Proposed issue of securities
Update Summary
For personal use only
Entity name
LITHIUM AUSTRALIA NL
Announcement Type
Update to previous announcement
Date of this announcement
10/2/2022
Reason for update to a previous announcement
Update maximum number of securities (Exchange Options) to be issued and timetable
Refer to next page for full details of the announcement
Proposed issue of securities | 1 / 7 |
Proposed issue of securities
Part 1 - Entity and announcement details
For personal use only
1.1 Name of +Entity
LITHIUM AUSTRALIA NL
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 | 126129413 | |
1.3 | ASX issuer code | |
LIT |
1.4 The announcement is
Update/amendment to previous announcement
1.4a Reason for update to a previous announcement
Update maximum number of securities (Exchange Options) to be issued and timetable
1.4b Date of previous announcement to this update
5/1/2022
1.5 Date of this announcement
10/2/2022
1.6 The Proposed issue is:
A non-+pro rata offer of +securities under a +disclosure document or +PDS
Proposed issue of securities | 2 / 7 |
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 | 31/1/2022 | actual? | received/condition met? | |||||||
Actual | ||||||||||
Yes | ||||||||||
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)? | ||||||||||
New class | ||||||||||
Details of +securities proposed to be issued | ||||||||||
For | ISIN Code (if Issuer is a foreign company and +securities are non CDIs) | |||||||||
Have you received confirmation from | Will the entity be seeking quotation | |||||||||
ASX that the terms of the proposed | of the 'new' class of +securities on | |||||||||
+securities are appropriate and | ASX? | |||||||||
equitable under listing rule 6.1? | Yes | |||||||||
No | ||||||||||
ASX +security code | +Security description | |||||||||
New class-code to be confirmed | Options exercisable at $0.0499 each and expiring 3 years from issue | |||||||||
+Security type Options
Proposed issue of securities | 3 / 7 |
Proposed issue of securities
For personal use only
The number of +securities to be offered under the +disclosure document or +PDS
64,314,672
Reason for the update of 'The number of +securities to be offered under the +disclosure document or +PDS
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)?
No
Will individual security holders be required to accept the offer for a minimum number or value of +securities (i.e. a minimum acceptance condition)?
No
Will individual security holders be limited to accepting the offer for a maximum number or value of +securities (i.e. a maximum acceptance condition)?
No
Offer price details
Has the offer price been determined?
No
How and when will the offer price be determined?
The offer price is nil. The options are being offered on a 1-for-1 basis as consideration for the cancellation of LITCF partly paid shares.
Will the offer price be determined by way of a bookbuild?
No
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 all the +securities issued in this class rank equally in all respects from their issue date?
Yes
Proposed issue of securities | 4 / 7 |
Proposed issue of securities
Options details | ||
+Security currency | Exercise price | Expiry date |
AUD - Australian Dollar | AUD 0.0499 | 3/3/2025 |
Details of the type of +security that will be issued if the option is exercised
use only
LIT : ORDINARY FULLY PAID
Number of securities that will be issued if the option is exercised
One fully paid ordinary share (ASX: LIT)
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities proposed to be issued or provide the information by separate announcement.
See Notice of Annual General Meeting dated 24 December 2021 at www.lithium-au.com/announcements/
See Notice of General Meeting - Partly Paid Shareholders dated 24 December 2021 at www.lithium-au.com/announceme nts/
Part 5C - Timetable
personal | 5C.1 Lodgement date of +disclosure document or +PDS with ASIC | |||
10/2/2022 | ||||
5C.2 | Date when +disclosure document or +PDS and acceptance forms will | |||
be made available to investors | ||||
11/2/2022 | ||||
5C.3 | Offer open date | |||
11/2/2022 | ||||
5C.4 | Closing date for receipt of acceptances | |||
14/2/2022 | ||||
5C.6 | Proposed +issue date | |||
For | 25/2/2022 | |||
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 31/1/2022
Proposed issue of securities | 5 / 7 |
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Lithium Australia NL published this content on 09 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 February 2022 21:38:57 UTC.