ABN 91 124 752 745
6 September 2016
Non-renounceable Entitlement Issue of Options
The Board of GBM Resources Limited ('GBM' or 'the Company') is pleased to offer shareholders registered as at 9 September 2016 (Record Date) an opportunity to participate in a Non-Renounceable Pro-Rata Entitlement Issue.
Pursuant to the Entitlement Issue, the Company will issue up to 203,391,744 listed options at $0.003 per Option (Offer) to raise up to $610,175 (before costs). The Entitlement Issue is not underwritten. The options will be offered on the basis of one (1) Option for every four (4) shares held in the capital of the Company at the Record Date (the Entitlement).
The options will be exercisable by the payment of $0.05 each on or before 30 September 2019.
The closing date for acceptances is 5.00pm (WST) on Thursday 6 October 2016. Full details of the Offer and how to participate will be contained in the Prospectus, which will be despatched on 13 September 2016, which I encourage you to read and consider carefully.
The Company intends to use the funds raised under this Prospectus for exploration and evaluation at the Company's Mt Coolon Gold Project.
Summary of Key Information
A summary of key information is set out below for your information:
ASX Code: GBZ
COMPANY DIRECTORS
Peter Thompson
Managing Director/ Executive Chairman
Neil Norris
Exploration Director - Executive
Hun Seng Tan
Non-Executive Director
CONTACT DETAILS
Principal & Registered Office
Suite 8, 7 The Esplanade, Mt Pleasant, WA 6153
Exploration Office
10 Parker Street,
Castlemaine, Victoria 3450
Website
www.gbmr.com.au
Email
[email protected]
Phone
+61 (8) 9316 9100
Fax
+61 (8) 9315 5475
Phone (Exploration Office)
+61 (3) 5470 5033
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Type of Offer
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Non Renounceable Pro-Rata Entitlement Issue of up to 203,391,744 listed options
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Offer Price
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$0.003 per option
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Offer Ratio
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1 option for every 4 shares held at the Record Date
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Proposed Timetable
The current proposed timetable for the Entitlement Issue is set out below. Entitlement offer announced 6 September 2016
Record Date 9 September 2016
Dispatch of Offer Document and Entitlement and Acceptance forms to shareholders
13 September 2016
Closing date of Entitlement Issue 6 October 2016
Securities quoted on a deferred settlement basis 7 October 2016
Notify ASX of under subscriptions 11 October 2016
Issue Securities 13 October 2016
Dispatch of Shareholder Statements 14 October 2016
The dates are indicative only and GBM reserves the right to vary the dates subject to the Corporations Act 2001, the ASX Listing Rules and other applicable law.
Dealing with Entitlements
The Entitlement Issue is Non Renounceable, which means shareholders cannot sell their Entitlements on the Australian Stock Exchange.
For further information please visit www.gbmr.com.au or contact:
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Investors:
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Media:
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Peter Thompson
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Karen Oswald
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Managing Director
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Marko Communications
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GBM Resources
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Tel: + 0423 602 353
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Tel: +61 8 9316 9100
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[email protected]
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Appendix 3B New issue announcement
Appendix 3B
Rule 2.7, 3.10.3, 3.10.4, 3.10.5
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 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
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Name of entity
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GBM Resources Limited
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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).
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1
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+Class of +securities issued or to be issued
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Listed options
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2
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Number of +securities issued or to be issued (if known) or maximum number which may be issued
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Up to 203,391,744 (to be confirmed depending on acceptances)
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3
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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)
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Listed options exercisable at $0.05 on or before 30 September 2019.
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+ See chapter 19 for defined terms.
01/08/2012 Appendix 3B Page 1
Appendix 3B
New issue announcement
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4
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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:
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the date from which they do
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the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment
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the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment
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No
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5
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Issue price or consideration
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$0.003 per Option
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6
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Purpose of the issue
(If issued as consideration for the acquisition of assets, clearly identify those assets)
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Options to be issued pursuant to a non- renounceable pro-rata entitlement issue prospectus dated 5 September 2016.
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6a
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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
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Yes
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6b
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The date the security holder resolution under rule 7.1A was passed
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26 November 2015
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6c
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Number of +securities issued without security holder approval under rule 7.1
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Nil
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6d
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Number of +securities issued with security holder approval under rule 7.1A
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Nil
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+ See chapter 19 for defined terms.
Appendix 3B Page 2 01/08/2012