Proposed issue of securitiesAnnouncement Summary
Entity name
For personal use only
COMET RESOURCES LIMITED
Announcement Type
New announcement
Date of this announcement 4/4/2022
The Proposed issue is:
A non pro rata offer of securities under a disclosure document or product disclosure statement (PDS)
Total number of +securities proposed to be issued for a non pro rata offer of securities under a disclosure document or product disclosure statement (PDS)
Maximum Number of
ASX +security code | +Security description | +securities to be issued |
CRL | ORDINARY FULLY PAID | 250000000 |
Closing date for receipt of acceptances 23/5/2022
Proposed +issue date 17/6/2022
Refer to next page for full details of the announcementProposed issue of securities
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Proposed issue of securities
Part 1 - Entity and announcement details
1.1 Name of +Entity
COMET RESOURCES LIMITED
For personal use only
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 ABN
Registration Number 88060628202
1.3 ASX issuer code CRL
1.4 The announcement isNew announcement
1.5 Date of this announcement 4/4/2022
1.6 The Proposed issue is:
A non-+pro rata offer of +securities under a +disclosure document or +PDS
Proposed issue of securities
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Proposed issue of securities
Part 5 - Details of proposed non-pro rata offer under a disclosure document or PDS
For personal use only
Part 5A - Conditions
5A.1 Do any external approvals need to be obtained or other conditions satisfied before the non-pro rata offer of +securities under a +disclosure document or + PDS can proceed on an unconditional basis?
Yes
5A.1a Conditions
Approval/Condition +Security holder approval
Date for determination 27/5/2022
Is the date estimated or actual?
** Approval received/condition met?
Estimated
No
Comments
Part 5B - Offer details
Is the proposed 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)?
Will the proposed issue of this +security include an offer of attaching +securities?
No
Existing class
Details of +securities proposed to be issued
ASX +security code and description
CRL : ORDINARY FULLY PAID
The number of +securities to be offered under the +disclosure document or +PDS
250,000,000
Will the offer be conditional on applications for a minimum number of +securities being received or a minimum amount being raised (i.e. a minimum subscription condition)?
Yes
Proposed issue of securities
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Proposed issue of securities
Describe the minimum subscription condition
250,000,000 FPO Shares at $0.20 per FPO Share
Will individual security holders be required to accept the offer for a minimum number or value of +securities (i.e. a minimum acceptance condition)?
Yes
For personal use only
Is the minimum acceptance unit based or dollar based?
Dollar based ($)
Please enter the minimum acceptance value $ 2,000
Will individual security holders be limited to accepting the offer for a maximum number or value of +securities (i.e. a maximum acceptance condition)?
No
Offer price details
Has the offer price been determined?
Yes
In what currency will the offer be made?
What is the offer price per +security?
AUD 0.20000
AUD - Australian Dollar
Oversubscription & Scale back details
Will the entity be entitled to accept over-subscriptions?
No
Will a scale back be applied if the offer is over-subscribed?
No
Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class?
Yes
Part 5C - Timetable
5C.1 Lodgement date of +disclosure document or +PDS with ASIC 6/5/2022
Proposed issue of securities
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Proposed issue of securities
5C.2 Date when +disclosure document or +PDS and acceptance forms will be made available to investors 16/5/2022
5C.3 Offer open date 16/5/2022
For personal use only
5C.4 Closing date for receipt of acceptances 23/5/2022
5C.6 Proposed +issue date 17/6/2022
Part 5D - Listing Rule requirements
5D.1 Has the entity obtained, or is it obtaining, +security holder approval for the entire issue under listing rule 7.1?
Yes
5D.1a Date of meeting or proposed meeting to approve the issue under listing rule 7.1 19/5/2022
5D.2 Is a party referred to in listing rule 10.11 participating in the proposed issue?
Yes
Part 5E - Fees and expenses
5E.1 Will there be a lead manager or broker to the proposed offer?
Yes
5E.1a Who is the lead manager/broker?
Euroz Hartleys Limited
5E.1b What fee, commission or other consideration is payable to them for acting as lead manager/broker?
A cash fee amount equal to 6% of the amount placed under the Public Offer (being $3,000,000); and 15,000,000 options exercisable at $0.30 per option (on a 1:1 basis) on or before the date which is 48 months from issue (Lead Manager Options).
5E.2 Is the proposed offer to be underwritten?
No
5E.3 Will brokers who lodge acceptances or renunciations on behalf of eligible +security holders be paid a handling fee or commission?
No
Proposed issue of securities
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Comet Resources Limited published this content on 04 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 April 2022 01:03:02 UTC.