Minbos Resources : Proposed issue of securities - MNB

Proposed issue of securities

Announcement Summary

For personal use only

Entity name

MINBOS RESOURCES LIMITED

Announcement Type

New announcement

Date of this announcement

14/12/2021

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	Unlisted Options	2,000,000
confirmed
MNB	ORDINARY FULLY PAID	60,000,000

Proposed +issue date

21/12/2021

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

MINBOS 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
ACN	141175493
1.3	ASX issuer code
MNB

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

14/12/2021

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	31/1/2022		actual?	received/condition met?
			Estimated
		Comments
		To seek approval for the issuance of 5,150,000 fully paid ordinary shares (Tranche 2), being Minbos Directors
personal	participation in the Placement, at Minbos' Annual General Meeting scheduled for late January 2022.
	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?
		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
MNB : ORDINARY FULLY PAID
		Number of +securities proposed to be issued
		60,000,000
		Offer price details
		Are the +securities proposed to be issued being issued for a cash
		consideration?
		Yes
		In what currency is the cash		What is the issue price per
	Proposed issue of securities			3 / 7

Proposed issue of securities

		consideration being paid?		+security?
		AUD - Australian Dollar		AUD 0.10000
only	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
use	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
personal	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?		No
		No
		ASX +security code		+Security description
		New class-code to be confirmed		Unlisted Options
		+Security type
		Options
		Number of +securities proposed to be issued
		2,000,000
For	Offer price details
Are the +securities proposed to be issued being issued for a cash consideration?
		Yes
		In what currency is the cash		What is the issue price per
		consideration being paid?		+security?
		AUD - Australian Dollar		AUD 0.00001

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

Yes

Proposed issue of securities

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Proposed issue of securities

Options details

only		+Security currency	Exercise price	Expiry date
			AUD - Australian Dollar	AUD 0.1500	21/12/2024
			Details of the type of +security that will be issued if the option is exercised
			MNB : ORDINARY FULLY PAID
			Number of securities that will be issued if the option is exercised
use		One fully paid ordinary share will be issued upon conversion of every one unlisted option in this Class.
	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.
			Refer to Announcement made on 14 December 2021 - "$6.0m Placement to Drive Green Ammonia and Phosphate
			Nutrient Projects".
personal
	P rt 7C - Timetable
		7C.1 Proposed +issue date
		21/12/2021
	Pa t 7D - Listing Rule requirements
		7D.1 Has the entity obtained, or is it obtaining, +security holder approval for the entire issue under listing rule 7.1?
			No
For	7D.1b Are any of the +securities proposed to be issued without +security holder approval using the entity's 15%
placement capacity under listing rule 7.1?
	Yes
		7D.1b ( i ) How many +securities are proposed to be issued without security holder approval using the entity's 15%
		placement capacity under listing rule 7.1?
			54,850,000 fully paid ordinary shares (Tranche 1).
			2,000,000 unlisted options at an issue price of $0.00001 exercisable at $0.15 and expiring 3 years from date of issue.

7D.1c Are any of the +securities proposed to be issued without +security holder approval using the entity's additional 10% placement capacity under listing rule 7.1A (if applicable)?

No

7D.2 Is a party referred to in listing rule 10.11 participating in the proposed issue?

Proposed issue of securities

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