RED METAL LIMITED ASX ANNOUNCEMENT 23 NOVEMBER 2015
ACN 103 367 684
ASX Code: RDM
Red Metal Limited
is a minerals exploration company focused on the exploration, evaluation and development of Australian copper-gold and basemetal deposits.
Issued Capital:
174,771,919
Ordinary shares
8,225,000
Unlisted options
Directors:
Rob Rutherford
Managing Director
Russell Barwick
Chairman
Joshua Pitt
Non-executive Director
RED METAL LIMITED
Level 15
323 Castlereagh Street
Sydney NSW 2000
Ph: +61 2 9281 1805
Fax: +61 2 9281 5747
info@redmetal.com.au www.redmetal.com.au
ISSUE OF INCENTIVE OPTIONS
In accordance with resolutions passed at the Company's Annual General Meeting held on 19 November 2015, the Company has issued a total of 1,200,000 options exercisable at 5 cents and expiring on 22 November 2018 to the Directors (comprising 600,000 options to Mr Rutherford and 300,000 options to each of Mr Barwick and Mr Pitt). The options are exercisable in two tranches, with 50% being exercisable at any time from the date of issue, and 50% being exercisable after 22 November 2016.
In addition, the Directors have issued 1,225,000 options exercisable at 5 cents and expiring on 22 November 2018 to technical and administrative staff. The options are exercisable in two tranches, with 50% being exercisable at any time from the date of issue, and 50% being exercisable after 22 November 2016. These incentive options are issued pursuant to the Company's 15% capacity under the Australian Securities Exchange Listing Rules.
An Appendix 3B is attached.
Queensland Explorer of the Year 2013
Appendix 3BRule 2.7, 3.10.3, 3.10.4, 3.10.5
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 01/07/96 Origin: Appendix 5 Amended 01/07/98, 01/09/99, 01/07/00, 30/09/01, 11/03/02, 01/01/03, 24/10/05, 01/08/12
Name of entity
ACN
103 367 684
We (the entity) give ASX the following information.
You must complete the relevant sections (attach sheets if there is not enough space).
Options
1 +Class of +securities issued or to be issued
2,425,000
Number of +securities issued or to be issued (if known) or maximum number which may be issued
Exercisable at 5 cents on or before 22 November 2018
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)
Appendix 3B
New issue announcement
No
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
Nil
Issue price or consideration
Incentive options to directors and staff
Purpose of the issue
(If issued as consideration for the acquisition of assets, clearly identify those assets)
Yes.
6a Is the entity an +eligible entity that has obtained security holder approval under rule 7.1A?
If Yes, complete sections 6b - 6h in relation to the +securities the subject of this Appendix 3B, and comply with section 6i
19 November 2015.
6b The date the security holder resolution under rule 7.1A was passed
1,225,000
6c Number of +securities issued without security holder approval under rule 7.1
Nil
6d Number of +securities issued with security holder approval under rule 7.1A
+ See chapter 19 for defined terms.
Appendix 3B Page 2 01/08/2012
1,200,000 options issued pursuant to rule 10.11 and in accordance with resolutions passed at the Company's Annual General Meeting held on 19 November 2015.
6e Number of +securities issued with security holder approval under rule 7.3, or another specific security holder approval (specify date of meeting)
Appendix 3B New issue announcement
Nil
6f Number of securities issued under an exception in rule 7.2
N/A
6g If securities issued under rule 7.1A, was issue price at least 75% of 15 day VWAP as calculated under rule 7.1A.3? Include the issue date and both values. Include the source of the VWAP calculation.
N/A
6h If securities were issued under rule 7.1A for non-cash consideration, state date on which valuation of consideration was released to ASX Market Announcements
24,990,788 - 15% capacity
17,477,192 - 10% capacity.
6i Calculate the entity's remaining issue capacity under rule 7.1 and rule 7.1A - complete Annexure 1 and release to ASX Market Announcements
24 November 2015
Dates of entering +securities into uncertificated holdings or despatch of certificates
Number
+Class
174,771,919
Ordinary fully paid shares (RDM)
Number and +class of all
+securities quoted on ASX (including the securities in section 2 if applicable)
+ See chapter 19 for defined terms.
01/08/2012 Appendix 3B Page 3
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