6,350,000 Options of Norfolk Metals Limited are subject to a Lock-Up Agreement Ending on 22-MAR-2024.
March 22, 2024
Share
6,350,000 Options of Norfolk Metals Limited are subject to a Lock-Up Agreement Ending on 22-MAR-2024. These Options will be under lockup for 735 days starting from 18-MAR-2022 to 22-MAR-2024.
Details:
2,675,004 fully paid ordinary shares classified by ASX as restricted securities and to be held in escrow until 22 March 2024, being 24 months from the date of Quotation.
500,000 fully paid ordinary shares classified by ASX as restricted securities and to be held in escrow until 14 March 2023, being 12 months from the date of issue.
1,548,000 fully paid ordinary shares classified by ASX as restricted securities and to be held in escrow until 10 October 2022, being 12 months from the date of issue.
3,100,000 options exercisable at AUD 0.25 on or before 14 March 2027,classified by ASX as restricted securities and to be held in escrow until 22 March 2024, being 24 months from the date of Quotation.
2,500,000 options exercisable at AUD 0.25 on or before 18 November 2026,classified by ASX as restricted securities and to be held in escrow until 22 March 2024, being 24 months from the date of Quotation.
750,000 options exercisable at AUD 0.25 on or before 10 October 2026, classified by ASX as restricted securities and to be held in escrow until 22 March 2024, being 24 months from the date of Quotation.
2,150,000 options exercisable at AUD 0.25 on or before 10 October 2026, classified by ASX as restricted securities and to be held in escrow until 10 October 2022, being 12 months from the date of issue.
1,400,000 performance rights classified by ASX as restricted securities and to be held in escrow until 22 March 2024, being 24 months from the date of Quotation.
Norfolk Metals Limited is an Australia-based mineral exploration and resource development Company. The Company is a gold and uranium focused explorer with assets located in Tasmania and South Australia respectively. It holds interest in Roger River Project and the Orroroo Uranium Project. The Roger River Project comprises two granted exploration licenses, EL20/2020, and EL17/2021, which together cover 261 kilometers (km2), located 410 kilometers (km) northwest of the capital city of Hobart, Tasmania. The Project is prospective for gold and copper as indicated by the intense silicification, argillisation and diatreme breccias in close proximity to the Roger River Fault along with carbonate-rich host rocks. The Orroroo Uranium Project comprises two granted exploration licenses, EL6552, and EL6814, which together cover 659km2, located approximately 274 km northwest of the capital city of Adelaide, South Australia within the Walloway Basin.