Resource Mining : Proposed issue of securities - RMI

Proposed issue of securities

Announcement Summary

For personal use only

Entity name

RESOURCE MINING CORPORATION LIMITED

Announcement Type

New announcement

Date of this announcement 14/12/2021

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
RMI	ORDINARY FULLY PAID	36,375,000

Proposed +issue date

21/1/2022

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

RESOURCE MINING CORPORATION 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
ABN	97008045083
1.3	ASX issuer code
RMI

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

14/12/2021

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	21/1/2022		actual?	received/condition met?
			Actual
		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
RMI : ORDINARY FULLY PAID

Number of +securities proposed to be issued 2,000,000

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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Proposed issue of securities

Please describe the consideration being provided for the +securities

For the period July 2015 to June 2021, $300,000 of remuneration for RMI Director Mr Mackenzie has accrued, but not been paid to Mr Mackenzie. Mr Mackenzie has agreed to receive $50,000 worth of RMI shares plus $5,000 of statutory superannuation in lieu of $300,000 in unpaid remuneration for the period July 2015 to June 2021. The actual number of Shares to be issued will be determined by dividing $50,000 by the volume weighted average sale price of Shares sold on ASX during the 20 consecutive trading days prior to the date of the Annual General Meeting

only	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
		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
usequoted or recorded by ASX)?
personal	Existing class
	Details of +securities proposed to be issued
		ASX +security code and description
		RMI : ORDINARY FULLY PAID
		Number of +securities proposed to be issued
		34,375,000
		Offer price details
		Are the +securities proposed to be issued being issued for a cash
		consideration?
		No
For	Please describe the consideration being provided for the +securities
Issued as consideration for repayment of $550,000 of debt owing to Kabunga Holdings Pty Ltd. The issue price per Share
		will be 1.6 cents, the same price as the recent Placement Shares.
		Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities
		550,000.000000
		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	4 / 6

Proposed issue of securities

Part 7C - Timetable

only	7C.1 Proposed +issue date
		21/1/2022
	Part 7D - Listing Rule requirements
use	7D.1 Has the entity obtained, or is it obtaining, +security holder approval for the entire issue under listing rule 7.1?
Yes
		7D.1a Date of meeting or proposed meeting to approve the issue under listing rule 7.1
		21/1/2022
personal	7D.2 Is a party referred to in listing rule 10.11 participating in the proposed issue?
Yes
		7D.3 Will any of the +securities to be issued be +restricted securities for the purposes of the listing rules?
		No
		7D.4 Will any of the +securities to be issued be subject to +voluntary escrow?
		No
	Part 7E - Fees and expenses
		7E.1 Will there be a lead manager or broker to the proposed issue?
		No
For	7E.2 Is the proposed issue to be underwritten?
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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