Growth focused Western Australian nickel company St George Mining (ASX: SGQ) has written to expiring options holders to formally advise them that the expiring options will expire at 5:00 pm Western Standard Time (WST) on 30 September 2020, and official quotation of these options on the Australian Securities Exchange (ASX) will cease at close of trading on 24 September 2020.
These options entitle you to acquire ordinary fully paid shares in St George Mining Limited (ACN 139 308 973) (St George or the Company). Each option held is for the acquisition of one fully paid share in the capital of the Company (Share), and the exercise price is $0.20 per option.
The Expiring Options may be exercised in whole or in part by completing the form entitled Notice of Exercise of Options and Application for Shares (Notice of Exercise) overleaf and returning it to the Company, together with payment of $0.20 for each Share applied for, by no later than 5:00 pm (WST) on 30 September 2020. Please note a Notice of Exercise is only effective when the Company has received payment in full for the quantity of Shares being applied for in cleared funds.
If the Notice of Exercise, together with payment in cleared funds, is not received by Computershare Investor Services Pty Limited on or before 5:00 pm (WST) on 30 September 2020, then your Expiring Options will expire with no value and no further entitlement will exist.
As at the date of this notice, there is no underwriting agreement in place for exercise of the Expiring Options.
Market (Closing) Prices of Shares The latest available market (closing) price of Shares in St George on the ASX was $0.098 on 28 August 2020, being the last trading day prior to the date of this notice.
During the three months preceding the date of this notice, the highest market (closing) price of Shares in the Company on the ASX was $0.125 on 22 June 2020 and the lowest market (closing) price of Shares in the Company on the ASX was $0.082 on 17 and 18 August 2020.
The market price of Shares in the Company may rise and fall between the date of this letter and the expiry of the Options on 30 September 2020. We recommend that you consider price movements of Shares in the Company prior to exercising any Options and obtain financial and taxation advice as you may require in relation to the exercise of the Options.
How to Exercise your Options
Once your Notice of Exercise is complete and signed, please email your form to email@example.com and we will respond with details for payment of application moneys by electronic funds transfer.
Please be advised cleared funds are required prior to 5:00 pm WST on 30 September 2020.
St George provides the information contained in this notice for your information. The Company notes that, as item 5.3 of Appendix 6A of the ASX Listing Rules applies to the Expiring Options, the Company is not required to provide all of the information set out in item 5.2 of Appendix 6A of the ASX Listing Rules.
If you have any enquiries concerning this notice or your option holding, please contact the Company Secretary, Sarah Shipway on 0437 220 697, Monday to Friday (excluding public holidays) between 8:30 am and 5:30 pm (WST).