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VERITY RESOURCES LIMITED — Capital/Financing Update 2021
May 31, 2021
66020_rns_2021-05-31_612b699d-0662-4031-87d1-b7479ebf0044.pdf
Capital/Financing Update
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ASX Code: Si6
ASX Announcement
1 June 2021
Expiry of Quoted Options
Si6 Metals Limited (ASX: Si6 or the Company) advises that it has 100,687,654 quoted options exercisable at $0.015 due for expiry on 1 July 2021 (SI6OC Options).
The Company provides the following information in relation to the SI6OC Options:
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The number of SI6OC Options to which this notice applies is 100,687,654.
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Each SI6OC Option entitles the holder to receive on exercise of the option, one fully paid ordinary share in the Company. If all options were exercised, 100,687,654 fully paid ordinary shares would be issued.
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The exercise price of each SI6OC Options is $0.015.
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The due date for payment of the exercise price is 5pm (WST) on 1 July 2021.
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If payment is not received by 5pm (WST) on 1 July 2021, the SI6OC Options will expire with no value and no further entitlement will exist.
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Official quotation of SI6OC Options will cease on 25 June 2021.
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The latest available market sale price on the Australian Securities Exchange Limited before the date of this notice for fully paid ordinary shares in SI6 Metals Limited (ASX: SI6) being the underlying securities to which the SI6OC Options relate to was $0.012 on 31 May 2021.
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The highest and lowest market price for fully paid ordinary shares in SI6 being, the underlying securities to which the SI6OC Options relate to during the three months immediately before the date of this notice were as follows:
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Highest Price: $0.02 on 15 January 2021;
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Lowest Price: $0.001 on 17 May 2021.
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No underwriting agreement exists in respect of the SI6OC Options.
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No option expiry notice will not be sent to holders SI6OC Options.
If Optionholders have any queries in relation to exercising their SI6OC Options, please contact the Company on (08) 6559 1792.
Authorised for and on behalf of the Board,
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Mauro Piccini, Company Secretary
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ASX Announcement
The Company’s current capital structure is as follows:
| Number | Details |
|---|---|
| 1,393,012,764 | Fully paid ordinaryshares |
| 100,687,654 | Quoted Options@ $0.015 EXP 1/7/2021(SI6OC) |
| 160,262,615 | Quoted Options@ $0.008 EXP 1/7/2022(SI6OD) |
| 28,937,500 | Unquoted Options@ $0.008 EXP 01/07/2022 |
| 3,000,000 | Unquoted Options@ $0.02 EXP 13/10/2022 |
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ASX Announcement
Appendix A: Quoted Option Expiry Timetable
| Event | Time Limits | +Business day | Date |
|---|---|---|---|
| ASX Announcement. | not more than 30 +business days before the conversion or expiry date and at least 20 +business days before the conversion or expiry date |
0 | 1 June 2021 |
| Entity applies for+quotation (Appendix 3B). |
at least 2+business days before trading on a +deferred settlement basis |
14 | 23 June 2021 |
| +Quotation of+convertible securities ends at close of trading, unless there is a later maturitydate. |
4+business days before the conversion or expiry date |
16 | 25 June 2021 |
| +Quotation of the+underlying securities quoted on a+deferred settlement basis, if the +convertible securities are “in the money” and the conversion ratio is fixed. |
3+business days before the conversion or expiry date |
17 | 28 June 2021 |
| Conversion date or options expire. |
20 | 1 July 2021 | |
| +Issue date.+Deferred settlement trading ends. Entity issues+underlying securities. Last day for entity to confirm to ASX all information required by Appendix 2A. Note: normal trading (T+2) starts in the underlying securities on the next business day after the issue date (i.e. day 36). Settlement of on-market trades conducted on a deferred settlement basis and the first settlement of trades conducted on a T+2 basis occurs 2 business days after T+2 trading starts (i.e. day 38). |
not more than 10 +business days after the conversion or expiry date |
30 | 15 July 2021 |
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ASX Announcement
ASX CODE: Si6
DIRECTORS
Patrick Holywell Executive Chairman
Steve Groves Technical Director
This announcement has been approved for release by the Executive Chairman of Si6 Metals Ltd, Mr Patrick Holywell.
For further information please contact:
Patrick Holywell Executive Chairman M: +61 (0)401 407 357 [email protected]
Victoria Humphries Investor Relations M: +61 (0)431 151 676 [email protected]
Joshua Letcher Non-Executive Director
Mauro Piccini Company Secretary
CONTACT
Suite 2, Level 1 1 Altona Street West Perth WA Australia 6005
+61 (0)8 6559 1792
[email protected] si6metals.com
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