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Exercise of options, cleansing statement and appendix 3B
Tawana Resources NL
(Incorporated in Australia)
(Registration number ACN 085 166 721)
Share code on the JSE Limited: TAW
JSE ISIN: AU0000TAWDA9
Share code on the Australian Securities Exchange Limited: TAW
ASX ISIN: AU000000TAW7
(“the Company” or “Tawana”)
EXERCISE OF OPTIONS, CLEANSING STATEMENT AND APPENDIX 3B
Tawana Resources NL (“Tawana” or the “Company”) advises that it has issued 696,530 fully
paid ordinary shares on the exercise of options as per the attached Appendix 3B.
Tawana has issued these shares without disclosure to investors under section 708A(5) of
the Corporations Act 2001 (Cth) (Corporations Act).
With reference to the shares issued, in accordance with section 708A(6) of the Corporations
Act 2001 (Cth) (Corporations Act), the Company gives notice under paragraph 708A(5)(e)
that:
1. The shares were issued without disclosure to investors under Part 6D.2 of the
Corporations Act;
2. As at the date of this notice:
a. The Company has complied with the provisions of Chapter 2M of the
Corporations Act as it applies to the Company;
b. The Company has complied with section 674 of the Corporations Act;
and
c. There is no excluded information within the meaning of sections 708A(7)
and 708A(8) of the Corporations Act which is required to be disclosed
under section 708A(6)(e) of the Corporations Act.
For further information, please contact:
Claire O’Brien
Company Secretary
Tawana Resources NL
12 January 2018
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 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 Fully Paid Ordinary Shares
to be issued
2 Number of +securities issued 696,530
or 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)
+ See chapter 19 for defined terms.
Appendix 3B Page 2 01/08/2012
4 Do the +securities rank equally
in all respects from the date of Yes
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 250,000 @$0.13 per share
120,000 @$0.18 per share
326,530 @$ 0.30625 per share
6 Purpose of the issue Exercise of Employee Incentive options
(If issued as consideration for and Exercise of Advisor options which were issued
the acquisition of assets, clearly to advisor in relation to offtake agreement.
identify those assets)
6a Is the entity an +eligible entity No
that 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 N/A
with security holder approval
under rule 7.1A
6e Number of +securities issued N/A
with security holder approval
under rule 7.3, or another
specific security holder approval
(specify date of meeting)
6f Number of securities issued N/A
under 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 N/A
rule 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 – 75,038,929
issue capacity under rule 7.1 and 7.1A – N/A
rule 7.1A – complete Annexure 1
and release to ASX Market
Announcements
7 Dates of entering +securities 11 January 2018
into uncertificated holdings or
despatch of certificates
Number +Class
8 Number and +class of all 504,977,471 Ordinary Fully Paid
+securities quoted on ASX Shares
(including the securities in
section 2 if applicable)
Number +Class
9 Number and +class of all 400,000 Class F Incentive Options
+securities not quoted on ASX ($0.178, 26 May 2018)
(including the securities in 2,500,000 Class G Placement Options
section 2 if applicable) ($0.035, 14 June 2018)
3,000,000 Class H Incentive Options
($0.06, 30 June 2019)
1,000,000 Class I Incentive Options
($0.06, 30 June 2019)
1,250,000 Class J Incentive Options
($0.13, 7 January 2020)
1,000,000 Class L Incentive Options
($0.16, 15 March 2020)
500,000 Class M Incentive Options
($0.18, 8 May 2020)
500,000 Class N Incentive Options
($0.23, 27 March 2020)
3,000,000 Class O Corporate Advisor Options
($0.20, 12 April 2020)
3,000,000 Class P Corporate Advisor Options
($0.25, 12 April 2020)
3,000,000 Class Q Corporate Advisor Options
($0.30, 12 April 2020)
500,000 Director Options
($0.20, 15 June 2020)
7,673,470 Advisor Options
($0. 30625, 19 July 2020)
500,000 Class O Incentive Options, ($0.22, and
$0.24, 21 August 2020)
2,000,000 Director Options
($0.20, 20 December 2020)
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 N/A
required?
12 Is the issue renounceable or non- N/A
renounceable?
13 Ratio in which the +securities N/A
will be 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 N/A
registers (or subregisters) be
aggregated for calculating
entitlements?
17 Policy for deciding entitlements N/A
in 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 N/A
or commission
22 Names of any brokers to the N/A
issue
23 Fee or commission payable to the N/A
broker to the issue
24 Amount of any handling fee N/A
payable to brokers who lodge
acceptances or renunciations on
behalf of +security holders
25 If the issue is contingent on N/A
+security 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, N/A
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 N/A
applicable)
29 Date rights trading will end (if N/A
applicable)
30 How do +security holders sell N/A
their entitlements in full through
a broker?
31 How do +security holders sell N/A
part of their entitlements
through a broker and accept for
the balance?
32 How do +security holders dispose N/A
of 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) ? 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.
- 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: 12 January 2018
(Company secretary)
Print name: Claire O’Brien
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 375,025,502
securities on issue 12 months before date
of issue or agreement to issue
Add the following: 7,092,198 Shares (ratified at shareholder
meeting dated 23 May 2017)
• Number of fully paid ordinary securities
issued in that 12 month period under 35,900,000 (ratified at shareholder meeting
dated 6 June 2017)
an exception in rule 7.2
24,100,000 (approved at shareholder meeting
• Number of fully paid ordinary securities dated 6 June 2017)
issued in that 12 month period with
shareholder approval 3,405,000 (exercise of options on 1 November
2017)
• Number of partly paid ordinary
securities that became fully paid in that 1,000,000 (exercise of options on 20 November
12 month period 2017)
Note: 14,285,714 (ratified at shareholder meeting
• Include only ordinary securities here – dated 12 December 2017)
other classes of equity securities
cannot be added 42,857,143 (ratified at shareholder meeting
dated 12 December 2017)
• Include here (if applicable) the
securities the subject of the Appendix
696,530 (exercise of options on 11 January
3B to which this form is annexed 2018)
• It may be useful to set out issues of
securities on different dates as
separate line items
Subtract the number of fully paid ordinary -
securities cancelled during that 12 month
period
“A”
504,362,087
Step 2: Calculate 15% of “A”
“B” 0.15
[Note: this value cannot be changed]
Multiply “A” by 0.15 75,654,313
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
615,384 Fully Paid Ordinary Shares (Issued
agreed to be issued in that 12 month period
06/11/2017)
not counting those issued:
• Under an exception in rule 7.2
• 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” 615,384
Step 4: Subtract “C” from [“A” x “B”] to calculate remaining
placement capacity under rule 7.1
“A” x 0.15 75,654,313
Note: number must be same as shown in
Step 2
Subtract “C” 615,384
Note: number must be same as shown in
Step 3
Total [“A” x 0.15] – “C” 75,038,929
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
Date: 12/01/2018 10:50:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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