Issue Of Unlisted Options To CEO & Appendix 3B
ABN: 48 119 978 013ASX Announcement (ASX: TSC)20 November 2018Issue of Unlisted Options to CEO & Appendix 3BThe Board of Twenty Seven Co. Limited (ASX: TSC) (“Twenty Seven Co.” or “the Company”)advises that today it has issued a total of 7,500,000 unlisted options (Options) to its ChiefExecutive Officer (CEO), Ian Warland, under the Company’s Option Incentive Plan.Attached is an Appendix 3B, for the issue of Options to Ian.For further information please contact:Damien ConnorCompany SecretaryTwenty Seven Co. LimitedTel: (08) 8274 com.auAbout Twenty Seven Co. LimitedTwenty Seven Co. (ASX: TSC) is an ASX-listed cobalt focused explorer. In brief, TSC’s Australian assets are 100% ownedand comprise four tenure groupings detailed briefly as follows:NSW assets: TSC’s two NSW projects – Midas and Perseus are targeting the prospective Thackaringa Group Rocks whichhosts Cobalt Blue’s (ASX: COB) Thackaringa Project containing around 61kt of cobalt (COB: ASX Release dated 19 March2018). TSC’s Midas Project is located 40km NE of Broken Hill adjacent to Silver City Minerals (ASX: SCI) YalcowinnaTenement. The Perseus Project is located 20km west of Broken Hill, and is north of Alloy Resources (ASX: AYR) OpharaProject and to the east is the adjacent Havilah Resources (HAV.ASX) Kalkaroo Project. Previous explorers rarely assayed forcobalt.NT assets: TSC’s has three prospective tenements in NT. The Pungalina tenement was granted in August 2018, the PearTree and Calvert Projects were granted in November 2018. Both the Pungalina and Pear Tree Projects are adjacent toNorthern Cobalt’s tenements that host the Stanton Cobalt Deposit (ASX: N27). The region remains under explored due toCenozoic Cover.SA assets: TSC’s Kalanbi project is located near Ceduna in South Australia and covers part of the Ceduna Intrusive MaficComplex located in the prospective Western Gawler Craton. Historic exploration in the area has identified several maficintrusives including the Kalanbi Prospect, where aircore drilling by Pasminco Exploration intersected up to 3400ppm Co at 24to 26m and 2600ppm Ni in gabbroic rocks (ASX: TSC Release 28 August 2018). TSC acquired Kalanbi to explore primarilyfor magmatic Ni-Cu sulphides, which often contain Co.WA assets: TSC’s Rover project is located TSC’s 140km west of Leonora in Cobalt, Nickel and Copper mineral richarea associated with mafic and ultramafic rocks. Historically the area is underexplored for cobalt and is currentlyundergoing resurgence in exploration.
Appendix 3BNew issue announcementAppendix 3BRule 2.7, 3.10.3, 3.10.4, 3.10.5New issue announcement,application for quotation of additional securitiesand agreementInformation or documents not available now must be given to ASX as soon as available. Information anddocuments 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, 04/03/13Name of entityTwenty Seven Co. LimitedABN48 119 978 013We (the entity) give ASX the following information.Part 1 - All issuesYou must complete the relevant sections (attach sheets if there is not enough space).1 Classof securities issued or to(a) a) to c) Unlisted Options to acquire fully paidbe issuedordinary shares2Number of securities issued or to(b) a) 2,500,000be issued (if known) or maximum(c) b) 2,500,000number which may be issued(d) c) 2,500,000(e)3Principal terms of the securities(f)(e.g. if options, exercise price andexpiry date; if partly paid securities, the amount outstandingand due dates for payment; if(g) convertiblesecurities,theconversion price and dates forconversion)a) unlisted options to acquire fully paidordinary shares, exercisable at 0.01 each. Theunlisted options expire on 31 December 2023.b) unlisted options to acquire fully paidordinary shares, exercisable at 0.015 each.The unlisted options expire on 31 December2023.(h) c) unlisted options to acquire fully paidordinary shares, exercisable at 0.02 each. Theunlisted options expire on 31 December 2023. See chapter 19 for defined terms.04/03/2013Appendix 3B Page 1
Appendix 3BNew issue announcement4Do the securities rank equally inall respects from the issue datewith an existing class of quoted securities?a) to c) Shares issued on exercise of unlistedoptions, will rank equally with other fully paidordinary shares in the Company.If the additional securities do notrank equally, please state: the date from which they do the extent to which theyparticipate for the nextdividend, (in the case of a trust,distribution)orinterestpayment the extent to which they do notrank equally, other than inrelation to the next dividend,distribution or interest payment5Issue price or considerationa) to c) Nil.6Purpose of the issue(If issued as consideration for theacquisition of assets, clearlyidentify those assets)a) to c) Unlisted options issued pursuant to theCompany’s Incentive Option Plan adopted by theBoard on 19 November 2018.6aIs the entity an eligible entity thathas obtained security holderapproval under rule 7.1A?YesIf Yes, complete sections 6b – 6hin relation to the securities thesubject of this Appendix 3B, andcomply with section 6i6bThe date the security holderresolution under rule 7.1A waspassed24 November 20176cNumber of securities issuedwithout security holder approvalunder rule 7.1Nil6dNumber of securities issued withsecurity holder approval under rule7.1ANil See chapter 19 for defined terms.Appendix 3B Page 204/03/2013
