Conico : Proposed issue of securities - CNJ

Proposed issue of securitiesAnnouncement Summary

For personal use only

Entity name CONICO LTD

Announcement Type New announcement

Date of this announcement 31/3/2022

The Proposed issue is:

A placement or other type of issue

Total number of +securities proposed to be issued for a placement or other type of issue

Proposed +issue date 24/5/2022

Refer to next page for full details of the announcementProposed issue of securities

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Proposed issue of securities

Part 1 - Entity and announcement details

1.1 Name of +Entity

CONICO LTD

For personal use only

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 49119057457

1.3 ASX issuer code CNJ

1.4 The announcement isNew announcement

1.5 Date of this announcement 31/3/2022

1.6 The Proposed issue is:

A placement or other type of issue

Proposed issue of securities

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Proposed issue of securitiesPart 7 - Details of proposed placement or other issue

For personal use only

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?

Yes

7A.1a Conditions

Approval/Condition +Security holder approval

Date for determination 19/5/2022

Is the date estimated or actual?

Estimated

** Approval received/condition met?

Comments

Free attaching options for the placement announced 31 March 2022, subject to shareholder approval at a General Meeting.

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)?

New class

Details of +securities proposed to be issued

Will the proposed issue of this +security include an offer of attaching +securities?

No

ISIN Code (if Issuer is a foreign company and +securities are non CDIs)Have you received confirmation from Will the entity be seeking quotationASX that the terms of the proposed +securities are appropriate and equitable under listing rule 6.1?

No

ASX +security code

New class-code to be confirmed

Options to acquire Shares at 2.6 cents each on or before 31 December 2026.

of the 'new' class of +securities on ASX?

Yes

+Security description

Proposed issue of securities

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Proposed issue of securities

+Security type

Options

Number of +securities proposed to be issued

75,016,115

For personal use only

Offer price details

Are the +securities proposed to be issued being issued for a cash consideration?

No

Please describe the consideration being provided for the +securities

Free attaching options

Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities

0.0000001

Will all the +securities issued in this class rank equally in all respects from their issue date?

Yes

Options details

+Security currency	Exercise price	Expiry date
AUD - Australian Dollar	AUD 0.0260	31/12/2026

Details of the type of +security that will be issued if the option is exercised CNJ : ORDINARY FULLY PAID

Number of securities that will be issued if the option is exercised One fully paid ordinary share (ASX:CNJ)

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.

Lodged 31 March 2022

Part 7C - Timetable

7C.1 Proposed +issue date

24/5/2022

Proposed issue of securities

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Proposed issue of securities

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?

Yes

For personal use only

7D.1a Date of meeting or proposed meeting to approve the issue under listing rule 7.1 19/5/2022

• 7D.2 Is a party referred to in listing rule 10.11 participating in the proposed issue?

  No

• 7D.3 Will any of the +securities to be issued be +restricted securities for the purposes of the listing rules?

  No

• 7D.4 Will any of the +securities to be issued be subject to +voluntary escrow?

No

Part 7E - Fees and expenses

7E.1 Will there be a lead manager or broker to the proposed issue?

Yes

7E.1a Who is the lead manager/broker?

Peloton Capital Pty Ltd (¿Peloton¿) (AFSL 406040), Oracle Capital Group Pty Ltd (¿Oracle¿) (AFSL 521887) and RM Corporate Finance Pty Ltd (¿RM Corporate Finance¿) (AFSL 315235).

7E.1b What fee, commission or other consideration is payable to them for acting as lead manager/broker?

A lead manager fee of 1% and a placement fee 5% of the value of the funds raised.

7E.2 Is the proposed issue to be underwritten?

No

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 No funds raised, free attaching options.

Proposed issue of securities

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