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TAW - Tawana Resources NL - New issue announcement, application for quotation of

Release Date: 27/09/2007 14:20:12      Code(s): TAW
TAW - Tawana Resources NL - New issue announcement, application for quotation of
                                            additional securities and agreement 
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: TAW   ISIN: AU000000TAW7           
("Tawana" or "the company")                                                     
ABN 69 085 166 721                                                              
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 1/7/96.  Origin: Appendix 5.  Amended 1/7/98, 1/9/99, 1/7/2000,      
30/9/2001, 11/3/2002, 1/1/2003.                                                 
Name of entity                                                                  
TAWANA RESOURCES N.L.                                                           
ABN                                                                             
085 166 721                                                                     
We (the entity) give ASX the following information.                             
Part 1  All issues                                                              
You must complete the relevant sections (attach sheetsif there is not enough    
space).                                                                         
1  +Class of +securities issued    Ordinary Shares                              
  or to be issued                 Options                                       

                                                                                
2  Number  of +securities issued   5,300,000 Ordinary Shares                    
  or to be issued (if known) or   5,300,000 Options                             
maximum number which may be                                                   
  issued                                                                        
                                                                                
                                                                                
3  Principal terms of the          Fully paid ordinary shares.                  
  +securities (eg, if options,    Options exercisable at 15 cents on or         
  exercise price and expiry       before 11/09/2009                             
  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         Yes                                          
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                                                              
                                                                                
5  Issue price or consideration    15 cents                                     
                                                                                
                                                                                
6  Purpose of the issue            The funds used will be primarily used        
(If issued as consideration     to fund bulk sampling of the Riverton         
  for the acquisition of assets,  kimberlite, assessment of the BK19-           
  clearly identify those assets)  BK26 kimberlites at Orapa and trial           
                                  mining of Kareevlei kimberlites.              

                                                                                
                                                                                
                                                                                

                                                                                
7  Dates of entering +securities   21/09/2007                                   
  into uncertificated holdings                                                  
or despatch of certificates                                                   
                                                                                
                                                                                
                                                                                
Number       +Class                           
8  Number and +class of all        92,397,481   Ordinary shares                 
  +securities quoted on ASX                                                     
  (including the securities in    22,344,144   Options exercisable at           
clause 2 if applicable)                      $1.00 each expiring on           
                                               30/04/08                         
                                               Options exercisable at           
                                  5,300,000    $0.15 each expiring on           
11/09/09                         
                                                                                
                                                                                
                                  Number       +Class                           
9   Number and +class of all       2,590,000    Options exercisable at          
   +securities not quoted on ASX               $0.35 each expiring on           
   (including the securities in                30/11/11                         
   clause 2 if applicable)                                                      

                                                                                
                                                                                
                                                                                
10  Dividend policy (in the case   N/a                                          
   of a trust, distribution                                                     
   policy) on the increased                                                     
   capital (interests)                                                          
Part 2   Bonus issue or pro rata issue                                          
11  Is security holder approval                                                 
   required?                                                                    
                                                                                

12  Is the issue renounceable or                                                
   non-renounceable?                                                            
                                                                                
13  Ratio in which the                                                          
   +securities will be offered                                                  
                                                                                
14  +Class of +securities to                                                    
which the offer relates                                                      
                                                                                
15  +Record date to determine                                                   
   entitlements                                                                 

16  Will holdings on different                                                  
   registers (or subregisters)                                                  
   be aggregated for calculating                                                
entitlements?                                                                
                                                                                
17  Policy for deciding                                                         
   entitlements in relation to                                                  
fractions                                                                    
                                                                                
                                                                                
18  Names of countries in which                                                 
the 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                                                 
   acceptances or renunciations                                                 
                                                                                
20  Names of any underwriters                                                   
                                                                                
                                                                                
                                                                                
21  Amount of any underwriting                                                  
   fee or commission                                                            
                                                                                
22  Names of any brokers to the                                                 
issue                                                                        
                                                                                
                                                                                
                                                                                
23  Fee or commission payable to                                                
   the  broker to the issue                                                     
                                                                                
24  Amount of any handling fee                                                  
payable to brokers who lodge                                                 
   acceptances or renunciations                                                 
   on behalf of +security                                                       
   holders                                                                      

25  If the issue is contingent on                                               
   +security holders` approval,                                                 
   the date of the meeting                                                      

26  Date entitlement and                                                        
   acceptance form and                                                          
   prospectus or Product                                                        
Disclosure Statement will be                                                 
   sent to persons entitled                                                     
                                                                                
27  If the entity has issued                                                    
options, and 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 applicable)                                                        

29  Date rights trading will end                                                
   (if applicable)                                                              
                                                                                

                                                                                
30  How do +security holders sell                                               
   their entitlements in full                                                   
through a broker?                                                            
                                                                                
31  How do +security holders sell                                               
   part of their entitlements                                                   
through a broker and accept                                                  
   for the balance?                                                             
                                                                                
32  How do +security holders                                                    
dispose of their entitlements                                                
   (except by sale through a                                                    
   broker)?                                                                     
                                                                                
33  +Despatch date                                                              
                                                                                
                                                                                
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        
       percentage of additional +securities held by those holders               

36      If the +securities are +equity securities, a distribution               
       schedule of the additional +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.                                     
*    We warrant that if confirmation is required under section 1017F of the     
    Corporations Act in relation to the +securities to be quoted, it has been   
    provided 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.                                                                       
Date: 21/09/07                                                                  
Director                                                                        
W.T.MARX                                                                        
27 September 2007                                                               
Sponsor to Tawana                                                               
PricewaterhouseCoopers Corporate Finance (Pty) Limited                          
Date: 27/09/2007 14:20:12 Supplied by www.sharenet.co.za                     
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