14 Jan

Proposed issue of securities - GL1

Proposed issue of securities Proposed issue of securities 1 / 10 Announcement Summary Entity name GLOBAL LITHIUM RESOURCES LIMITED Announcement Type New announcement Date of this announcement 14/1/2022 The Proposed issue is: Total number of +securities proposed to be issued for a placement or other type of issue ASX +security code +Security description Maximum Number of +securities to be issued New class-code to be confirmed Performance rights Tranche 1 expiry date 31-12-2022 275,000 New class-code to be confirmed Performance rights Tranche 2 expiry date 31-12-2023 275,000 New class-code to be confirmed Performance rights Tranche 3 expiry date 31-12-2024 275,000 New class-code to be confirmed Performance rights Tranche 4 expiry date 31-12-2025 275,000 Proposed +issue date 31/3/2022 Refer to next page for full details of the announcement A placement or other type of issue Proposed issue of securities Proposed issue of securities 2 / 10 Part 1 - Entity and announcement details 1.1 Name of +Entity GLOBAL LITHIUM RESOURCES 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. If the +securities are being offered under a +disclosure document or +PDS and are intended to be quoted on ASX, we also apply for quotation of all of the +securities that may be issued under the +disclosure document or +PDS on the terms set out in Appendix 2A of the ASX Listing Rules (on the understanding that once the final number of +securities issued under the +disclosure document or +PDS is known, in accordance with Listing Rule 3.10.3C, we will complete and lodge with ASX an Appendix 2A online form notifying ASX of their issue and applying for their quotation). 1.2 Registered Number Type ABN Registration Number 58626093150 1.3 ASX issuer code GL1 1.4 The announcement is 1.5 Date of this announcement 14/1/2022 1.6 The Proposed issue is: A placement or other type of issue New announcement Proposed issue of securities Proposed issue of securities 3 / 10 Part 7 - Details of proposed placement or other issue Part 7A - Conditions 7A.1 Do any external approvals need to be obtained or other conditions satisfied before the placement or other type of issue can proceed on an unconditional basis? 7A.1a Conditions Approval/Condition +Security holder approval Date for determination 31/3/2022 Is the date estimated or actual? ** Approval received/condition met? No Comments 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)? Will the proposed issue of this +security include an offer of attaching +securities? Details of +securities proposed to be issued ISIN Code (if Issuer is a foreign company and +securities are non CDIs) Have you received confirmation from ASX that the terms of the proposed +securities are appropriate and equitable under listing rule 6.1? Will the entity be seeking quotation of the 'new' class of +securities on ASX? ASX +security code New class-code to be confirmed +Security description Performance rights Tranche 1 expiry date 31-12-2022 +Security type Performance options/rights No No No New class Estimated Yes Proposed issue of securities Proposed issue of securities 4 / 10 Number of +securities proposed to be issued 275,000 Offer price details Are the +securities proposed to be issued being issued for a cash consideration? Please describe the consideration being provided for the +securities Nil consideration being provided. Securities to be issued on appointment to the Company's Board of Directors. Based on the closing share price on 12 January 2022, deemed value per right is $1.30. Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities 1.300000 Will all the +securities issued in this class rank equally in all respects from their issue date? Performance options/rights details +Security currency AUD - Australian Dollar Exercise price AUD 0.0000 Expiry date 31/12/2022 Details of the type of +security that will be issued if the option is exercised GL1 : ORDINARY FULLY PAID Number of securities that will be issued if the option is exercised One ordinary share to be issued for each vested and exercised performance right Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities proposed to be issued or provide the information by separate announcement. Ron Mtichell and Greg Lilleyman appointed as Directors: https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02475193-6A1072067?access_token=8 3ff96335c2d45a094df02a206a39ff4 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)? Will the proposed issue of this +security include an offer of attaching +securities? No New class Yes No Proposed issue of securities Proposed issue of securities 5 / 10 Details of +securities proposed to be issued ISIN Code (if Issuer is a foreign company and +securities are non CDIs) Have you received confirmation from ASX that the terms of the proposed +securities are appropriate and equitable under listing rule 6.1? Will the entity be seeking quotation of the 'new' class of +securities on ASX? ASX +security code New class-code to be confirmed +Security description Performance rights Tranche 2 expiry date 31-12-2023 +Security type Performance options/rights Number of +securities proposed to be issued 275,000 Offer price details Are the +securities proposed to be issued being issued for a cash consideration? Please describe the consideration being provided for the +securities Nil consideration being provided. Securities to be issued on appointment to the Company's Board of Directors. Based on the closing share price on 12 January 2022, deemed value per right is $1.30 Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities 1.300000 Will all the +securities issued in this class rank equally in all respects from their issue date? Performance options/rights details +Security currency AUD - Australian Dollar Exercise price AUD 0.0000 Expiry date 31/12/2023 Details of the type of +security that will be issued if the option is exercised GL1 : ORDINARY FULLY PAID Number of securities that will be issued if the option is exercised One