ASX: IDA
2nd October 2020
Conversion of Options, Issue of Shares and Options and
Issue of Executive Chair Options
Indiana Resources Limited (ASX: IDA) ('Indiana' or 'the Company') wishes to advise that is has received valid applications to exercise options 996,677 Unlisted Options exercisable at $0.036, expiring on 25 October 2020 and 40,600 Listed Options exercisable at $0.03 (ASX: IDAOA), expiring on 5 August 2021. The Company has issued today Fully Paid Ordinary Shares for the conversion of these options.
The Company has also issued 3,000,000 Unlisted Options, exercisable at $0.03, expiring on 1 October 2023, as approved by Shareholders at the 7 July 2020 General Meeting. A further 450,000 Fully Paid Ordinary Shares and 275,000 Unlisted Options exercisable at $0.08 on 1 October 2023 have also been issued under ASX Listing Rule 7.1 capacity. Corresponding Appendices 2A and 3G and a Notice Under Section 708A relating to today's issues accompany this announcement.
The Company also refers to its announcements dated 7 February 2020 and 10 February 2020 respectively with regards to the Executive Chair Options approved by shareholders at the General Meeting held on 7 July 2020. The Company has today issued and allotted 4,500,000 Type 1 (c) Executive Chair Options as a result of the set milestone being achieved. Type 1(c) Executive Chair Options are unlisted with exercise price of $0, vesting no later than 1 September 2020 and expiring on 7 February 2021. The Company announced Appendix 3G relating to the Executive Chair Options to the market on 10 February 2020.
Ends
This announcement is authorised for release to the market by the Board of Directors of Indiana Resources Limited.
For further information, please contact: | |
Bronwyn Barnes | Aida Tabakovic |
Executive Chair | Company Secretary |
T: +61 (0) 417 093 256 | T: +61 8 9481 0389 |
___________________________________________________________________________________________________________
Indiana Resources Limited | ABN 67 009 129 560 | Spectrum Building, Unit 18, Level 2, 100 - 104 Railway Road, Subiaco WA 6008
| T +61 (08) 6149 6128| E info@indianaresources.com.au | www.indianaresources.com.au
1
This appendix is not available as an online form | |
Please fill in and submit as a PDF announcement | +Rule 2.7 |
Appendix 2A
Application for quotation of +securities
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.
If you are an entity incorporated outside Australia and you are seeking quotation of a new class of +securities other than CDIs, you will need to obtain and provide an International Securities Identification Number (ISIN) for that class. Further information on the requirement for the notification of an ISIN is available from the Create Online Forms page. ASX is unable to create the new ISIN for non- Australian issuers.
*Denotes minimum information required for first lodgement of this form, with exceptions provided in specific notes for certain questions. The balance of the information, where applicable, must be provided as soon as reasonably practicable by the entity.
Part 1 - Entity and announcement details
Question | Question | Answer | |
no | |||
1.1 | *Name of entity | Indiana Resources Limited | |
We (the entity here named) apply for | |||
+quotation of the following +securities and | |||
agree to the matters set out in | |||
Appendix 2A of the ASX Listing Rules.1 | |||
1.2 | *Registration type and number | ACN: 009 129 560 | |
Please supply your ABN, ARSN, ARBN, ACN or | |||
another registration type and number (if you supply | |||
another registration type, please specify both the type | |||
of registration and the registration number). | |||
1.3 | *ASX issuer code | IDA | |
1.4 | *This announcement is | ☒ A new announcement | |
Tick whichever is applicable. | ☐ An update/amendment to a previous | ||
announcement | |||
☐ A cancellation of a previous | |||
announcement | |||
1.4a | *Reason for update | N/A | |
Mandatory only if "Update" ticked in Q1.4 above. A | |||
reason must be provided for an update. | |||
1.4b | *Date of previous announcement to this | N/A | |
update | |||
Mandatory only if "Update" ticked in Q1.4 above. | |||
1.4c | *Reason for cancellation | N/A | |
Mandatory only if "Cancellation" ticked in Q1.4 above. | |||
1.4d | *Date of previous announcement to this | N/A | |
cancellation | |||
Mandatory only if "Cancellation" ticked in Q1.4 above. | |||
1 Appendix 2A of the Listing Rules includes a warranty that an offer of the securities for sale within 12 months after their issue will not require disclosure under section 707(3) or 1012C(6) of the Corporations Act. If the securities to be quoted have been issued by way of a pro rata offer, to give this warranty, you will generally need to have lodged a cleansing notice with ASX under section 708AA(2)(f) or 1012DAA(2)(f) of the Corporations Act within 24 hours before the securities are offered (see ASIC Regulatory Guide 189 Disclosure relief for rights issues). If in doubt, please consult your legal adviser.
