Rule 2.7, 3.10.3, 3.10.4, 3.10.5
New issue announcement, application for quotation of additional securities and agreementInformation 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
Protean Energy Limited
ABN
81 119 267 391
We (the entity) give ASX the following information.
Part 1 - All issuesYou must complete the relevant sections (attach sheets if there is not enough space).
Ordinary Shares
1+Class of+securities issued or to be issued
2 | Number of +securities issued or | 1. | 189,000,000 |
to be issued (if known) or | 2. | 4,920,000 | |
maximum number which may be issued | 3. | 2,060,071 |
Fully paid ordinary shares
3Principal terms of the +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)
Yes
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
N/A
Issue price or consideration
Consideration Shares for 50% stake in KORID Energy
Conversion of Class B Performance Rights
Issue of shares pursuant to corporate advisory mandate
Purpose of the issue
(If issued as consideration for the acquisition of assets, clearly identify those assets)
Yes
6aIs the entity an +eligible entity that has obtained security holder approval under rule 7.1A?
If Yes, complete sections 6b - 6hin relation to the +securities the subject of this Appendix 3B, and comply with section 6i
16 November 2016
6b The date the security holder resolution under rule 7.1A was passed
3. 2,060,071
6cNumber of +securities issued without security holder approval under rule 7.1
N/A
6dNumber of +securities issued with security holder approval under rule 7.1A
1. 189,000,000
6eNumber of +securities issued with security holder approval under rule 7.3, or another specific security holder approval (specify date of meeting)
2. 4,920,000
6f Number of securities issued under an exception in rule 7.2
N/A
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.
N/A
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
See Annexure 1
6i Calculate the entity's remaining issue capacity under rule 7.1 and rule 7.1A - complete Annexure 1 and release to ASX Market Announcements
7 March 2017
Number
+Class
1,343,744,882
Ordinary shares
Number
+Class
Dates of entering +securities into uncertificated holdings or despatch of certificates
Number and +class of all
+securities quoted on ASX (including the securities in section 2 if applicable)
Number and +class of all
143,867,062
29/02/2016
Options exercisable
at $0.0375 on or
before 31/12/2018
12,844,290
Options exercisable at $0.0375 on or before 31/12/2018 held in escrow for two years from
+securities not quoted on ASX (including the securities in section 2 if applicable)
5,764,290
Ordinary shares held in escrow for two years from
29/02/2016
4,837,500
4,000,000
9,675,000
8,000,000
14,512,500
12,000,000
Options exercisable at $0.0375 on or before 30/11/2018
Options exercisable at $0.0375 on or before 30/11/2018 held in escrow for two years from 29/02/2016
Options exercisable at $0.05 on or before 30/11/2018
Options exercisable at $0.05 on or before 30/11/2018 held in escrow for two years from 29/02/2016
Options exercisable at $0.0625 on or before 30/11/2018
Options exercisable at $0.0625 on or before 30/11/2018 held in escrow for two years from 29/02/2016
Protean Energy Ltd. published this content on 08 March 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 16 March 2017 08:33:11 UTC.
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