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7 Sep 2012 07:00
7 September 2012
Company Announcements Office
ASX Limited
4th Floor
20 Bridge Street
Sydney NSW 2000
Dear Sirs
Appendix 3B
Oilex Ltd (the "Company") refers to the Entitlement Offer Prospectus and the associated Appendix 3B issued 6 August 2012, wherein the Company advised that it would be issuing 101,329,954 ordinary shares and 50,664,977 ASX listed options on 7th September 2012.
The Company also refers to the General Meeting results announcement issued 7 September 2012, where shareholders approved and authorised the issue of 101,329,954 Underwriter Options in relation to the Entitlement Offer.
The attached Appendix 3B advises of the issue of the following:
·; 101,329,954 ASX Listed Options with an exercise price of $0.15 expiring 7 September 2015 being the underwriter and sub-underwriter options approved by shareholders at the General Meeting.
·; 40 ASX Listed Options with an exercise price of $0.15 expiring 7 September 2015 being the additional options issued due to the rounding up of options to be issued following the close of the entitlement offer and reconciliation of shareholder acceptances received.
The Company has in total allotted the following securities in relation to the fully underwritten entitlement offer.
101,329,954 Ordinary Shares, and
50,665,017 ASX Listed Options under the Entitlement Offer, and
101,329,954 ASX Listed Underwriter Options
As set out in the attached Appendix 3B the Company's total number of shares on issue is 354,654,839 and the total number of ASX Listed Options on issue is 151,994,971.
For and on behalf of Oilex Ltd
Ben Clube
Finance Director / Company Secretary
cc: Directors - BMc/RB/MC/SB/RM
Rule 2.7, 3.10.3, 3.10.4, 3.10.5
Appendix 3B
New issue announcement,application for quotation of additional securitiesand 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 1/7/96. Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/2001, 11/3/2002, 1/1/2003, 24/10/2005, 01/08/2012.
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 issued or to be issued
| Listed Options |
2. | Number of +securities issued or to be issued (if known) or maximum number which may be issued
|
(a) 101,329,954 listed options
(b) 40 listed options (due to rounding see Appendix 3B dated 6 August 2012) |
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) |
Options with an exercise price of $0.15 expiring on 7 September 2015 |
| ||||||
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: ·; 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 |
Yes |
| |||
|
| |||||
5. | Issue price or consideration
| (a) Underwriter Options issued for no additional consideration pursuant to an Underwriting Agreement with Patersons Securities Limited
(b) Nil - Listed options issued after rounding up of shares issued under the entitlement offer as per the Appendix 3B issued 6 August 2012 |
| |||
| ||||||
6. | Purpose of the issue (If issued as consideration for the acquisition of assets, clearly identify those assets)
| (a) Underwriter Options issued as part consideration pursuant to the Renounceable Rights Issue Underwriting Agreement with Patersons Securities Limited following approval of Resolution 1 at General Meeting 7 September 2012
(b) Listed options issued after rounding up of shares issued under the entitlement offer as per the Appendix 3B issued 6 August 2012 | ||||
| ||||||
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 | No |
| |||
| ||||||
6b | The date the security holder resolution under rule 7.1A was passed | N/A |
| |||
| ||||||
6c | Number of +securities issued without security holder approval under rule 7.1 | N/A |
| |||
| ||||||
6d | Number of +securities issued with security holder approval under rule 7.1A | N/A | ||||
| ||||||
6e | Number of +securities issued with security holder approval under rule 7.3, or another specific security holder approval (specify date of meeting)
| N/A | ||||
| ||||||
6f | Number of securities issued under an exception in rule 7.2 | N/A | ||||
| ||||||
6g | If 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 | N/A | ||||
| ||||||
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 | N/A | ||||
| ||||||
7. | Dates of entering +securities into uncertificated holdings or despatch of certificates
|
Allotment date 7 September 2012 | ||||
| ||||||
Number | +Class | |||||
8. | Number and +class of all +securities quoted on ASX (including the securities in clause 2 if applicable)
|
354,654,839
151,994,971 |
Ordinary Shares
Options | |||
Number | +Class | |||
9. | Number and +class of all +securities not quoted on ASX (including the securities in clause 2 if applicable)
|
2,000,000 16,687,500 75,000 4,150,000 8,737,500 75,000
|
$0.30 Options due 15/09/2012 $0.30 Options due 10/11/2012 $0.50 Options due 01/08/2013 $0.30 Options due 01/07/2014 $0.37 Options due 10/11/2014 $0.63 Options due 01/08/2015
| |
2008 Performance Rights
| ||||
22,000 | Tranche 3 expire 1/07/2013 | |||
10. | Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests) |
N/A | ||
Part 2 ‑ Bonus issue or pro rata issue [Item 11 to 33 - Not Applicable]
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) | 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 | |
Entities that have ticked box 34(a) [Items 35 to 42 - Not Applicable]
Additional securities forming a new class of securities
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.
·; We warrant that if confirmation is required under section 1017F of the Corporations Act in relation to the +securities to be quoted, it has been provided 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.
Sign here: .............................................. Date: 7 September 2012
(Finance Director / Company Secretary)
Print name: Ben Clube
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