AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

Sign up Log in

INVION LIMITED Capital/Financing Update 2015

Aug 31, 2015

65148_rns_2015-08-31_7dd130df-b36d-4e9f-8d14-bc33f47ca7cb.pdf

Capital/Financing Update

Open in viewer

Opens in your device viewer

ASX / MEDIA ANNOUNCEMENT

==> picture [161 x 76] intentionally omitted <==

1 September 2015

Notice under section 708A Corporations Act

Invion Limited (ASX Code: IVX)

Reference is made to the release today to the ASX relating to the placement by Invion Limited ( Company ) to an institutional US investor of:

71,500,000 fully paid ordinary shares ( Shares ) at an issue price of AU$0.014 per Share;
12-month options to purchase an aggregate of 51,500,000 ordinary shares at an exercise price of AU$0.014 per share ("First Options");
12-month options to purchase an aggregate of 91,500,000 ordinary shares at an exercise price of AU$0.014 per share ("Second Options"); and
5-year options to purchase an aggregate of 35,750,000 ordinary shares at an exercise price of AU$0.0175 per share ("Third Options").

Subject to receipt of payment, it is anticipated that the Shares and First Options, capable of issue within the Company’s existing placement capacity, under ASX Listing Rules 7.1 and 7.1A, will be issued on Thursday, 3 September 2015. The Second Options and Third Options will be issued within one business day of the Company obtaining shareholder approval under ASX Listing Rule 7.1.

For the purposes of section 708A(5)(e) of the Corporations Act 2001 (Cth) ( Corporations Act ), the Company confirms that:

(a) the Company will issue the Shares without disclosure to investors under part 6D.2 of the Corporations Act;
(b) as at the date of this notice the Company has complied with the provisions of Chapter 2M of the Corporations Act as they apply to the Company and section 674 of the Corporations Act; and
(c) as at the date of this notice there is no information which is “excluded information” (as defined in section 708A(7) of the Corporations Act) which is required to be disclosed by the Company.