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COMPLII FINTECH SOLUTIONS LTD — Capital/Financing Update 2020
Oct 12, 2020
64639_rns_2020-10-12_64c8c2cb-8a49-4d9c-8c1a-c16439da8628.pdf
Capital/Financing Update
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Proposed issue of securities
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Announcement Summary
Entity name
INTIGER GROUP LIMITED
Announcement Type
New announcement
Date of this announcement
Tuesday October 13, 2020
The Proposed issue is:
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A placement or other type of issue
Total number of +securities proposed to be issued for a placement or other type of issue
Maximum Number of ASX +security code +Security description +securities to be issued IAM ORDINARY FULLY PAID 11,200,000,000
Proposed +issue date
Monday November 30, 2020
Refer to next page for full details of the announcement
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Proposed issue of securities
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Part 1 - Entity and announcement details
1.1 Name of +Entity
INTIGER GROUP 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.
1.2 Registered Number Type
ACN
Registration Number
098238585
1.3 ASX issuer code
IAM
1.4 The announcement is
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New announcement
1.5 Date of this announcement
Tuesday October 13, 2020
1.6 The Proposed issue is:
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A placement or other type of issue
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Proposed issue of securities
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Part 7 - Details of proposed placement or other issue
Part 7A - Conditions
7A.1 - Are any of the following approvals required for the placement or other type of issue? +Security holder approval Court approval Lodgement of court order with +ASIC ACCC approval FIRB approval Another approval/condition external to the entity Yes
7A.1a Conditions
| Approval/Condition | Date for determination | Is the date estimated or | ** Approval |
|---|---|---|---|
| +Security holder approval | Wednesday November 25, | actual? | received/condition met? |
| 2020 | Estimated |
Comments
To assist the Company to re-comply with Chapters 1 and 2 of the Listing Rules the Company plans, subject to Shareholder approval, the Company will conduct a capital raising through the issue of a maximum of 11,200,000,000 Shares at an issue price of AUD0.000625 (140,000,000 Shares at an issue price of AUD0.05 on a post-consolidation basis).
Part 7B - Issue details
Is the proposed security a 'New Will the proposed issue of this class' (+securities in a class that is +security include an offer of not yet quoted or recorded by ASX) attaching +securities? or an 'Existing class' (additional No securities in a class that is already quoted or recorded by ASX)? Existing class
Details of +securities proposed to be issued
ASX +security code and description
IAM : ORDINARY FULLY PAID
Number of +securities proposed to be issued
11,200,000,000
Offer price details
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Proposed issue of securities
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Are the +securities proposed to be issued being issued for a cash consideration? Yes
In what currency is the cash What is the issue price per consideration being paid? +security? AUD - Australian Dollar AUD 0.00060
Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class? Yes
Part 7C - Timetable
7C.1 Proposed +issue date
Monday November 30, 2020
Part 7D - Listing Rule requirements
7D.1 Has the entity obtained, or is it obtaining, +security holder approval for the entire issue under listing rule 7.1? Yes
7D.1a Date of meeting or proposed meeting to approve the issue under listing rule 7.1 Wednesday November 25, 2020
7D.2 Is a party referred to in listing rule 10.11 participating in the proposed issue? No
7D.3 Will any of the +securities to be issued be +restricted securities for the purposes of the listing rules? No
7D.4 Will any of the +securities to be issued be subject to +voluntary escrow? No
Part 7E - Fees and expenses
7E.1 Will there be a lead manager or broker to the proposed issue? Yes
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Proposed issue of securities
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7E.1a Who is the lead manager/broker?
Euroz Securities Ltd
7E.1b What fee, commission or other consideration is payable to them for acting as lead manager/broker?
In consideration for its services, the Company has agreed:
subject to obtaining Shareholder approval, to issue Euroz (or its nominees) 4,000,000 Facilitation Shares (on a
post-Consolidation basis) in consideration for introducing the Proposed Acquisition to the Company and assisting with its implementation;
pay Euroz a lead management fee of 2% of all funds raised under the Public Offer (being a fee of between $100,000 and $140,000); and
pay Euroz a placement fee of 4% of all funds raised under the Public Offer (being a fee of between $200,000 and $280,000).
7E.2 Is the proposed issue to be underwritten?
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No
7E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed issue
Intiger has agreed to pay Michael Carter a $50,000 fee in consideration for introducing the Proposed Acquisition to the Company and assisting with its implementation. Subject to Intiger Shareholder approval being obtained, the fee will be payable in Shares at the relisting price of $0.05 (1,000,000 Facilitation Shares, on a post-Consolidation basis).
Part 7F - Further Information
7F.01 The purpose(s) for which the entity is issuing the securities
The Company intends to utilise the funds raised to: introduce new service modules and develop existing; marketing and promotional activities; undertake the gap analysis to adapt to the needs of international markets. See ASX announcement of 5 Oct 2020.
7F.1 Will the entity be changing its dividend/distribution policy if the proposed issue proceeds? No
7F.2 Any other information the entity wishes to provide about the proposed issue
All dates are estimates:
The securities will be offered under a prospectus to be lodged with ASIC on 2 November 2020. The public offer opens on 2 November 2020 and closes on 27 November 2020.
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