Appendix 3BNew issue announcement6eNumber of securities issued withsecurity holder approval under rule7.3, or another specific securityholder approval (specify date ofmeeting)Nil6fNumber of securities issued underan exception in rule 7.27,500,000 unlisted options (Exception 9)6gIf securities issued under rule7.1A, was issue price at least 75%of 15 day VWAP as calculatedunder rule 7.1A.3? Include the issue date and both values.Include the source of the VWAPcalculation.N/A6hIf securities were issued underrule7.1Afornon-cashconsideration, state date on whichvaluation of consideration wasreleasedtoASXMarketAnnouncementsN/A6iCalculate the entity’s remainingissue capacity under rule 7.1 andrule 7.1A – complete Annexure 1and release to ASX MarketAnnouncementsRule 7.1 – 133,809,1927 IssuedatesRule 7.1A – 89,206,128a) to c) 20 November 2018Note: The issue date may be prescribed by ASX(refer to the definition of issue date in rule 19.12).For example, the issue date for a pro rataentitlement issue must comply with the applicabletimetable in Appendix 7A.Cross reference: item 33 of Appendix 3B.8 classNumberall 892,061,284Number andof securitiesquoted on ASX(including the securities in section2 if applicable) ClassFully paid ordinary shares See chapter 19 for defined terms.04/03/2013Appendix 3B Page 3
Appendix 3BNew issue announcementNumber910 Class classNumber andof all securities not quoted on ASX(including the securities in section2 if applicable)Dividend policy (in the case of atrust, distribution policy) on theincreased capital (interests)35,000,0001.2 cent unlisted optionsexpiring 22/08/20192,500,0001 cent unlisted optionsexpiring 31/12/20232,500,0001.5 cent unlisted optionsexpiring 31/12/20232,500,0002 cent unlisted optionsexpiring 31/12/2023140,000,000Class A PerformanceRights expiring 13 August2023140,000,000Class B PerformanceRights expiring 13 August2023N/A See chapter 19 for defined terms.Appendix 3B Page 404/03/2013
Appendix 3BNew issue announcementPart 2 - Pro rata issue11Issecurityrequired?holderapproval12Is the issue renounceable or nonrenounceable?13Ratio in which the securities willbe offered14 Class15 Recordof securities to which theoffer relatesdatetodetermineentitlements16Will holdings on different registers(or subregisters) be aggregated forcalculating entitlements?17Policy for deciding entitlements inrelation to fractions18Names of countries in which theentity has security holders who willnot be sent new offer documentsNote: Security holders must be told how theirentitlements are to be dealt with.Cross reference: rule 7.7.19Closing date for receiptacceptances or renunciationsof See chapter 19 for defined terms.04/03/2013Appendix 3B Page 5
Appendix 3BNew issue announcement20Names of any underwriters21Amount of any underwriting fee orcommission22Names of any brokers to the issue23Fee or commission payable to thebroker to the issue24Amount of any handling fee payableto brokers who lodge acceptancesor renunciations on behalf ofsecurity holders25If the issue is contingent on securityholders’ approval, the date of themeeting26Date entitlement and acceptanceform and offer documents will besent to persons entitled27If the entity has issued options, andthe terms entitle option holders toparticipate on exercise, the date onwhich notices will be sent to optionholders28Date rights trading will begin (ifapplicable)29Date rights trading will end (ifapplicable)30How do security holders sell theirentitlements in full through abroker?31How do security holders sell part oftheir entitlements through a brokerand accept for the balance?32How do security holders dispose oftheir entitlements (except by salethrough a broker)?33 Issuedate See chapter 19 for defined terms.Appendix 3B Page 604/03/2013
