Proposed issue of securities
Announcement Summary
For personal use only
Entity name
GOLDEN MILE RESOURCES LTD
Announcement Type
New announcement
Date of this announcement 21/3/2022
The Proposed issue is:
A placement or other type of issue | ||
Total number of +securities proposed to be issued for a placement or other type of issue | ||
Maximum Number of | ||
ASX +security code | +Security description | +securities to be issued |
G88 | ORDINARY FULLY PAID | 28,571,428 |
G88O | OPTION EXPIRING 23-SEP-2023 | 14,285,714 |
Proposed +issue date
25/3/2022
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
GOLDEN MILE RESOURCES LTD
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 |
ACN | 614538402 | |
1.3 | ASX issuer code | |
G88 |
- The announcement is New announcement
- Date of this announcement
21/3/2022
1.6 The Proposed issue is:
A placement or other type of issue
Proposed issue of securities | 2 / 6 |
Proposed issue of securities
Part 7 - Details of proposed placement or other issue
only | ||||||
Part 7A - Conditions | ||||||
7A.1 Do any external approvals need to be obtained or other conditions satisfied before the placement or other | ||||||
type of issue can proceed on an unconditional basis? | ||||||
Yes | ||||||
use | 7A.1a Conditions | |||||
Approval/Condition | Date for determination | Is the date estimated or | ** Approval | |||
+Security holder approval | 27/5/2022 | actual? | received/condition met? | |||
Estimated | ||||||
Comments | ||||||
Attaching options to be issued following and subject to shareholder approval. | ||||||
personal | ||||||
P rt 7B - Issue 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 | Yes | |||||
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 | |||||
G88 : ORDINARY FULLY PAID | ||||||
Number of +securities proposed to be issued 28,571,428
Offer price details
Are the +securities proposed to be issued being issued for a cash consideration?
Yes
Proposed issue of securities | 3 / 6 |
Proposed issue of securities
In what currency is the cash consideration being paid?
AUD - Australian Dollar
What is the issue price per +security?
AUD 0.05600
only | Will these +securities rank equally in all respects from their issue date with | |
the existing issued +securities in that class? | ||
Yes | ||
Attaching +Security | ||
use | Is the proposed attaching 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)? | ||
Existing class | ||
Attaching +Security - Existing class (additional +securities in a class that is already quoted or recorded by ASX) | ||
personal | Details of attaching +securities proposed to be issued | |
ASX +security code and description | ||
G88O : OPTION EXPIRING 23-SEP-2023 | ||
Number of +securities proposed to be issued | ||
14,285,714 | ||
Offer price details | ||
Are the +securities proposed to be issued being issued for a cash consideration? | ||
No | ||
Please describe the consideration being provided for the +securities | ||
Free options attaching to placement shares. | ||
For | Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities | |
0.012000 | ||
Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class?
Yes
Proposed issue of securities | 4 / 6 |
Proposed issue of securities
Part 7C - Timetable
7C.1 Proposed +issue date 25/3/2022
only | ||
Part 7D - Listing Rule requirements | ||
7D.1 Has the entity obtained, or is it obtaining, +security holder approval for the entire issue under listing rule 7.1? | ||
No | ||
use | 7D.1b Are any of the +securities proposed to be issued without +security holder approval using the entity's 15% | |
placement capacity under listing rule 7.1? | ||
Yes | ||
7D.1b ( i ) How many +securities are proposed to be issued without security holder approval using the entity's 15% | ||
placement capacity under listing rule 7.1? | ||
11,269,596 Shares | ||
personal | 7D.1c Are any of the +securities proposed to be issued without +security holder approval using the entity's | |
additional 10% placement capacity under listing rule 7.1A (if applicable)? | ||
Yes | ||
7D.1c ( i ) How many +securities are proposed to be issued without +security holder approval using the entity's | ||
additional 10% placement capacity under listing rule 7.1A? | ||
17,301,832 Shares | ||
7D.1c ( ii ) Please explain why the entity has chosen to do a placement rather than a +pro rata issue or an offer | ||
under a +security purchase plan in which existing ordinary +security holders would have been eligible to | ||
participate | ||
Timing and cost considerations. | ||
7D.2 Is a party referred to in listing rule 10.11 participating in the proposed issue? | ||
No | ||
7D.3 Will any of the +securities to be issued be +restricted securities for the purposes of the listing rules? | ||
No | ||
7D.4 Will any of the +securities to be issued be subject to +voluntary escrow? | ||
No | ||
Part 7E - Fees and expenses | ||
For | 7E.1 Will there be a lead manager or broker to the proposed issue? |
Yes
7E.1a Who is the lead manager/broker?
Sanlam Private Wealth Pty Ltd
Proposed issue of securities | 5 / 6 |
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Golden Mile Resources Ltd. published this content on 20 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 March 2022 00:07:03 UTC.