ADX ENERGY LTD Rule 2.7, 3.10.3, 3.10.4, 3.10.5
New issue announcement, application for quotation of additional securities and agreementInformation 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 01/07/96 Origin: Appendix 5 Amended 01/07/98, 01/09/99, 01/07/00, 30/09/01, 11/03/02, 01/01/03, 24/10/05, 01/08/12, 04/03/13
Name of entity |
ADX Energy Ltd |
ABN |
50 009 058 646 |
We (the entity) give ASX the following information.
Part 1 - All issuesYou must complete the relevant sections (attach sheets if there is not enough space).
1 | +Class of +securities issued or to be issued | Ordinary Shares Unlisted Options |
2 | Number of +securities issued or to be issued (if known) or maximum number which may be issued | 68,609,493 shares 57,312,121 options |
3 | Principal terms of the +securities (e.g. 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) | Shares - N/A Options - Exercise price 2 cents, expiry 30 November 2017 |
4 | Do the +securities rank equally in all respects from the +issue date with an existing +class of quoted +securities? If the additional +securities do not rank equally, please state:
| Shares - Yes Options - Upon exercise of the Options the shares issued will rank pari passu with existing ordinary fully paid shares. |
5 | Issue price or consideration | Shares - 0.7 cents per share Options - Nil. One (1) free attaching unlisted Option (exercisable at $0.02 each on or before 30 November 2017) will be provided for every two (2) Shares |
6 | Purpose of the issue (If issued as consideration for the acquisition of assets, clearly identify those assets) | Issued pursuant to placement to sophisticated investors as announced on 9 November 2016. The 68,609,493 shares are issued as Tranche 2 of the placement. The 57,312,121 options are for both Tranche 1 and Tranche 2 of the placement. Tranche 1 placement shares were issued 14 November 2016. The funds raised in conjunction with the Company's current cash resources will primarily be used to continue the funding of the Company's appraisal and feasibility work programs on the Nilde Oil Field Development Project offshore Italy, the commencement of feasibility studies on the Company's Dougga gas condensate discovery offshore Tunisia as well as to augment ongoing working capital requirements. |
6a | Is the entity an +eligible entity that has obtained security holder approval under rule 7.1A? If Yes, complete sections 6b - 6h in relation to the +securities the subject of this Appendix 3B, and comply with section 6i | Yes |
6b | The date the security holder resolution under rule 7.1A was passed | 26 May 2016 |
6c | Number of +securities issued without security holder approval under rule 7.1 | - |
6d | Number of +securities issued with security holder approval under rule 7.1A | - |
6e | Number of +securities issued with security holder approval under rule 7.3, or another specific security holder approval (specify date of meeting) | 68,609,493 shares 57,312,121 options Approved by Shareholders on 22/12/2016 |
6f | Number of +securities issued under an exception in rule 7.2 | - |
6g | If +securities issued under rule 7.1A, was issue price at least 75% of 15 day VWAP as calculated under rule 7.1A.3? Include the +issue date and both values. Include the source of the VWAP calculation. | - |
6h | If +securities were issued under rule 7.1A for non-cash consideration, state date on which valuation of consideration was released to ASX Market Announcements | - |
6i | Calculate the entity's remaining issue capacity under rule 7.1 and rule 7.1A - complete Annexure 1 and release to ASX Market Announcements | 7.1 136,266,004 7.1A 91,877,336 Total 228,143,340 shares |
7 | +Issue dates Note: The issue date may be prescribed by ASX (refer to the definition of issue date in rule 19.12). For example, the issue date for a pro rata entitlement issue must comply with the applicable timetable in Appendix 7A. Cross reference: item 33 of Appendix 3B. | 23 December 2016 | |
Number | +Class | ||
8 | Number and +class of all +securities quoted on ASX (including the +securities in section 2 if applicable) | 920,323,359 | Ordinary Fully Paid Shares |
Number | +Class |
5,000,000 57,312,121 | Unlisted options - exercise price 2 cents, expiry 28/4/2017 Unlisted options - exercise price 2 cents, expiry 30/11/2017 |
Number and +class of all
+securities not quoted on ASX (including the +securities in section 2 if applicable)
Not applicable
Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests)
11 | Is security holder approval required? |
12 | Is the issue renounceable or non- renounceable? |
13 | Ratio in which the +securities will be offered |
14 | +Class of +securities to which the offer relates |
15 | +Record date to determine entitlements |
ADX Energy Ltd. published this content on 23 December 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 05 January 2017 06:12:10 UTC.
Original documenthttp://adx-energy.com/documents/20161223-appendix-3b.pdf
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