+ See chapter 19 for defined terms | |
31 January 2020 | Page 1 |
This appendix is not available as an online form | Appendix 2A | |||||
Please fill in and submit as a PDF announcement | Application for quotation of +securities | |||||
1.5 | *Date of this announcement | 2 October 2020 | ||||
Part 2 - Type of issue | ||||||
Question | Question | Answer | ||||
No. | ||||||
2.1 | *The +securities to be quoted are: | ☐ Being issued as part of a transaction or | ||||
Select whichever item is applicable. | transactions previously announced to | |||||
If you wish to apply for quotation of different types of | the market in an Appendix 3B | |||||
issues of securities, please complete a separate | ☐ Being issued under a +dividend or | |||||
Appendix 2A for each type of issue. | ||||||
distribution plan | ||||||
☒ Being issued as a result of options | ||||||
being exercised or other +convertible | ||||||
securities being converted | ||||||
☐ Unquoted partly paid +securities that | ||||||
have been paid up and are now quoted | ||||||
fully paid +securities | ||||||
☐ +Restricted securities where the escrow | ||||||
period has expired or is about to expire | ||||||
☐ +Securities previously issued under an | ||||||
+employee incentive scheme where the | ||||||
restrictions on transfer have ceased or | ||||||
are about to cease | ||||||
☐ +Securities issued under an +employee | ||||||
incentive scheme that are not subject to | ||||||
a restriction on transfer or that are to be | ||||||
quoted notwithstanding there is a | ||||||
restriction on transfer | ||||||
☒ Other - Facilitator fully paid ordinary | ||||||
shares as part of a facilitation fee in | ||||||
consideration for the services in | ||||||
sourcing South Australian project for the | ||||||
Company and assisting the Company in | ||||||
negotiating the terms. | ||||||
2.2a.1 | *Date of Appendix 3B notifying the market | N/A | ||||
of the proposed issue of +securities for | ||||||
which quotation is now being sought | ||||||
Answer this question if your response to Q2.1 is "Being | ||||||
issued as part of a transaction or transactions | ||||||
previously announced to the market in an Appendix | ||||||
3B" | ||||||
2.2a.2 | *Are there any further issues of +securities | N/A | ||||
yet to take place to complete the | ||||||
transaction(s) referred to in the | ||||||
Appendix 3B? | ||||||
Answer this question if your response to Q2.1 is "Being | ||||||
issued as part of a transaction or transactions | ||||||
previously announced to the market in an Appendix | ||||||
3B". | ||||||
+ See chapter 19 for defined terms | |
31 January 2020 | Page 2 |
This appendix is not available as an online form | Appendix 2A | |||
Please fill in and submit as a PDF announcement | Application for quotation of +securities | |||
2.2a.2.1 | *Please provide details of the further issues | N/A | ||
of +securities yet to take place to complete | ||||
the transaction(s) referred to in the | ||||
Appendix 3B | ||||
Answer this question if your response to Q2.1 is "Being | ||||
issued as part of a transaction or transactions | ||||
previously announced to the market in an Appendix | ||||
3B" and your response to Q2.2a.2 is "Yes". | ||||
Please provide details of the proposed dates and | ||||
number of securities for the further issues. This may | ||||
be the case, for example, if the Appendix 3B related to | ||||
an accelerated pro rata offer with an institutional | ||||
component being quoted on one date and a retail | ||||
component being quoted on a later date. | ||||
2.2b.1 | *Date of Appendix 3A.1 lodged with ASX in | N/A | ||
relation to the underlying +dividend or | ||||
distribution | ||||
Answer this question if your response to Q2.1 is "Being | ||||
issued under a dividend or distribution plan". | ||||
2.2b.2 | *Does the +dividend or distribution plan | N/A | ||
meet the requirement of listing rule 7.2 | ||||
exception 4 that it does not impose a limit | ||||
on participation? | ||||
Answer this question if your response to Q2.1 is "Being | ||||
issued under a dividend or distribution plan". | ||||
Note: Exception 4 only applies where security holders | ||||
are able to elect to receive all of their dividend or | ||||
distribution as securities. For example, Exception 4 | ||||
would not apply in the following circumstances: 1) The | ||||
entity has specified a dollar limit on the level of | ||||
participation e.g. security holders can only participate | ||||
to a maximum value of $x in respect of their | ||||
entitlement, or 2) The entity has specified a maximum | ||||
number of securities that can participate in the plan | ||||
e.g. security holders can only receive securities in lieu | ||||
of dividend payable for x number of securities. | ||||
2.2c.1 | Please state the number and type of | -996,677 Unlisted Options exercisable at | ||
options that were exercised or other | $0.036 on or before 25 October 2022, | |||
+convertible securities that were converted | exercised into IDA Ordinary Fully Paid | |||
(including their ASX security code) | Shares; | |||
Answer this question if your response to Q2.1 is "Being | -40,600 Listed Options exercisable at $0.03 | |||
issued as a result of options being exercised or other | on or before 5 August 2021, exercised into | |||
convertible securities being converted". | ||||
IDA Ordinary Fully Paid Shares; | ||||
2.2c.2 | And the date the options were exercised or | 2 October 2020 | ||
other +convertible securities were | ||||
converted | ||||
Answer this question if your response to Q2.1 is "Being | ||||
issued as a result of options being exercised or other | ||||
convertible securities being converted". | ||||
Note: If this occurred over a range of dates, enter the | ||||
date the last of the options was exercised or | ||||
convertible securities was converted. | ||||
2.2d.1 | Please state the number and type of partly | N/A | ||
paid +securities (including their ASX | ||||
security code) that were fully paid up | ||||
Answer this question if your response to Q2.1 is | ||||
"Unquoted partly paid securities that have been paid | ||||
up and are now quoted fully paid securities". | ||||
+ See chapter 19 for defined terms | |
31 January 2020 | Page 3 |
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Indiana Resources Limited published this content on 14 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 October 2020 04:24:01 UTC