Proposed issue of securities
Announcement Summary
orF personal use only
Entity name
PEEL MINING LIMITED
Announcement Type
New announcement
Date of this announcement
23/2/2022
The Proposed issue is:
An offer of securities under a securities purchase plan
A placement or other type of issue
Total number of +securities proposed to be issued for an offer of securities under a securities purchase plan
Maximum Number of | ||
ASX +security code | +Security description | +securities to be issued |
PEX | ORDINARY FULLY PAID | 11,111,111 |
+Record date | ||
22/2/2022 | ||
Offer closing date | ||
16/3/2022 | ||
+Issue date | ||
21/3/2022 |
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 |
New class-code to be | Broker Options | 4,248,106 |
confirmed | ||
PEX | ORDINARY FULLY PAID | 118,188,684 |
Proposed +issue date
3/3/2022
Refer to next page for full details of the announcement
Proposed issue of securities | 1 / 12 |
Proposed issue of securities
Part 1 - Entity and announcement details
For personal use only
1.1 Name of +Entity
PEEL 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 | 42119343734 | |
1.3 | ASX issuer code | |
PEX |
- The announcement is New announcement
- Date of this announcement
23/2/2022
1.6 The Proposed issue is:
An offer of +securities under a +securities purchase plan
A placement or other type of issue
Proposed issue of securities | 2 / 12 |
Proposed issue of securities
Part 4 - Details of proposed offer under securities purchase plan
Part 4A - Conditions
For personal use only
4A.1 Do any external approvals need to be obtained or other conditions satisfied before the offer of +securities under the +securities purchase plan issue can proceed on an unconditional basis?
No
Proposed issue of securities | 3 / 12 |
Proposed issue of securities
Part 4B - Offer details
Class or classes of +securities that will participate in the proposed issue and class or classes of +securities proposed to be issued
only | ASX +security code and description | |||
PEX : ORDINARY FULLY PAID | ||||
Will the proposed issue of this | ||||
+security include an offer of | ||||
attaching +securities? | ||||
use | No | |||
D tails of +securities proposed to be issued | ||||
ASX +security code and description | ||||
PEX : ORDINARY FULLY PAID | ||||
Maximum total number of those +securities that could be issued | ||||
if all offers under the +securities purchase plan are accepted | ||||
personal | 11,111,111 | |||
Will the offer be conditional on applications for a minimum | ||||
number of +securities being received or a minimum amount | ||||
being raised (i.e. a minimum subscription condition)? | ||||
No | ||||
Will the offer be conditional on applications for a maximum | ||||
number of +securities being received or a maximum amount | ||||
being raised (i.e. a maximum subscription condition)? | ||||
No | ||||
Will individual security holders be required to accept the offer for | ||||
a minimum number or value of +securities (i.e. a minimum | ||||
acceptance condition)? | ||||
Yes | ||||
Is the minimum acceptance unit based or dollar based? | ||||
Dollar based ($) | ||||
For | Please enter the minimum acceptance value | |||
$ 2,000 | ||||
Will individual security holders be limited to accepting the offer | ||||
for a maximum number or value of +securities (i.e. a maximum | ||||
acceptance condition)? | ||||
No | ||||
Describe all the applicable parcels available for this offer in number of securities or dollar value | ||||
The offer may allow eligible holders to subscribe for one of the following parcels: $2,000, $5,000, | ||||
$10,000, $15,000, $20,000, $25,000 & $30,000. | ||||
Proposed issue of securities | 4 / 12 |
Proposed issue of securities
Offer price details
Has the offer price been determined? Yes
In what currency will the offer be made?
What is the offer price per +security?
only | AUD - Australian Dollar | AUD 0.18000 | ||
Oversubscription & Scale back details | ||||
Will a scale back be applied if the offer is over-subscribed? | ||||
Yes | ||||
Describe the scale back arrangements | ||||
use | ||||
Applications are subject to scale back at the Company's absolute discretion. The Board reserves the | ||||
right to close the SPP offer early once at least $2.0 million of subscriptions have been received. | ||||
Will these +securities rank equally in all respects from their issue date with the existing issued | ||||
+securities in that class? | ||||
personal | Yes | |||
P rt 4C - Timetable | ||||
4C.1 Date of announcement of +security purchase plan | ||||
23/2/2022 | ||||
4C.2 +Record date | ||||
22/2/2022 | ||||
4C.3 Date on which offer documents will be made available to investors | ||||
3/3/2022 | ||||
4C.4 Offer open date | ||||
For | 3/3/2022 | |||
4C.5 Offer closing date | ||||
16/3/2022 |
4C.7 +Issue date and last day for entity to announce results of +security purchase plan offer
21/3/2022
Proposed issue of securities | 5 / 12 |
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Peel Mining Limited published this content on 22 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 February 2022 22:57:53 UTC.