TIDMOEX

RNS Number : 6983P

Oilex Ltd

04 September 2017

ASX Announcement

4 September 2017

ASX: OEX

AIM: OEX

Issue of Shares

Oilex advises that it has issued 13,809,266 ordinary shares following exercise of 11,722,222 broker options at 0.225 pence expiring 22 May 2020 together with the issue of 2,087,044 shares as consideration for consulting services.

Oilex gives notice under section 708A(5)(e) of the Corporations Act 2001 (Cth) (Act) that:

1. Oilex issued the Shares without disclosure to investors under Part 6D.2 of the Act;

   2                 as at the date of this notice, Oilex has complied with: 
   (a)              the provisions of Chapter 2M of the Act as they apply to Oilex; and 
   (b)              section 674 of the Act; and 

3 as at the date of this notice, there is no information that is 'excluded information' within the meaning of sections 708A(7) and 708A(8) of the Act.

The Company advises that application has also been made for the admission to trading on AIM and it expects the shares to be admitted to trading on AIM on 7 September 2017.

For and on behalf of Oilex Ltd

Mark Bolton

Chief Financial Officer & Company Secretary

For further information, please contact:

 
 Investor              AIM Broker                 AIM Nominated           Media Enquires         Media Enquiries 
  Enquiries            Cornhill                   Adviser                 (UK)                   (Aus) 
  Oilex                Capital                    Strand Hanson           Vigo Communications    Citadel-MAGNUS 
  Ltd                  Limited                    Limited                 Public Relations       Michael 
  Joe Salomon          Broker                     Nominated               Patrick                Weir 
  Managing             Daniel Gee                 Adviser                 d'Ancona/Chris         Email: 
  Director             Email:                     Rory Murphy/Ritchie     McMahon                mweir@citadelmagnus.c 
  Email:               danielg@cornhillcapital.   Balmer                  Email:                 om 
  oilex@oilex.com.au   com                        Email:                  patrick.dancona@vigo   Tel: +618 
  Tel: +61             Tel: +44                   oilex@strandhanson.co   comms.com              6160 4900 
  8 9485               20 3700                    .uk                     chris.mcmahon@vigoco   Australia 
  3200                 2500                       Tel: +44                mms.com 
  Australia            UK                         20 7409                 Tel: +44 20 
                                                  3494                    7830 9700 
                                                  UK 
 

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

Appendix 3B

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 
 OILEX LTD 
-------------- 
 
 
ABN 
 50 078 652 632 
--------------- 
 

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).

 
 1   +Class of +securities           Fully Paid Ordinary 
      issued or to be issued          Shares 
 
 2   Number of +securities           (a) 11,722,222 exercise 
      issued or to be issued          of options 
      (if known) or maximum           (b) 2,087,044 consideration 
      number which may be             for consulting services 
      issued 
 
 3   Principal terms of              Fully Paid Ordinary 
      the +securities (eg,            Shares 
      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) 
                                   ------------------------------ 
 
 
 4     Do the (+) securities                                          Yes 
        rank equally in all 
        respects from the 
        date of allotment 
        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 
                                                                   ------------------------------ 
 
 5     Issue price or consideration                                 (a) GBP0.00225 ($0.004) 
                                                                     per share 
                                                                     (b) $0.004 per share 
                                                                   ------------------------------ 
 
  6    Purpose of the issue 
        (If issued as consideration                                   (a) Exercise of 11,722,222 
        for the acquisition                                           options expiring 22 May 
        of assets, clearly                                            2020 
        identify those assets)                                        (b) 2,087,044 consideration 
                                                                      for consulting services 
                                                                   ------------------------------ 
 
  6a   Is the entity an 
        (+) eligible entity                                           Yes 
        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 
                                                                   ------------------------------ 
 
  6b   The date the security 
        holder resolution                                             23 November 2016 
        under rule 7.1A was 
        passed 
                                                                   ------------------------------ 
 
  6c   Number of (+) securities 
        issued without security                                       Not applicable 
        holder approval under 
        rule 7.1 
                                                                   ------------------------------ 
 
  6d   Number of (+) securities 
        issued with security                                          Not applicable 
        holder approval under 
        rule 7.1A 
                                                                   ------------------------------ 
 
  6e   Number of +securities                                         Not applicable 
        issued with security 
        holder approval under 
        rule 7.3, or another 
        specific security 
        holder approval (specify 
        date of meeting) 
                                                                   ------------------------------ 
 
 6f    Number of (+) securities                                     Not applicable 
        issued under an exception 
        in rule 7.2 
                                                                   ------------------------------ 
 
 6g    If (+) securities                                            Not applicable 
        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. 
                                                                   ------------------------------ 
 
 
 
 
 
