Superior Lake Resources : Proposed issue of securities - SUP

Proposed issue of securities

Announcement Summary

For personal use only

Entity name

SUPERIOR LAKE RESOURCES LIMITED

Announcement Type

New announcement

Date of this announcement

4/1/2022

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

		Maximum Number of
ASX +security code	+Security description	+securities to be issued
New class-code to be	Performance Shares	25,500,000
confirmed
New class-code to be	Unquoted Options	3,375,000
confirmed
New class-code to be	Unquoted Options	3,000,000
confirmed
New class-code to be	Unquoted Options	3,000,000
confirmed
New class-code to be	Unquoted Options	6,750,000
confirmed
New class-code to be	Unquoted Options	3,375,000
confirmed
New class-code to be	Unquoted Options	1,666,667
confirmed
New class-code to be	Unquoted Options	1,666,666
confirmed
New class-code to be	Unquoted Options	1,666,666
confirmed
SUP	ORDINARY FULLY PAID	103,205,129

Proposed +issue date 31/1/2022

Proposed issue of securities

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Proposed issue of securities

Refer to next page for full details of the announcement

For personal use only

Proposed issue of securities

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Proposed issue of securities

Part 1 - Entity and announcement details

For personal use only

1.1 Name of +Entity

SUPERIOR LAKE 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	Registration Number
ACN	139522553
1.3	ASX issuer code
SUP

1. The announcement is New announcement
2. Date of this announcement

4/1/2022

1.6 The Proposed issue is:

A placement or other type of issue

Proposed issue of securities

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Proposed issue of securities

Part 7 - Details of proposed placement or other issue

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
use	7A.1a Conditions
Approval/Condition	Date for determination	Is the date estimated or	** Approval
		+Security holder approval	28/1/2022		actual?	received/condition met?
			Actual
						No
		Comments
personal
	P rt 7B - Issue details
		Is the proposed security a 'New	Will the proposed issue of this
		class' (+securities in a class that is	+security include an offer of
		not yet quoted or recorded by ASX)	attaching +securities?
		or an 'Existing class' (additional	No
		securities in a class that is already
		quoted or recorded by ASX)?
		Existing class
	Details of +securities proposed to be issued
For	ASX +security code and description
SUP : ORDINARY FULLY PAID

Number of +securities proposed to be issued 41,666,667

Offer price details

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

No

Proposed issue of securities

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use only

Proposed issue of securities

Please describe the consideration being provided for the +securities

Issued as consideration for the acquisition of the Bristol Springs Solar Project - see Notice of Meeting lodged with ASX on 30 December 2021

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

5,416,666.000000

Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class?

Yes

Is the proposed security a 'New	Will the proposed issue of this
class' (+securities in a class that is	+security include an offer of
not yet quoted or recorded by ASX)	attaching +securities?
or an 'Existing class' (additional	No
securities in a class that is already
quoted or recorded by ASX)?
New class

Details of +securities proposed to be issued
personal	ISIN Code (if Issuer is a foreign company and +securities are non CDIs)
	Have you received confirmation from		Will the entity be seeking quotation
	ASX that the terms of the proposed		of the 'new' class of +securities on
	+securities are appropriate and		ASX?
	equitable under listing rule 6.1?		No
	Yes
	ASX +security code		+Security description
	New class-code to be confirmed		Performance Shares
	+Security type
	Performance shares/units
	Number of +securities proposed to be issued
For	25,500,000
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

Issued as consideration for the acquisition of the Bristol Springs Solar Project - see Notice of Meeting lodged with ASX on 30 December 2021

Please provide an estimate of the AUD equivalent of the consideration being

Proposed issue of securities

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