Update - Proposed issue of securities - CLA
Released
Released
Announcement PDF
Appendix 3B - Proposed issue of securities
Update Summary
Entity name
CELSIUS RESOURCES LIMITED.
Announcement Type
Update to previous announcement
Date of this announcement
18/4/2024
Reason for update to a previous announcement
To amend the number of warrants proposed to be issued to the Companys broker, WH Ireland Limited.
Refer to next page for full details of the announcement
Appendix 3B - Proposed issue of securities
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Appendix 3B - Proposed issue of securities
Part 1 - Entity and announcement details
1.1 Name of +Entity
CELSIUS RESOURCES LIMITED.
We (the entity named above) give ASX the following information about a proposed issue of +securities and, if ASX agrees
to +quote any of the +securities (including any rights) on a +deferred settlement basis, we agree to the matters set out in
Appendix 3B of the ASX Listing Rules.
If the +securities are being offered under a +disclosure document or +PDS and are intended to be quoted on ASX, we also
apply for quotation of all of the +securities that may be issued under the +disclosure document or +PDS on the terms set
out in Appendix 2A of the ASX Listing Rules (on the understanding that once the final number of +securities issued under
the +disclosure document or +PDS is known, in accordance with Listing Rule 3.10.3C, we will complete and lodge with ASX
an Appendix 2A online form notifying ASX of their issue and applying for their quotation).
1.2 Registered Number Type
Registration Number
ABN
95009162949
1.3 ASX issuer code
CLA
1.4 The announcement is
Update/amendment to previous announcement
1.4a Reason for update to a previous announcement
To amend the number of warrants proposed to be issued to the Companys broker, WH Ireland Limited.
1.4b Date of previous announcement to this update
15/4/2024
1.5 Date of this announcement
18/4/2024
1.6 The Proposed issue is:
A placement or other type of issue
Appendix 3B - Proposed issue of securities
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Appendix 3B - Proposed issue of securities
Part 7 - Details of proposed placement or other issue
Part 7A - Conditions
7A.1 Do any external approvals need to be obtained or other conditions satisfied before the placement or other
type of issue can proceed on an unconditional basis?
No
Part 7B - Issue details
Is the proposed security a 'New
class' (+securities in a class that is
not yet quoted or recorded by ASX)
or an 'Existing class' (additional
securities in a class that is already
quoted or recorded by ASX)?
Existing class
Will the proposed issue of this
+security include an offer of
attaching +securities?
Yes
Details of +securities proposed to be issued
ASX +security code and description
CLA : ORDINARY FULLY PAID
Number of +securities proposed to be issued
153,666,663
Offer price details
Are the +securities proposed to be issued being issued for a cash
consideration?
Yes
In what currency is the cash
consideration being paid?
What is the issue price per
+security?
GBP - Pound Sterling
GBP 0.00600
AUD equivalent to issue price amount per +security
0.012000
FX rate (in format AUD 1.00 / primary FX rate (in format AUD rate/primary
currency rate):
currency rate) Primary Currency rate
GBP 0.51993602
AUD 1.00
Will these +securities rank equally in all respects from their issue date with
the existing issued +securities in that class?
Yes
Appendix 3B - Proposed issue of securities
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Appendix 3B - Proposed issue of securities
Attaching +Security
Is the proposed attaching security a 'New class' (+securities in a class that is not yet quoted or recorded by ASX)
or an 'Existing class' (additional +securities in a class that is already quoted or recorded by ASX)?
New class
Attaching +Security - New class (+securities in a class that is not yet quoted or recorded by ASX)
Details of attaching +securities proposed to be issued
ISIN Code (if Issuer is a foreign company and +securities do not have +CDIs issued over them)
Have you received confirmation from ASX that the terms Will the entity be seeking quotation of the 'new' class of
of the proposed +securities are appropriate and
+securities on ASX?
No
equitable under listing rule 6.1?
No
ASX +security code
+Security description
New class-code to be confirmed
Warrants exercisable at GBP0.009 each and expiring 31
December 2026
+Security type
Other
Number of +securities proposed to be issued
153,666,663
Offer price details
Are the +securities proposed to be issued being issued for a cash consideration?
No
Please describe the consideration being provided for the +securities
Placement participants will receive one (1) free attaching unlisted warrant for every one (1) new share subscribed at the
offer price of GBP0.006
Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities
Will all the +securities issued in this class rank equally in all respects from their issue date?
Yes
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities
proposed to be issued or provide the information by separate announcement.
Refer to ASX announcement dated 15 April 2024
Is the proposed security a 'New
class' (+securities in a class that is
not yet quoted or recorded by ASX)
or an 'Existing class' (additional
securities in a class that is already
quoted or recorded by ASX)?
Existing class
Appendix 3B - Proposed issue of securities
Will the proposed issue of this
+security include an offer of
attaching +securities?
Yes
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Appendix 3B - Proposed issue of securities
Details of +securities proposed to be issued
ASX +security code and description
CLA : ORDINARY FULLY PAID
Number of +securities proposed to be issued
8,641,666
Offer price details
Are the +securities proposed to be issued being issued for a cash
consideration?
