Global Energy Ventures : Update - Proposed issue of securities - GEV
GEV.AX
Proposed issue of securities
Update Summary
For personal use only
Entity name
GLOBAL ENERGY VENTURES LIMITED
Announcement Type
Update to previous announcement
Date of this announcement
2/12/2021
Reason for update to a previous announcement
Share Purchase Plan closing date has been extended to Monday, 13 December 2021 and subsequent key dates have also been extended.
Refer to next page for full details of the announcement
Proposed issue of securities
1 / 10
Proposed issue of securities
Part 1 - Entity and announcement details
For personal use only
1.1 Name of +Entity
GLOBAL ENERGY VENTURES LIMITED
We (the entity named above) give ASX the following information about a proposed issue of +securities and, if ASX agrees to +quote any of the +securities (including any rights) on a +deferred settlement basis, we agree to the matters set out in Appendix 3B of the ASX Listing Rules.
If the +securities are being offered under a +disclosure document or +PDS and are intended to be quoted on ASX, we also apply for quotation of all of the +securities that may be issued under the +disclosure document or +PDS on the terms set out in Appendix 2A of the ASX Listing Rules (on the understanding that once the final number of +securities issued under the +disclosure document or +PDS is known, in accordance with Listing Rule 3.10.3C, we will complete and lodge with ASX an Appendix 2A online form notifying ASX of their issue and applying for their quotation).
1.2
Registered Number Type
Registration Number
ABN
53109213470
1.3
ASX issuer code
GEV
1.4 The announcement is
Update/amendment to previous announcement
1.4a Reason for update to a previous announcement
Share Purchase Plan closing date has been extended to Monday, 13 December 2021 and subsequent key dates have also been extended.
1.4b Date of previous announcement to this update
11/11/2021
1.5 Date of this announcement
2/12/2021
1.6 The Proposed issue is:
An offer of +securities under a +securities purchase plan
A placement or other type of issue
Proposed issue of securities
2 / 10
Proposed issue of securities
Part 4 - Details of proposed offer under securities purchase plan
Part 4A - Conditions
For personal use only
4A.1 Do any external approvals need to be obtained or other conditions satisfied before the offer of +securities under the +securities purchase plan issue can proceed on an unconditional basis?
No
Proposed issue of securities
3 / 10
Proposed issue of securities
Part 4B - Offer details
Class or classes of +securities that will participate in the proposed issue and class or classes of +securities proposed to be issued
only
ASX +security code and description
GEV : ORDINARY FULLY PAID
Will the proposed issue of this
+security include an offer of
attaching +securities?
use
No
D tails of +securities proposed to be issued
ASX +security code and description
GEV : ORDINARY FULLY PAID
Maximum total number of those +securities that could be issued
if all offers under the +securities purchase plan are accepted
personal
16,000,000
Will the offer be conditional on applications for a minimum
number of +securities being received or a minimum amount
being raised (i.e. a minimum subscription condition)?
No
Will the offer be conditional on applications for a maximum
number of +securities being received or a maximum amount
being raised (i.e. a maximum subscription condition)?
No
Will individual security holders be required to accept the offer for
a minimum number or value of +securities (i.e. a minimum
acceptance condition)?
Yes
Is the minimum acceptance unit based or dollar based?
Dollar based ($)
For
Please enter the minimum acceptance value
$ 2,500
Will individual security holders be limited to accepting the offer
for a maximum number or value of +securities (i.e. a maximum
acceptance condition)?
Yes
Is the maximum acceptance unit based or dollar based?
Dollar based ($)
Please enter the maximum acceptance value
$ 30,000
Proposed issue of securities
4 / 10
Proposed issue of securities
Describe all the applicable parcels available for this offer in number of securities or dollar value
The offer will allow eligible holders to subscribe for one of the following parcels: $2,500, $5,000, $10,000, $20,000, $25,000, and $30,000
Offer price details
only
Has the offer price been determined?
Yes
In what currency will the offer
What is the offer price per
be made?
+security?
AUD - Australian Dollar
AUD 0.12500
use
Oversubscription & Scale back details
Will a scale back be applied if the offer is over-subscribed?
Yes
Describe the scale back arrangements
The Company may scale back applications at its absolute discretion. Each applicant will be treated
equally and scaled back on a pro rata basis based on the applicant¿s pro rata percentage of the total
amount applied for under the SPP, irrespective of their holding on the Record Date.
personal
Will these +securities rank equally in all respects from their issue date with the existing issued
+securities in that class?
Yes
Part 4C - Timetable
4C.1 Date of announcement of +security purchase plan
11/11/2021
4C.2 +Record date
10/11/2021
For
4C.3 Date on which offer documents will be made available to investors
22/11/2021
4C.4 Offer open date 22/11/2021
4C.5 Offer closing date 13/12/2021
4C.7 +Issue date and last day for entity to announce results of +security purchase plan offer
17/12/2021
Proposed issue of securities
5 / 10
This is an excerpt of the original content. To continue reading it, access the original document here.
Disclaimer
Global Energy Ventures Ltd. published this content on 02 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 December 2021 08:00:05 UTC.