8 June 2007
Australian Stock Exchange Ltd
Via Electronic Lodgement
We wish to advise the Company has today allotted 1,000,000 unlisted Special Package options pursuant to the Strike Oil Limited Employee Share Incentive Option Plan. The options expire on 1 June 2010 are exercisable at $0.40 and vest in two tranches – 50% one year from issue and 50% two years from issue.
These options are issued to employees as part of their remuneration package and Directors and associates will not participate.
We attach an Appendix 3B in respect of the above.
Yours faithfully
JIM DURRANT
Technical Director
Strike Oil Limited
Jim Durrant – Technical Director
T: 08 6464 0400
E: strike@strikeoil.com.au
Appendix 3B New issue announcement
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 |
Strike Oil Limited |
We (the entity) give ASX the following information.
You must complete the relevant sections (attach sheets if there is not enough space).
1 | + Class of +securities issued or to be issued | Unlisted Options |
2 | Number of +securities issued or to be issued (if known) or maximum number which may be issued | 1,000,000 |
3 | Principal terms of the +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) | Exercisable at $0.40 and expiring 1 June 2010. Vest in two tranches:- 50% on 1 June 2008 50% on 1 June 2009 |
Appendix 3B New issue announcement
4 Do the - 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
+securities rank equally in all respects from the date of allotment with an existing +class of quoted +securities? | • 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 |
6 Purpose of the issue (If issued as consideration for the acquisition of assets, clearly identify those assets) |
7 Dates of entering +securities into uncertificated holdings or despatch of certificates |
Number |
8 Number and +class of all +securities quoted on ASX (including the securities in clause 2 if applicable) | 279,890,403 |
Number |
9 Number and +class of all +securities not quoted on ASX (including the securities in clause 2 if applicable) | 46,027 405,000 150,000 1,610,000 1,026,130 887,500 1,550,000 15,000,000 850,000 2,000,000 100,000 1,000,000 | 1,000,000 Options 3 cents } 8 cents } 23 cents}Expire 2/08/2007 33 cents} 38 cents} 30 cents - Expire 24/08/2007 20 cents - Expire 9/06/2008 16 cents - Expire 23/6/09 20 cents - Expire 15/11/2008 35 cents - Expire 31/12/08 40 cents - Expire 10/3/09 40 cents - Expire 8/11/09 40 cents - Expire 1/6/10 |
10 | Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests) |
+
Dividends not yet paid
Part 2 - Bonus issue or pro rata issue
Class
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 |
Appendix 3B New issue announcement
18 Names of countries in which the entity has +security holders who will not be sent new issue documentsNote: 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? |
Appendix 3B New issue announcement
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 |
34 Type of securities ( tick one) |
Securities described in Part 1
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 |
36 | If the 1 - 1,000 1,001 - 5,000 5,001 - 10,000 10,001 - 100,000 +securities are +equity securities, a distribution schedule of the additional +securities setting out the number of holders in the categories |
37 |
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+securities
100,001 and over
A copy of any trust deed for the additional
Appendix 3B New issue announcement
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 - 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
+securities rank equally in all respects from the date of allotment with an existing +class of quoted +securities? | • 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 |
42 Number and +class of all +securities quoted on ASX (including the securities in clause 38) |
+
Appendix 3B New issue announcement1
2 We warrant the following to ASX.
• The issue of the
• There is no reason why those
• 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.
+Quotation of our additional +securities is in ASX’s absolute discretion. ASX may quote the +securities on any conditions it decides.+securities to be quoted complies with the law and is not for an illegal purpose.+securities should not be granted +quotation.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
• We warrant that if confirmation is required under section 1017F of the Corporations Act in relation to the
• If we are a trust, we warrant that no person has the right to return the
+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.+securities to be quoted, it has been provided at the time that we request that the +securities be quoted.+securities to be quoted under section 1019B of the Corporations Act at the time that we request that the +securities be quoted.+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.
Quotation agreement
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
Sign here:………….…..…......................................... Date:. 8 June 2007
(Company secretary)
Print name: .............Gillian Swaby............................................
Class 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
Part 3 - Quotation of securities
You need only complete this section if you are applying for quotation of securities
N/A
Nil
Pursuant to Strike Oil Limited Employee Share Incentive Option Plan
1 June 2007
+
Fully Paid Shares
Class Appendix 3B New issue announcement
Part 1 - All issues
Further information:
ALLOTMENT OF SPECIAL PACKAGE OPTIONS
ABN 59 078 012 745 STRIKE OIL LIMITED Level 9, Wesfarmers House 40 The Esplanade Perth Western Australia 6000 Phone: 61 8 6464 0400 Facsimile: 61 8 6464 0401 Email: strike@strikeoil.com.au www.strikeoil.com.au