No
Please describe the consideration being provided for the +securities
The Company's broker, WH Ireland Limited, will receive a fee of approximately 5% of the total funds raised in the
Placement & a corporate finance fee of GBP5k which is payable through the issue of 8,474,999 incentive shares at a
deemed price of GBP0.006 per share and 8,474,999 free-attaching unlisted incentive warrants issued on the same terms
as the placement. A GBP1k retainer fee is payable through the issue of 166,667 incentive shares at a deemed price of
GBP0.006 per share.
Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities
0.012000
Will these +securities rank equally in all respects from their issue date with
the existing issued +securities in that class?
Yes
Attaching +Security
Is the proposed attaching security a 'New class' (+securities in a class that is not yet quoted or recorded by ASX)
or an 'Existing class' (additional +securities in a class that is already quoted or recorded by ASX)?
New class
Attaching +Security - New class (+securities in a class that is not yet quoted or recorded by ASX)
Details of attaching +securities proposed to be issued
ISIN Code (if Issuer is a foreign company and +securities do not have +CDIs issued over them)
Have you received confirmation from ASX that the terms Will the entity be seeking quotation of the 'new' class of
of the proposed +securities are appropriate and
+securities on ASX?
No
equitable under listing rule 6.1?
No
ASX +security code
+Security description
New class-code to be confirmed
Warrants exercisable at GBP0.009 each and expiring 31
December 2026
+Security type
Other
Number of +securities proposed to be issued
Appendix 3B - Proposed issue of securities
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Appendix 3B - Proposed issue of securities
Number of +securities proposed to be issued
8,474,999
Reason for the update of 'Number of +securities proposed to be issued'
Offer price details
Are the +securities proposed to be issued being issued for a cash consideration?
No
Please describe the consideration being provided for the +securities
The Company's broker, WH Ireland Limited, will receive one (1) free-attaching incentive unlisted warrant for every one (1)
new shares issued.
Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities
Will all the +securities issued in this class rank equally in all respects from their issue date?
Yes
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities
proposed to be issued or provide the information by separate announcement.
Refer to ASX announcement dated 15 April 2024
Part 7C - Timetable
7C.1 Proposed +issue date
18/4/2024
Part 7D - Listing Rule requirements
7D.1 Has the entity obtained, or is it obtaining, +security holder approval for the entire issue under listing rule 7.1?
No
7D.1b Are any of the +securities proposed to be issued without +security holder approval using the entity's 15%
placement capacity under listing rule 7.1?
Yes
7D.1b ( i ) How many +securities are proposed to be issued without security holder approval using the entity's 15%
placement capacity under listing rule 7.1?
162,141,662 free-attaching unlisted warrants and 8,641,666 ordinary fully paid shares
7D.1c Are any of the +securities proposed to be issued without +security holder approval using the entity's
additional 10% placement capacity under listing rule 7.1A (if applicable)?
Yes
7D.1c ( i ) How many +securities are proposed to be issued without +security holder approval using the entity's
additional 10% placement capacity under listing rule 7.1A?
153,666,663 ordinary fully paid shares
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Appendix 3B - Proposed issue of securities
7D.1c ( ii ) Please explain why the entity has chosen to do a placement rather than a +pro rata issue or an offer
under a +security purchase plan in which existing ordinary +security holders would have been eligible to
participate
A placement was deemed to be an efficient and cost effective method for the Company to raise funds
7D.2 Is a party referred to in listing rule 10.11 participating in the proposed issue?
No
7D.3 Will any of the +securities to be issued be +restricted securities for the purposes of the listing rules?
No
7D.4 Will any of the +securities to be issued be subject to +voluntary escrow?
No
Part 7E - Fees and expenses
7E.1 Will there be a lead manager or broker to the proposed issue?
Yes
7E.1a Who is the lead manager/broker?
W.H. Ireland Limited
7E.1b What fee, commission or other consideration is payable to them for acting as lead manager/broker?
A fee of approximately 5% of the total funds raised in the Placement and a corporate finance fee of GBP5k which is
payable through the issue of 8,474,999 incentive shares at a deemed price of GBP0.006 per share and 8,474,999
free-attaching unlisted incentive warrants issued on the same terms as the placement. A GBP1k retainer fee is payable
through the issue of 166,667 incentive shares at a deemed price of GBP0.006 per share.
7E.2 Is the proposed issue to be underwritten?
No
7E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed issue
None
Part 7F - Further Information
7F.01 The purpose(s) for which the entity is issuing the securities
- Early development works at the MCB Copper-Gold Project
- Permitting costs at the Sagay Copper-Gold Project
- Exploration costs at the Botilao Copper-Gold Prospect; and
- General working capital
7F.1 Will the entity be changing its dividend/distribution policy if the proposed issue proceeds?
No
7F.2 Any other information the entity wishes to provide about the proposed issue
None
7F.3 Any on-sale of the +securities proposed to be issued within 12 months of their date of issue will comply with
the secondary sale provisions in sections 707(3) and 1012C(6) of the Corporations Act by virtue of:
The publication of a +disclosure document or +PDS involving the same class of securities as the +securities proposed to be
issued that meets the requirements of section 708A(11) or 1012DA(11)
Appendix 3B - Proposed issue of securities
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