Resolution Minerals : Proposed issue of securities - RML

Proposed issue of securities

Announcement Summary

For personal use only

Entity name

RESOLUTION MINERALS LTD

Announcement Type

New announcement

Date of this announcement

25/5/2022

The Proposed issue is:

A standard pro rata issue (including non-renounceable or renounceable)

Total number of +securities proposed to be issued for a standard pro rata issue (including non-renounceable or renounceable)

		Maximum Number of
ASX +security code	+Security description	+securities to be issued
New class-code to be	Options with an exercise price of $0.015 and expiry of 31	410,229,124
confirmed	July 2025.
Ex date
30/5/2022
+Record date
31/5/2022
Offer closing date
8/7/2022
Issue date
14/7/2022

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

RESOLUTION MINERALS 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	99617789732
1.3	ASX issuer code
RML

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

25/5/2022

1.6 The Proposed issue is:

A standard +pro rata issue (non-renounceable or renounceable)

1.6a The proposed standard +pro rata issue is: + Non-renounceable

Proposed issue of securities

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Proposed issue of securities

Part 3 - Details of proposed entitlement offer issue

only
	Part 3A - Conditions
		3A.1 Do any external approvals need to be obtained or other conditions satisfied before the entitlement offer can
		proceed on an unconditional basis?
use		No
	Part 3B - Offer details
			Class or classes of +securities that will participate in the proposed issue and class or classes of +securities
personal		proposed to be issued
	ASX +security code and description
			RML : ORDINARY FULLY PAID
			Is the proposed security a 'New		Will the proposed issue of this	If the entity has quoted company
			class' (+securities in a class that is		+security include an offer of	options, do the terms entitle option
			not yet quoted or recorded by ASX)		attaching +securities?	holders to participate on exercise?
			or an 'Existing class' (additional		No	Yes
			securities in a class that is already
			quoted or recorded by ASX)?
			New class
	D	tails of +securities proposed to be issued
			ISIN Code (if Issuer is a foreign company and +securities are non CDIs)
For		ISIN Code for the entitlement or right to participate in a non-renounceable
	issue (if Issuer is 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?		Yes
			Yes
			ASX +security code		+Security description
			New class-code to be confirmed		Options with an exercise price of $0.015 and expiry of 31 July 2025.

Proposed issue of securities

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Proposed issue of securities

+Security type

Options

Offer ratio (ratio to existing holdings at which the proposed +securities will be issued)

only	The quantity of additional +securities	For a given quantity of +securities
to be issued	held
1	2
	What will be done with fractional	Maximum number of +securities
	entitlements?	proposed to be issued (subject to
		rounding)
	Fractions rounded up to the next	410,229,124
use	whole number
Offer price details for retail security holders
	In what currency will the offer be	What is the offer price per +security
	made?	for the retail offer?
personal	AUD - Australian Dollar	AUD 0.00200
Oversubscription & Scale back details
	Will individual +security holders be permitted to apply for more than their
	entitlement (i.e. to over-subscribe)?
	No
	Will a scale back be applied if the offer is over-subscribed?
	No
	Will all the +securities issued in this class rank equally in all respects from
	their issue date?
For	Yes
Options details
	+Security currency	Exercise price	Expiry date
	AUD - Australian Dollar	AUD 0.0150	31/7/2025

Details of the type of +security that will be issued if the option is exercised

RML : ORDINARY FULLY PAID

Proposed issue of securities

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3C.7 Last day to extend the offer closing date 5/7/2022

Proposed issue of securities

8/7/2022

3C.6 Offer closing date

2/6/2022

3C.5 Date on which offer documents will be sent to +security holders entitled to participate in the +pro rata issue

31/5/2022

3C.4 Record date

30/5/2022

3C.2 Ex date

31/5/2022

3C.1 +Record date

31/5/2022

Date Option must be exercised by

RMLOB : OPTION EXPIRING 30-SEP-2023

ASX +security code and description

31/5/2022

Date Option must be exercised by

RMLOA : OPTION EXPIRING 30-JUN-2022

ASX +security code and description

The terms of the options will be included in the options rights issue prospectus lodged on 25 May 2022.

onlyDetails of company options where holders entitled to participate in the offer

usepersonalPart 3C - Timetable For

Proposed issue of securities

Number of securities that will be issued if the option is exercised

One RML share will be issued for each option exercised.

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.