1 Jun 2018 07:05
Rule 3.19A.2
Appendix 3Y
Change of Director's Interest Notice
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 30/09/01 Amended 01/01/11
Name of entity Prairie Mining Limited |
ABN 23 008 677 852 |
We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.
| Name of Director | Carmel Daniele |
Date of last notice | 25 August 2017 |
Part 1 - Change of director's relevant interests in securities
In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust
Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.
Direct or indirect interest | Indirect |
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest. | Controller of CD Capital Natural Resources Fund III LP |
Date of change | 30 May 2018 |
No. of securities held prior to change | A. Nil B. Nil C. 44,776,120 D. 5,711,804 |
Class | A. Ordinary fully paid shares B. Unlisted options exercisable at $0.60 each on or before 30 May 2021 C. Convertible loan note convertible into ordinary shares at $0.335 per share with no expiry date D. Convertible loan note convertible into ordinary shares at $0.46 per share with no expiry date |
Number acquired | A. 44,776,120 B. 22,388,060 C. Nil D. Nil |
Number disposed | A. Nil B. Nil C. (44,776,120) D. Nil |
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation | See nature of change below |
No. of securities held after change | A. 44,776,120 B. 22,388,060 C. Nil D. 5,711,804 |
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back | Conversion of the convertible loan note with a principal amount of $15,000,000, exchangeable into 44,776,120 ordinary shares at a conversion price of $0.335 per share and the subsequent issue of unlisted options on conversion of convertible note |
Part 2 - Change of director's interests in contracts
Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.
Detail of contract | Convertible Loan Note Instruments |
Nature of interest | Controller of CD Capital Natural Resources Fund III LP (holder of right to acquire shares of Prairie Mining Limited pursuant to the above and below contracts). |
Name of registered holder (if issued securities) | CD Capital Natural Resources Fund III LP |
Date of change | 30 May 2018 |
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed | Right of CD Capital Natural Resources Fund III LP to acquire 44,776,119 ordinary shares and 21,388,060 $0.60 unlisted options which may result in the issue of an additional 21,388,060 ordinary shares ("Loan Note 1")
Right of CD Capital Natural Resources Fund III LP to acquire 5,711,804 ordinary shares in the Company pursuant to an investment agreement and convertible loan note instrument |
Interest acquired | Nil |
Interest disposed | Loan Note 1 |
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation | Not applicable |
Interest after change | Right of CD Capital Natural Resources Fund III LP to acquire 5,711,804 ordinary shares in the Company pursuant to an investment agreement and convertible loan note instrument |
Part 3 - +Closed period
Were the interests in the securities or contracts detailed above traded during a +closed period where prior written clearance was required? | Not applicable |
If so, was prior written clearance provided to allow the trade to proceed during this period? | Not applicable |
If prior written clearance was provided, on what date was this provided? | Not applicable |
Initial notification/Amendment | Initial |
LEI | 213800EHCGNYSCN9T108 |
Place of transaction | Australian Securities Exchange (ASX) |