26 Nov

Proposed issue of securities - PUA

Proposed issue of securities Proposed issue of securities 1 / 6 Announcement Summary Entity name PEAK MINERALS LIMITED Announcement Type New announcement Date of this announcement 26/11/2021 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 Unlisted Options exercisable at $0.05 per Option and expiring three years from the date of Grant 22,500,000 Proposed +issue date 13/12/2021 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 / 6 Part 1 - Entity and announcement details 1.1 Name of +Entity PEAK MINERALS 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 74072692365 1.3 ASX issuer code PUA 1.4 The announcement is 1.5 Date of this announcement 26/11/2021 1.6 The Proposed issue is: A placement or other type of issue New announcement Proposed issue of securities Proposed issue of securities 3 / 6 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 13/12/2021 Is the date estimated or actual? ** Approval received/condition met? 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 Unlisted Options exercisable at $0.05 per Option and expiring three years from the date of Grant No No No New class Actual Yes Proposed issue of securities Proposed issue of securities 4 / 6 +Security type Options Number of +securities proposed to be issued 22,500,000 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 Proposed Issue of Options as a part of remuneration. Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities 112,500.000000 Will all the +securities issued in this class rank equally in all respects from their issue date? Options details +Security currency AUD - Australian Dollar Exercise price AUD 0.0500 Expiry date Details of the type of +security that will be issued if the option is exercised PUA : ORDINARY FULLY PAID Number of securities that will be issued if the option is exercised One fully paid ordinary share (Share) on exercise of one options. If all options are exercised, a total of 22,500,000 will be issued 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. https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02451190-3A580930?access_token=83 ff96335c2d45a094df02a206a39ff4 Yes No Proposed issue of securities Proposed issue of securities 5 / 6 Part 7C - Timetable 7C.1 Proposed +issue date 13/12/2021 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? 7D.1a Date of meeting or proposed meeting to approve the issue under listing rule 7.1 13/12/2021 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 No No No No Yes Yes Proposed issue of securities Proposed issue of securities 6 / 6 Part 7F - Further Information 7F.01 The purpose(s) for which the entity is issuing the securities To facilitate maintenance of financial liquidity, minimising cash outflows and remunerating the Directors for their extensive contribution towards promoting the Company's operations, it is proposed to grant Unquoted Options to Directors of the Company 7F.1 Will the entity be changing its dividend/distribution policy if the proposed issue proceeds? 7F.2 Any other information the entity wishes to provide about the proposed issue Further to shareholder approval being sought in the Annual General Meeting of 13 December 2021, a total of 45 millions Options will be issued to Directors under Two form relates to details of Tranche Two of the proposed Tranches.This options (i.e. issue of 22.5 million options at an exercise price of 5 cents per option) and a separate Appendix 3B has been previously submitted in regards to tranche one options(i.e. issue of 22.5 million options at an exercise price of 3 cents per option). No No
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