Level 2, 41 - 43 Ord Street
West Perth WA 6005
Phone+61 8 6458 4200
Emailadmin@desertmetals.com.au
11 December 2020
STATEMENT OF CAPITAL STRUCTURE
The capital structure of the Company following the issue of securities pursuant to the prospectus dated 9 November 2020 (Prospectus) is set out below, as further set out in the Prospectus.
Capitalised terms in this announcement have the same meaning as set out in the Prospectus unless the context otherwise requires.
SHARES
Full Subscription | ||
($5,000,000) | ||
Shares on issue at date of Prospectus | 30,000,000 | |
Shares issued pursuant to the Offer | 25,000,000 | |
TOTAL | 55,000,000 | |
OPTIONS | ||
Options | Number | |
Options on issue at date of Prospectus | 10,650,000 | |
Lead Manager Options | 1,650,000 | |
TOTAL | 12,300,000 | |
C11/878_3
RESTRICTED SECURITIES
The Company confirms that following quotation of the Company's securities on the ASX, the following securities will be subject to restriction pursuant to the ASX Listing Rules for the period outlined below.
Class | Number | Restriction Period |
Shares | 4,810,000 | 12 months from date of issue |
Shares | 15,190,000 | 24 months from date of quotation |
Options | 3,650,000 | 12 months from date of issue |
Options | 7,650,000 | 24 months from date of quotation |
For more information regarding this announcement please contact;
Paul Heatley Company Secretary +61 417772569 paul@halifaxadvisory.com.au
Authorised for release by the board of Desert Metals Limited
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WISR Limited published this content on 16 December 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 December 2020 07:42:02 UTC