to be quoted complies with the law and is not for an illegal purpose.
·; There is no reason why those securities should not be granted quotation.
·; An offer of the securities for sale within 12 months after their issue will not require disclosure under section 707(3) or section 1012C(6) of the Corporations Act.
Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty
·; Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any securities to be quoted and that no-one has any right to return any securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the securities be quoted.
·; If we are a trust, we warrant that no person has the right to return the securities to be quoted under section 1019B of the Corporations Act at the time that we request that the securities be quoted.
3 We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement.
4 We give ASX the information and documents required by this form. If any information or document not available now, will give it to ASX before quotation of the securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete.
Phillip W Killen Date: 24 September 2010
Related Shares:
Metminco