Lycaon Resources : Proposed issue of securities - LYN

Proposed issue of securities

Announcement Summary

For personal use only

Entity name

LYCAON RESOURCES LTD

Announcement Type

New announcement

Date of this announcement 3/6/2022

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
LYN	ORDINARY FULLY PAID	1,375,000

Proposed +issue date

8/6/2022

Refer to next page for full details of the announcement

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

LYCAON RESOURCES LTD

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
ABN	80647829749
1.3	ASX issuer code
LYN

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

3/6/2022

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?
use		No
	Part 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?
personal		or an 'Existing class' (additional	No
	securities in a class that is already
	consideration?
			quoted or recorded by ASX)?
			Existing class
	Details of +securities proposed to be issued
			ASX +security code and description
			LYN : ORDINARY FULLY PAID
			Number of +securities proposed to be issued
		1,250,000
			Offer price details
			Are the +securities proposed to be issued being issued for a cash
For		No
	Please describe the consideration being provided for the +securities
			Acquisition of 100% of East Kimberley Resources Pty Ltd, the holder of tenement E80/4955 in East Kimberley, Western
			Australia
			Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities
		500,000.000000
			Will these +securities rank equally in all respects from their issue date with
			the existing issued +securities in that class?
			Yes

Proposed issue of securities

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Proposed issue of securities

			Is the proposed security a 'New	Will the proposed issue of this
only		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
use		ASX +security code and description
	LYN : ORDINARY FULLY PAID
	Number of +securities proposed to be issued
125,000
	Offer price details
personal		Are the +securities proposed to be issued being issued for a cash
	consideration?
			No
			Please describe the consideration being provided for the +securities
			Faciliation fee in connection with the acquisition of 100% of East Kimberley Resources Pty Ltd.
			Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities
		50,000.000000
			Will these +securities rank equally in all respects from their issue date with
			the existing issued +securities in that class?
			Yes
For
	Part 7C - Timetable
		7C.1 Proposed +issue date
		8/6/2022
	Proposed issue of securities	4 / 6

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?

		No
only	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?
Yes
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?
1,375,000
7D.1c Are any of the +securities proposed to be issued without +security holder approval using the entity's
use	additional 10% placement capacity under listing rule 7.1A (if applicable)?
No
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
personal	7D.4 Will any of the +securities to be issued be subject to +voluntary escrow?
Yes
		7D.4a Please enter the number and +class of the +securities subject to +voluntary escrow and the date from which
		they will cease to be subject to +voluntary escrow
		625,000 LYN Ordinary Fully Paid Shares subject to voluntary escrow until 17 November 2023
	Part 7E - Fees and expenses
		7E.1 Will there be a lead manager or broker to the proposed issue?
		No
		7E.2 Is the proposed issue to be underwritten?
For	No
7E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed issue

Proposed issue of securities

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