4 October 2016
Ferrum Crescent Limited
("Ferrum Crescent", the "Company" or the "Group")(ASX: FCR, AIM: FCR, JSE: FCR)
Grant of Options
Ferrum Crescent, the ASX, AIM and JSE quoted metals project developer, announces that, following receipt of shareholder approval on 29 September 2016, and further to the Company's announcement of 25 July 2016, the Company has granted 187,226,485 new unlisted options to investors who subscribed for Placing Shares on a one for one basis (the "Options") and 18,722,649 new unlisted options to Beaufort Securities Limited (the "Broker Options") as settlement of certain corporate broking services fees. The Options and Broker Options are exercisable at 0.30 pence per share on or before 29 July 2018.
Please refer to the attached Appendix 3B for further details.
For further information on the Company, please visit www.ferrumcrescent.com or contact:
Ferrum Crescent Limited
Justin Tooth, Executive Chairman Grant Button, Company Secretary T: +61 8 9474 2995
UK enquiries:
Laurence Read (UK representative) T: +44 7557 672 432
Strand Hanson Limited (Nominated Adviser) Rory Murphy/Matthew Chandler
T: +44 (0)20 7409 3494
Beaufort Securities Limited (Broker) Elliot Hance
T: +44 (0)20 7382 8300
Bravura Capital (Pty) Ltd (JSE Sponsor) Doné Hattingh
T (direct): +27 11 459 5037
ACN 097 532 137 Suite 6, Ground Floor, 9 Bowman Street Share code FCR on the ASX, AIM and the JSE SOUTH PERTH WA 6151, AUSTRALIA www.ferrumcrescent.com PO Box 189, South Perth, WA 6951
[email protected] Tel: +61 8 9474 2995 Fax: +61 9474 2937
Appendix 3B
Rule 2.7, 3.10.3, 3.10.4, 3.10.5
New issue announcement, application for quotation of additional securities
and agreement
Information or documents not available now must be given to ASX as soon as available. Information and documents 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, 04/03/13
Name of entity
Ferrum Crescent Limited (the Company)
ABN
58 097 532 137
We (the entity) give ASX the following information.
Part 1 - All issues
You must complete the relevant sections (attach sheets if there is not enough space).
Unlisted Options
1 +Class of +securities issued or to be issued
-
187,226,485 (Placement Options)
-
18,722,649 (Broker Options) (together, the Unlisted Options)
-
Number of +securities issued or to be issued (if known) or maximum number which may be issued
Unlisted Options exercisable at 0.30 pence on or before 29 July 2018
-
Principal terms of the +securities (e.g. if options, exercise price and expiry date; if partly paid
+securities, the amount outstanding and due dates for payment; if +convertible securities, the conversion price and dates for conversion)
No ‐ Unlisted Options*
*Shares issued on exercise of the Unlisted Options will, from the date of issue, rank equally in all respects with all existing shares on issue.
-
Do the +securities rank equally in all respects from the +issue date with an existing +class of quoted +securities?
If the additional +securities do not rank equally, please state:
-
the date from which they do
-
the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment
-
the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment
Nil
-
Issue price or consideration
-
Placement Options issued to investors who subscribed for Placing Shares issued by the Company by private placement (as announced on 25 July 2016) on a one for one basis.
-
Broker Options issued to Beaufort Securities Limited as settlement of certain corporate broking services fees owed by the Company incurred in connection with the private placement.
-
The issue of the Unlisted Options will not raise any funds, however, the proceeds from the exercise of the Unlisted Options will be used for the Group's general working capital requirements.
-
Purpose of the issue
-
(If issued as consideration for the acquisition of assets, clearly identify those assets)
Yes
6a Is the entity an +eligible entity that has obtained security holder approval under rule 7.1A?
If Yes, complete sections 6b - 6h in relation to the +securities the subject of this Appendix 3B, and comply with section 6i
30 November 2015
6b The date the security holder resolution under rule 7.1A was passed
Nil
6c Number of +securities issued without security holder approval under rule 7.1
Nil
6d Number of +securities issued with security holder approval under rule 7.1A
-
187,226,485 Placement Options; and
-
18,722,649 Broker Options, issued with shareholder approval obtained at the General Meeting of the Company held on 29 September 2016.
6eNumber of +securities issued with security holder approval under rule 7.3, or another specific security holder approval (specify date of meeting)
Nil
6fNumber of +securities issued under an exception in rule 7.2
N/A
6gIf +securities issued under rule 7.1A, was issue price at least 75% of 15 day VWAP as calculated under rule 7.1A.3? Include the +issue date and both values. Include the source of the VWAP calculation.
N/A
6h If +securities were issued under rule 7.1A for non‐cash consideration, state date on which valuation of consideration was released to ASX Market Announcements
Listing Rule 7.1 ‐ 132,868,597 Listing Rule 7.1A ‐ 158,255,759
6i Calculate the entity's remaining issue capacity under rule 7.1 and rule 7.1A - complete Annexure 1 and release to ASX Market Announcements
4 October 2016
7 +Issue dates
Note: 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 rata entitlement issue must comply with the applicable timetable in Appendix 7A.
Cross reference: item 33 of Appendix 3B.
|
Number
|
+Class
|
|
1,684,772,634
|
Ordinary shares
|
8 Number and +class of all
+securities quoted on ASX (including the +securities in section 2 if applicable)