EMetals : Proposed issue of securities - EMT

Proposed issue of securities

Announcement Summary

For personal use only

Entity name

EMETALS LIMITED

Announcement Type

New announcement

Date of this announcement

19/11/2021

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	Unlisted Options, exercisable at $0.03 on or before 30	350,000,000
confirmed	September 2025
New class-code to be	Unlisted Options, exercisable at $0.03 on or before 30	40,000,000
confirmed	September 2025
New class-code to be	Unlisted Options, exercisable at $0.03 on or before 30	30,000,000
confirmed	September 2025
EMT	ORDINARY FULLY PAID	335,000,000

Proposed +issue date 23/12/2021

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

EMETALS 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
ACN	142411390
1.3	ASX issuer code
EMT

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

19/11/2021

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	23/12/2021	actual?	received/condition met?
		Estimated
						No
		Comments
		The Placement and associated securities issues will be subject to shareholder approval.
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	Yes
		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
EMT : ORDINARY FULLY PAID

Number of +securities proposed to be issued 250,000,000

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 0.01250

only	Will these +securities rank equally in all respects from their issue date with
the existing issued +securities in that class?
			Yes
	Attaching +Security
use	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
	Attaching +Security - New class (+securities in a class that is not yet quoted or recorded by ASX)
personal		Details of attaching +securities proposed to be issued
	ISIN Code (if Issuer is a foreign company and +securities are non CDIs)
			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			Unlisted Options, exercisable at $0.03 on or before 30
						September 2025
			+Security type
			Options
			Number of +securities proposed to be issued
For	350,000,000
	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
			Free attaching one for one Unlisted Options issued pursuant to the Placement
			Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities
		1,424,665.000000
	Proposed issue of securities	4 / 11

Proposed issue of securities

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

Yes

	Options details
only		+Security currency
	AUD - Australian Dollar
	Exercise price	Expiry date
	AUD 0.0300	30/9/2025
use		Details of the type of +security that will be issued if the option is exercised
			Other
			Description
			Free attaching one for one Unlisted Options issued pursuant to the Placement
personal		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.
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	ASX +security code and description
EMT : ORDINARY FULLY PAID
Number of +securities proposed to be issued
40,000,000
Offer price details
		Are the +securities proposed to be issued being issued for a cash
		consideration?
			Yes
	Proposed issue of securities	5 / 11