25 Nov

Updated Pre-Quotation Disclosure

Doc ID 896937183/v5 PRE - QUOTATION DISCLOSURE Parabellum Resources Limited ( Company ) makes the following disclosures in accordance with ASX's listing conditions. Capitalised terms not defined have the meaning given in the Company's p rospectus dated 4 October 2021 ( Prospectus ). 1. Completion of the Offers The Company confirms that it has completed all conditions to and closed the Offer under the Prospectus and complete d the issue of: (a) 30,000,000 Shares at an issue price of $0.20 each ra ising $ 6,000,000 (before costs); and (b) 1,800,000 unquoted options exercisable at $0.30 per option and expiring 3 years from the date of issue , being 19 November 2024 , to the Lea d Manager (or its nominees). 2. Satisfaction of conditions precedent for and completion of the Lachlan SPA The Company confirms that the conditions precedent to the Lachlan S PA (being the receipt of a Conditional Admission Letter from ASX on terms satisfactory to the C ompany) have been satisfied and that completion of the Lachlan SPA has occurred , including the issue of: (a) 2,300,000 Shares to the Lachlan Vendors; and (b) 3,700,000 Performance Shares to the Lachlan Vendors, comprising : (i) 1,200,000 First Performance Shares, expiring on the date that is 24 months from Admission; and (ii) 2,500,000 Second Performance Shares, expiring on the date that is 36 months from Admission. 3. Confirmation of no impediments The Company confirms that there are no legal, regulatory, statutory or contractual impediments to the Company entering EL 8847, EL 8852, EL 9188 , EL 9189 and EL 8846 and carrying out exploration activities such that the Company will be able to spend its cash in accordance with its commitments for the purposes of Listing Rule 1.3.2(b) . 4. S tatement of commitments The Company confirms that as Maximum Subscription has been achieved, its use of funds set out at page s 3 and 4 of the Prospectus at Maximum Subscription has not changed . 5. P ro - forma statement of fi nancial position The Company confirms that as Maximum Subscription has been achieved, the 30 June 2021 pro - forma statement of financial position based on actual funds raised is as follows: Doc ID 896937183/v5 Statement of Financial Position Pro - Forma ($) ASSETS CURRENT ASSETS Cash and cash equivalents 5,910,293 Trade and other receivables 2,466 TOTAL CURRENT ASSETS 5,912,759 NON - CURRENT ASSETS Exploration and evaluation asset 650,000 Other assets 50,000 TOTAL NON - CURRENT ASSETS 700,000 TOTAL ASSETS 6,612,759 LIABILITIES CURRENT LIABILITIES Trade creditors and other 82,832 TOTAL CURRENT LIABILITIES 82,832 NON - CURRENT LIABILITIES Loans - TOTAL NON - CURRENT LIABILITIES - Doc ID 896937183/v5 TOTAL LIABILITIES 82,832 NET ASSETS 6,529,927 EQUITY Issued capital 6,580,734 Reserves 414,921 Accumulated losses (465,728) TOTAL EQUITY 6,529,927 6. Restricted securities The Company confirms the following securities will be subject to restriction pursuant to the ASX Listing Rules for the period outlined below: Class Number Restriction Period Shares 2,222,500 Escrowed until 29 June 2022, being 12 months from the date on which the restricted securities were issued. Shares 7,577,500 24 months from the date of official quotation Options with an exercise price of $0.25 each and expiring 3 years from Admission and issued on the terms set out in Section 7.2 of the Prospectus 875 ,000 24 months from the date of official quotation Options with an exercise price of $0.30 each and expiring 3 years from Admission and issued on the terms set out in Section 7.2 of the Prospectus 1,125,000 24 months from the date of official quotation Options with an exercise price of $0.25 each and expiring 4 years from the date of issue, 5,000,000 24 months from the date of official quotation Doc ID 896937183/v5 being 12 November 2024 and issued on the terms set out in Section 7.2 of the Prospectus Options with an exercise price of $0.30 each and expiring 3 years from the date of issue , being 19 November 2024 and issued on the terms set out in Sec tion 7.2 of the Prospectus 1,800,000 24 months from the date of official quotation Performance Shares expiring on the date that is 24 months from Admission 1,200,000 24 months from the date of official quotation Performance Shares expiring on the date that is 36 months from Admission 2,500,000 24 months from the date of official quotation There are no securit ies subject to voluntary escrow. 7. Capital structure The Company's cap ital structure at the date of Ad mission is: Security Number Fully Paid Ordinary Shares 42,800,001 Options 1 8,800,000 Performance Shares 2 3,700,000 Note: 1. Comprising of: a. 875,000 Options with an exercise price of $0.25 each and expiring 3 years from Admission. b. 1,125,000 Options with an exercise price of $0.30 each and expiring 3 years from Admission; c. 5 ,0 00,000 Options with an exercise price of $0.25 each and expiring on 12 November 2024 ; and d. 1,800,000 Options with an exercise price of $0. 30 each and expiring on 19 November 2024 . 2. Comprising of: a. 1,200,000 Performance Shares expiring on the date that is 24 months from Admission; and b. 2,500,000 Performance Shares expiring on the date that is 36 months from Admission . By order of the Board Shaun Menezes Company Secretary Parabellum Resources Limited
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