13th Jan 2011 07:16
13 January 2011
Dear Sirs,
Notice under section 708A(5)(e) of the Corporations Act 2001 (Cth) (the "Act") & APPENDIX 3B
1. Oilex Ltd (the "Company") advises that on 12 January 2011 it allotted and
issued 200,000 Ordinary Shares upon the exercise of 200,000 unlisted 30
cent employee options.
2. In accordance with subsection 708A(6) of the Act, the directors of the
Company advise that:
i. the Company issued the securities without disclosure to investors under
Part 6D.2 of the Act;
ii. this Notice is being given pursuant to subsection 708A(5)(e) of the Act;
iii. as at the date of this Notice, the Company has complied with:
iv.
a. the provisions of Chapter 2M of the Act as they apply to the Company; and
b. section 674 of the Act; and
iv. as at the date of this Notice, the Company is not in possession of any
excluded information as defined in subsections 708A(7) and 708A(8) of the
Act.
The related APPENDIX 3B is attached hereto.
For and on behalf of the Board.
Ben ClubeFinance Director 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.Name of entity OILEX LTD ABN 50 078 652 632
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).
+Class of +securities issued Fully paid Ordinary Shares or to be issued Number of +securities issued 200,000 Ordinary
Shares
or to be issued (if known) or maximum number which may be issued Principal terms of the 200,000 Unlisted Options Exercised at 30 +securities (eg, if options, cents per share 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) Do the +securities rank
Yes
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 Issue price or consideration 30 cents per share Purpose of the issue Issued upon exercise of Unlisted Options (If issued as consideration for the acquisition of assets, clearly identify those assets) Dates of entering 12 January 2011 +securities into uncertificated holdings or despatch of certificates Number +Class Number and +class of all 250,274,885 Ordinary
Shares
+securities quoted on ASX (including the securities in clause 2 if applicable) Number +Class
Number and +class of all 2,500,000 $2.00 Options due 31/03/2011
+securities not quoted on ASX (including the 300,000 $2.25 Options due
31/03/2011
securities in clause 2 if applicable) 350,000 $2.70 Options due 30/04/2011 900,000 $1.75 Options due 30/06/2011 900,000 $2.25 Options due 30/06/2011 2,000,000 $0.30 Options due 30/06/2011 3,900,000 $2.00 Options due 01/07/2011 3,900,000 $2.50 Options due 01/07/2011 500,000 $1.57 Options due 30/09/2011 300,000 $2.75 Options due 31/03/2012 900,000 $2.75 Options due 30/06/2012 3,000,000 $0.30 Options due 15/09/2012 14,787,500 $0.30 Options due 10/11/2012 4,150,000 $0.30 Options due 01/07/2014 6,787,500 $0.37 Options due 10/11/2014 2006 Performance Rights 15,000 Tranche 1 expire 1/07/2011 2007 Performance Rights 120,000 Tranche 1 expire 1/07/2012 120,000 Tranche 2 expire 1/07/2012 120,000 Tranche 3 expire 1/07/2012 2008 Performance Rights 21,000 Tranche 1 expire 1/07/2013 22,000 Tranche 2 expire 1/07/2013 22,000 Tranche 3 expire 1/07/2013 Dividend policy (in the N/A case of a trust, distribution policy) on the increased capital (interests)
Part 2 - Bonus issue or pro rata issue [Item 11 to 33 - Not Applicable]
Part 3 - Quotation of securities
You need only complete this section if you are applying for quotation ofsecurities34 Type of securities (tick one) (a) Securities described in Part 1 (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) [Items 35 to 42 - Not Applicable]
Additional securities forming a new class of securities
Quotation agreement
1. +Quotation of our additional +securities is in ASX's absolute discretion.
ASX may quote the +securities on any conditions it decides.
11. 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. * We warrant that if confirmation is required under section 1017F of the
Corporations Act in relation to the +securities to be quoted, it has been
provided 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.
12. 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.
13. 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.
Sign here: .............................................. Date: 13 January 2011
(Finance Director)
Print name: Ben Clube
vendorRelated Shares:
OEX.L