Source: http://newsstore.theage.com.au/apps/previewDocument.ac?docID=GCA01371274OKU
Timestamp: 2016-05-31 21:45:19
Document Index: 153626611

Matched Legal Cases: ['art 1', 'art 2', 'art 2', 'art 1', 'art 2', 'art 3', 'art 1', 'art 2']

Placement and Proposed Rights Issue
Announced by: OKU Announced on: 31/12/2012 16:30:17
Suite 9, 36 Ord Street West Perth WA 6005, Australia PO Box 3472, Broadway Nedlands WA 6009, Australia Tel: +61 8 93241802 Fax: +61 8 94852894 ABN: 53 121 582 607 Page 1 of 2
ASX Announcement 31 December 2012 Placement and Proposed Non-Renounceable Rights Issue Oklo Resources Limited is pleased to advise that it has made a placement of 33,500,000 ordinary shares in the Company at a price of $0.006 per share to raise an amount of $201,000 before costs. The shares have been placed to clients of Transocean Securities Pty Ltd and funds raised under the placement will be used for costs associated with the proposed drilling program at the Company's Boutounguissi South Gold project in Mali, which is due to commence in early 2013. This placement falls within the Company's 15% placement capacity pursuant to Listing Rule 7.1 In addition, the Company has engaged Transocean Securities Pty Ltd as underwriter of a non-renounceable rights issue. The non-renounceable rights issue will be on the basis of one new share for every two shares held, at a price of $0.006 per share. For every two shares subscribed under the rights issue, there will be one attaching option at an exercise price of $0.012 with an expiry date of 30 June 2014. It is proposed to seek listing of the options. The issue will be partially underwritten to the extent of $500,000. The proceeds of the rights issue will be to fund working capital requirements of the Company, as well as further exploration and asset acquisition. Full details of the final offer, including the timetable and entitlement date is anticipated to be released to the market in early to mid-January 2013. Fees payable to Transocean Securities Pty Ltd in connection with the placement is 6% of the amount raised and the conditional issue of 4,000,000 unlisted options with and exercise price of $0.012 with an expiry date of 3 years from the date of issue. The fees payable to Transocean Securities Pty Ltd for underwriting the proposed rights issue are 7% of the amount raised, an administration fee of $30,000 and the conditional issue of 7,000,000 unlisted options with an exercise price of $0.012 with an expiry date of 3 years from the date of issue. In addition, there will be the conditional issue of a further 1,000,000 options for every $70,000 raised in excess of the underwritten amount of $500,000. The issue of all options to Transocean Securities Pty Ltd will be subject to approval by shareholders. ASX Announcement 31 December 2012 Page 2 of 2 An Appendix 3B in connection with the placement is enclosed. A further Appendix 3B in connection with the proposed rights issue is also enclosed. An amended Appendix 3B including required dates and further particulars will be lodged at the time of lodging the formal Rights Offer Documentation. Alan Boys Company Secretary Oklo Resources Limited Appendix 3B New issue announcement + See chapter 19 for defined terms. 01/08/2012 Appendix 3B Page 1 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 SX become SX'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 Oklo Resources Limited ABN 53 121 582 607 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).
securities issued or to be issued (if known) or maximum number which may be issued 33,500,000 fully paid ordinary shares 3 Principal terms of the +
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 The fully paid ordinary shares rank equally with existing fully paid ordinary shares from the date of allotment
. 5 Issue price or consideration $0.006 per share 6 Purpose of the issue (If issued as consideration for the acquisition of assets, clearly identify those assets) Placement to be used for exploration and working capital 6a Is the entity an +
securities the subject of this Appendix 3B, and comply with section 6i Yes 6b The date the security holder resolution under rule 7.1A was passed 26 November 2012 6c Number of +
securities issued without security holder approval under rule 7.1 33,500,000 Appendix 3B New issue announcement + See chapter 19 for defined terms. 01/08/2012 Appendix 3B Page 3 6d Number of +
securities issued with security holder approval under rule 7.3, or another specific security holder approval (specify date of meeting) Nil 6f Number of securities issued under an exception in rule 7.2 Nil 6g If securities issued under rule 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. NA 6h If securities were issued under rule 7.1A for non-cash consideration, state date on which valuation of consideration was released to ASX Market Announcements NA 6i Calculate the entity's remainingissue capacity under rule 7.1 and rule 7.1A � complete Annexure 1 and release to ASX Market Announcements 7.1- 33,885,718 7.1A -22,590,478 7 Dates of entering +
securities into uncertificated holdings or despatch of certificates 7 January 2013 Number +
securities quoted on ASX (including the securities in section 2 if applicable) 259,404,788 Ordinary Shares Appendix 3B New issue announcement + See chapter 19 for defined terms. Appendix 3B Page 4 01/08/2012 Number +
securities not quoted on ASX (including the securities in section 2 if applicable) 9,500,000 6,000,000 $0.25 options expiry 30 June 2012 $0.04 options expiry 21/12/2014 10 Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests) N/A Part 2 - Bonus issue or pro rata issue 11 Is security holder approval required? N/A 12 Is the issue renounceable or non-renounceable? N/A 13 Ratio in which the +
securities is in SX's absolute discretion.
