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GVM
GVGVM
GVM - GVM Metals Limited - New Issue of 11 250 000 options
GVM Metals Limited
(previously, "Golden Valley Mines Limited")
(Incorporated and registered in Australia)
(Registration number ACN 008 905 388)
Share code on the JSE Limited: GVM
ISIN: AU000000GVM1
Share code on the Australian Stock Exchange Limited: GVM
ISIN: AU000000GVM1
("GVM" or `the Company")
ANNOUNCEMENT (Released on ASX on 5 June 2007)
Rule 2.7, 3.10.3, 3.10.4, 3.10.5
Appendix 3B
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 1/7/96. Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000,
30/9/2001, 11/3/2002, 1/1/2003.
Name of entity
GVM Metals Limited
ABN
98 008 905 388
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).
1 +Class of +securities issued Options
or to be issued
2 Number of +securities 11,250,000
issued or to be issued (if
known) or maximum number
which may be issued
3 Principal terms of the 7,000,000 unlisted options
+securities (eg, if options, exercisable at $1.25 each on
exercise price and expiry or before 30 September 2012;
date; if partly paid
+securities, the amount 4,250,000 unlisted options
outstanding and due dates exercisable at $0.50 each on
for payment; if +convertible or before 30 September 2011
securities, the conversion
price and dates for
conversion)
4 Do the +securities rank No
equally in all respects from
the date of allotment with Options over unissued shares
an existing +class of quoted may only be exercised in
+securities? accordance with their terms
and conditions. Upon
If the additional securities conversion of the options to
do not rank equally, please shares, the shares will rank
state: equally with existing shares.
* 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
5 Issue price or consideration Nil
6 Purpose of the issue 7,000,000 as component of
(If issued as consideration remuneration package for
for the acquisition of executive directors;
assets, clearly identify
those assets) 4,250,000 as part payment of
consideration for acquisition
of 51% interest in
Holfontein, 50% interest in
the Baobab Joint Venture and
100% interest in certain
Limpopo prospecting rights.
7 Dates of entering 5 June 2007
+securities into
uncertificated holdings or
despatch of certificates
Number +Class
8 Number and +class of all 196,518,703 Fully paid
+securities quoted on ASX ordinary
(including the securities shares
in clause 2 if applicable)
Number +Class
9 Number and +class of all 13,500,000 Options
+securities not quoted on exercisable at
ASX (including the $0.50 each on
securities in clause 2 if or before 30
applicable) September
555,575 2011.
Options
exercisable at
786,751 ?0.54 each on
or before 31
May 2009.
7,000,000 Options
exercisable at
?0.34 each on
or before 17
May 2009.
Options
exercisable at
$1.25 each on
or before 30
September
2012.
10 Dividend policy (in the Not applicable
case of a trust,
distribution policy) on the
increased capital
(interests)
Part 2 Bonus issue or pro rata issue
Questions 11 to 33 - Not Applicable
Part 3 Quotation of securities
You need only complete this section if you are applying for quotation of
securities
Part 3 - Not Applicable
Questions 35 to 42 - Not Applicable
Quotation agreement
1 +Quotation of our additional +securities is in ASX`s absolute
discretion. ASX may quote the +securities on any conditions it
decides.
2 We warrant the following to ASX.
* The issue of the +securities to be quoted complies with the law and is
not for an illegal purpose.
* There is no reason why those +securities should not be granted
+quotation.
* An offer of the +securities for sale within 12 months after their
issue will not require disclosure under section 707(3) or section
1012C(6) of the Corporations Act.
Note: An entity may need to obtain appropriate warranties from subscribers
for the securities in order to be able to give this warranty
* Section 724 or section 1016E of the Corporations Act does not apply to
any applications received by us in relation to any +securities to be
quoted and that no-one has any right to return any +securities to be
quoted under sections 737, 738 or 1016F of the Corporations Act at the
time that we request that the +securities be quoted.
* We warrant that if confirmation is required under section 1017F of the
Corporations Act in relation to the +securities to be quoted, it has
been provided at the time that we request that the +securities be
quoted.
* If we are a trust, we warrant that no person has the right to return
the +securities to be quoted under section 1019B of the Corporations
Act at the time that we request that the +securities be quoted.
3 We will indemnify ASX to the fullest extent permitted by law in
respect of any claim, action or expense arising from or connected with
any breach of the warranties in this agreement.
4 We give ASX the information and documents required by this form. If
any information or document not available now, will give it to ASX
before +quotation of the +securities begins. We acknowledge that ASX
is relying on the information and documents. We warrant that they are
(will be) true and complete.
Sign here: ___________________________Date: 5 June 2007
(Company secretary)
Print name: BLAIR SERGEANT
== == == == ==
6 June 2007
South African Sponsor to GVM
PricewaterhouseCoopers Corporate Finance (Pty) Ltd
Date: 06/06/2007 11:51:00 Produced by the JSE SENS Department.
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