Tamaska Oil and Gas : Proposed issue of securities - TMK

Proposed issue of securities

Announcement Summary

For personal use only

Entity name

TAMASKA OIL AND GAS LTD

Announcement Type

New announcement

Date of this announcement

16/12/2021

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
New class-code to be	Performance Shares which convert on a 1 for 1 basis on the	1,600,000,000
confirmed	satisfaction of various milestones
New class-code to be	Management Performance Rights	200,000,000
confirmed
New class-code to be	Unlisted Options - Introduction Fee	75,000,000
confirmed
TMK	ORDINARY FULLY PAID	1,895,000,000

Proposed +issue date 7/2/2022

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

TAMASKA OIL AND GAS 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
ACN	127735442
1.3	ASX issuer code
TMK

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

16/12/2021

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	7/2/2022		actual?	received/condition met?
			Estimated
		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
TMK : ORDINARY FULLY PAID

Number of +securities proposed to be issued 245,000,000

Offer price details

Are the +securities proposed to be issued being issued for a cash consideration?

Yes

Proposed issue of securities

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Proposed issue of securities

In what currency is the cash consideration being paid?

AUD - Australian Dollar

What is the issue price per +security?

AUD 0.00800

only	Will these +securities rank equally in all respects from their issue date with
the existing issued +securities in that class?
		Yes
use	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 personal

ASX +security code and description

TMK : ORDINARY FULLY PAID

Number of +securities proposed to be issued

1,600,000,000

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

TMK will acquire Telmen through the issue of 1.6 billion shares and 1.6 billion performance shares to be issued to Telmen shareholders on a pro-rata basis to their shareholding in Telmen.

Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities

12,800,000.000000

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
Proposed issue of securities	4 / 11

Proposed issue of securities

		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
only	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?
use
equitable under listing rule 6.1?		No
Yes
ASX +security code		+Security description
New class-code to be confirmed		Performance Shares which convert on a 1 for 1 basis on the satisfaction of
		various milestones
+Security type
Performance shares/units
personal
Number of +securities proposed to be issued
1,600,000,000
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
Acquisition cost : 1.6 billion shares and 1.6 billion performances shares to be issued to Telmen shareholders on a
pro-rata basis to their shareholding in Telmen - As per ASX announcement 16/12/2021
Please provide an estimate of the AUD equivalent of the consideration being
provided for the +securities
For	Will all the +securities issued in this class rank equally in all respects from
their issue date?
Yes
	Performance shares/units details
		+Security currency
		AUD - Australian Dollar
	Proposed issue of securities	5 / 11