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VRX SILICA LIMITED — Director's Dealing 2021
Mar 31, 2021
66022_rns_2021-03-31_59366ecb-29b2-4470-9658-9f4f27ba5c84.pdf
Director's Dealing
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1 April 2021
ASX ANNOUNCEMENT
VRX Welcomes New Strategic Investor
Highlights:
-
Significant investment in VRX Silica shares at market price
-
Adds to new investor’s exposure to Australian mining sector
-
Investment does not dilute VRX shareholders
VRX Silica Limited ( ASX: VRX ) ( VRX or Company ) is pleased to welcome a significant investment in VRX shares by a new strategic European-based investor.
The investment follows due diligence inquiries on the Company and its Arrowsmith North, Arrowsmith Central and Muchea Silica Sand Projects, located north of Perth, Western Australia.
ASX: VRX
Capital Structure
Shares on Issue: 504.6 million Listed Options: 23.5 million Unlisted Options: 49.3 million
Corporate Directory
Paul Boyatzis
The investment was undertaken via a transfer of fully paid ordinary shares from VRX Top 20 shareholders and does not otherwise dilute existing VRX shareholders.
To facilitate the level of investment sought, members of the VRX Board agreed to transfer a portion of their holdings, reducing their aggregate interest from approximately 14% to 12% of shares on issue. Appendix 3Ys follow this announcement.
The transfer of these shares was priced in line with VRX’s prevailing market price and was facilitated by an Australian broking firm.
Combined with VRX shares purchased on-market prior to this transfer, the new investor has a total shareholding in VRX of approximately 3.5%.
VRX welcomes this significant investment in VRX shares by the Company’s new Top 20 investor, which will sit alongside this investor’s significant interests in other ASX-listed resources companies.
This announcement has been authorised for release to ASX by Managing Director, Bruce Maluish.
Further information:
Bruce Maluish Peter Klinger Managing Director Cannings Purple [email protected] [email protected] 0418 940 417 0411 251 540
Non-Executive Chairman
Bruce Maluish
Managing Director
Peter Pawlowitsch
Non-Executive Director
John Geary Company Secretary
Silica Sand Projects
Arrowsmith Silica Sand Projects, 270km north of Perth, WA.
Muchea Silica Sand Project, 50km north of Perth, WA.
Boyatup Silica Sand Project, 100km east of Esperance, WA.
The Company is actively assessing other silica sand projects in Australia.
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About VRX Silica
VRX Silica Ltd ( VRX Silica ) (ASX: VRX) has significant silica sand projects in Western Australia.
The Arrowsmith North and Arrowsmith Central Silica Sand Projects, located 270km north of Perth, comprise five granted exploration licences and two granted mining leases. Bankable feasibility studies for both projects have been released, each demonstrating exceptional financial metrics.
The Muchea Silica Sand Project, located 50km north of Perth, comprises two granted and one application for exploration licences, and one granted mining lease. Muchea is a world-class project with high purity silica sand in situ. A bankable feasibility study for the project has been released demonstrating outstanding financial metrics.
The Boyatup Silica Sand Project, located 100km east of Esperance, comprises two adjacent granted exploration licences. Initial indications are that this project will complement the Arrowsmith and Muchea projects while adding to the range of silica products capable of production.
Proven Management
The VRX Silica Board and management team have extensive experience in mineral exploration and mine development into production and in the management of publicly listed mining and exploration companies.
Project Locations
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Appendix 3Y Change of Director’s Interest Notice
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 | VRX SILICA LTD |
|---|---|
| ABN | 59 142 014 873 |
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 | PAUL BOYATZIS |
|---|---|
| Date of last notice | 27 November 2020 |
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. |
Lesuer Pty Ltd (Beneficiary) |
| Date of change | 30 March 2021 |
| No. of securities held prior to change | Indirect Lesuer Pty Ltd − 7,180,000 ordinary shares − 3,000,000 options (30/11/2021; 21.7 cents) |
| Class | Ordinary shares and options |
| Number acquired | - |
| Number disposed | 2,000,000 ordinary shares |
| Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation |
$0.30/share |
- See chapter 19 for defined terms.
01/01/2011 Appendix 3Y Page 1
Appendix 3Y Change of Director’s Interest Notice
| No. of securities held after change | Indirect Lesuer Pty Ltd − 5,180,000 ordinary shares − 3,000,000 options (30/11/2021; 21.7 cents) |
|---|---|
| Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy- back |
Off market trade. |
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 | - |
|---|---|
| Nature of interest | - |
| Name of registered holder (if issued securities) |
- |
| Date of change | - |
| No. and class of securities to which interest related prior to change |
- |
| Interest acquired | - |
| Interest disposed | - |
| Value/Consideration | - |
| Interest after change | - |
Part 3 –[+] Closed period
| art 3 –+Closed period | |
|---|---|
| Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required? |
No |
| If so, was prior written clearance provided to allow the trade to proceed during this period? |
N/A |
| If prior written clearance was provided, on what date was this provided? |
N/A |
- See chapter 19 for defined terms.
