Go Back Email this Link to a friend


Tawana Resources Nl - Appendix 3b - New Issue Announcement

Release Date: 05/01/2017 09:20:00      Code(s): TAW     
Tawana Resources NL
(Incorporated in Australia)
(Registration number ACN 085 166 721)
Share code on the JSE Limited: TAW
ISIN: AU000000TAW7
Share code on the Australian Stock Exchange Limited: TAW
ISIN: AU000000TAW7
(?the Company? or ?Tawana?)




Appendix 3B
New issue announcement,application for quotation of additional securities                                  and agreement

Information 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
TAWANA RESOURCES NL

ABN
69 085 166 721



We (the entity) give ASX the following information.

Part 1 - All issues
You must complete the relevant sections (attach sheets if there is not enough space).

   1         +Class of +securities issued or to             Fully paid ordinary shares
             be issued




   2         Number of +securities issued or                3,171,000
             to be issued (if known) or
             maximum number which may be
             issued
    3    Principal terms of the +securities Fully paid ordinary shares
         (eg, if options, exercise price and
         expiry date; if partly paid
         +securities,       the      amount
         outstanding and due dates for
         payment;        if     +convertible
         securities, the conversion price
         and dates for conversion)
4       Do the +securities rank equally in Yes
        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


5       Issue price or consideration             $0.12 per share




6       Purpose of the issue                     To continue the substantial drilling program at the BallHill Lithium Project and complete the assays 
        (If issued as consideration for the      metallurgy at the Uis Lithium Project in Namibia and for general working capital.
         and acquisition of assets, clearly
         identify those assets)    
                                                 
  6a      Is the entity an +eligible entity that   No
        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


6b      The date the security holder              N/A
        resolution under rule 7.1A was
        passed

6c   Number of +securities issued                 N/A
     without security holder approval
     under rule 7.1


6d   Number of +securities issued with            N/A
     security holder approval under rule
     7.1A


6e   Number of +securities issued with            N/A
     security holder approval under rule
     7.3, or another specific security
     holder approval (specify date of
     meeting)


6f   Number of securities issued under            N/A
     an exception in rule 7.2


6g   If securities issued under rule              N/A
     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.


6h   If securities were issued under rule          N/A
     7.1A for non-cash consideration,
     state date on which valuation of
     consideration was released to ASX
     Market Announcements


6i   Calculate the entity?s remaining             7.1 ? 52,028,825
     issue capacity under rule 7.1 and
     rule 7.1A ? complete Annexure 1              7.1A ? N/A
     and release to ASX Market
     Announcements


7    Dates of entering +securities into           5 January 2017
     uncertificated      holdings    or
     despatch of certificates
                                                   Number                    +Class


8        Number and +class of all                  375,025,502               Ordinary Fully Paid
         +securities   quoted on ASX                                         Shares
         (including the securities in section
         2 if applicable)


                                                    Number       +Class


    9     Number and +class of all +securities      550,000      Class F Incentive Options
          not quoted on ASX (including the
          securities in section 2 if applicable)                          ($0.178, 26 May 2018)

                                                    2,500,000    Class G Placement Options ($0.035, 15
                                                                 June 2018)



                                                                 Class H Incentive Options ($0.06, 30
                                                    3,000,000    June 2019)



                                                                 Class I Incentive Options ($0.06, 30
                                                                 June 2019)
                                                    2,000,000




    10    Dividend policy (in the case of a         Unchanged
          trust, distribution policy) on the
          increased capital (interests)


Part 2 - Bonus issue or pro rata issue

    11    Is security holder approval required?      N/A



    12    Is the issue renounceable or non-          N/A
          renounceable?


    13    Ratio in which the +securities will be     N/A
          offered
14   +Class  of +securities to which the             N/A
     offer relates


15   +Record date to determine                       N/A
     entitlements


16   Will holdings on different registers            N/A
     (or subregisters) be aggregated for
     calculating entitlements?


17   Policy for deciding entitlements in             N/A
     relation to fractions


18   Names of countries in which the                 N/A
     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.

19   Closing date for receipt of                     N/A
    acceptances or renunciations


20   Names of any underwriters                       N/A


21   Amount of any underwriting fee or               N/A
    commission
 
22   Names of any brokers to the issue               N/A


23   Fee or commission payable to the                N/A
     broker to the issue

24   Amount of any handling fee payable              N/A
     to brokers who lodge acceptances or
     renunciations on behalf of +security
     holders
25      If the issue is contingent on +security      N/A
        holders? approval, the date of the
           meeting


26      Date entitlement and acceptance              N/A
        form and prospectus or Product
        Disclosure Statement will be sent to
        persons entitled


27      If the entity has issued options, and      N/A
        the terms entitle option holders to
        participate on exercise, the date on
        which notices will be sent to option
        holders



28      Date rights trading will begin (if         N/A
        applicable)


 29      Date rights trading will end (if          N/A
         applicable)


30      How do +security holders sell their        N/A
        entitlements in full through a
        broker?


31      How do +security holders sell part of      N/A
        their entitlements through a broker
        and accept for the balance?


32      How do +security holders dispose of        N/A
        their entitlements (except by sale
        through a broker)?