ordinary share to be issued for each vested and exercised performance right Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities Yes No No No Proposed issue of securities Proposed issue of securities 6 / 10 Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities proposed to be issued or provide the information by separate announcement. Ron Mtichell and Greg Lilleyman appointed as Directors: https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02475193-6A1072067?access_token=8 3ff96335c2d45a094df02a206a39ff4 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)? Will the proposed issue of this +security include an offer of attaching +securities? Details of +securities proposed to be issued ISIN Code (if Issuer is a foreign company and +securities are non CDIs) Have you received confirmation from ASX that the terms of the proposed +securities are appropriate and equitable under listing rule 6.1? Will the entity be seeking quotation of the 'new' class of +securities on ASX? ASX +security code New class-code to be confirmed +Security description Performance rights Tranche 3 expiry date 31-12-2024 +Security type Performance options/rights Number of +securities proposed to be issued 275,000 Offer price details Are the +securities proposed to be issued being issued for a cash consideration? Please describe the consideration being provided for the +securities Nil consideration being provided. Securities to be issued on appointment to the Company's Board of Directors. Based on the closing share price on 12 January 2022, deemed value per right is $1.30 Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities 1.300000 Will all the +securities issued in this class rank equally in all respects from their issue date? Yes No No No No New class Proposed issue of securities Proposed issue of securities 7 / 10 Performance options/rights details +Security currency AUD - Australian Dollar Exercise price AUD 0.0000 Expiry date 31/12/2024 Details of the type of +security that will be issued if the option is exercised GL1 : ORDINARY FULLY PAID Number of securities that will be issued if the option is exercised One ordinary share to be issued for each vested and exercised performance right Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities proposed to be issued or provide the information by separate announcement. Ron Mtichell and Greg Lilleyman appointed as Directors: https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02475193-6A1072067?access_token=8 3ff96335c2d45a094df02a206a39ff4 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)? Will the proposed issue of this +security include an offer of attaching +securities? Details of +securities proposed to be issued ISIN Code (if Issuer is a foreign company and +securities are non CDIs) Have you received confirmation from ASX that the terms of the proposed +securities are appropriate and equitable under listing rule 6.1? Will the entity be seeking quotation of the 'new' class of +securities on ASX? ASX +security code New class-code to be confirmed +Security description Performance rights Tranche 4 expiry date 31-12-2025 +Security type Performance options/rights Number of +securities proposed to be issued 275,000 Offer price details No No No New class Proposed issue of securities Proposed issue of securities 8 / 10 Are the +securities proposed to be issued being issued for a cash consideration? Please describe the consideration being provided for the +securities Nil consideration being provided. Securities to be issued on appointment to the Company's Board of Directors. Based on the closing share price on 12 January 2022, deemed value per right is $1.30 Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities 1.300000 Will all the +securities issued in this class rank equally in all respects from their issue date? Performance options/rights details +Security currency AUD - Australian Dollar Exercise price AUD 0.0000 Expiry date 31/12/2025 Details of the type of +security that will be issued if the option is exercised GL1 : ORDINARY FULLY PAID Number of securities that will be issued if the option is exercised One ordinary share to be issued for each vested and exercised performance right Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities proposed to be issued or provide the information by separate announcement. Ron Mtichell and Greg Lilleyman appointed as Directors: https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02475193-6A1072067?access_token=8 3ff96335c2d45a094df02a206a39ff4 Part 7C - Timetable 7C.1 Proposed +issue date 31/3/2022 Yes No Proposed issue of securities Proposed issue of securities 9 / 10 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? 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? 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)? 7D.2 Is a party referred to in listing rule 10.11 participating in the proposed issue? 7D.3 Will any of the +securities to be issued be +restricted securities for the purposes of the listing rules? 7D.4 Will any of the +securities to be issued be subject to +voluntary escrow? Part 7E - Fees and expenses 7E.1 Will there be a lead manager or broker to the proposed issue? 7E.2 Is the proposed issue to be underwritten? 7E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed issue Nil Part 7F - Further Information 7F.01 The purpose(s) for which the entity is issuing the securities Securities to be issued on appointment to the Company's Board of Directors 7F.1 Will the entity be changing its dividend/distribution policy if the proposed issue proceeds? No No No No No Yes No No No No No Yes No No No Proposed issue of securities Proposed issue of securities 10 / 10 7F.2 Any other information the entity wishes to provide about the proposed issue Vesting of the performance rights is based on various performance milestones being met prior to the expiry date as outlined in ASX announcement 13.01.2022 "GL1 Appoints Greg Lilleyman and Ron Mitchell as Directors"
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