Information  X 
Enter a valid email address

Prairie Mining Ltd (PDZ)

  Print      Mail a friend

Friday 01 June, 2018

Prairie Mining Ltd

Change of Director's Interest Notice

RNS Number : 9407P
Prairie Mining Limited
01 June 2018
 

Rule 3.19A.2

Appendix 3Y

 

Change of Director's Interest Notice

 

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 30/09/01  Amended 01/01/11

 

Name of entity    Prairie Mining Limited

ABN                     23 008 677 852

 

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act. 

 

Name of Director

Carmel Daniele

Date of last notice

25 August 2017

 

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

 

Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.

 

Direct or indirect interest

Indirect

Nature of indirect interest

(including registered holder)

Note: Provide details of the circumstances giving rise to the relevant interest.

Controller of CD Capital Natural Resources Fund III LP

Date of change

30 May 2018

No. of securities held prior to change

A.       Nil

B.       Nil

C.       44,776,120

D.       5,711,804

Class

A.       Ordinary fully paid shares

B.       Unlisted options exercisable at $0.60 each on or before 30 May 2021 

C.       Convertible loan note convertible into ordinary shares at $0.335 per share with no expiry date

D.       Convertible loan note convertible into ordinary shares at $0.46 per share with no expiry date

Number acquired

A.       44,776,120

B.       22,388,060

C.       Nil

D.       Nil

Number disposed

A.       Nil

B.       Nil

C.       (44,776,120)

D.       Nil

Value/Consideration

Note: If consideration is non-cash, provide details and estimated valuation

See nature of change below

No. of securities held after change

A.       44,776,120

B.       22,388,060

C.       Nil

D.       5,711,804

Nature of change

Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

Conversion of the convertible loan note with a principal amount of $15,000,000, exchangeable into 44,776,120 ordinary shares at a conversion price of $0.335 per share and the subsequent issue of unlisted options on conversion of convertible note

 

Part 2 - Change of director's interests in contracts

 

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.

 

Detail of contract

Convertible Loan Note Instruments

Nature of interest

Controller of CD Capital Natural Resources Fund III LP (holder of right to acquire shares of Prairie Mining Limited pursuant to the above and below contracts).

Name of registered holder

(if issued securities)

CD Capital Natural Resources Fund III LP

Date of change

30 May 2018

No. and class of securities to which interest related prior to change

Note: Details are only required for a contract in relation to which the interest has changed

Right of CD Capital Natural Resources Fund III LP to acquire 44,776,119 ordinary shares and 21,388,060 $0.60 unlisted options which may result in the issue of an additional 21,388,060 ordinary shares ("Loan Note 1")

 

Right of CD Capital Natural Resources Fund III LP to acquire 5,711,804 ordinary shares in the Company pursuant to an investment agreement and convertible loan note instrument

Interest acquired

Nil

Interest disposed

Loan Note 1

Value/Consideration

Note: If consideration is non-cash, provide details and an estimated valuation

Not applicable

Interest after change

Right of CD Capital Natural Resources Fund III LP to acquire 5,711,804 ordinary shares in the Company pursuant to an investment agreement and convertible loan note instrument

 

Part 3 - +Closed period

 

Were the interests in the securities or contracts detailed above traded during a +closed period where prior written clearance was required?

Not applicable

If so, was prior written clearance provided to allow the trade to proceed during this period?

Not applicable

If prior written clearance was provided, on what date was this provided?

Not applicable

 

Initial notification/Amendment

Initial

LEI

213800EHCGNYSCN9T108

Place of transaction

Australian Securities Exchange (ASX)

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
END
 
 
DSHLIFEVRDILIIT

a d v e r t i s e m e n t