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: 31/12/2012 (Company Secretary) Print name: ALAN HAROLD BOYS == == == == == Appendix 3B New issue announcement + See chapter 19 for defined terms. 01/08/2012 Appendix 3B Page 9 Appendix 3B � Annexure 1 Calculation of placement capacity under rule 7.1 and rule 7.1A for +
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 securities on issue 12 months before date of issue or agreement to issue 220,666,967 Add the following: �
It may be useful to set out issues of securities on different dates as separate line items 5,237,821 Subtract the number of fully paid ordinary securities cancelled during that 12 month period O "A"
225,904,788 Appendix 3B New issue announcement + See chapter 19 for defined terms. Appendix 3B Page 10 01/08/2012 Step 2: Calculate 15% of "A"
33,885,718 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 agreed to be issued in that 12 month period not counting those issued: �
0 Step 4: Subtract "C" from ["A" x "B"] to calculate remaining placement capacity under rule 7.1 "A" x 0.15
Note: number must be same as shown in Step 2 33,885,718 Subtract "C"
Note: number must be same as shown in Step 3 0 Total ["A" x 0.15] �
33,885,718 [Note: this is the remaining placement capacity under rule 7.1] Appendix 3B New issue announcement + See chapter 19 for defined terms. 01/08/2012 Appendix 3B Page 11 Part 2 Rule 7.1A �
Note: number must be same as shown in Step 1 of Part 1 225,904,788 Step 2: Calculate 10% of "A"
22,590,478 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: �
Nil Appendix 3B New issue announcement + See chapter 19 for defined terms. Appendix 3B Page 12 01/08/2012 Step 4: Subtract "E" from ["A" x "D"] to c
alculate remaining placement capacity under rule 7.1A "A" x 0.10
Note: number must be same as shown in Step 2 22,590,478 Subtract "E"
22,590,478 Note: this is the remaining placement capacity under rule 7.1A Appendix 3B New issue announcement + See chapter 19 for defined terms. 01/08/2012 Appendix 3B Page 1 Rule 2.7, 3.10.3, 3.10.4, 3.10.5
securities issued or to be issued Fully Paid Ordinary Shares + 1.2 cent options 2 Number of +
securities issued or to be issued (if known) or maximum number which may be issued Up to 129,702,394 fully paid ordinary shares and 64,851,197 free attaching options pursuant to a pro-rata rights issue. 3 Principal terms of the +
convertible securities, the conversion price and dates for conversion) Fully paid ordinary shares $0.012 options expiring 30 June 2014 Appendix 3B New issue announcement + See chapter 19 for defined terms. Appendix 3B Page 2 01/08/2012 4 Do the +
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 Yes 5 Issue price or consideration $0.006 per share 6 Purpose of the issue (If issued as consideration for the acquisition of assets, clearly identify those assets) To be used for exploration and working capital 6a Is the entity an +
securities issued without security holder approval under rule 7.1 NA Pro-rata rights issue Appendix 3B New issue announcement + See chapter 19 for defined terms. 01/08/2012 Appendix 3B Page 3 6d Number of +
securities issued with security holder approval under rule 7.1A NA Pro-rata rights issue 6e Number of +
securities issued with security holder approval under rule 7.3, or another specific security holder approval (specify date of meeting) NA Pro-rata rights issue 6f Number of securities issued under an exception in rule 7.2 NA Pro-rata rights issue 6g If securities issued under rule 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. NA Pro-rata rights issue 6h If securities were issued under rule 7.1A for non-cash consideration, state date on which valuation of consideration was released to ASX Market Announcements NA Pro-rata rights issue 6i Calculate the entity's remainingissue capacity under rule 7.1 and rule 7.1A � complete Annexure 1 and release to ASX Market Announcements NA Pro-rata rights issue 7 Dates of entering +
securities into uncertificated holdings or despatch of certificates TBA Number +
securities quoted on ASX (including the securities in section 2 if applicable) 389,107,182 64,851,197 Ordinary Shares $0.012 options expiry date 30 June 2014 Appendix 3B New issue announcement + See chapter 19 for defined terms. Appendix 3B Page 4 01/08/2012 Number +
securities not quoted on ASX (including the securities in section 2 if applicable) 9,500,000 6,000,000 $0.25 options expiry 30 June 2012 $0.04 options expiry 21/12/2014 10 Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests) N/A Part 2 - Bonus issue or pro rata issue 11 Is security holder approval required? No 12 Is the issue renounceable or non-renounceable? Non-renounceable 13 Ratio in which the +
securities will be offered One new share and one half of an option for every two existing shares 14 +
