Ora Banda Mining : Proposed issue of securities - OBM

Proposed issue of securities

Announcement Summary

For personal use only

Entity name

ORA BANDA MINING LTD

Announcement Type

New announcement

Date of this announcement

22/2/2022

The Proposed issue is:

An accelerated offer

A placement or other type of issue

Total number of +securities proposed to be issued for an accelerated offer

		Maximum Number of
ASX +security code	+Security description	+securities to be issued
OBM	ORDINARY FULLY PAID	299,761,387

Trading resumes on an ex-entitlement basis (ex date)

24/2/2022

+Record date

24/2/2022

Offer closing date for retail +security holders

17/3/2022

Issue date for retail +security holders

24/3/2022

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
OBM	ORDINARY FULLY PAID	165,320,000

Proposed +issue date

4/3/2022

Refer to next page for full details of the announcement

Proposed issue of securities

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Proposed issue of securities

For personal use only

Proposed issue of securities

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Proposed issue of securities

Part 1 - Entity and announcement details

For personal use only

1.1 Name of +Entity

ORA BANDA MINING LTD

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	69100038266
1.3	ASX issuer code
OBM

1. The announcement is New announcement
2. Date of this announcement

22/2/2022

1.6 The Proposed issue is: An accelerated offer

A placement or other type of issue

1.6b The proposed accelerated offer is

Accelerated non-renounceable entitlement offer (commonly known as a JUMBO or ANREO)

Proposed issue of securities

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Proposed issue of securities

Part 3 - Details of proposed entitlement offer issue

only
	Part 3A - Conditions
		3A.1 Do any external approvals need to be obtained or other conditions satisfied before the entitlement offer can
		proceed on an unconditional basis?
		Yes
use	3A.1a Conditions
Approval/Condition	Date for determination	Is the date estimated or	** Approval
		Other (please specify in	23/2/2022		actual?		received/condition met?
			Estimated
		comment section)				No
		Comments
		As set out in the Company's ASX announcement released today on launch of the capital raising, the Company has
personal	received in-principle approval from ASIC in relation to the appointment of Euroz Hartleys Limited as nominee for the
purposes of section 615 of the Corporations Act 2001 (Cth). The Company expects to receive ASIC's final approval
following today's announcements.
	Part 3B - Offer details
		Class or classes of +securities that will participate in the proposed issue and class or classes of +securities
		proposed to be issued
		ASX +security code and description
		OBM : ORDINARY FULLY PAID
For	Is the proposed security a 'New	Will the proposed issue of this	If the entity has quoted company
class' (+securities in a class that is	+security include an offer of	options, do the terms entitle option
not yet quoted or recorded by ASX)	attaching +securities?	holders to participate on exercise?
		or an 'Existing class' (additional	No		No
		securities in a class that is already

quoted or recorded by ASX)? Existing class

Details of +securities proposed to be issued

ASX +security code and description

OBM : ORDINARY FULLY PAID

Proposed issue of securities

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For personal use only

Proposed issue of securities

ISIN Code (if Issuer is a foreign company and +securities are non CDIs)

ISIN Code for the entitlement or right to participate in the offer (if Issuer is foreign company and +securities are non CDIs)

Offer ratio (ratio to existing holdings at which the proposed +securities will be issued)

Has the offer ratio been determined?

Yes
The quantity of additional +securities	For a given quantity of +securities
to be issued	held
4	13
What will be done with fractional	Maximum number of +securities
entitlements?	proposed to be issued (subject to
	rounding)
Fractions rounded down to the nearest	299,761,387
whole number or fractions disregarded

Offer price details for retail security holders

Has the offer price for the retail offer been determined?

Yes

In what currency will the offer be	What is the offer price per +security
made?	for the retail offer?
AUD - Australian Dollar	AUD 0.05000

Offer price details for institutional security holders

Has the offer price for the institutional offer been determined?

Yes

In what currency will the offer be	What is the offer price per +security
made?	for the institutional offer?
	AUD 0.05000
AUD - Australian Dollar

Oversubscription & Scale back details

Will individual +security holders be permitted to apply for more than their entitlement (i.e. to over-subscribe)?

Yes

Describe the limits on over-subscription

Only eligible retail shareholders who subscribe for their entitlement in full may apply for additional new shares under the retail shortfall facility.

OBM will only issue such additional new shares pursuant to an application for additional new shares where the directors

Proposed issue of securities

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