Ozz Resources : Proposed issue of securities - OZZ

Proposed issue of securities

Announcement Summary

For personal use only

Entity name

OZZ RESOURCES LIMITED

Announcement Type

New announcement

Date of this announcement

4/3/2022

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

		Maximum Number of
ASX +security code	+Security description	+securities to be issued
New class-code to be	Performance Shares	840,000
confirmed
OZZ	ORDINARY FULLY PAID	960,000

Proposed +issue date

4/3/2022

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

OZZ 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	643844544
1.3	ASX issuer code
OZZ

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

4/3/2022

1.6 The Proposed issue is:

A placement or other type of issue

Proposed issue of securities

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Proposed issue of 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
			OZZ : ORDINARY FULLY PAID
			Number of +securities proposed to be issued
		960,000
			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
			Part consideration for the acquisition of 4 tenements (the Linger & Die Goldfield) P37/9139 P37/8573 E37/1234 &
			E37/1235 in accordance with a Tenement Sale Agreement
			Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities
		82,560.000000
			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)?
		New class
	Details of +securities proposed to be issued
use	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
		No
personal	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
840,000
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
Part consideration for the acquisition of 4 tenements (the Linger & Die Goldfield) P37/9139 P37/8573 E37/1234 &
For	E37/1235 in accordance with a Tenement Sale Agreement, convertible to ordinary shares upon the following milestone
being achieved by 30th November 2022 ¿ that OZZ is satisfied that United Mines Pty Ltd has satisfied all rehabilitation
		obligations, to normal industry standards, of any areas disturbed by mining. This work will include contouring of any waste
		dumps and ripping of compacted areas.
		Please provide an estimate of the AUD equivalent of the consideration being
		provided for the +securities
		Will all the +securities issued in this class rank equally in all respects from
		their issue date?
		Yes
	Proposed issue of securities	4 / 6

Proposed issue of securities

Performance shares/units details

only		+Security currency
	AUD - Australian Dollar
	Will there be CDIs issued over the
			+securities?
			No
			Is it a partly paid class of +security?
			No
			Is it a stapled +security?
use		No
	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.
			https://www2.asx.com.au/markets/trade-our-cash-market/announcements.ozz
			Announcement titled 'OZZ ACQUIRES HISTORIC HIGH-GRADE LEONORA GOLDFIELD' dated 3 Mar 2022
personal	placement capacity under listing rule 7.1?
	P rt 7C - Timetable
		7C.1 Proposed +issue date
		4/3/2022
	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
		7D.1b Are any of the +securities proposed to be issued without +security holder approval using the entity's 15%
For		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?
		1800000
		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)?
			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?
	Proposed issue of securities	5 / 6