Notification of Issue, Conversion or Payment up of Unquoted Equity SecuritiesAnnouncement Summary

Entity name

For personal use only

SCORPION MINERALS LIMITED

Date of this announcement Thursday April 21, 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

ASX +security code

New class - code to be confirmedNew class - code to be confirmedNew class - code to be confirmed

Security description

  • OPTION EXPIRING 21-APR-2024 EX NIL 750,000 21/04/2022

  • OPTION EXPIRING 21-APR-2025 EX NIL 750,000 21/04/2022

  • OPTION EXPIRING 21-APR-2026 EX NIL 750,000 21/04/2022

Refer to next page for full details of the announcement

Total number of

+securities to be issued/transferred Issue date

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

1 / 9

Notification of Issue, Conversion or Payment up of Unquoted Equity SecuritiesPart 1 - Entity and announcement details

For personal use only

1.1 Name of entity

SCORPION 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 ABN

1.3 ASX issuer code SCN

1.4 The announcement isNew announcement

1.5 Date of this announcement 21/4/2022

Registration number 40115535030

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

2 / 9

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:does not have an existing ASX security code ("new class")

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

3 / 9

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

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

For personal use only

ASX +security code

+Security description

New class - code to be confirmed

OPTION EXPIRING 21-APR-2024 EX NIL

+Security type

ISIN code

Options

Date the +securities the subject of this notification were issued 21/4/2022

Will all the +securities issued in this class rank equally in all respects from their issue date?

Yes

Were any of the +securities issued to +key management personnel (KMP) or an +associate?

No

Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1?

No

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued.

Options Details

+Security currency

Exercise price

Expiry date

AUD - Australian Dollar

AUD 0.00000000

21/4/2024

Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option

Other

Description

SCN: FULLY PAID ORDINARY SHARES

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

The general terms of the Employee Option Plan under which the securities are being issued are set out on the Company's 2020 Notice of Annual General Meeting, available at the following link:https://www.scorpionminerals.com.au/wp-content/uploads/2020/10/2135624.pdf

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

4 / 9

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

Any other information the entity wishes to provide about the +securities the subject of this notification

Issue details

For personal use only

Number of +securities

750,000

ASX +security code

+Security description

New class - code to be confirmed

OPTION EXPIRING 21-APR-2025 EX NIL

+Security type

ISIN code

Options

Date the +securities the subject of this notification were issued 21/4/2022

Will all the +securities issued in this class rank equally in all respects from their issue date?

Yes

Were any of the +securities issued to +key management personnel (KMP) or an +associate?

No

Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1?

No

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued.

Options Details

+Security currency

Exercise price

Expiry date

AUD - Australian Dollar

AUD 0.00000000

21/4/2025

Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option

Other

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

5 / 9

This is an excerpt of the original content. To continue reading it, access the original document here.

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

Scorpion Minerals Limited published this content on 21 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 April 2022 07:34:01 UTC.