CITATION RESOURCES LTD ABN 90 118 710 508
Ground Floor, 1 Havelock St West Perth WA 6005 t: +61 8 9488 5220
f: +61 8 9324 2400
www.citation.net.au info@citation.net.au
21 May 2015 ASX Announcement
Consolidation of Capital CompletedThe Company hereby confirms that it has completed its capital consolidation on a 100:1 basis following shareholder approval on 1 May 2015, on the terms and timelines previously reported.
In addition, the Company has issued the options also approved at the 1 May 2015 General Meeting.
An Appendix 3B is attached, and despatch of new holding statements to existing shareholders is underway.
For and on behalf of the Board
Appendix 3B New issue announcement
Appendix 3BRule 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
Name of entity
Citation Resources Ltd
ABN
90 118 710 508
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
Fully Paid Ordinary Shares
Listed Options
Unlisted Options
+ See chapter 19 for defined terms.
01/08/2012 Appendix 3B Page 1
Appendix 3B
New issue announcement
2 Number of +securities issued or to be issued (if known) or maximum number which may be issued
17,296,861 Fully Paid Ordinary Shares post completion of a 100:1 consolidation as approved at the General Meeting
- 1 May 2015
4,824,658 Listed Options ($4.00, 15
December 2015) post completion of a 100:1 consolidation as approved at the General Meeting - 1 May 2015
87,500 Unlisted Options ($1.50, 17 June 2017) post completion of a 100:1 consolidation as approved at the General Meeting - 1 May 2015
670,000 Unlisted Options ($0.50, 31 January
2020) as approved at the General
Meeting - 1 May 2015
330,000 Unlisted Options ($0.40, 31 January
2020) as approved at the General
Meeting - 1 May 2015
330,000 Unlisted Options ($0.50, 31 January
2020) as approved at the General
Meeting - 1 May 2015
3 Principal terms of the
+securities (eg, if options,
exercise price and expiry date; if partly paid +securities, the amount and due dates for payment; if +convertible securities, the conversion price and dates for conversion)
Fully Paid Ordinary Shares
Listed Options ($4.00, 15 December 2015) Unlisted Options ($1.50, 17 June 2017) Unlisted Options ($0.50, 31 January 2020) Unlisted Options ($0.40, 31 January 2020) Unlisted Options ($0.30, 31 January 2020)
+ See chapter 19 for defined terms.
Appendix 3B Page 2 01/08/2012
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
Yes
5 Issue price or consideration Consolidation of existing securities.
Unlisted options as approved at the 1 May
2015 General Meeting issued as per agreement as part of financing package
6 Purpose of the issue
(If issued as consideration for
the acquisition of assets, clearly
identify those assets)
17,296,861 Fully Paid Ordinary Shares post completion of a 100:1 consolidation as approved at the General Meeting
- 1 May 2015
4,824,658 Listed Options post completion of a 100:1 consolidation as approved at the General Meeting - 1 May 2015
87,500 Unlisted Options post completion of a 100:1 consolidation as approved at the General Meeting - 1 May 2015
1,330,000 Unlisted Options as per agreement for financing package - options approved at the General Meeting -
1 May 2015
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
+ See chapter 19 for defined terms.
01/08/2012 Appendix 3B Page 3
6b The date the security holder resolution under rule 7.1A was passed
26 November 2014
6c Number of +securities issued without security holder approval under rule 7.1
Nil
6d Number of +securities issued with security holder approval under rule 7.1A
Nil
6e Number of +securities issued with security holder approval under rule 7.3, or another specific security holder approval (specify date of meeting)
Nil
6f Number of securities issued under an exception in rule 7.2
Not applicable
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.
Not applicable
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
Not applicable
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
Not applicable
7 Dates of entering +securities into uncertificated holdings or despatch of certificates
18 May 2015
+ See chapter 19 for defined terms.
Appendix 3B Page 4 01/08/2012
8 Number and +class of all
+securities quoted on ASX
(including the securities in
section 2 if applicable)
+ See chapter 19 for defined terms.
01/08/2012 Appendix 3B Page 5
9 Number and +class of all
+securities not quoted on ASX
(including the securities in
section 2 if applicable)
10 Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests)
The Company does not have a dividend policy
Part 2 - Bonus issue or pro rata issue
11 Is security holder approval required?
Not applicable
12 Is the issue renounceable or non- renounceable?
Not applicable
13 Ratio in which the +securities will be offered
Not applicable
14 +Class of +securities to which the offer relates
Not applicable
15 +Record date to determine entitlements
Not applicable
16 Will holdings on different registers (or subregisters) be aggregated for calculating entitlements?
Not applicable
17 Policy for deciding entitlements in relation to fractions
Not applicable
+ See chapter 19 for defined terms.
Appendix 3B Page 6 01/08/2012
18 Names of countries in which the entity has +security holders who will not be sent new issue documents
Note: Security holders must be told how their entitlements are to be dealt with.
Cross reference: rule 7.7.
Not applicable
19 Closing date for receipt of acceptances or renunciations
Not applicable
20 Names of any underwriters Not applicable
21 Amount of any underwriting fee or commission
Not applicable
22 Names of any brokers to the issue
Not applicable
23 Fee or commission payable to the broker to the issue
Not applicable
24 Amount of any handling fee payable to brokers who lodge acceptances or renunciations on behalf of +security holders
Not applicable
25 If the issue is contingent on
+security holders' approval, the
date of the meeting
Not applicable
26 Date entitlement and acceptance form and prospectus or Product Disclosure Statement will be sent to persons entitled
Not applicable
27 If the entity has issued options, and the terms entitle option holders to participate on exercise, the date on which notices will be sent to option holders
Not applicable
28 Date rights trading will begin (if applicable)
Not applicable
29 Date rights trading will end (if applicable)
Not applicable
+ See chapter 19 for defined terms.
01/08/2012 Appendix 3B Page 7
30 How do +security holders sell their entitlements in full through a broker?
Not applicable
31 How do +security holders sell part of their entitlements through a broker and accept for the balance?
Not applicable
32 How do +security holders dispose of their entitlements (except by sale through a broker)?
Not applicable
33 +Despatch date Not applicable
You need only complete this section if you are applying for quotation of securities
34 Type of securities
(tick one)
(a) Securities described in Part 1 (Ordinary Shares Only)
(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
Tick to indicate you are providing the information or documents
35 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
36 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
37 A copy of any trust deed for the additional +securities
+ See chapter 19 for defined terms.
Appendix 3B Page 8 01/08/2012
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.
Sign here: ............................................................ Date: 21 May 2015
Company Secretary
Print name: Anthony Eastman
== == == == ==
+ See chapter 19 for defined terms.
01/08/2012 Appendix 3B Page 9
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