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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Union | LSE:URL | London | Ordinary Share | AU000000UCL4 | ORD NPV |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.50 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
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Union Resources Limited
Issue of Shares to Directors in Lieu of Fees, Salary
In accordance with shareholder approval received at the Company's recent annual
general meeting the Company has issued a total of 3,504,002 shares in the
Company (at a notional issue price of 1.1 cents per share) to the Company's
non-executive directors in lieu of directors' fees of A$38,332 for the months
of October and November 2008, and 2,206,338 shares (also at a notional issue
price of 1.1 cents per share) to Managing Director Dr Frank Reid in lieu of
US$16,667 of his salary for the months of October and November 2008.
The issue of shares to Directors in lieu of fees/salary assists the company to
conserve cash whilst also giving the Directors a greater stake in the future
success of the Company.
Also in accordance with shareholder approval received at the annual general
meeting, further shares will be issued to the same Directors at a later date in
lieu of non-executive directors' fees of A$19,166 for the month of December,
2008 and US$8,333 of Managing Director Dr Frank Reid's salary for December
2008.
James Collins-Taylor
Chairman
Enquires to:
Australia: Union Resources Limited
Dr Frank Reid - Managing Director
Phone: +61 07 3833 3833
London: Hanson Westhouse Limited
Bill Staple or Martin Davison
0207 7601 6100
Bankside Consultants
Simon Rothschild / Louise Mason
0207 367 8888
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, 1/7/200, 30/9/
2001, 11/3/2002, 1/1/2003, 24/10/2005..
Name of entity
Union Resources Limited
ABN
40 002 118 872
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 or Ordinary shares
to be issued
2 Number of +securities issued or 5,710,340
to be issued (if known) or
maximum number which may be
issued
3 Principal terms of the Fully paid ordinary shares
+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)
4 Do the +securities rank Yes.
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:
* 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 Issued for a non-cash consideration at a
consideration notional issue price of $0.011 (1.1 cents) per
share. Issued in lieu of Directors' fees
totalling AUD$57,500 and Managing Director's
salary of USD$25,000.
6 Purpose of the issue 1. 3,504,002 shares issued to non-executive
directors in lieu of directors' fees for
(If issued as consideration the months of October & November, 2008;
for the acquisition of
assets, clearly identify 2. 2,206,338 shares issued to Managing
those assets) Director in lieu of part of salary for the
months of October & November, 2008.
7 Dates of entering 9 December 2008
+securities into
uncertificated holdings or
despatch of certificates
Number +Class
8 Number and +class of all 913,083,883 Ordinary shares (UCL)
+securities quoted on ASX
(including the securities 246,040,340 Options to acquire ordinary
in clause 2 if applicable) shares, exercisable at
$0.0982 each on or before 31
/03/09 (UCLOA)
264,428,911 Options to acquire ordinary
shares, exercisable at $0.10
each on or before 31/03/09
(UCLOB)
9 Number and +class of all 90,000,000 Options to acquire
+securities not quoted on ASX ordinary shares,
(including the securities in exercisable at
clause 2 if applicable) $0.075 each on or
before 31/03/09
6,000,000 Options to acquire
ordinary shares,
exercisable at
$0.02 each (subject
to certain vesting
conditions) on or
before 31/03/13
7,999,998 Options to acquire
ordinary shares,
exercisable at
either $0.021 or
other indeterminate
price each (subject
to certain vesting
conditions) on or
before 31/03/15
3,000,000 Employee Share
Option Plan options
exercisable at
$0.02 each (subject
to certain vesting
conditions) on or
before 01/04/09
10 Dividend policy (in the case of a N/A
trust, distribution policy) on
the increased capital (interests)
Part 2 - Bonus issue or pro rata issue
11 Is security holder approval
required?
12 Is the issue renounceable or
non-renounceable?
13 Ratio in which the +securities will
be offered
14 +Class of +securities to which the
offer relates
15 +Record date to determine
entitlements
16 Will holdings on different
registers (or subregisters) be
aggregated for calculating
entitlements?
17 Policy for deciding entitlements in
relation to fractions
18 Names of countries in which the
entity has +security holders who
will not be sent new issue
documents
Note: Security holders must be
told how their entitlements are to
be dealt with.
Cross reference: rule 7.7.
19 Closing date for receipt of
acceptances or renunciations
20 Names of any underwriters
21 Amount of any underwriting fee or
commission
22 Names of any brokers to the issue
23 Fee or commission payable to the
broker to the issue
24 Amount of any handling fee payable
to brokers who lodge acceptances
or renunciations on behalf of
+security holders
25 If the issue is contingent on
+security holders' approval, the
date of the meeting
26 Date entitlement and acceptance
form and prospectus or Product
Disclosure Statement will be sent
to persons entitled
27 If the entity has issued options,
and the terms entitle option
holders to participate on
exercise, the date on which
notices will be sent to option
holders
28 Date rights trading will begin (if
applicable)
29 Date rights trading will end (if
applicable)
30 How do +security holders sell
their entitlements in full through
a broker?
31 How do +security holders sell part
of their entitlements through a
broker and accept for the balance?
32 How do +security holders dispose
of their entitlements (except by
sale through a broker)?
33 +Despatch date
Part 3 - Quotation of securities
You need only complete this section if you are applying for quotation of
securities
34 Type of securities
(tick one)
(a) Securities described in Part 1
(b) All other securities
Example: restricted securities at the end of the escrowed period,
partly paid securities that become fully paid, employee incentive
share securities when restriction ends, securities issued on expiry
or conversion of convertible securities
Entities that have ticked box 34(a)
Additional securities forming a new class of securities
Tick to indicate you are providing the information or documents
35 If the +securities are +equity securities, the names of the 20
largest holders of the additional +securities, and the number and
percentage of additional +securities held by those holders
36 If the +securities are +equity securities, a distribution schedule
of the additional +securities setting out the number of holders in
the categories
1 - 1,000
1,001 - 5,000
5,001 - 10,000
10,001 - 100,000
100,001 and over
37 A copy of any trust deed for the additional +securities
Entities that have ticked box 34(a)
Additional securities forming a new class of securities
(If the additional securities do not form a new class, go to 43)
Tick to indicate you are providing the
information or documents
35 If the +securities are +equity securities, the names of the 20
largest holders of the additional +securities, and the number and
percentage of additional +securities held by those holders
36 If the +securities are +equity securities, a distribution schedule
of the additional +securities setting out the number of holders in
the categories
1 - 1,000
1,001 - 5,000
5,001 - 10,000
10,001 - 100,000
100,001 and over
37 A copy of any trust deed for the additional +securities
(now go to 43)
Entities that have ticked box 34(b)
38 Number of securities for which
+quotation is sought
39 Class of +securities for which
quotation is sought
40 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:
* 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
41 Reason for request for quotation now
Example: In the case of restricted
securities, end of restriction period
(if issued upon conversion of another
security, clearly identify that other
security)
Number +Class
42 Number and +class of all +securities
quoted on ASX (including the securities
in clause 38)
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.
END
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