Meteoric Resources NL : Update - Proposed issue of securities - MEI

Proposed issue of securities

Update Summary

For personal use only

Entity name

METEORIC RESOURCES NL

Announcement Type

Update to previous announcement

Date of this announcement

13/12/2021

Reason for update to a previous announcement

Revised number of SPP Shares and Options

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

METEORIC RESOURCES NL

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	107985651
1.3	ASX issuer code
MEI

1.4 The announcement is

Update/amendment to previous announcement

1.4a Reason for update to a previous announcement

Revised number of SPP Shares and Options

1.4b Date of previous announcement to this update

3/11/2021

1.5 Date of this announcement

13/12/2021

1.6 The Proposed issue is:

An offer of +securities under a +securities purchase plan

A placement or other type of issue

Proposed issue of securities

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Proposed issue of securities

Part 4 - Details of proposed offer under securities purchase plan

Part 4A - Conditions

For personal use only

4A.1 Do any external approvals need to be obtained or other conditions satisfied before the offer of +securities under the +securities purchase plan issue can proceed on an unconditional basis?

No

Proposed issue of securities

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Proposed issue of securities

Part 4B - Offer details

Class or classes of +securities that will participate in the proposed issue and class or classes of +securities proposed to be issued

only	ASX +security code and description
		MEI : ORDINARY FULLY PAID
		Will the proposed issue of this
		+security include an offer of
		attaching +securities?
use	Yes
	D tails of +securities proposed to be issued
		ASX +security code and description
		MEI : ORDINARY FULLY PAID
		Maximum total number of those +securities that could be issued
		if all offers under the +securities purchase plan are accepted
personal	64,005,832
Reason for the update of 'Maximum total number of those +securities that could be issued if all
		offers under the +securities purchase plan are accepted'
		Oversubscriptions received to be accepted.
		Will the offer be conditional on applications for a minimum
		number of +securities being received or a minimum amount
		being raised (i.e. a minimum subscription condition)?
		No
		Will the offer be conditional on applications for a maximum
		number of +securities being received or a maximum amount
		being raised (i.e. a maximum subscription condition)?
		No
		Will individual security holders be required to accept the offer for
		a minimum number or value of +securities (i.e. a minimum
		acceptance condition)?
For	No
Will individual security holders be limited to accepting the offer
		for a maximum number or value of +securities (i.e. a maximum
		acceptance condition)?
		No
		Describe all the applicable parcels available for this offer in number of securities or dollar value
		$2,000
		$5,000
		$10,000
		$15,000
	Proposed issue of securities	4 / 13

Proposed issue of securities

$20,000 $25,000 $30,000

		Offer price details
only	Has the offer price been determined?
	Yes
In what currency will the offer	What is the offer price per
be made?	+security?
AUD - Australian Dollar	AUD 0.01700
Oversubscription & Scale back details
use	Will a scale back be applied if the offer is over-subscribed?
	Yes
		Describe the scale back arrangements
			Scaleback at the discretion of the Board in consultation with the Underwriter
		Will these +securities rank equally in all respects from their issue date with the existing issued
		+securities in that class?
personal		Yes
	Attaching +Security
		The proposed attaching security can only be of 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)
			Details of attaching +securities proposed to be issued
For		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
			No
			ASX +security code			+Security description
			New class-code to be confirmed			Options exercisable at $0.024 expiring 28 May 2023

+Security type Options

Offer ratio (ratio of attaching securities at which the new +securities will be issued)

Proposed issue of securities

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