 6h     If (+) securities were           Not applicable 
         issued under rule 7.1A 
         for non-cash consideration, 
         state date on which 
         valuation of consideration 
         was released to ASX 
         Market Announcements 
                                       -------------------------------------- 
 
 
 6i   Calculate the entity's             Listing Rule 7.1: 215,309,311 
       remaining issue capacity           Listing Rule 7.1A: 36,681,388 
       under rule 7.1 and rule 
       7.1A - complete Annexure 
       1 and release to ASX 
       Market Announcements 
                                       ------------------------------------------------------------- 
 
 7    (+) Issue dates                    4 September 2017 
       Notes: 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. 
                                       ------------------------------------------------------------- 
 
 8    Number and +class of                          Number                        (+) Class 
       all +securities quoted 
       on ASX (including the 
       (+) securities in section 
       2 if applicable) 
                                       --------------------------------  --------------------------- 
                                                          1,698,112,165    Fully Paid Ordinary 
                                                                           Shares 
                                       --------------------------------  --------------------------- 
 
 9    Number and +class of                                       Number                       +Class 
       all +securities not 
       quoted on ASX (including 
       the securities in section 
       2 if applicable) 
                                       --------------------------------  --------------------------- 
                                                              2,000,000                $0.25 Options 
                                                              5,000,000               due 11/11/2017 
                                                                275,000                $0.10 Options 
                                                            190,535,385               due 22/12/2017 
                                                             77,166,666                $0.35 Options 
                                                                                      due 05/08/2018 
                                                                                   GBP0.0035 Options 
                                                                                                 due 
                                                                                          22/11/2017 
                                                                                  GBP0.00225 Options 
                                                                                                 due 
                                                                                          22/05/2020 
                                       --------------------------------  --------------------------- 
 
 10   Dividend policy (in 
       the case of a trust,               Not applicable 
       distribution policy) 
       on the increased capital 
       (interests) 
                                       ------------------------------------------------------------- 
 
 

Part 2 -- Pro rata issue

 
 11   Is security holder           Not applicable 
       approval required? 
                                  --------------- 
 
 12   Is the issue renounceable 
       or non-renounceable? 
                                  --------------- 
 
 13   Ratio in which 
       the +securities 
       will be offered 
 
 14   +Class of +securities 
       to which the offer 
       relates 
                                  --------------- 
 
 15   +Record date to 
       determine entitlements 
                                  --------------- 
 
 16   Will holdings on 
       different registers 
       (or subregisters) 
       be aggregated for 
       calculating entitlements? 
                                  --------------- 
 
 17   Policy for deciding 
       entitlements in 
       relation to fractions 
                                  --------------- 
 
 18   Names of countries 
       in which the entity 
       has security holders 
       who will not be 
       sent new issue 
       documents 
       Note: Security 
       holders must be 
       told how their 
       entitlements are 
       to be dealt with. 
       Cross reference: 
       rule 7.7. 
                                  --------------- 
 
 19   Closing date for 
       receipt of acceptances 
       or renunciations 
                                  --------------- 
 
 20   Names of any underwriters 
                                  --------------- 
 
 21   Amount of any underwriting 
       fee or commission 
                                  --------------- 
 
 22   Names of any brokers 
       to the issue 
                                  --------------- 
 
 23   Fee or commission 
       payable to the 
       broker to the issue 
                                  --------------- 
 
 
 
  24       Amount of any handling 
            fee payable to brokers 
            who lodge acceptances 
            or renunciations 
            on behalf of security 
            holders 
 
 
 25        If the issue is contingent 
            on security holders' 
            approval, the date 
            of the meeting 
 
 
 26        Date entitlement 
            and acceptance form 
            and offer documents 
            will be sent to persons 
            entitled 
 
 
 27        If the entity has 
            issued options, and 
            the terms entitle 
            option holders to 
            participate on exercise, 
            the date on which 
            notices will be sent 
            to option holders 
 
 
 28        Date rights trading 
            will begin (if applicable) 
 
 
 29        Date rights trading 
            will end (if applicable) 
 
 
 30        How do security holders 
            sell their entitlements 
            in full through a 
            broker? 
 
 
 31        How do security holders 
            sell part of their 
            entitlements through 
            a broker and accept 
            for the balance? 
 
 
 32        How do security holders 
            dispose of their 
            entitlements (except 
            by sale through a 
            broker)? 
 
