25 Nov

Proposed issue of securities - STN

Proposed issue of securities Proposed issue of securities 1 / 5 Announcement Summary Entity name SATURN METALS LIMITED Announcement Type New announcement Date of this announcement 25/11/2021 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 STN ORDINARY FULLY PAID 16,666,667 Proposed +issue date 3/12/2021 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 / 5 Part 1 - Entity and announcement details 1.1 Name of +Entity SATURN METALS 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 43619488498 1.3 ASX issuer code STN 1.4 The announcement is 1.5 Date of this announcement 25/11/2021 1.6 The Proposed issue is: A placement or other type of issue New announcement Proposed issue of securities Proposed issue of securities 3 / 5 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 FIRB approval Date for determination 31/3/2022 Is the date estimated or actual? ** Approval received/condition met? Comments Participation in the Placement by Dundee Corporation for 2,833,333 shares is subject to FIRB approval being received by 31 March 2022 or such other date as mutually agreed. 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 ASX +security code and description STN : ORDINARY FULLY PAID Number of +securities proposed to be issued 16,666,667 Offer price details Are the +securities proposed to be issued being issued for a cash consideration? In what currency is the cash consideration being paid? What is the issue price per +security? Yes No Existing class Estimated Yes Proposed issue of securities Proposed issue of securities 4 / 5 consideration being paid? AUD - Australian Dollar +security? AUD 0.48000 Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class? Part 7C - Timetable 7C.1 Proposed +issue date 3/12/2021 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.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.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? 16,666,667 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? No No No No Yes No Yes Proposed issue of securities Proposed issue of securities 5 / 5 Part 7E - Fees and expenses 7E.1 Will there be a lead manager or broker to the proposed issue? 7E.1a Who is the lead manager/broker? Joint Lead Managers: Petra Capital Pty Limited & Sprott Capital Partners LP 7E.1b What fee, commission or other consideration is payable to them for acting as lead manager/broker? A total 6% fee split 50:50 between the Joint Lead Managers. 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 Part 7F - Further Information 7F.01 The purpose(s) for which the entity is issuing the securities To continue resource definition, exploration drilling and metallurgical and other pre-development studies at its 100% owned Apollo Hill Gold Project near Leonora in Western Australia. 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 7F.3 Any on-sale of the +securities proposed to be issued within 12 months of their date of issue will comply with the secondary sale provisions in sections 707(3) and 1012C(6) of the Corporations Act by virtue of: The publication of a cleansing notice under section 708A(5), 708AA(2)(f), 1012DA(5) or 1012DAA(2)(f) No No Yes No Yes
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