Northern Minerals : Notification regarding unquoted securities - NTU

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Announcement Summary

use only

Entity name

NORTHERN MINERALS LIMITED

Date of this announcement

Monday January 24, 2022

The +securities the subject of this notification are:

+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

Total number of +securities to be issued/transferred

		Total number of
ASX +security		+securities to be
code	Security description	issued/transferred	Issue date
NTUAZ	PERFORMANCE RIGHTS	750,000	17/01/2022

For personal

Refer to next page for full details of the announcement

Notification of Issue, Conversion or Payment up of Unquoted

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Part 1 - Entity and announcement details

For personal use only

1.1 Name of entity

NORTHERN MINERALS LIMITED

We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.

1.2	Registered number type	Registration number
ABN	61119966353
1.3	ASX issuer code
NTU

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

24/1/2022

Notification of Issue, Conversion or Payment up of Unquoted

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Part 2 - Issue details

2.1 The +securities the subject of this notification are:

+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

For personal use only

2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which:

has an existing ASX security code ("existing class")

Notification of Issue, Conversion or Payment up of Unquoted

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Part 3B - number and type of +securities the subject of this notification (existing class) where issue has not previously been notified to ASX in an Appendix 3B

only	ASX +security code and description
	NTUAZ : PERFORMANCE RIGHTS
	Date the +securities the subject of this notification were issued
	17/1/2022
use	Will these +securities rank equally in all respects from their issue date with the existing issued
+securities in that class
Yes
	Were any of the +securities issued to +key management personnel (KMP) or an +associate?
	No
personal	Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme
or a summary of the terms
A summary of the Northern Minerals Performance Rights Plan is included as Annexure B in the Notice of Annual General
	Meeting that was released to the ASX on 25 October 2021 and is available at this link https://cdn-api.markitdigital.com/api
	man-gateway/ASX/asx-research/1.0/file/2924-02440553-6A1057906?access_token=83ff96335c2d45a094df02a206a39ff4
	Any other information the entity wishes to provide about the +securities the subject of this notification
	A total of 750,000 performance rights have been issued with the same performance conditions ( for each Tranche
	described below) as detailed in the announcement released to the ASX on 27 September 2021 available at the following
	link ,https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02426762-6A1052350?access_to
	ken=83ff96335c2d45a094df02a206a39ff4. 200,000 performance rights have been issued with the same performance
	conditions as Tranche 2; 200,000 performance rights have been issued with the same performance conditions as Tranche
	4; 200,000 performance rights have been issued with the same performance conditions as Tranche 5; and 150,000
	performance rights have been issued with the same performance conditions as Tranche 3.
	The performance rights will not vest and become exercisable unless the performance conditions attaching to them have
	been satisfied.
For

Issue details

Number of +securities 750,000

Notification of Issue, Conversion or Payment up of Unquoted

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Part 4 - +Securities on issue

For personal use only

Following the issue, conversion or payment up of the +securities the subject of this application, the +securities of the entity will comprise:

(A discrepancy in these figures compared to your own may be due to a matter of timing if there is more than one application for quotation/issuance currently with ASX for processing.)

4.1 Quoted +Securities (Total number of each +class of +securities quoted)
	Total number of
ASX +security code and description	+securities on issue
NTU : ORDINARY FULLY PAID	4,856,516,299

4.2 Unquoted +Securities (Total number of each +class of +securities issued but not quoted on ASX)

	Total number of
ASX +security code and description	+securities on issue
NTUAI : ORDINARY FULLY PAID	4,353,400
NTUAA : OPTION EXPIRING 02-MAR-2024 EX 4.5C	26,500,000
NTUAZ : PERFORMANCE RIGHTS	34,873,332
NTUAX : OPTION EXPIRING 22-FEB-2024 EX $0.074	153,061,226
NTUAY : OPTION EXPIRING 27-JUL-2024 EX $0.074	51,020,408

Notification of Issue, Conversion or Payment up of Unquoted

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