Proposed issue of securities
Announcement Summary
For personal use only
Entity name
ARMOUR ENERGY LIMITED
Announcement Type
New announcement
Date of this announcement 4/3/2022
The Proposed issue is:
A placement or other type of issue | ||
Total number of +securities proposed to be issued for a placement or other type of issue | ||
Maximum Number of | ||
ASX +security code | +Security description | +securities to be issued |
AJQOA | OPTION EXPIRING 29-FEB-2024 | 96,666,667 |
AJQ | ORDINARY FULLY PAID | 290,000,000 |
Proposed +issue date
14/4/2022
Refer to next page for full details of the announcement
Proposed issue of securities | 1 / 7 |
Proposed issue of securities
Part 1 - Entity and announcement details
For personal use only
1.1 Name of +Entity
ARMOUR ENERGY LIMITED
We (the entity named above) give ASX the following information about a proposed issue of +securities and, if ASX agrees to +quote any of the +securities (including any rights) on a +deferred settlement basis, we agree to the matters set out in Appendix 3B of the ASX Listing Rules.
If the +securities are being offered under a +disclosure document or +PDS and are intended to be quoted on ASX, we also apply for quotation of all of the +securities that may be issued under the +disclosure document or +PDS on the terms set out in Appendix 2A of the ASX Listing Rules (on the understanding that once the final number of +securities issued under the +disclosure document or +PDS is known, in accordance with Listing Rule 3.10.3C, we will complete and lodge with ASX an Appendix 2A online form notifying ASX of their issue and applying for their quotation).
1.2 | Registered Number Type | Registration Number |
ACN | 141198414 | |
1.3 | ASX issuer code | |
AJQ |
- The announcement is New announcement
- Date of this announcement
4/3/2022
1.6 The Proposed issue is:
A placement or other type of issue
Proposed issue of securities | 2 / 7 |
Proposed issue of securities
Part 7 - Details of proposed placement or other issue
only | ||||||
Part 7A - Conditions | ||||||
7A.1 Do any external approvals need to be obtained or other conditions satisfied before the placement or other | ||||||
type of issue can proceed on an unconditional basis? | ||||||
Yes | ||||||
use | 7A.1a Conditions | |||||
Approval/Condition | Date for determination | Is the date estimated or | ** Approval | |||
+Security holder approval | 4/4/2022 | actual? | received/condition met? | |||
Actual | ||||||
Comments | ||||||
personal | ||||||
P rt 7B - Issue details | ||||||
Is the proposed security a 'New | Will the proposed issue of this | |||||
class' (+securities in a class that is | +security include an offer of | |||||
not yet quoted or recorded by ASX) | attaching +securities? | |||||
or an 'Existing class' (additional | No | |||||
securities in a class that is already | ||||||
quoted or recorded by ASX)? | ||||||
Existing class | ||||||
Details of +securities proposed to be issued | ||||||
For | ASX +security code and description | |||||
AJQ : ORDINARY FULLY PAID | ||||||
Number of +securities proposed to be issued 290,000,000
Offer price details
Are the +securities proposed to be issued being issued for a cash consideration?
No
Proposed issue of securities | 3 / 7 |
Proposed issue of securities
Please describe the consideration being provided for the +securities
The parties receiving the securities agreeing to assume the liability for the Tribeca Facility. The Tribeca Facility is a credit facility agreement entered into by Armour Energy Limited (as guarantor) and its subsidiary, Armour Energy (Surat Basin) Pty Ltd (Armour Surat) (as borrower).
Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities
only | 0.190000 | |||
Will these +securities rank equally in all respects from their issue date with | ||||
the existing issued +securities in that class? | ||||
Yes | ||||
use | Is the proposed security a 'New | Will the proposed issue of this | ||
class' (+securities in a class that is | +security include an offer of | |||
not yet quoted or recorded by ASX) | attaching +securities? | |||
or an 'Existing class' (additional | No | |||
securities in a class that is already | ||||
quoted or recorded by ASX)? | ||||
personal | Existing class | |||
Details of +securities proposed to be issued | ||||
ASX +security code and description | ||||
AJQOA : OPTION EXPIRING 29-FEB-2024 | ||||
Number of +securities proposed to be issued | ||||
48,333,333 | ||||
Offer price details | ||||
Are the +securities proposed to be issued being issued for a cash | ||||
consideration? | ||||
No | ||||
Please describe the consideration being provided for the +securities | ||||
For | ||||
The parties receiving the securities agreeing to assume the liability for the Tribeca Facility. The Tribeca Facility is a credit | ||||
facility agreement entered into by Armour Energy Limited (as guarantor) and its subsidiary, Armour Energy (Surat Basin) | ||||
Pty Ltd (Armour Surat) (as borrower). | ||||
Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities | ||||
0.000100 | ||||
Will these +securities rank equally in all respects from their issue date with | ||||
the existing issued +securities in that class? | ||||
Yes | ||||
Proposed issue of securities | 4 / 7 |
Proposed issue of securities
Is the proposed security a 'New class' (+securities in a class that is not yet quoted or recorded by ASX) or an 'Existing class' (additional securities in a class that is already quoted or recorded by ASX)?
Will the proposed issue of this +security include an offer of attaching +securities?
No
only | Existing class | ||||
Details of +securities proposed to be issued | |||||
ASX +security code and description | |||||
AJQOA : OPTION EXPIRING 29-FEB-2024 | |||||
use | Number of +securities proposed to be issued | ||||
No | |||||
48,333,334 | |||||
Offer price details | |||||
Are the +securities proposed to be issued being issued for a cash | |||||
personal | consideration? | ||||
Please describe the consideration being provided for the +securities | |||||
The Tribeca Options are to be issued as a component of the arrangements to settle the Tribeca Facility and in | |||||
consideration of Tribeca entering into the Amendment Agreement. | |||||
Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities | |||||
0.000100 | |||||
Will these +securities rank equally in all respects from their issue date with | |||||
the existing issued +securities in that class? | |||||
Yes | |||||
Pa t 7C - Timetable | |||||
For | 7C.1 Proposed +issue date | ||||
14/4/2022 |
Part 7D - Listing Rule requirements
7D.1 Has the entity obtained, or is it obtaining, +security holder approval for the entire issue under listing rule 7.1?
Proposed issue of securities | 5 / 7 |
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Armour Energy Limited published this content on 04 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 March 2022 01:25:01 UTC.