Appendix 3BNew issue announcementPart 3 - Quotation of securitiesYou need only complete this section if you are applying for quotation of securities34Type of securities(tick one)(a) Securities(b)All other securitiesdescribed in Part 1Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employeeincentive share securities when restriction ends, securities issued on expiry or conversion of convertible securitiesEntities that have ticked box 34(a)Additional securities forming a new class of securitiesTick to indicate you are providing the information ordocuments35If the securities are equity securities, the names of the 20 largest holders of theadditional securities, and the number and percentage of additional securities held bythose holders36If the securities are equity securities, a distribution schedule of the additional securities setting out the number of holders in the categories1 - 1,0001,001 - 5,0005,001 - 10,00010,001 - 100,000100,001 and over37A copy of any trust deed for the additional securities See chapter 19 for defined terms.04/03/2013Appendix 3B Page 7
Appendix 3BNew issue announcementEntities that have ticked box 34(b)38Number of securities for which quotation is sought39 Class40Do the securities rank equally in allrespects from the issue date with anexisting class of quoted securities?of securities for whichquotation is soughtIf the additional securities do notrank equally, please state: the date from which they do the extent to which theyparticipate for the next dividend,(in the case of a trust,distribution) or interest payment the extent to which they do notrank equally, other than inrelation to the next dividend,distribution or interest payment41Reason for request for quotationnowExample: In the case of restricted securities, end ofrestriction period(if issued upon conversion ofanother security, clearly identifythat other security)Number42 class Class securitiesNumber andof allquoted on ASX (including the securities in clause 38) See chapter 19 for defined terms.Appendix 3B Page 804/03/2013
Appendix 3BNew issue announcementQuotation agreement1 Quotationof our additional securities is in ASX’s absolute discretion. ASX mayquote theon any conditions it decides. securities2We warrant the following to ASX. The issue of the securities to be quoted complies with the law and is notfor 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 willnot require disclosure under section 707(3) or section 1012C(6) of theCorporations Act.Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to givethis warranty Section 724 or section 1016E of the Corporations Act does not apply to anyapplications received by us in relation to any securities to be quoted andthat no-one has any right to return any securities to be quoted undersections 737, 738 or 1016F of the Corporations Act at the time that werequest 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 thetime that we request that the securities be quoted.3We will indemnify ASX to the fullest extent permitted by law in respect of anyclaim, action or expense arising from or connected with any breach of thewarranties in this agreement.4We give ASX the information and documents required by this form. If anyinformation or document is not available now, we will give it to ASX before quotation of the securities begins. We acknowledge that ASX is relying on theinformation and documents. We warrant that they are (will be) true and complete.Sign here:Print name:Date: 20 November 2018(Company Secretary)Damien Connor. See chapter 19 for defined terms.04/03/2013Appendix 3B Page 9
Appendix 3BNew issue announcementAppendix 3B – Annexure 1Calculation of placement capacity under rule 7.1 and rule 7.1A foreligible entitiesIntroduced 01/08/12 Amended 04/03/13Part 1Rule 7.1 – Issues exceeding 15% of capitalStep 1: Calculate “A”, the base figure from which the placementcapacity is calculatedInsert number of fully paid ordinarysecurities on issue 12 months before the issue date or date of agreement to issue355,911,284Add the following: Number of fully paid ordinary securitiesissued in that 12 month period under anexception in rule 7.2120,000,000 Shares (Class C PerformanceRights converted into Shares) Number of fully paid ordinary securitiesissued in that 12 month period withshareholder approval416,150,000 Shares Number of partly paid ordinarysecurities that became fully paid in that12 month periodNote: Include only ordinary securities here –other classes of equity securities cannotbe added Include here (if applicable) the securitiesthe subject of the Appendix 3B to whichthis form is annexed It may be useful to set out issues ofsecurities on different dates as separateline itemsSubtract the number of fully paid ordinarysecurities cancelled during that 12 monthperiod0“A”892,061,284 See chapter 19 for defined terms.Appendix 3B Page 1004/03/2013
