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PACIFIC RESOURCES LIMITED Capital/Financing Update 2009
65638_rns_2009-06-25_aa0a56e1-ed77-450d-b5fd-d7020297e5b7.pdf
Capital/Financing Update
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Rule 2.7, 3.10.3, 3.10.4, 3.10.5
Appendix 3B
New issue announcement, application for quotation of additional securities and agreement
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 1/7/96. Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/2001, 11/3/2002, 1/1/2003, 24/10/2005.
Name of entity
LODESTONE EXPLORATION LIMITED
ABN
20 075 877 075
We (the entity) give ASX the following information.
Part 1 - All issues
You must complete the relevant sections (attach sheets if there is not enough space).
| 1 | +Class of +securities issued or to beissued | (a)Fully Paid Shares(b)Unlisted Options(c)Unlisted Options(d)Performance Rights(e)Performance Rights |
|---|---|---|
| 2 | Number of +securities issued or tobe issued (if known) or maximumnumber which may be issued | (a)11,000,000 Fully Paid Shares(b)11,000,000 Unlisted Options(c)2,000,000 Unlisted Options(d)10,000,000 Unlisted Performance Rights |
(e) 10,000,000 Unlisted Performance Rights
+ See chapter 19 for defined terms.
- 3 Principal terms of the +securities (eg, if options, exercise price and expiry date; if partly paid +securities, the amount outstanding and due dates for payment; if +convertible securities, the conversion price and dates for conversion)
- (a) Pari Passu with existing shares
- (b)Options are exercisable at 20 cents and expire on 26 June 2011. Each option entitles holder to receive on fully paid ordinary share and 1 unlisted piggyback option which is exercisable at 50 cents each and expire 24 months from date of issue.
- (c) Options are exercisable at 7 cents and expire on 26 June 2011.
- (d)Rights vesting if market capitalisation is $50m for a continuous period of five or more trading days
- (e) Rights vesting if volume weighted average share price is at least 25 cents for a continuous trading period of five trading days
+ See chapter 19 for defined terms.
(a) Pari Passu with existing ordinary shares (b) Shares issued on exercise of options will rank Pari Passu with existing ordinary shares, but piggyback options issued on exercise of options will be unlisted and are not eligible to
(c) Shares issued on exercise of options will rank Pari Passu with existing
(d) Shares issued on exercise of rights will rank Pari Passu with existing ordinary
(e) Shares issued on exercise of rights will rank Pari Passu with existing ordinary
participate in dividends.
ordinary shares
shares
shares
(b) $ Nil (c) $ Nil (d) $ Nil (e) $ Nil
4 Do the +securities rank equally in all respects from the date of allotment with an existing +class of quoted +securities?
If the additional securities do not rank equally, please state:
- the date from which they do
- the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment
- the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment
- 5 Issue price or consideration (a) $0.10 each
- 6 Purpose of the issue (If issued as consideration for the acquisition of assets, clearly identify those assets)
- Placement shares to raise funds for exploration program. All securities are issued following approval by shareholders at General Meeting held on 26 June 2009
- 7 Dates of entering +securities into uncertificated holdings or despatch of certificates
26 June 2009
| Number | +Class | ||||
|---|---|---|---|---|---|
| 8 | +classNumberandofall+securitiesquotedonASX(including the securities in clause2 if applicable) | 201,409,529 | LOD– | FullyPaidShares |
+ See chapter 19 for defined terms.
| Number | +Class | ||
|---|---|---|---|
| 9 | +classNumberandofall | 501,000 | Options –unlisted exercisable |
| +securities not quoted on ASX | at 20 cents expiring | ||
| (including the securities in clause | 27/1/2011 | ||
| 2 if applicable) | 10,000,000 | Options – unlisted exercisable | |
| at 7 cents expiring | |||
| 10/9/2010 | |||
| 2,000,000 | Options – unlisted exercisableat 7 cents expiring 8/4/2011 | ||
| 9,000,000 | Options – unlisted exercisable | ||
| at 20 cents expiring | |||
| 15/5/2011 | |||
| 11,000,000 | Options – unlisted exercisable | ||
| at 20 cents expiring | |||
| 26/6/2011 | |||
| 2,000,000 | Options – unlisted exercisable | ||
| at 7 cents expiring26/6/2011 | |||
| 10,000,000 | Rights subject to market | ||
| capitalisation vesting | |||
| conditions | |||
| 10,000,000 | Rights subject to share price | ||
| vesting conditions |
10 Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests)
| N/A | |||
|---|---|---|---|
Part 2 - Bonus issue or pro rata issue
| 11 | Is security holder approval required? | |
|---|---|---|
| 12 | Istheissuerenounceableornonrenounceable? | |
| 13 | Ratio in which the +securities will beoffered | |
| 14 | +Class of +securities to which the offerrelates | |
| 15 | +Record date to determine entitlements | |
| 16 | Will holdings on different registers (orsubregisters) be aggregated for calculatingentitlements? | |
| 17 | Policy for deciding entitlements in relationto fractions |
+ See chapter 19 for defined terms.