Appendix 3Y Page 2
01/01/2011
Appendix 3Y Change of Director’s Interest Notice
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 VRX SILICA LTD
ABN 59 142 014 873
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 | BRUCE MALUISH |
|---|---|
| Date of last notice | 27 November 2020 |
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 | Direct and Indirect |
|---|---|
| Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest. |
Mash Super Pty Ltd A/C> (Beneficiary) Eldon Australia Pty Ltd (Director & Shareholder) |
| Date of change | 30 March 2021 |
| No. of securities held prior to change | Direct 13,060,535 ordinary shares 5,000,000 options (30/11/2021; 21.7 cents) Indirect Mash Super Pty Ltd A/C> 6,250,000 ordinary shares Eldon Australia PtyLtd500,000 ordinaryshares |
| Class | Ordinary fully paid shares and options |
| Number acquired | - |
| Number disposed | 6,000,000 ordinary shares |
| Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation |
$0.30/share |
- See chapter 19 for defined terms.
01/01/2011 Appendix 3Y Page 1
Appendix 3Y Change of Director’s Interest Notice
| No. of securities held after change | Direct 7,060,535 ordinary shares 5,000,000 options (30/11/2021; 21.7 cents) Indirect Mash Super Pty Ltd A/C> 6,750,000 ordinary shares |
|---|---|
| Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back |
Off market trade. |
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 | N/A |
|---|---|
| Nature of interest | |
| Name of registered holder (if issued securities) |
|
| Date of change | |
| 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 |
|
| Interest acquired | |
| Interest disposed | |
| Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation |
|
| Interest after change |
- See chapter 19 for defined terms.
Appendix 3Y Page 2
01/01/2011
Appendix 3Y Change of Director’s Interest Notice
Part 3 –[+] Closed period
| 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? |
No |
| If so, was prior written clearance provided to allow the trade to proceed during this period? |
N/A |
| If prior written clearance was provided, on what date was this provided? |
N/A |
- See chapter 19 for defined terms.
01/01/2011 Appendix 3Y Page 3
Appendix 3Y Change of Director’s Interest Notice
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 | VRX SILICA LTD |
|---|---|
| ABN 59 142 014 873 |
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.
| We (the entity) give ASX the following the director for the purposes of section |
information under listing rule 3.19A.2 and as agent for 205G of the Corporations Act. |
|---|---|
| Name of Director | PETER PAWLOWITSCH |
| Date of last notice | 27 November 2020 |
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. |
Vault (WA) Pty Ltd A/C> (Beneficiary) Haven Super Pty Ltd (Director & Shareholder) Mosch PtyLtd(Director & Shareholder) |
| Date of change | 30 March 2021 |
| No. of securities held prior to change | Indirect Haven Super Pty Ltd - 5,383,437 ordinary shares Vault (WA) Pty Ltd - 5,125,000 ordinary shares - 3,000,00 options (30/11/2021; 21.7 cents) Mosch Pty Ltd - 18,333,332 ordinary shares |
| Class | Ordinary fully paid shares and options |
| Number acquired | - |
- See chapter 19 for defined terms.
01/01/2011 Appendix 3Y Page 1
Appendix 3Y Change of Director’s Interest Notice
| Number disposed | 5,000,000 ordinary shares. |
|---|---|
| Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation |
$0.30/share |
| No. of securities held after change | Indirect Haven Super Pty Ltd - 5,383,437 ordinary shares Vault (WA) Pty Ltd - 5,125,000 ordinary shares - 3,000,00 options (30/11/2021; 21.7 cents) Mosch Pty Ltd - 13,333,332 ordinary shares |
| Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back |
Off market trade. |
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 | N/A |
|---|---|
| Nature of interest | |
| Name of registered holder (if issued securities) |
|
| Date of change | |
| 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 |
|
| Interest acquired | |
| Interest disposed | |
| Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation |
|
| Interest after change |
- See chapter 19 for defined terms.
Appendix 3Y Page 2
01/01/2011
Appendix 3Y Change of Director’s Interest Notice
Part 3 –[+] Closed period
| 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? |
No |
| If so, was prior written clearance provided to allow the trade to proceed during this period? |
N/A |
| If prior written clearance was provided, on what date was this provided? |
N/A |
- See chapter 19 for defined terms.
01/01/2011 Appendix 3Y Page 3