Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 Amendments

Share Capital

v3.20.2
Share Capital
6 Months Ended
Jul. 31, 2020
Disclosure of classes of share capital [abstract]  
Share Capital
14 Share Capital

 

     

31 July 2020

NZ $000’s

   

31 January 2020

NZ $000’s

 
41,629,877 (31 January 2020: 4,697,204) Ordinary shares       194,465       170,193  
                   

 

Ordinary shares

 

   

6 months to

31 July

2019

NZ $000’s

   

6 months to

31 January

2020

NZ $000’s

 
At the beginning of the reporting period     170,193       155,536  
Issuance of ordinary shares:                
- Cash collected     -       2,631  
- Shares issued in lieu of inventory payment     -       5,864  
- Convertible notes converted to equity     22,583       5,979  
- Conversion of debt     1,689       -  
- Warrants issued     -       183  
At the end of the reporting period     194,465       170,193  

 

The holders of ordinary shares are entitled to participate in dividends and the proceeds on winding up of the Group. On a show of hands at meetings of the Group, each holder of ordinary shares has one vote in person or by proxy, and upon a poll each share is entitled to one vote.

 

The Group does not have authorised capital or par value in respect of its shares.

 

Warrants

 

The following warrants were outstanding as at 31 July 2020 (31 January 2020: 610,122).

 

Average Exercise Price USD   Issue Date   Expiry Date   No of Warrants  
$0.01 - $0.50   Mar-19   Mar-23     14,000  
    Mar-19   Mar-24     3,921  
    Apr-19   Apr-22     500  
    May-19   May-21     10,000  
    Jul-19   May-25     170,100  
    Aug-19   Feb-25     285,714  
    Aug-19   Aug-24     22,857  
$0.50 - $1.00   Mar-19   Mar-21     42,280  
    Jul-20   Jul-25     19,136,364  
$1.50 - $2.00   Nov-17   Nov-21     2,000  
    Oct-18   Oct-21     20,000  
$2.01 - $4.00   Dec-17   Dec-20     10,660  
    Jun-18   Jun-23     8,000  
$4.01+   May-18   May-21     2,820  
Total number of outstanding warrants as at 31 July 2020             19,729,216