Exhibit 99.1
 | Proposed issue of securities |
Announcement Summary
Entity name
ALTERITY THERAPEUTICS LIMITED
Announcement Type
New announcement
Date of this announcement
Wednesday February 10, 2021
The Proposed issue is:
þ A placement or other type of issue
Total number of +securities proposed to be issued for a placement or other type of issue
| | | | | Maximum Number of | |
| ASX +security code | | +Security description | | +securities to be issued | |
| | | | | | | |
| ATH | | ORDINARY FULLY PAID | | | 53,066,700 | |
Proposed +issue date
Thursday February 11, 2021
Refer to next page for full details of the announcement
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Part 1 - Entity and announcement details
1.1 Name of +Entity
ALTERITY THERAPEUTICS LIMITED
We (the entity named above) give ASX the following information about a proposed issue of +securities and, if ASX agrees to +quote any of the +securities (including any rights) on a +deferred settlement basis, we agree to the matters set out in Appendix 3B of the ASX Listing Rules.
| 1.2 Registered Number Type | Registration Number |
| ABN | 37080699065 |
1.3 ASX issuer code
ATH
1.4 The announcement is
þ New announcement
1.5 Date of this announcement
Wednesday February 10, 2021
1.6 The Proposed issue is:
þ A placement or other type of issue
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Part 7 - Details of proposed placement or other issue
Part 7A - Conditions
7A.1 - Are any of the following approvals required for the placement or other type of issue?
| ● | +Security holder approval Court approval |
| ● | Lodgement of court order with +ASIC ACCC approval |
| ● | Another approval/condition external to the entity |
þ No
Part 7B - Issue details
Is the proposed security a ‘New class’ (+securities in a class that is not yet quoted or recorded by ASX) or an ‘Existing class’ (additional securities in a class that is already quoted or recorded by ASX)?
þ Existing class | | Will the proposed issue of this +security include an offer of attaching +securities?
þ No |
Details of +securities proposed to be issued
ASX +security code and description
ATH: ORDINARY FULLY PAID
Number of +securities proposed to be issued
53,066,700
Offer price details
Are the +securities proposed to be issued being issued for a cash consideration?
þ Yes
| In what currency is the cash consideration being paid? | | What is the issue price per
+security? |
| AUD - Australian Dollar | | AUD 0.05040 |
Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class?
þ Yes
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Part 7C - Timetable
7C.1 Proposed +issue date
Thursday February 11, 2021
Part 7D - Listing Rule requirements
7D.1 Has the entity obtained, or is it obtaining, +security holder approval for the entire issue under listing rule 7.1?
þ No
7D.1b Are any of the +securities proposed to be issued without +security holder approval using the entity’s 15% placement capacity under listing rule 7.1?
þ Yes
7D.1b ( i ) How many +securities are proposed to be issued without security holder approval using the entity’s 15% placement capacity under listing rule 7.1?
53,066,700
7D.1c Are any of the +securities proposed to be issued without +security holder approval using the entity’s additional 10% placement capacity under listing rule 7.1A (if applicable)?
þ No
7D.2 Is a party referred to in listing rule 10.11 participating in the proposed issue?
þ No
7D.3 Will any of the +securities to be issued be +restricted securities for the purposes of the listing rules?
þ No
7D.4 Will any of the +securities to be issued be subject to +voluntary escrow?
þ No
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Part 7E - Fees and expenses
7E.1 Will there be a lead manager or broker to the proposed issue?
þ No
7E.2 Is the proposed issue to be underwritten?
þ No
7E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed issue
Part 7F - Further Information
7F.01 The purpose(s) for which the entity is issuing the securities
To further research and development activities and provide on-going working capital
7F.1 Will the entity be changing its dividend/distribution policy if the proposed issue proceeds?
þ No
7F.2 Any other information the entity wishes to provide about the proposed issue
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