Metals Australia : Cancel - Proposed issue of securities - MLS

Proposed issue of securities

Cancellation Summary

For personal use only

Entity name

METALS AUSTRALIA LTD

Announcement Type

Cancellation of previous announcement

Date of this announcement

8/3/2022

Reason for cancellation of previous announcement

A new Appendix 3B has been created for the purposes of satisfying the requirements under 723(3) of the Corporations Act.

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

METALS AUSTRALIA 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
ABN	38008982474
1.3	ASX issuer code
MLS

1.4 The announcement is

Cancellation of previous announcement

1.4c Reason for cancellation of previous announcement

A new Appendix 3B has been created for the purposes of satisfying the requirements under 723(3) of the Corporations Act.

1.4d Date of previous announcement to this cancellation

7/3/2022

1.5 Date of this announcement

8/3/2022

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?
use	No
	Part 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?
personal	or an 'Existing class' (additional	Yes
securities in a class that is already
consideration?
		quoted or recorded by ASX)?
		Existing class
	Details of +securities proposed to be issued
		ASX +security code and description
		MLS : ORDINARY FULLY PAID
		Number of +securities proposed to be issued
		100,000,000
		Offer price details
		Are the +securities proposed to be issued being issued for a cash
For	Yes
In what currency is the cash	What is the issue price per
		consideration being paid?	+security?
		AUD - Australian Dollar	AUD 0.07800

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
use	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?		Yes
	Yes
	ASX +security code		+Security description
	New class-code to be confirmed		Options to buy fully paid MLS shares at $0.05 on or before
personal			10 February 2024.
Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities
	+Security type
	Options
	Number of +securities proposed to be issued
	100,000,000
	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
	Provided as free-attaching option for placement of a fully paid share.
For
0.000010

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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Proposed issue of securities

	Exercise price	Expiry date
	AUD 0.0500	10/2/2024
	Details of the type of +security that will be issued if the option is exercised
only	MLS : ORDINARY FULLY PAID
Number of securities that will be issued if the option is exercised
	One fully paid ordinary share (ASX: MLS)
	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.

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
personal	quoted or recorded by ASX)?
New class
	Details of +securities proposed to be issued
		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?
		equitable under listing rule 6.1?		Yes
		Yes
		ASX +security code		+Security description
		New class-code to be confirmed		Options to buy fully paid MLS shares at $0.05 on or before 10 February 2024
		+Security type
For	Options
Number of +securities proposed to be issued
		25,000,000

Offer price details

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

Yes

In what currency is the cash consideration being paid?

AUD - Australian Dollar

What is the issue price per +security?

AUD 0.00010

Proposed issue of securities

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