Proposed issue of securities
Update Summary
For personal use only
Entity name
ALTURA MINING LIMITED
Announcement Type
Update to previous announcement
Date of this announcement
8/12/2021
Reason for update to a previous announcement
Due to the over-subscription of the Rights Issue the Company is considering the scale back of the issue.
Refer to next page for full details of the announcement
Proposed issue of securities | 1 / 6 |
Proposed issue of securities
Part 1 - Entity and announcement details
For personal use only
1.1 Name of +Entity
ALTURA MINING 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 |
ABN | 39093391774 | |
1.3 | ASX issuer code | |
AJM |
1.4 The announcement is
Update/amendment to previous announcement
1.4a Reason for update to a previous announcement
Due to the over-subscription of the Rights Issue the Company is considering the scale back of the issue.
1.4b Date of previous announcement to this update
3/12/2021
1.5 Date of this announcement
8/12/2021
1.6 The Proposed issue is:
A standard +pro rata issue (non-renounceable or renounceable)
1.6a The proposed standard +pro rata issue is: + Non-renounceable
Proposed issue of securities | 2 / 6 |
Proposed issue of securities
Part 3 - Details of proposed entitlement offer issue
only | ||||
Part 3A - Conditions | ||||
3A.1 Do any external approvals need to be obtained or other conditions satisfied before the entitlement offer can | ||||
proceed on an unconditional basis? | ||||
use | No | |||
Part 3B - Offer details | ||||
personal | Class or classes of +securities that will participate in the proposed issue and class or classes of +securities | |||
proposed to be issued | ||||
AJM : ORDINARY FULLY PAID | ||||
ASX +security code and description | ||||
AJM : ORDINARY FULLY PAID | ||||
Is the proposed security a 'New | Will the proposed issue of this | If the entity has quoted company | ||
class' (+securities in a class that is | +security include an offer of | options, do the terms entitle option | ||
not yet quoted or recorded by ASX) | attaching +securities? | holders to participate on exercise? | ||
or an 'Existing class' (additional | No | No | ||
securities in a class that is already | ||||
quoted or recorded by ASX)? | ||||
Existing class | ||||
D | tails of +securities proposed to be issued | |||
For | ASX +security code and description | |||
ISIN Code (if Issuer is a foreign company and +securities are non CDIs) | ||||
ISIN Code for the entitlement or right to participate in a non-renounceable issue (if Issuer is foreign company and +securities are non CDIs)
Offer ratio (ratio to existing holdings at which the proposed +securities will be issued)
Proposed issue of securities | 3 / 6 |
For personal use only
Proposed issue of securities
The quantity of additional +securities | For a given quantity of +securities |
to be issued | held |
2 | 17 |
What will be done with fractional | Maximum number of +securities |
entitlements? | proposed to be issued (subject to |
rounding) | |
Fractions rounded up to the next | 400,095,130 |
whole number | |
Offer price details for retail security holders | |
In what currency will the offer be | What is the offer price per +security |
made? | for the retail offer? |
AUD - Australian Dollar | AUD 0.00500 |
Oversubscription & Scale back details
Will individual +security holders be permitted to apply for more than their entitlement (i.e. to over-subscribe)?
Yes
Describe the limits on over-subscription
Any New Shares not applied for will form the Shortfall Shares. The Company offers to issue to investors the Shortfall Shares at $0.005 per Share. There is no limit to the amount of New Shares an investor may subscribe for. However, the Shortfall Shares will only be issued to the extent that such issue is in compliance with the takeover provisions of the Corporations Act, or as permitted by one of the limited exceptions.
Will a scale back be applied if the offer is over-subscribed?
Yes
Describe the scale back arrangements
The Company will allocate Shortfall Shares according to the following priority, with such allocation being in compliance with the takeover provisions:
- to each existing Shareholder who has applied for Shortfall Shares through the Shortfall Offer; and
- if following the allocation in (i) there remains Shortfall Shares, to those investors who apply for Shortfall Shares following an invitation from the Company.
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 / 6 |
Proposed issue of securities
Part 3C - Timetable
personal use only
3C.1 +Record date
17/11/2021
3C.2 Ex date
16/11/2021
3C.4 Record date
17/11/2021
3C.5 Date on which offer documents will be sent to +security holders entitled to participate in the +pro rata issue
19/11/2021
3C.6 Offer closing date
30/11/2021
3C.7 Last day to extend the offer closing date
25/11/2021
3C.9 Trading in new +securities commences on a deferred settlement basis
1/12/2021
3C.11 +Issue date and last day for entity to announce results of +pro rata issue
9/12/2021
3C.12 Date trading starts on a normal T+2 basis
10/12/2021
3C.13 First settlement date of trades conducted on a +deferred settlement basis and on a normal T+2 basis
14/12/2021
Part 3E - Fees and expenses
For
3E.1 Will there be a lead manager or broker to the proposed offer? No
3E.2 Is the proposed offer to be underwritten? No
Proposed issue of securities | 5 / 6 |
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Altura Mining Limited published this content on 08 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 December 2021 01:01:05 UTC.