 
 33        +Issue date 
 
 
 

Part 3 -- Quotation of securities

You need only complete this section if you are applying for quotation of securities

 
 34    Type of securities 
        (tick one) 
 (a)   ΓΌ   (+) Securities described in Part 1 
 
 (b)   o        All other (+) securities 
                 Example: restricted securities at the 
                 end of the escrowed period, partly paid 
                 securities that become fully paid, employee 
                 incentive share securities when restriction 
                 ends, securities issued on expiry or 
                 conversion of convertible securities 
 
 
 Entities that have ticked box 34(a) 
 Additional securities forming a new class 
  of securities 
 Tick to indicate you are providing the 
  information or documents 
 
 35                                            If the +securities are +equity securities, 
                                                the names of the 20 largest holders of 
                                                the additional +securities, and the number 
                                                and percentage of additional +securities 
                                                held by those holders 
 
 36                                            If the +securities are +equity securities, 
                                                a distribution schedule of the additional 
                                                +securities setting out the number of 
                                                holders in the categories 
                                                1 - 1,000 
                                                1,001 - 5,000 
                                                5,001 - 10,000 
                                                10,001 - 100,000 
                                                100,001 and over 
 
 37                                            A copy of any trust deed for the additional 
                                                +securities 
 
 Entities that have ticked box 34(b) 
                                                                                                          ----------------- 
 38                                          Number of securities                                       Not applicable 
                                              for which +quotation 
                                              is sought 
                                                                                                        ------------------- 
 
 39                                          +Class of +securities 
                                              for which quotation 
                                              is sought 
                                                                                                        ------------------- 
 
 40                                          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 
                                                                                                        ------------------- 
 
 41                                          Reason for request 
                                              for quotation now 
                                              Example: In the 
                                              case of restricted 
                                              securities, end 
                                              of restriction period 
                                              (if issued upon 
                                              conversion of another 
                                              (+) security, clearly 
                                              identify that other 
                                              (+) security) 
                                                                                                        ------------------- 
 
 
 
 
 42   Number and +class of      Number   (+) Class 
       all +securities quoted 
       on ASX (including the 
       securities in clause 
       38) 
                               -------  ---------- 
 
 

Quotation agreement

1 +Quotation of our additional +securities is in ASX's absolute discretion. ASX may quote the +securities on any conditions it decides.

   2          We warrant the following to ASX. 

-- The issue of the +securities to be quoted complies with the law and is not for an illegal purpose.

   --           There is no reason why those +securities should not be granted +quotation. 

-- An offer of the +securities for sale within 12 months after their issue will not require disclosure under section 707(3) or section 1012C(6) of the Corporations Act.

Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty

-- Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any +securities to be quoted and that no-one has any right to return any +securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the +securities be quoted.

-- If we are a trust, we warrant that no person has the right to return the +securities to be quoted under section 1019B of the Corporations Act at the time that we request that the +securities be quoted.

3 We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement.

4 We give ASX the information and documents required by this form. If any information or document not available now, will give it to ASX before +quotation of the +securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete.

Mark Bolton

Company Secretary

Appendix 3B - Annexure 1

Calculation of placement capacity under rule 7.1 and rule 7.1A for (+) eligible entities

Introduced 01/08/12, Amended 04/03/13

Part 1

 
                            Rule 7.1 - Issues exceeding 15% of capital 
------------------------------------------------------------------------------------------------- 
 Step 1: Calculate "A", the base figure from 
  which the placement capacity is calculated 
------------------------------------------------------------------------------------------------- 
 Insert number of fully 
  paid (+) ordinary securities 
  on issue 12 months 
  before the (+) issue 
  date or date of agreement 
  to issue                                                       1,180,426,999 
--------------------------------------------------------------  --------------------------------- 
 Add the following: 
   *    Number of fully paid (+) ordinary securities issued        12,987,013 (issued 23/11/2016) 
        in that 12 month period under an exception in rule         2,000,000 (issued 17/03/2017) 
        7.2                                                        11,722,222 (issued 04/09/2017) 
--------------------------------------------------------------  --------------------------------- 
                                                                 Approval as at 3 May 2017 
   *    Number of fully paid (+) ordinary securities issued       General Meeting 
        in that 12 month period with shareholder approval         162,738,273 (issued 24/03/2017) 
                                                                  190,353,385 (issued 10/05/2017) 
--------------------------------------------------------------  --------------------------------- 
 
   *    Number of partly paid (+) ordinary securities that 
        became fully paid in that 12 month period 
--------------------------------------------------------------  --------------------------------- 
 Note: 
   *    Include only ordinary securities here - other classes 
        of equity securities cannot be added 
 
 
   *    Include here (if applicable) the securities the 
        subject of the Appendix 3B to which this form is 
        annexed 
 
 
   *    It may be useful to set out issues of securities on 
        different dates as separate line items 
--------------------------------------------------------------  --------------------------------- 
 Subtract the number                                             Nil 
  of fully paid (+) ordinary 
  securities cancelled 
  during that 12 month 
  period 
--------------------------------------------------------------  --------------------------------- 
 "A"                                                             1,560,227,892 
--------------------------------------------------------------  --------------------------------- 
 
