XTC LITHIUM LIMITED Proposed issue of securities
Update Summary
For personal use only
Entity name
XANTIPPE RESOURCES LIMITED
Announcement Type
Update to previous announcement
Date of this announcement
3/3/2022
Reason for update to a previous announcement
Re-pricing of placement issue price
Refer to next page for full details of the announcement
Proposed issue of securities | 1 / 9 |
Proposed issue of securities
Part 1 - Entity and announcement details
For personal use only
1.1 Name of +Entity
XANTIPPE 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 |
ACN | 123102974 | |
1.3 | ASX issuer code | |
XTC |
1.4 The announcement is
Update/amendment to previous announcement
1.4a Reason for update to a previous announcement
Re-pricing of placement issue price
1.4b Date of previous announcement to this update
25/2/2022
1.5 Date of this announcement
3/3/2022
1.6 The Proposed issue is:
A placement or other type of issue
Proposed issue of securities | 2 / 9 |
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 | 14/4/2022 | actual? | received/condition met? | |||
Estimated | ||||||
Comments | ||||||
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 | |||||
XTC : ORDINARY FULLY PAID | ||||||
Number of +securities proposed to be issued 1,902,500,000
Reason for the update of 'Number of +securities proposed to be issued
Re-pricing of placement share price
Offer price details
Are the +securities proposed to be issued being issued for a cash consideration?
Yes
Proposed issue of securities | 3 / 9 |
Proposed issue of securities
In what currency is the cash consideration being paid?
What is the issue price per +security?
AUD - Australian Dollar | AUD 0.00800 |
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)? New class
Attaching +Security - New class (+securities in a class that is not yet quoted or recorded by ASX)
Details of attaching +securities proposed to be issued
ISIN Code (if Issuer is a foreign company and +securities are non CDIs)
Have you received confirmation from ASX that the terms of the proposed +securities are appropriate and equitable under listing rule 6.1?
No
ASX +security code
New class-code to be confirmed
Will the entity be seeking quotation of the 'new' class o +securities on ASX?
Yes
+Security description
Options exercisable at $0.015 expiring two years from the date of issue.
For personal
+Security type
Options
Number of +securities proposed to be issued
951,250,000
Reason for the update of 'Number of +securities proposed to be issued
Re-pricing of placement share price and associated attaching options
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
1-for-2 attaching placement options
Proposed issue of securities | 4 / 9 |
Proposed issue of securities
Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities 0.000001
Will all the +securities issued in this class rank equally in all respects from their issue date?
Yes
only | ||
Options details | ||
+Security currency | ||
use | AUD - Australian Dollar | |
Exercise price | Expiry date | |
AUD 0.0150 | 14/4/2024 | |
Details of the type of +security that will be issued if the option is exercised | ||
XTC : ORDINARY FULLY PAID | ||
personal | Number of securities that will be issued if the option is exercised | |
One fully paid ordinary share in ASX:XTC | ||
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.
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 |
ForDetails of +securities proposed to be issued
ASX +security code and description
XTC : ORDINARY FULLY PAID
Number of +securities proposed to be issued 1,000,000,000
Offer price details
Are the +securities proposed to be issued being issued for a cash consideration?
Proposed issue of securities | 5 / 9 |
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Xantippe Resources Limited published this content on 03 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 March 2022 08:49:06 UTC.