33      +Issue date                                N/A




Part 3 - Quotation of securities
You need only complete this section if you are applying for quotation of securities



34      Type of securities
           (tick one)

(a)     X        Securities described in Part 1
(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 percentrage of additional +securities held by those holders                  

36           If the +securities are +equity securities, a distribution schedule of the additioanl +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
             

Entities that have ticked box 34(b)


38     Number of securities for which
       +quotation is sought


39     Class of +securities for which
       quotation is sought

40     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

    41   Reason for request for quotation now
         Example: In the case of restricted securities, end of
         restriction period

         (if issued upon conversion of another
         security, clearly identify that other
         security)




                                                                 Number   +Class


    42   Number and +class of all +securities
         quoted on ASX (including the
         securities in clause 38)




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: 5 January 2017

               (Company secretary)



Print name:    Michael Naylor
                         

 Appendix 3B ? Annexure 1
Calculation of placement capacity under rule 7.1 and rule 7.1A for
+eligible entities
Introduced 01/08/12




Part 1

Rule 7.1 ? Issues exceeding 15% of capital

   Step 1: Calculate ?A?, the base figure from which the placement
   capacity is calculated

   Insert number of fully paid ordinary                                             73,762,751
   securities on issue 12 months before date
   of issue or agreement to issue

   Add the following:                                      34,406,658 (Rights Issue 3 June 2016)
   ?    Number of fully paid ordinary securities           39,356,093 (Rights Issue shortfall 16 June 2016)
        issued in that 12 month period under                                               
        an exception in rule 7.2
                                                           19,620,000 (ratified and approved at
   ?    Number of fully paid ordinary securities           shareholder meeting dated 23 August 2016)
        issued in that 12 month period with
        shareholder approval                              90,380,000 (approved at shareholder
                                                          meeting dated 23 August 2016)
                                                                
   ?    Number of partly paid ordinary
        securities that became fully paid in that         1,000,000 Options (exercise of optionson
        12 month period                                   24 November 2016)
                                                                           
        
                                                     29,628,825 (ratified at shareholder meeting
   Note:                                             dated 23 December 2016)
                                                                       
   ?    Include only ordinary securities here ?       5,000,000 (ratified at shareholder meeting
        other classes of equity securities                       dated 23 December 2016)
        cannot be added
                                                      27,200,175 (approved at shareholder
   ?    Include here (if applicable) the                     meeting dated 23 December 2016)
        securities the subject of the Appendix        50,000,000 (approved at shareholder
        3B to which this form is annexed                     meeting dated 23 December 2016)
   ?    It may be useful to set out issues of         3,171,000 (approved at shareholder meeting
        securities on different dates as                             dated 23 December 2016)
        separate line items

   Subtract the number of fully paid ordinary         -
   securities cancelled during that 12 month
   period

?A?                                                                           373,525,502

Step 2: Calculate 15% of ?A?

?B?                                             0.15
                                                [Note: this value cannot be changed]

Multiply ?A? by 0.15                                                           56,028,825

Step 3: Calculate ?C?, the amount of placement capacity under rule 7.1 that has already been used

Insert number of equity securities issued or    2,500,000 Options (refer appendix 3B on 16
agreed to be issued in that 12 month period                        June 2016)
not counting those issued:
                                                 1,500,000 Shares (refer appendix 3B on 24
?   Under an exception in rule 7.2                                 August 2016)
?   Under rule 7.1A
?   With security holder approval under rule
    7.1 or rule 7.4
Note:

?   This applies to equity securities, unless
    specifically excluded ? not just ordinary
    securities

?   Include here (if applicable ) the
    securities the subject of the Appendix
    3B to which this form is annexed

?   It may be useful to set out issues of
    securities on different dates as separate
    line items

?C?                                                                               4,000,000

Step 4: Subtract ?C? from [?A? x ?B?] to calculate remaining
placement capacity under rule 7.1

?A? x 0.15                                                                        56,028,825
Note: number must be same as shown in
Step 2

Subtract ?C?                                                                       4,000,000
Note: number must be same as shown in
Step 3
 Total [?A? x 0.15] ? ?C?                                                         52,028,825



Part 2

Rule 7.1A ? Additional placement capacity for eligible entities

Step 1: Calculate ?A?, the base figure from which the placement
capacity is calculated

 ?A?                                              Not Applicable
 Note: number must be same as shown in
 Step 1 of Part 1

 Step 2: Calculate 10% of ?A?

 ?D?                                              0.10
                                                  Note: this value cannot be changed

 Multiply ?A? by 0.10

 Step 3: Calculate ?E?, the amount of placement capacity under rule
 7.1A that has already been used

 Insert number of equity securities issued or
 agreed to be issued in that 12 month period
 under rule 7.1A
 Notes:

 ?   This applies to equity securities ? not
     just ordinary securities

 ?   Include here ? if applicable ? the
     securities the subject of the Appendix
     3B to which this form is annexed

 ?   Do not include equity securities issued
     under rule 7.1 (they must be dealt with
     in Part 1), or for which specific security
     holder approval has been obtained

 ?   It may be useful to set out issues of
     securities on different dates as separate
     line items

 ?E?
  Step 4: Subtract ?E? from [?A? x ?D?] to calculate remaining
  placement capacity under rule 7.1A

  ?A? x 0.10
  Note: number must be same as shown in
  Step 2

  Subtract ?E?
  Note: number must be same as shown in
  Step 3

  Total [?A? x 0.10] ? ?E?                   Note: this is the remaining placement
                                             capacity under rule 7.1A



5 January 2017

Sponsor

PricewaterhouseCoopers Corporate Finance (Pty) Ltd

Date: 05/01/2017 09:20:00 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                             . The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.


                                        
Email this JSE Sens Item to a Friend.

Send e-mail to
© 2017 SHARENET (PTY) Ltd, Cape Town, South Africa
Home     Terms & conditions    Privacy Policy
    Security Notice    Contact Details
Market Statistics are calculated by Sharenet and are therefore not the official JSE Market Statistics. The calculation/derivation may include underlying JSE data.