Pursuit Minerals : Proposed issue of securities - PUR

About this update from Pursuit Minerals Ltd

Proposed issue of securities Announcement Summary For personal use only Entity name PURSUIT MINERALS LTD Announcement Type New announcement Date of this announcement 22/12/2021 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 New class-code to be Unlisted Options 2,500,000 confirmed PUR ORDINARY FULLY PAID 21,871,610 Proposed +issue date 31/1/2022 Refer to next page for full details of the announcement Proposed issue of securities 1 / 7 Proposed issue of securities Part 1 - Entity and announcement details For personal use only 1.1 Name of +Entity PURSUIT MINERALS 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 27128806977 1.3 ASX issuer code PUR The announcement is New announcement Date of this announcement 22/12/2021 1.6 The Proposed issue is: A placement or other type of issue Proposed issue of securities 2 / 7 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? Yes use 7A.1a Conditions Approval/Condition Date for determination Is the date estimated or ** Approval +Security holder approval 31/1/2022 actual? received/condition met? Actual Comments personal P rt 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? or an 'Existing class' (additional No securities in a class that is already quoted or recorded by ASX)? Existing class Details of +securities proposed to be issued For ASX +security code and description PUR : ORDINARY FULLY PAID Number of +securities proposed to be issued 8,535,278 Offer price details Are the +securities proposed to be issued being issued for a cash consideration? No Proposed issue of securities 3 / 7 use only Proposed issue of securities Please describe the consideration being provided for the +securities refer to Commando acquisition announcement dated 16/12/2021. Shares form part of the acquisition of the Commando option payment. Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities 240,000.000000 Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class? Yes 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 Details of +securities proposed to be issued personal ASX +security code and description PUR : ORDINARY FULLY PAID Number of +securities proposed to be issued 13,336,332 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 Under the opiton agreement to acquire Commando. the Company can secure 100% of the project with the issue of For 13,336,332, 45% of the project with the issue of 6,223,640 shares or elect not to proceed. Yes Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities 375,000.000000 Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class? Proposed issue of securities 4 / 7 Proposed issue of securities Is the proposed 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)? New class Will the proposed issue of this +security include an offer of attaching +securities? No only Details of +securities proposed to be issued ISIN Code (if Issuer is a foreign company and +securities are non CDIs) Have you received confirmation from Will the entity be seeking quotation use ASX that the terms of the proposed of the 'new' class of +securities on +securities are appropriate and ASX? equitable under listing rule 6.1? No Yes ASX +security code +Security description New class-code to be confirmed Unlisted Options +Security type personal Options Number of +securities proposed to be issued 2,500,000 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 Form part of the Commando Consideration Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities 1,000.000000 For Will all the +securities issued in this class rank equally in all respects from their issue date? Yes Options details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.0281 21/12/2024 Proposed issue of securities 5 / 7 This is an excerpt of the original content. To continue reading it, access the original document here .

View stock analysis, news, and events for Pursuit Minerals Ltd