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Metminco Limited (MNC)

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Monday 18 June, 2012

Metminco Limited

New issue announcement

RNS Number : 5574F
Metminco Limited
18 June 2012
 



Rule 2.7, 3.10.3, 3.10.4, 3.10.5

Appendix 3B

New issue announcement,

application for quotation of additional securities

and agreement

 

Information 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 1/7/96.  Origin: Appendix 5.  Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/2001, 11/3/2002, 1/1/2003, 24/10/2005.

 

 

Name of entity

Metminco Limited

 

ABN

43 119 759 349

 

We (the entity) give ASX the following information.

 

Part 1 ‑ All issues

You must complete the relevant sections (attach sheets if there is not enough space).

 

1

+Class of +securities issued or to be issued

 

Unlisted Employee Options



 

2

Number  of +securities issued or to be issued (if known) or maximum number which may be issued

 

4,000,000



 

3

Principal 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)

2,000,000 Options exercisable at $0.175 no later than 15 June 2015.

 

2,000,000 Options exercisable at $0.210 no later than 15 June 2015.

 




 

4

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

The options do not rank equally with the existing class of quoted ordinary shares; however, any ordinary shares issued as a consequence of the exercise of the options will rank equally with the existing quoted shares.



,

5

Issue price or consideration

 

Nil consideration






 

6

Purpose of the issue

(If issued as consideration for the acquisition of assets, clearly identify those assets)

 

 

 

 

 

 

Issued in accordance with the employee share option plan




7

Dates of entering +securities into uncertificated holdings or despatch of certificates

 

 

15 June 2012



 



Number

+Class

8

Number and +class of all +securities quoted on ASX (including the securities in clause 2 if applicable)

 

 

 

1,749,541,573

 

27,217,517

 

 

Fully paid ordinary

Shares

 

December 2012 $0.25 Options


 


Number

+Class

9

Number and +class of all +securities not quoted on ASX (including the securities in clause 2 if applicable)

 

 

 

4,500,000

 

 

14,250,000

 

 

14,250,000

 

 

2,000,000

 

 

2,000,000

 

 

2,500,000

 

 

 

2,500,000

 

 

 

2,000,000

 

 

 

2,000,000

 

 

Options exercisable at A$0.30 expiring 31 July 12

 

Options exercisable at A$0.44 expiring no later than 6 Dec 13

 

Options exercisable at A$0.525 expiring no later than 6 Dec 13

 

Options exercisable at A$0.44 expiring 6 Dec 13

 

Options exercisable at A$0.525 expiring 6 Dec 13

 

Options exercisable at $0.215 per Share no later than 5 December 2014

 

Options exercisable at $0.260 per Share no later than 5 December 2014

 

2,000,000 exercisable at $0.175 per Share no later than 15 June 2015

 

2,000,000 exercisable at $0.210 per Share no later than 15 June 2015



 

10

Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests)

The Company does not anticipate payment

of dividends in the near term

 

 

 

 

 

 

Part 2 ‑ Bonus issue or pro rata issue

Deleted - Not applicable

 

Part 3 ‑ Quotation of securities

You need only complete this section if you are applying for quotation of securities

 

34

Type of securities

(tick one)

 

(a)

x

Securities described in Part 1




 

(b)

All other securities

Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities

 

Entities that have ticked box 34(a)

Additional securities forming a new class of securities

 

Tick to indicate you are providing the information or documents



 

35

If the +securities are +equity securities, the names of the 20 largest holders of the additional +securities, and the number and percentage of additional +securities held by those holders

 

 


36

If the +securities are +equity securities, a distribution schedule of the additional +securities setting out the number of holders in the categories

1 - 1,000

1,001 - 5,000

5,001 - 10,000

10,001 - 100,000

100,001 and over

 

 


37

A copy of any trust deed for the additional +securities



 

 

Entities that have ticked box 34(b)

 

38

Number of securities for which +quotation is sought

 

 



 

39

Class of +securities for which quotation is sought

 

 



 

40

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

 



 

41

Reason for request for quotation now

Example: In the case of restricted securities, end of restriction period

 

(if issued upon conversion of another security, clearly identify that other security)

 

 



 



Number

+Class

42

Number and +class of all +securities quoted on ASX (including the securities in clause 38)

 

 

 

 

 

 

 


 

 

Quotation agreement

 

1           +Quotation of our additional +securities is in ASX's absolute discretion.  ASX may quote the +securities on any conditions it decides. 

 

2          We warrant the following to ASX.

 

·           The issue of the +securities to be quoted complies with the law and is not for an illegal purpose.

 

·           There is no reason why those +securities should not be granted +quotation.

 

·           An offer of the +securities for sale within 12 months after their issue will not require disclosure under section 707(3) or section 1012C(6) of the Corporations Act. 

Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty

 

·           Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any +securities to be quoted and that no-one has any right to return any +securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the +securities be quoted.

 

·           If we are a trust, we warrant that no person has the right to return the +securities to be quoted under section 1019B of the Corporations Act at the time that we request that the +securities be quoted.

 

3          We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement.

 

4          We give ASX the information and documents required by this form.  If any information or document not available now, will give it to ASX before +quotation of the +securities begins.  We acknowledge that ASX is relying on the information and documents.  We warrant that they are (will be) true and complete.

 

                            

Sign here:                       Date: 15 June 2012

                             (Company secretary)

 

Print name:         Philip W Killen


This information is provided by RNS
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END
 
 
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