18 Names of countries in which the entity has +security holders who will not be sent new issue documents
Note: Security holders must be told how their entitlements are to be dealt with.
Cross reference: rule 7.7.
19 Closing date for receipt of acceptances or renunciations
+ See chapter 19 for defined terms.
Appendix 3B New issue announcement
| 20 | Names of any underwriters | |
|---|---|---|
| 21 | Amount of any underwriting fee orcommission | |
| 22 | Names of any brokers to the issue | |
| 23 | Fee or commission payable to thebroker to the issue | |
| 24 | Amountofanyhandlingfeepayabletobrokerswholodgeacceptances or renunciations onbehalf of +security holders | |
| 25 | Iftheissueiscontingenton+securityholders'approval,thedate of the meeting | |
| 26 | Date entitlement and acceptanceform and prospectus or ProductDisclosure Statement will be sent topersons entitled | |
| 27 | If the entity has issued options, andthe terms entitle option holders toparticipate on exercise, the date onwhich notices will be sent to optionholders | |
| 28 | Date rights trading will begin (ifapplicable) | |
| 29 | Date rights trading will end (ifapplicable) | |
| 30 | How do +security holders sell theirentitlementsinfullthroughabroker? | |
| 31 | How do +security holders sell partoftheirentitlementsthroughabroker and accept for the balance? | |
+ See chapter 19 for defined terms.
32 How do +security holders dispose of their entitlements (except by sale through a broker)?
33 +Despatch date
Part 3 - Quotation of securities
You need only complete this section if you are applying for quotation of securities
- 34 Type of securities (tick one)
- (a) X Securities described in Part 1
(b) All other securities
Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities
Entities that have ticked box 34(a)
Additional securities forming a new class of securities
Tick to indicate you are providing the information or documents
35 If the +securities are +equity securities, the names of the 20 largest holders of the additional +securities, and the number and percentage of additional +securities held by those holders
36 If the +securities are +equity securities, a distribution schedule of the additional +securities setting out the number of holders in the categories 1 - 1,000 1,001 - 5,000 5,001 - 10,000 10,001 - 100,000 100,001 and over
37 A copy of any trust deed for the additional +securities
+ See chapter 19 for defined terms.
Entities that have ticked box 34(b)
- 38 Number of securities for which +quotation is sought
- 39 Class of +securities for which quotation is sought
- 40 Do the +securities rank equally in all respects from the date of allotment with an existing +class of quoted +securities?
If the additional securities do not rank equally, please state:
- the date from which they do
- the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment
- the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment
- 41 Reason for request for quotation now
Example: In the case of restricted securities, end of restriction period
(if issued upon conversion of another security, clearly identify that other security)
| Number | +Class | ||
|---|---|---|---|
| 42 | Number and +class of all +securitiesquotedonASX(includingthesecurities in clause 38) | ||
- See chapter 19 for defined terms.
Quotation agreement
- 1 +Quotation of our additional +securities is in ASX's absolute discretion. ASX may quote the +securities on any conditions it decides.
- 2 We warrant the following to ASX.
- The issue of the +securities to be quoted complies with the law and is not for an illegal purpose.
- There is no reason why those +securities should not be granted +quotation.
- An offer of the + securities for sale within 12 months after their issue will not require disclosure under section 707(3) or section 1012C(6) of the Corporations Act.
Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty
- Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any +securities to be quoted and that no-one has any right to return any +securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the +securities be quoted.
- If we are a trust, we warrant that no person has the right to return the +securities to be quoted under section 1019B of the Corporations Act at the time that we request that the +securities be quoted.
- 3 We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement.
- 4 We give ASX the information and documents required by this form. If any information or document not available now, will give it to ASX before +quotation of the +securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete.
Sign here: ............................................................ Date: 26 June 2009 (Company secretary)
== == == == ==
Print name: Leni Stanley
+ See chapter 19 for defined terms.