Comet Resources : Proposed issue of securities - CRL

Proposed issue of securities

Announcement Summary

For ersonalp use only

Entity name

COMET RESOURCES LIMITED

Announcement Type

New announcement

Date of this announcement

31/5/2022

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	Exercise price of $0.30 expiring 3 years from date of issue	5,000,000
confirmed
New class-code to be	Exercise price of $0.30 expiring 3 years from date of issue	10,625,000
confirmed
New class-code to be	Exercise price of $0.20 expiring 2 years from issue date	26,150,000
confirmed
New class-code to be	Exercise price $0.30 expiring 4 years from issue date	15,000,000
confirmed
New class-code to be	Exercise price $0.30 expiring 3 years from issue date	13,500,000
confirmed
CRL	ORDINARY FULLY PAID	103,550,000

Proposed +issue date

5/7/2022

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

COMET 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
ABN	88060628202
1.3	ASX issuer code
CRL

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

31/5/2022

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?
		Yes
use	7A.1a Conditions
Approval/Condition	Date for determination	Is the date estimated or	** Approval
		+Security holder approval	27/6/2022		actual?	received/condition met?
			Actual
						No
		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
CRL : ORDINARY FULLY PAID

Number of +securities proposed to be issued 98,550,000

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

Consideration Shares, please refer Notice of General Meeting 27 June 2022.

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

19,710,000.000000

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	Yes
		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

CRL : ORDINARY FULLY PAID

Number of +securities proposed to be issued

5,000,000

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

Introduction shares, please refer Notice of General Meeting 27 June 2022.

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

1,000,000.000000

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

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Proposed issue of securities

Attaching +Security

Is the proposed attaching security a 'New class' (+securities in a class that is not yet quoted or recorded by ASX) or an 'Existing class' (additional +securities in a class that is already quoted or recorded by ASX)?

New class

only
Attaching +Security - New class (+securities in a class that is not yet quoted or recorded by ASX)
	Details of attaching +securities proposed to be issued
	ISIN Code (if Issuer is a foreign company and +securities are non CDIs)
use	Have you received confirmation from ASX that the terms		Will the entity be seeking quotation of the 'new' class o
of the proposed +securities are appropriate and		+securities on ASX?
	equitable under listing rule 6.1?		No
	No
	ASX +security code		+Security description
	New class-code to be confirmed		Exercise price of $0.30 expiring 3 years from date of issue
	+Security type
personal	Options
Number of +securities proposed to be issued
	5,000,000
	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
	Introduction options, please refer Notice of General Meeting 27 June 2022.
	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

Options details

+Security currency AUD - Australian Dollar

Proposed issue of securities

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