Go Back Email this Link to a friend


TAW - Tawana Resources NL - Placement

Release Date: 20/07/2010 10:28:02      Code(s): TAW
TAW - Tawana Resources NL - Placement                                           
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                                                              
("Tawana" or "the Company")                                                     
ASX Release                                                                     
20 July 2010                                                                    
Placement                                                                       
Tawana Resources NL (ASX: TAW) is pleased to announce it has completed the      
placement of 66,000,000 shares at 1 cent per share to raise to raise $660,000 as
announced to ASX on 1 July 2010.                                                
The placement shares were issued within the Company`s 15% capacity pursuant to  
Listing Rule 7.1 to investors qualifying under section 708 of the Corporations  
Act.                                                                            
The new capital raised will be used to fund the Company`s exploration programs, 
for the review of new projects and for general working capital purposes.        
Further Information;                                                            
Warwick Grigor                                                                  
Chairman                                                                        
Tawana Resources NL (ASX: TAW) - Secondary Trading Notice Pursuant To Section   
708A(5)(E) Of The Corporations Act 2001.                                        
The Company gives this notice pursuant to section 708A(5)(e) of the Corporations
Act 2001 (Cth) ("Act").                                                         
The Company has issued ordinary fully paid shares in the capital of the Company 
("Options") as per the Appendix 3B lodged with the ASX today.                   
The Company advises that the Options were issued without disclosure to investors
under Part 6D.2 of the Act.  The Company, as at the date of this notice, has    
complied with:                                                                  
the provisions of Chapter 2M of the Act as they apply to the Company; and       
section 674 of the Act.                                                         
As at the date of this notice there is no information that is excluded          
information for the purposes of sections 708A(7) and (8) of the Act.            
For further information contact:                                                
Winton Willesee                                                                 
Joint Company Secretary                                                         
Sponsor                                                                         
PricewaterhouseCoopers Corporate Finance (Pty) Ltd                              
Rule 2.7, 3.10.3, 3.10.4, 3.10.5                                                
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 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    Shares                                    
  to be issued                                                                  
                                                                                
                                                                                
2  Number of +securities issued or    66,000,000                                
  to be issued (if known) or                                                    
  maximum number which may be                                                   
  issued                                                                        

                                                                                
3  Principal terms of the             Fully Paid Ordinary Shares                
  +securities (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    Yes                                       
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       $0.01 per Share                           
                                                                                
                                                                                
6  Purpose of the issue               The new capital raised will be            
  (If issued as consideration for    used to fund the Company`s                 
  the acquisition of assets,         exploration programs, for the              
  clearly identify those assets)     review of new projects and for             
general working capital purposes.          
                                                                                
                                                                                
7  Dates of entering +securities      20 July 2010                              
into uncertificated holdings or                                               
  despatch of certificates                                                      
                                                                                
                                                                                
Number        +Class                       
8  Number and +class of all           507,416,029   Ordinary Fully Paid         
  +securities quoted on ASX                        Shares                       
  (including the securities in       13,240,053                                 
clause 2 if applicable)                          Options (10c, 1 Apr          
                                                   2011)                        
                             Number        +Class                               
9   Number and +class of all  1,420,000     Options (35c, 30 Nov 2011)          
+securities not quoted                                                       
   on ASX (including the                                                        
   securities in clause 2                                                       
   if applicable)                                                               

                             6,750,000     Options (10c, 17 Jan 2014)           
                                                                                
                             4,000,000     Options (7c, 18 June 2012)           
6,000,000     Options (10c, 17 Jan 2013)           
                                                                                
                             6,750,000     Options (7c, 17 Jan 2013)            
                                                                                
50,000,000    Options (1c, 23 Feb 2013)            
                                                                                
10  Dividend policy (in the   Unchanged                                         
   case 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)           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.                                                               
Sign here:                                                                      
    Date: 20 July 2010                                                          
    (Joint Company Secretary)                                                   
Print name:    Winton Willesee                                                  
Date: 20/07/2010 10:28:01 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
© 2019 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.