 
 Step 2: Calculate 15% of "A" 
--------------------------------------------------------------------------------------------- 
 "B"                                                            0.15 
                                                                 [Note: this value cannot 
                                                                 be changed] 
-------------------------------------------------------------  ------------------------------ 
 Multiply "A" by 0.15                                           234,034,183 
-------------------------------------------------------------  ------------------------------ 
 Step 3: Calculate "C", the amount of placement 
  capacity under rule 7.1 that has already been 
  used 
--------------------------------------------------------------------------------------------- 
 Insert number of 
  (+) equity securities                                           16,273,828 shares (issued 
  issued or agreed                                                31/03/2017) 
  to be issued in that                                            182,000 shares (issued 
  12 month period not                                             10/05/2017) 
  counting those issued:                                          182,000 options (issued 
   *    Under an exception in rule 7.2                            22/05/2017) 
                                                                  2,087,044 shares (issued 
                                                                  04/09/2017) 
   *    Under rule 7.1A 
 
 
   *    With security holder approval under rule 7.1 or rule 
        7.4 
 
 
  Note: 
   *    This applies to equity securities, unless 
        specifically excluded - not just ordinary securities 
 
 
   *    Include here (if applicable ) the securities the 
        subject of the Appendix 3B to which this form is 
        annexed 
 
 
   *    It may be useful to set out issues of securities on 
        different dates as separate line items 
-------------------------------------------------------------  ------------------------------ 
 "C"                                                            18,724,872 
-------------------------------------------------------------  ------------------------------ 
 Step 4: Subtract "C" from ["A" x "B"] to calculate 
  remaining placement capacity under rule 7.1 
--------------------------------------------------------------------------------------------- 
 "A" x 0.15 
  Note: number must 
  be same as shown 
  in Step 2                                                     234,034,183 
-------------------------------------------------------------  ------------------------------ 
 Subtract "C" 
  Note: number must 
  be same as shown 
  in Step 3                                                      18,724,872 
-------------------------------------------------------------  ------------------------------ 
 Total ["A" x 0.15]                                             215,309,311 
  - "C"                                                          [Note: this is the remaining 
                                                                 placement capacity under 
                                                                 rule 7.1] 
-------------------------------------------------------------  ------------------------------ 
 

Part 2

 
                           Rule 7.1A - Additional placement capacity for 
                                         eligible entities 
-------------------------------------------------------------------------------------------------- 
 Step 1: Calculate "A", the base figure from 
  which the placement capacity is calculated 
-------------------------------------------------------------------------------------------------- 
 "A" 
  Note: number must be 
  same as shown in Step 
  1 of Part 1                                                     1,560,227,892 
--------------------------------------------------------------  ---------------------------------- 
 Step 2: Calculate 10% of "A" 
-------------------------------------------------------------------------------------------------- 
 "D"                                                             0.10 
                                                                  Note: this value cannot 
                                                                  be changed 
--------------------------------------------------------------  ---------------------------------- 
 Multiply "A" by 0.10                                            156,022,789 
--------------------------------------------------------------  ---------------------------------- 
 Step 3: Calculate "E", the amount of placement 
  capacity under rule 7.1A that has already been 
  used 
-------------------------------------------------------------------------------------------------- 
 Insert number of equity 
  securities issued or                                             108,492,183 (issued 24/03/2017) 
  agreed to be issued                                              10,849,218 (issued 31/03/2017) 
  in that 12 month period 
  under rule 7.1A 
  Notes: 
   *    This applies to equity securities - not just ordinary 
        securities 
 
 
   *    Include here - if applicable - the securities the 
        subject of the Appendix 3B to which this form is 
        annexed 
 
 
   *    Do not include equity securities issued under rule 
        7.1 (they must be dealt with in Part 1), or for which 
        specific security holder approval has been obtained 
 
 
   *    It may be useful to set out issues of securities on 
        different dates as separate line items 
--------------------------------------------------------------  ---------------------------------- 
 "E"                                                             119,341,401 
--------------------------------------------------------------  ---------------------------------- 
 Step 4: Subtract "E" from ["A" x "D"] to calculate 
  remaining placement capacity under rule 7.1A 
-------------------------------------------------------------------------------------------------- 
 "A" x 0.10 
  Note: number must be 
  same as shown in Step 
  2                                                              156,022,789 
--------------------------------------------------------------  ---------------------------------- 
 Subtract "E" 
  Note: number must be 
  same as shown in Step 
  3                                                              119,341,401 
--------------------------------------------------------------  ---------------------------------- 
 Total ["A" x 0.10]                                               36,681,388 
  - "E"                                                            Note: this is the remaining 
                                                                   placement capacity under 
                                                                   rule 7.1A 
--------------------------------------------------------------  ---------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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