UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
REPORT
OF FOREIGN PRIVATE ISSUER PURSUANT TO
RULE
13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF
1934
For the month of September 2019
Commission
File Number: 001-35022
Mission NewEnergy Limited
(Translation
of registrant’s name into English)
Unit B9, 431 Roberts Rd
Subiaco, Western Australia 6008
Australia
(Address
of principal executive office)
Indicate by check
mark whether the registrant files or will file annual reports under
cover of Form 20-F or Form 40-F.
Form
20-F √
Form 40-F
Indicate by check
mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(1):
Indicate by check
mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(7):
Indicate by check
mark whether by furnishing the information contained in this Form,
the registrant is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange
Act of 1934.
Yes
No √
If
“Yes” is marked, indicate below the file number
assigned to the registrant in connection with Rule
12g3-2(b):
SIGNATURES
Pursuant to the
requirements of the Securities Exchange Act of 1934, the registrant
has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
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Mission NewEnergy Limited
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By: /s/
Guy Burnett
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Name:
Guy Burnett
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Title: Chief
Financial Officer and Company Secretary
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Date:
September 24, 2019
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EXHIBIT INDEX
Exhibit
Number
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Description
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99.1
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Market
update
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24 September
2019
ASX ANNOUNCEMENT
Mission NewEnergy Limited (ASX: MBT, OTC: MNELF) is pleased to announce that pursuant to the
planned Reverse Takeover (RTO) by Pilbara Metals Group (PMG) as
announced on 12 July 2019, MBT and PMG have signed the
Implementation Agreement and have lodged a draft Shareholders
Notice of Meeting (NOM) with the Australian Securities Exchange
(ASX) for review. Upon confirmation from the ASX that the NOM is
appropriate, it will be distributed to MBT shareholders for
approval of the transaction. The MBT Directors support the
transaction.
Please refer to the announcement released on 12 July 2019 which
gives further details on the proposed acquisition of PMG by
MBT.
An
indicative capital structure at Completion, post consolidation and
assuming $4.6m to $6.0m raise at indicative price of $0.035 per
share is presented below.
Details
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Existing
Mission NewEnergy shares on issue
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40,870,275
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40,870,275
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Consideration
shares issued to PMG
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102,948,444
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102,948,444
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Advisor
& Broker Shares issued to Lead manager upon
completion
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4,600,000
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6,000,000
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Capital
raise to comply with ASX listing rules
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131,428,571
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171,428,571
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47,051,556
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47,051,556
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Total
Mission NewEnergy shares (undiluted)
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326,898,846
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368,298,846
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Options
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Advisor
options
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2,000,000
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2,000,000
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Unlisted
options
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50,224,114
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50,224,114
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Performance
Rights
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141,368,600
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141,368,600
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Fully
diluted capital structure
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520,491,560
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561,891,560
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PMG update
PMG is pleased to announce the appointment of Melvin Yeo as the new
independent non-executive Chairman of PMG. Mr Yeo is an
entrepreneur, experienced company director & corporate lawyer,
with more than 20 years’ experience in the start-up space, an
ASX20 company and a top-tier Australian law firm. Mr Yeo will take
the role as Chairman of MBT post conclusion of the
RTO.
PMG thanks the outgoing Chairman, Mr Simon Andrew for his role in
assisting the company to advance to where it is today.
Suspension from trading on ASX
In accordance with ASX’s policy for entities undertaking
reverse take-over transactions, the Company’s securities will
remain suspended from trading on ASX until the Company has complied
with Chapters 1 & 2 of the Listing Rules in accordance with
listing rule 11.1.3. Mission remains in compliance with Listing
Rule 3.1
Company Contact:
Mission
NewEnergy Ltd:
Guy
Burnett
Phone:
+61 8 6313 3975
Email: guy@missionnewenergy.com
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Pilbara Metals Group:
Rob
Mandanici
Phone:
+61 419 015 884
Email: rob@pilbarametalsgroup.com
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