20 Jan 2022other▲ GoodMajor
Viridis was admitted to the ASX official list on 20 January 2022, with shares quoted from 24 January. Its IPO raised $5,000,000 by issuing 25,000,000 shares at $0.20, leaving 31,208,998 quoted shares.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
20 Jan 2022asset acquisition disposition▲ GoodMajor
Pre-listing confirmation that the $5.0m IPO (25m shares at $0.20) closed and acquisitions completed: 2,125,000 shares issued to the AHD vendors and $25,000 paid to Silver Range Resources for the option over up to 100% of South Kitikmeot. 11m options issued; 35,397,889 shares on issue.
20 Jan 2022annual report● Neutral
Annual report of Dig Ore Pty Ltd, another vendor Viridis plans to buy under the 17 September 2021 term sheet, which offers 2,000,000 Viridis shares in total plus $25,000 expenses. The company has no cash and a small net liability.
20 Jan 2022annual report● Neutral
Annual report of Hubble Resources Pty Ltd, the third vendor company in Viridis's planned acquisition of Western Australian tenement companies for 2,000,000 shares plus $25,000. It has no cash and a small net liability.
20 Jan 2022annual report● Neutral
Annual report for year to 30 June 2021. The company, formerly Aus Asia Minerals, raised $250,000 in April 2021, then renamed itself Viridis and consolidated shares 10:1 in July 2021, leaving 8,272,889 shares. It has conditional deals over Australian and Canadian projects.
20 Jan 2022other● Neutral
Rules of the Employee Securities Incentive Plan, lodged as listing paperwork. It sets out how the company can grant equity to staff and directors. No grants or figures are given in the text shown.
20 Jan 2022other● Neutral
Top 20 holders list as at 17 January 2022: 35,397,889 shares on issue. Largest holder Bilal Ahmad holds 10.12%; the top holders together hold 72.61%. Chairman Agha Shahzad Pervez holds 500,000 shares (1.41%).
20 Jan 2022other● Neutral
Distribution schedule as at 17 January 2022 showing 1,032 holders of 35,397,889 shares. 54 holders with over 100,000 shares each hold 78.81%. Standard listing paperwork.
20 Jan 2022annual report● Neutral
Annual report of Australian Prospecting Pty Ltd, a vendor company with no cash. Under a 17 September 2021 term sheet, Viridis would buy it and two sister companies for 2,000,000 Viridis shares plus $25,000 expenses.
20 Jan 2022other● Neutral
Prospectus dated 16 November 2021 for the IPO of 25,000,000 shares at $0.20 to raise $5,000,000, with up to $500,000 of oversubscriptions allowed. It describes the shares as highly speculative. Re-lodged as part of listing paperwork.