Appendix 3BNew issue announcementStep 2: Calculate 15% of “A”“B”0.15[Note: this value cannot be changed]Multiply “A” by 0.15133,809,192Step 3: Calculate “C”, the amount of placement capacity under rule7.1 that has already been usedInsert number of equity securities issuedor agreed to be issued in that 12 monthperiod not counting those issued: Under an exception in rule 7.2 Under rule 7.1A With security holder approval under rule7.1 or rule 7.4NilNote: This applies to equity securities, unlessspecifically excluded – not just ordinarysecurities Include here (if applicable) the securitiesthe subject of the Appendix 3B to whichthis form is annexed It may be useful to set out issues ofsecurities on different dates as separateline items“C”133,809,192Step 4: Subtract “C” from [“A” x “B”] to calculate remainingplacement capacity under rule 7.1“A” x 0.15133,809,192Note: number must be same as shown inStep 2Subtract “C”0Note: number must be same as shown inStep 3Total [“A” x 0.15] – “C”133,809,192[Note: this is the remaining placementcapacity under rule 7.1] See chapter 19 for defined terms.04/03/2013Appendix 3B Page 11
Appendix 3BNew issue announcementPart 2Rule 7.1A – Additional placement capacity for eligible entitiesStep 1: Calculate “A”, the base figure from which the placementcapacity is calculated“A”892,061,284Note: number must be same as shown inStep 1 of Part 1Step 2: Calculate 10% of “A”“D”0.10Note: this value cannot be changedMultiply “A” by 0.1089,206,128Step 3: Calculate “E”, the amount of placement capacity under rule7.1A that has already been usedInsert number of equity securities issuedor agreed to be issued in that 12 monthperiod under rule 7.1ANilNotes: This applies to equity securities – notjust ordinary securities Include here – if applicable – thesecurities the subject of the Appendix3B to which this form is annexed Do not include equity securities issuedunder rule 7.1 (they must be dealt within Part 1), or for which specific securityholder approval has been obtained It may be useful to set out issues ofsecurities on different dates as separateline items“E”0 See chapter 19 for defined terms.Appendix 3B Page 1204/03/2013
Appendix 3BNew issue announcementStep 4: Subtract “E” from [“A” x “D”] to calculate remainingplacement capacity under rule 7.1A“A” x 0.1089,206,128Note: number must be same as shown inStep 2Subtract “E”0Note: number must be same as shown inStep 3Total [“A” x 0.10] – “E”89,206,128Note: this is the remaining placementcapacity under rule 7.1A See chapter 19 for defined terms.04/03/2013Appendix 3B Page 13
Issue of Unlisted Options to CEO & Appendix 3B The Board of Twenty Seven Co. Limited (ASX: TSC) (“Twenty Seven Co.” or “the Company”) advises that today it has issued a total of 7,500,000 unlisted options (Options) to it
Issue of Unlisted Options, Exercise of Unlisted Options and Lapse of Unlisted Options . Further to the Announcement on 7 September 2020, Metalicity Ltd (“the Company”) confirms that 35,000,000 Unlisted Options have been issued the Lead Manager Canaccord G
EXPIRY OF UNLISTED OPTIONS . OBJ Limited (ASX: OBJ) wishes to advise that the following unlisted options have now expired: Unlisted Options (OBJUOPT1) 7,500,000 Exercise Price 0.065 Expiry Dat
(1) Unlisted options No. (2) Shares Yes. (3) Lapsed options N/A 5 Issue price or consideration (1) Unlisted options Nil (2) Shares 250,000 ( 0.23 per share). (3) Lapsed options N/A 6 Purpose of the issue (If issued as consideration for the acquisition of assets, clearly ide
Unlisted Options Issue As previously announced (ASX 8 March 2010) the Company has agreed to issue Azure Capital 10,000,000 unlisted share options in two tranches. 5,000,000 options with an exercise price of 0.13 and 5,000,000 options with an exercise price
Appendix 3B – Issue of Unlisted Options . Please find attached an Appendix 3B in respect of the issue of 4,400,000unlisted options to directors of the Company following shareholder approval on 25 November 2019 and 900,000 unlisted options issued pursuant to the te
May 06, 2016 · ISSUE OF UNLISTED OPTIONS Cradle Resources Limited (ASX: CXX) advises it has today issued 750,000 unlisted options exercisable at 25 cents each on or before 31 October 2018 (Options). An Appendix 3
vesting 12 months from date of issue 250,000 unlisted options: exercise price - 0.35 expiry – 24 November 2019 vesting 12 months from date of issue 250,000 unlisted options: . 13 Ratio in which the securities will be offered N/A . Appendix 3B N
inquiry-based instruction supported 5E learning cycle . In the instruction based on 5E learning cycle method, teaching and learning activities and lesson plans were designed to maximize students active involvement in the learning process. The topics included in the lesson plans were about the three units of fifth-grade sciences book; they included: hidden strangles (microbes, viruses, diseases .
