NewPeak Metals : Proposed issue of securities - NPM

About this update from Newpeak Metals Ltd.

Proposed issue of securities Announcement Summary For personal use only Entity name NEWPEAK METALS LIMITED Announcement Type New announcement Date of this announcement 8/2/2022 The Proposed issue is: A placement or other type of issue 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 NPMO OPTION EXPIRING 19-JUL-2023 615,000,000 NPM ORDINARY FULLY PAID 1,200,000,000 Proposed +issue date 11/2/2022 Refer to next page for full details of the announcement Proposed issue of securities 1 / 6 Proposed issue of securities Part 1 - Entity and announcement details For personal use only 1.1 Name of +Entity NEWPEAK METALS LIMITED 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 79068958752 1.3 ASX issuer code NPM The announcement is New announcement Date of this announcement 8/2/2022 1.6 The Proposed issue is: A placement or other type of issue Proposed issue of securities 2 / 6 Proposed issue of securities Part 7 - Details of proposed placement or other issue only Part 7A - Conditions 7A.1 Do any external approvals need to be obtained or other conditions satisfied before the placement or other type of issue can proceed on an unconditional basis? use No Part 7B - Issue details Is the proposed security a 'New Will the proposed issue of this class' (+securities in a class that is +security include an offer of not yet quoted or recorded by ASX) attaching +securities? personal or an 'Existing class' (additional Yes securities in a class that is already consideration? quoted or recorded by ASX)? Existing class Details of +securities proposed to be issued ASX +security code and description NPM : ORDINARY FULLY PAID Number of +securities proposed to be issued 1,200,000,000 Offer price details Are the +securities proposed to be issued being issued for a cash For Yes In what currency is the cash What is the issue price per consideration being paid? +security? AUD - Australian Dollar AUD 0.00100 Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class? Yes Proposed issue of securities 3 / 6 Proposed issue of securities Attaching +Security Is the proposed attaching security a 'New class' (+securities in a class that is not yet quoted or recorded by ASX) or an 'Existing class' (additional +securities in a class that is already quoted or recorded by ASX)? nly o Is the proposed security a 'New Will the proposed issue of this class' (+securities in a class that is +security include an offer of not yet quoted or recorded by ASX) attaching +securities? or an 'Existing class' (additional No securities in a class that is already quoted or recorded by ASX)? Existing class use tails of +securities proposed to be issued D ASX +security code and description NPMO : OPTION EXPIRING 19-JUL-2023 personal Number of +securities proposed to be issued 615,000,000 Offer price details Are the +securities proposed to be issued being issued for a cash consideration? No Please describe the consideration being provided for the +securities Shares being issued at .001 with 1:2 options attached Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities 0.000001 Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class? For Yes Part 7C - Timetable 7C.1 Proposed +issue date 11/2/2022 Proposed issue of securities 4 / 6 Proposed issue of securities Part 7D - Listing Rule requirements only 7D.1 Has the entity obtained, or is it obtaining, +security holder approval for the entire issue under listing rule 7.1? No 7D.1b Are any of the +securities proposed to be issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1? Yes 7D.1b ( i ) How many +securities are proposed to be issued without security holder approval using the entity's 15% placement capacity under listing rule 7.1? 1,107,462,505 use 7D.1c Are any of the +securities proposed to be issued without +security holder approval using the entity's additional 10% placement capacity under listing rule 7.1A (if applicable)? Yes 7D.1c ( i ) How many +securities are proposed to be issued without +security holder approval using the entity's additional 10% placement capacity under listing rule 7.1A? 707,537,495 personal 7D.1c ( ii ) Please explain why the entity has chosen to do a placement rather than a +pro rata issue or an offer under a +security purchase plan in which existing ordinary +security holders would have been eligible to participate A Placement is considered less costly and more expedient for raising funds at present. The Compasny recently completed a share purchase plan open to all shareholders. 7D.2 Is a party referred to in listing rule 10.11 participating in the proposed issue? No 7D.3 Will any of the +securities to be issued be +restricted securities for the purposes of the listing rules? No 7D.4 Will any of the +securities to be issued be subject to +voluntary escrow? No Part 7E - Fees and expenses For 7E.1 Will there be a lead manager or broker to the proposed issue? Yes 7E.1a Who is the lead manager/broker? 180 Markets Pty. Limited 7E.1b What fee, commission or other consideration is payable to them for acting as lead manager/broker? 6 % of capital raised and 15,000,000 NPMO listed optionsd 7E.2 Is the proposed issue to be underwritten? No Proposed issue of securities 5 / 6 This is an excerpt of the original content. To continue reading it, access the original document here .

View stock analysis, news, and events for Newpeak Metals Ltd.