Sorry I am a bit confused by the below from the Explanatory Statement that accompanies the Notice. In bold below it refers to 336m shares @0.009c. It conflicts with the Tranche payments paid of 0.0273c and 0.0607c. When was the original 336m agreed to and what is now left outstanding?
Information required by Listing Rule 7.5
Listing Rule 7.5 sets out the requirements for notices of meeting at which shareholder approval is sought for
the purposes of Listing Rule 7.4. For the purposes of Listing Rule 7.5 the Company notes as follows:
1. The Company issued the Placement Shares to Piedmont Lithium Inc
2. The Company issued 25,038,534 Placement Shares in two tranches:
a. 2,407,392 Placement Shares (Tranche 1 Shares); and
b. 22,631,142 Placement Shares (Tranche 2 Shares)
3. The Placement Shares were issued on:
a. 28 January 2022 (Tranche 1 Shares); and
b. 14 April 2022 (Tranche 2 Shares)
4. The price at which Placement Shares were issued was:
a. $0.0273 per Placement Share – Tranche 1 Shares; and
b. $0.0607 per Placement Share – Tranche 2 Shares.
5. The Placement Shares are fully paid ordinary shares, are not subject to escrow restrictions, and
were issued on the same terms as and rank pari passu with the Shares that were already on issue.
6. The proceeds of the Placement were and are to be applied to working capital.
7. Material terms of the agreement under which these shares were issued include:
a. Piedmont agrees to subscribe for 336,207,043 shares for US$3,000,000;
b. While Piedmont holds voting power of at least 9% in the Issuer, the Subscriber will have
the right to appoint one person as a non-executive director of the Issuer; and
c. While Piedmont holds voting power of at least 9%, the Issuer must not issue shares
(other than a pro-rata offer of shares to all shareholders on the same terms in which the Subscriber
is entitled to participate) without the Subscriber’s prior written consent. Piedmont may elect to
participate in any issue on the same terms as other participants.
8. A Voting Exclusion Statement for this Resolution is set out in the Notice of Meeting.
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Ann: Notice of General Meeting/Proxy Form, page-14
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Last
2.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $277.9M |
Open | High | Low | Value | Volume |
2.7¢ | 2.8¢ | 2.6¢ | $448.3K | 16.62M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
54 | 12228399 | 2.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.7¢ | 166868 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
53 | 11228399 | 0.026 |
61 | 23040563 | 0.025 |
37 | 14612319 | 0.024 |
30 | 12005780 | 0.023 |
19 | 4500455 | 0.022 |
Price($) | Vol. | No. |
---|---|---|
0.027 | 166868 | 1 |
0.028 | 7787737 | 12 |
0.029 | 4788901 | 14 |
0.030 | 7629537 | 44 |
0.031 | 4489914 | 19 |
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