Proposed issue of securities
Announcement Summary
For personal use only
Entity name
COMET RESOURCES LIMITED
Announcement Type
New announcement
Date of this announcement
31/5/2022
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
28/6/2022
Proposed +issue date
15/7/2022
Refer to next page for full details of the announcement
Proposed issue of securities | 1 / 6 |
Proposed issue of securities
Part 1 - Entity and announcement details
For personal use only
1.1 Name of +Entity
COMET RESOURCES LIMITED
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 | Registration Number |
ABN | 88060628202 | |
1.3 | ASX issuer code | |
CRL |
- The announcement is New announcement
- Date of this announcement
31/5/2022
1.6 The Proposed issue is:
A non-+pro rata offer of +securities under a +disclosure document or +PDS
Proposed issue of securities | 2 / 6 |
Proposed issue of securities
Part 5 - Details of proposed non-pro rata offer under a disclosure document or PDS
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 | ||||||
use | 5A.1a Conditions | |||||
Approval/Condition | Date for determination | Is the date estimated or | ** Approval | |||
+Security holder approval | 27/6/2022 | actual? | received/condition met? | |||
Actual | ||||||
No | ||||||
Comments | ||||||
personal | ||||||
P rt 5B - Offer details | ||||||
Is the proposed security a 'New | Will the proposed issue of this | |||||
class' (+securities in a class that is | +security include an offer of | |||||
not yet quoted or recorded by ASX) | attaching +securities? | |||||
or an 'Existing class' (additional | No | |||||
securities in a class that is already | ||||||
quoted or recorded by ASX)? | ||||||
Existing class | ||||||
Details of +securities proposed to be issued | ||||||
For | 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 | 3 / 6 |
Proposed issue of securities
Describe the minimum subscription condition
Min Subscription $2,000 | |||||
Will individual security holders be required to accept the offer for a | |||||
minimum number or value of +securities (i.e. a minimum acceptance | |||||
only | condition)? | ||||
Yes | |||||
Is the minimum acceptance unit based or dollar based? | |||||
Dollar based ($) | |||||
Please enter the minimum acceptance value | |||||
$ 2,000 | |||||
Will individual security holders be limited to accepting the offer for a | |||||
use | maximum number or value of +securities (i.e. a maximum acceptance | ||||
condition)? | |||||
No | |||||
Offer price details | |||||
Has the offer price been determined? | |||||
Yes | |||||
personal | In what currency will the offer be | What is the offer price per +security? | |||
made? | 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 | |||||
For | |||||
Part 5C - Timetable | |||||
5C.1 Lodgement date of +disclosure document or +PDS with ASIC 2/6/2022
Proposed issue of securities | 4 / 6 |
Proposed issue of securities
5C.2 Date when +disclosure document or +PDS and acceptance forms will be made available to investors
10/6/2022
5C.3 Offer open date | ||||
only | 10/6/2022 | |||
5C.4 Closing date for receipt of acceptances | ||||
28/6/2022 | ||||
5C.6 Proposed +issue date | ||||
use | 15/7/2022 | |||
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 | ||||
personal | 27/6/2022 | |||
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? | ||||
Jett Capital Advisors LLC and Petra Capital Pty Limited | ||||
5E.1b What fee, commission or other consideration is payable to them for acting as lead manager/broker? | ||||
For | 6% Offer Fee | |||
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 | 5 / 6 |
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Comet Resources Limited published this content on 30 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 May 2022 23:49:09 UTC.