Share
BLT
06/09/2013 15:41
GENERAL
REL: 1541 HRS BLIS Technologies Limited
GENERAL: BLT: FIRST RIGHT OF REFUSAL
Following its shareholder meeting giving approval for the Board to issue up
to $3 million of shares, and the issuing of 213,459,662 fully paid ordinary
shares at $0.01 per share, the Board has resolved to grant NZPR Group Limited
(or nominee) a first right of refusal in relation to the issue of 50,000,000
of the shares remaining to be allocated. This first right of refusal expires
on 30 September 2013 to the extent it is not exercised by that date.
Notice of Issue of Options
Class of securities issued Ordinary shares
ISIN NZBLTE0002S8
Number of securities issued No Shares issued. Options issued
pursuant to a first right of refusal with regards to up to 50,000,000
Ordinary Shares in the Company (in total) on the terms of issue set out below
Issue price $0.01 per share to be issued
Payment in cash? Yes on exercise of the first right of refusal
Any amount paid up (if not in full) Fully paid
Percentage of total class issued 0%
Specific authority for the issue Shareholder approval to issue
shares at 30 August 2013 Annual Meeting
Terms or details of the issue
1. The first right of refusal expires on 30 September 2013 if it has not
already lapsed or been exercised.
2. The first right of refusal is to purchase 50 million shares (or such
lesser amount as advised by NZPR Group) pursuant to a subscription agreement
for a price of 1 cent per share with settlement due on 30 September 2013.
3. The Company will reserve the 50 million shares for NZPR Group until such
time as it receives subscription agreements (inclusive of those held as at 30
August 2013) for 250 million shares.
4. In the event that the Company receives subscription applications in excess
of 250 million shares the Company will not allot shares in excess of 250
million without first giving NZPR Group notice and the option to exercise its
first right of refusal.
5. Upon email advice of the notice that the Company has received subscription
applications for in excess of 250 million shares, NZPR Group has 48 hours to
exercise its first right of refusal either in full or in part whereupon the
first right of refusal shall lapse.
6. If after 48 hours NZPR has either not exercised its first right of refusal
or exercised its first right of refusal in part, the Company shall be free to
complete subscription agreements with third parties for the balance of any
shares available for allotment pursuant to the placement.
Total number of securities of the class
in existence after the issue 883,053,565
Date of issue 6 September 2013 (in respect of the option)
Barry Richardson
End CA:00240833 For:BLT Type:GENERAL Time:2013-09-06 15:41:59
