Announcement Summary
Entity name
GALILEE ENERGY LIMITED
Date of this announcement Tuesday April 26, 2022
The +securities the subject of this notification are:Other
Total number of +securities to be issued/transferredASX +securityTotal number of +securities to be
code | Security description | issued/transferred | Issue date |
New class - code | Unlisted Broker Options Ex at $0.512 expiring 31 | 3,323,031 | 26/04/2022 |
to be confirmed | December 2024 |
Refer to next page for full details of the announcementPart 1 - Entity and announcement details
1.1 Name of entity GALILEE ENERGY LIMITED
We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.
1.2 Registered number type ABN
1.3 ASX issuer code GLL
1.4 The announcement isNew announcement
1.5 Date of this announcement 26/4/2022
Registration number 11064957419
Part 2 - Issue details
2.1 The +securities the subject of this notification are:
Other
Please specify
Broker Options Ex at $0.512 expiring 31 December 2024
2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which:does not have an existing ASX security code ("new class")
Part 3C - number and type of +securities the subject of this notification (new class) where issue has not previously been notified to ASX in an Appendix 3B
onlyFor personal use
New +securitiesASX +security code
New class - code to be confirmed
+Security type Options
Date the +securities the subject of this notification were issued 26/4/2022
Will all the +securities issued in this class rank equally in all respects from their issue date?
Yes
Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1?
No
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued.https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02498078-6A1081343?access_token=83ff96335c2d45a094df02a206a39ff4
Options Details
+Security description
ISIN code
+Security currency | Exercise price | Expiry date |
AUD - Australian Dollar | AUD 0.51200000 | 31/12/2024 |
Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option
Other
Description
Unlisted Options issued with exercise price of $05.12 and expiring 31 December 2024
Any other information the entity wishes to provide about the +securities the subject of this notification
Options issued as part of the JLM's role whereby they received subject to shareholder approval (obtained 13 April 2022) as a fee in addition to their 6% of placement funds are to receive, 6,646,062 unlisted options in 2 equal tranches, one with a ex price of $0.448 and one with an ex price of $0.512
Please provide any further information needed to understand the circumstances in which you are notifying the issue of these +securities to ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B
Please refer to the Appendix 3B lodged 24 February 2022 -https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02491295-6A1078641?access_token=83ff96335c2d45a094df02a206a39ff4
Issue details
Number of +securities
3,323,031
Were the +securities issued for a cash consideration?
No
Please describe the consideration being provided for the +securities
Options being issued as part payment of fee to JLM's for their role in the Placement, as announced 24 Feb 2022 and as approved by Shareholders, on the basis of 1 Option for each Placement Share issued
Purpose of the issue
To pay for services rendered
Additional Details
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Attachments
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Disclaimer
Galilee Energy Limited published this content on 26 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 April 2022 02:39:10 UTC.