AI assistant
IMAGE RESOURCES NL — Share Issue/Capital Change 2020
Oct 13, 2020
65117_rns_2020-10-13_3c89ccf2-f0d8-41bb-9e68-1f6db4671d6d.pdf
Share Issue/Capital Change
Open in viewerOpens in your device viewer
==> picture [122 x 84] intentionally omitted <==
14 October 2020
NOTIFICATION OF CANCELLATION OF SHARES
Pursuant to Listing Rule 3.8A, Image Resources NL ( ASX: IMA ) attaches a copy of ASIC Form 484 lodged today in relation to the cancellation of 495,175 fully paid ordinary shares bought back under an employee share scheme buy-back. Completion of the buy-back was notified to ASX on 12 October 2020.
Image Resources Background Information
Image is Australian’s newest mineral sands mining company, operating open-cut mining and ore processing facilities at its 100%-owned, high-grade, zircon-rich Boonanarring Mineral Sands Project located 80km north of Perth, Western Australia, in the infrastructure-rich North Perth Basin. Boonanarring is arguably one of the highest grade, zircon-rich, mineral sands projects in Australia.
The project was constructed and commissioned on-time and on-budget in 2018. Production of HMC commenced December 2018 and ramped-up to exceed name-plate capacity in only the second month of operation (January 2019).
Image completed its inaugural full year (CY2019) of successful operations with performance exceeding targets in all major categories, including significantly higher HMC production and lower operating costs than forecast. CY2019 market guidance was met after being increased twice during the year.
The Company is focused on maintaining its strong operational and health, safety and environmental performance and has prioritised the identification of new Mineral Resources and Ore Reserves, within economic pumping distance of the current wet concentration plant, to extend the mine life at Boonanarring.
This document is authorised for release to the market by:
Dennis Wilkins Company Secretary +61 8 9485 2410 [email protected] www.imageres.com.au
Image Resources NL | ABN 57 063 977 579 Ground Floor, 23 Ventnor Ave West Perth WA 6005 | PO Box 469 West Perth WA 6872 T: 08 9485 2410 www.imageres.com.au
Page 1 of 1
Australian Securities & Investments Commission
Electronic Lodgement
Document No. 7EBB32301
Lodgement date/time: 14-10-2020 16:26:14 Reference Id: 145787276
Form 484 Corporations Act 2001
Change to company details
Company details
Company name IMAGE RESOURCES NL Australian Company Number (ACN) 063 977 579
Lodgement details
Who should ASIC contact if there is a query about this form?
Name
WILKINS,DENNIS
ASIC registered agent number (if applicable) 21479
Signature
This form must be signed by a current officeholder of the company.
I certify that the information in this form is true and complete Name
DENNIS WILLIAM WILKINS
Capacity Secretary
Signature
Date signed 14-10-2020
ASIC Form 484 Ref 14578727614/10/2020
Page 1 of 2
Form 484 - Change to company details IMAGE RESOURCES NLACN063 977 579
C1 Cancellation of shares
Reason for cancellation
Shares cancellation details
| Shares cancellation details | Shares cancellation details | Shares cancellation details | Shares cancellation details |
|---|---|---|---|
| Reason for cancellationss.257H(3) Share buyback - Other buy-backtype. A form 280 or 281 must be lodged atleast 14 days, and no more than 1 year beforethe share buy-back can take placeThe cancelled shares are listed below: | |||
| Share class code | Number of sharescancelled | Amount paid (cashor otherwise) | |
| ORD1 | 495175 | 132211.73 | |
| Earliest Date ofcancellation14-10-2020 |
C3 Change to share structure
The updated details for this changed share class are shown in the table below.
| Share classcode | Full title if not standard | Total number ofshares | Total amount paid onthese shares | Total amount unpaidon these shares |
|---|---|---|---|---|
| ORD1 | ORDINARY SHARES | 979264679 | 109923090.83 | 0.00 |
| Earliest date ofchange14-10-2020 |
ASIC Form 484 Ref 14578727614/10/2020
Page 2 of 2