Berkeley Eng Regulatory News (BKY)

Name of entity

Berkeley Resources Limited

ABN

40 052 468 569

1

+Class of +securities issued or to be issued

A. Ordinary Shares (Placement)

B. Ordinary Shares (Placement)

C. Options (Placement)

D. Options (Placement)

E. Options (Transaction Fee)

F. Ordinary Shares (Rights Issue)

G. Options (Rights Issue)

H. Options (Director Incentive)

2

Number of +securities issued or to be issued (if known) or maximum number which may be issued

A. 10,000,000

B. 4,000,000

C. 5,000,000

D. 2,000,000

E. 2,500,000

F. Up to 5,879,584

G. Up to 2,939,792

H. 3,000,000

3

Principal terms of the +securities (eg, 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)

A. Fully paid ordinary shares

B. Fully paid ordinary shares

C. Options exercisable at $0.75 within 4 years from the date of issue

D. Options exercisable at $0.75 within 4 years from the date of issue

E. Options exercisable at $1.00 within 4 years from the date of issue

F. Fully paid ordinary shares

G. Options exercisable at $0.75 within 4 years from the date of issue

H. Options exercisable at $0.75 within 4 years from the date of issue

4

Do the +securities 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:

A. Yes

B. Yes

C. No - New security

D. No - New security

E. N/A - unlisted security

F. Yes 

G. No - New security

H. No - New security

5

Issue price or consideration

A. $0.50

B. $0.50

C. Nil - Free attaching options on the basis of 1 option for every 2 shares issued

D. Nil - Free attaching options on the basis of 1 option for every 2 shares issued

E. Nil - Option issued as consideration to Advisor on transaction completion

F. $0.50

G. Nil - Free attaching options on the basis of 1 option for every 2 shares issued

H. Nil - To be issued to Directors as a performance incentive 

6

Purpose of the issue

(If issued as consideration for the acquisition of assets, clearly identify those assets)

To provide funding for completion of a Feasibility Study on the Company's Salamanca Regional Uranium Project and for general working capital.

7

Dates of entering +securities into uncertificated holdings or despatch of certificates

TBA - Placement subject to receipt of approval of the Spanish Council of Ministers for the transaction announced on 10 December 2008, and in part subject to shareholder approval. Rights Issue to be completed following settlement of the Placement. 

Number

+Class

8

Number and +class of all +securities quoted on ASX (including the securities in clause 2 if applicable)

123,471,279

12,939,792

Ordinary shares

$0.75 Options

Number

+Class

9

Number and +class of all +securities not quoted on ASX (including the securities in clause 2 if applicable)

10,600,000

2,500,000

2,160,000

787,500

$0.70 Options

$1.00 Unlisted Options

$1.86 Incentive Options

$1.00 Incentive Options

10

Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests)

Not applicable

11

Is security holder approval required?

No -  However Rights Issue will only be completed upon settlement of the Placement, which is partially subject to shareholder approval

12

Is the issue renounceable or non-renounceable?

Non-renounceable 

13

Ratio in which the +securities will be offered

1 for 20

14

+Class of +securities to which the offer relates

Ordinary shares

15

+Record date to determine entitlements

To be determined following shareholder approval of the Placement

16

Will holdings on different registers (or subregisters) be aggregated for calculating entitlements?

Yes

17

Policy for deciding entitlements in relation to fractions

Rounded down

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.

TBA

19

Closing date for receipt of acceptances or renunciations

Not applicable

20

Names of any underwriters

Not applicable

21

Amount of any underwriting fee or commission

Not applicable

22

Names of any brokers to the issue

Not applicable

23

Fee or commission payable to the broker to the issue

Not applicable

24

Amount of any handling fee payable to brokers who lodge acceptances or renunciations on behalf of +security holders

TBA

25

If the issue is contingent on +security holders' approval, the date of the meeting

TBA

26

Date entitlement and acceptance form and prospectus or Product Disclosure Statement will be sent to persons entitled

TBA - Following shareholder approval for the proposed Placement

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

Not applicable

28

Date rights trading will begin (if applicable)

Not applicable

29

Date rights trading will end (if applicable)

Not applicable

30

How do +security holders sell their entitlements in full through a broker?

Not applicable

31

How do +security holders sell part of their entitlements through a broker and accept for the balance?

Not applicable

32

How do +security holders dispose of their entitlements (except by sale through a broker)?

Not applicable

33

+Despatch date

TBA

34

Type of securities 

(tick one)

(a)

Securities described in Part 1

(b)

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

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

38

Number of securities for which +quotation is sought

Not applicable

39

Class of +securities for which quotation is sought

Not applicable

40

Do the +securities 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:

Not applicable

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)

Not applicable

Number

+Class

42

Number and +class of all +securities quoted on ASX (including the securities in clause 38) 

Not applicable