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TAWANA RESOURCES NL - Notification of Consolidation

Release Date: 12/04/2016 09:27:00      Code(s): TAW       PDF(s):  
Notification of Consolidation

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”)

Notification of Consolidation/Split

Applicable to ASX ONLY

Announcement Summary

Entity name

TAWANA RESOURCES NL

Applicable security for the reorganisation

TAW                                          ORDINARY FULLY PAID

TAWAQ                                        OPTION EXPIRING VARIOUS DATES EX
                                             VARIOUS PRICES

Announcement Type
Update to previous announcement

Date of this announcement
Tuesday, 12 April, 2016

Reason for the update
Shareholders’ approval for the consolidation of share capital was received on 8 April 2016

Refer to below for full details of the announcement

Announcement Details
Part 1 - Entity and announcement details


1.1 *Name of +Entity

TAWANA RESOURCES NL
                                                    Registration Number
1.2 *Registered Number Type
ABN                                                 69085166721

1.3 *ASX issuer code
TAW

1.4 *The announcement is
Update/amendment to previous announcement
1.4a Reason for update to previous announcement
Shareholder approval for the consolidation of share capital was received on 8 April 2016

1.4b *Date of previous announcement(s) to this date
Wednesday March 16, 2016

1.5 *Date of this announcement
Tuesday, 12 April, 2016

1.6 *Securities affected by the reorganisation

TAW                                              ORDINARY FULLY PAID

TAWAQ                                            OPTION EXPIRING VARIOUS DATES EX
                                                 VARIOUS PRICES

Part 2 – Approvals

2.1 *Are any of the below approvals required for the reorganisation before business day 0 of
the timetable?

-     Security holder approval
-     Court approval
-     Lodgement of court order with +ASIC
-     ACCC approval
-     FIRB approval
-     Another approval/condition external to the entity required to be given/met before business
      day 0 of the timetable for the reorganisation.
Yes

2.2 Approvals

Approval/Condition        Date for                  Is the date estimated     **Approval
+Security holder          determination             or actual?                received/condition
approval                  Friday April 8, 2016                                met?
                                                    Actual                    Yes

Comments

Shareholder approval for the consolidation of share capital was received on 8 April 2016

Part 3 - Reorganisation timetable and details

3.1 *+Record date
Thursday April 14, 2016

3.2 Date of +security holder meeting
Friday April 8, 2016

3.3 Last day for trading in the pre-re-organised +securities
Tuesday April 12, 2016

3.4 *Effective date. Trading in the re-organised securities commences on a +deferred
settlement basis. If the +entity's securities are suspended from trading during this period there
will be no +deferred settlement trading however ASX still captures this date.
Wednesday April 13, 2016
3.5 Record date
Thursday April 14, 2016

3.6 First day for +entity to send notices to +security holders of the change in the number of
+securities they hold. First day for +entity to register +securities on a post-reorganised basis
Friday April 15, 2016

3.7 *+Issue date. +Deferred settlement market ends. Last day for +entity to send notices to
+security holder of the change in the number of +securities they hold. Last day for +entity to
register +securities on a post-reorganised basis
Thursday April 21, 2016

3.8 Trading starts on a normal T+2 basis
Friday April 22, 2016

3.9 First settlement of trades conducted on a +deferred settlement basis and on a normal T+2
basis
Wednesday April 27, 2016

Part 4 - Reorganisation type and details
4.1 *The reorganisation is
+Security consolidation

4.1a *Consolidation ratio: the +securities will be consolidated on the basis that every
20

(pre-consolidation) +securities will be consolidated into
1
(post-consolidation) +security (/ies).

4.2 *Scrip fraction rounding
Fractions rounded up to the next whole number

5.1 *+Securities on issue before and after the reorganisation

*ASX +Security Code       *ASX +Security
TAW                       Description
                          ORDINARY FULLY
                          PAID
Quoted/unquoted           Number on issue                   Number on issue        Estimate/Actual
Quoted                    before reorganisation             after reorganisation   Estimated
                          1,475,250,387                     73,762,519
*ASX +Security Code       *ASX +Security
TAWAQ                     Description
                          OPTION EXPIRING
                          VARIOUS DATES EX
                          VARIOUS PRICES
Quoted/unquoted           Number on issue                   Number on issue        Estimate/Actual
Unquoted                  before reorganisation             after reorganisation   Actual
                          22,500,000                        1,125,000
5.2 *Exercise price of options




*ASX +Security Code               *ASX +Security Description
TAWAQ                             OPTION EXPIRING
                                 VARIOUS DATES EX
                                 VARIOUS PRICES
Quoted/unquoted                  Exercise price before       Exercise price after
Unquoted                         reorganisation              reorganisation
                                 AUD 0.00000000              AUD 0.00000000


Part 6 - Further information

6.1 Further information relating to the reorganisation

6.2 Additional information for inclusion in the Announcement Summary

12 April 2016

Sponsor:
PricewaterhouseCoopers Corporate Finance (Pty) Ltd

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