Record date to determine entitlements TBA 16 Will holdings on different registers (or subregisters) be aggregated for calculating entitlements? N/A 17 Policy for deciding entitlements in relation to fractions TBA 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. TBA 19 Closing date for receipt of acceptances or renunciations TBA Appendix 3B New issue announcement + See chapter 19 for defined terms. 01/08/2012 Appendix 3B Page 5 20 Names of any underwriters Transocean Securities Pty Ltd 21 Amount of any underwriting fee or commission 7% 22 Names of any brokers to the issue N/A 23 Fee or commission payable to the broker to the issue N/A 24 Amount of any handling fee payable to brokers who lodge acceptances or renunciations on behalf of +
date of the meeting N/A 26 Date entitlement and acceptance form and prospectus or Product Disclosure Statement will be sent to persons entitled TBA 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 TBA 28 Date rights trading will begin (if applicable) N/A 29 Date rights trading will end (if applicable) N/A 30 How do +
Despatch date TBA 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
225,904,788 Appendix 3B New issue announcement + See chapter 19 for defined terms. Appendix 3B Page 10 01/08/2012 S
tep 2: Calculate 15% of "A"
It may be useful to set out issues of securities on different dates as separate line items 33,500,000 "C"
33,500,000 St
ep 4: Subtract "C" from ["A" x "B"] to calculate remaining placement capacity under rule 7.1 "A" x 0.15
Note: number must be same as shown in Step 3 33,500,000 Total ["A" x 0.15] �
385,718 [Note: this is the remaining placement capacity under rule 7.1] Appendix 3B New issue announcement + See chapter 19 for defined terms. 01/08/2012 Appendix 3B Page 11 Part 2 Rule 7.1A �
22,590,478 Note: this is the remaining placement capacity under rule 7.1A Suite 9, 36 Ord Street West Perth WA 6005, Australia PO Box 3472, Broadway Nedlands WA 6009, Australia Tel: +61 8 93241802 Fax: +61 8 94852894 ABN: 53 121 582 607 Page 1 of 2
ASX Announcement 31 December 2012 Placement and Proposed Non-Renounceable Rights Issue Oklo Resources Limited is pleased to advise that it has made a placement of 33,500,000 ordinary shares in the Company at a price of $0.006 per share to raise an amount of $201,000 before costs. The shares have been placed to clients of Transocean Securities Pty Ltd and funds raised under the placement will be used for costs associated with the proposed drilling program at the Company's Boutounguissi South Gold project in Mali, which is due to commence in early 2013. This placement falls within the Company's 15% placement capacity pursuant to Listing Rule 7.1 In addition, the Company has engaged Transocean Securities Pty Ltd as underwriter of a non-renounceable rights issue. The non-renounceable rights issue will be on the basis of one new share for every two shares held, at a price of $0.006 per share. For every two shares subscribed under the rights issue, there will be one attaching option at an exercise price of $0.012 with an expiry date of 30 June 2014. It is proposed to seek listing of the options. The issue will be partially underwritten to the extent of $500,000. The proceeds of the rights issue will be to fund working capital requirements of the Company, as well as further exploration and asset acquisition. Full details of the final offer, including the timetable and entitlement date is anticipated to be released to the market in early to mid-January 2013. Fees payable to Transocean Securities Pty Ltd in connection with the placement is 6% of the amount raised and the conditional issue of 4,000,000 unlisted options with and exercise price of $0.012 with an expiry date of 3 years from the date of issue. The fees payable to Transocean Securities Pty Ltd for underwriting the proposed rights issue are 7% of the amount raised, an administration fee of $30,000 and the conditional issue of 7,000,000 unlisted options with an exercise price of $0.012 with an expiry date of 3 years from the date of issue. In addition, there will be the conditional issue of a further 1,000,000 options for every $70,000 raised in excess of the underwritten amount of $500,000. The issue of all options to Transocean Securities Pty Ltd will be subject to approval by shareholders. ASX Announcement 31 December 2012 Page 2 of 2 An Appendix 3B in connection with the placement is enclosed. A further Appendix 3B in connection with the proposed rights issue is also enclosed. An amended Appendix 3B including required dates and further particulars will be lodged at the time of lodging the formal Rights Offer Documentation. Alan Boys Company Secretary Oklo Resources Limited Back to Search Results