Pursuit Minerals : Proposed issue of securities - PUR

Proposed issue of securities

Announcement Summary

For personal use only

Entity name

PURSUIT MINERALS LTD

Announcement Type

New announcement

Date of this announcement

22/12/2021

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	2,500,000
confirmed
PUR	ORDINARY FULLY PAID	21,871,610

Proposed +issue date

31/1/2022

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

PURSUIT MINERALS 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	27128806977
1.3	ASX issuer code
PUR

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

22/12/2021

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?
			Actual
		Comments
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	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
PUR : ORDINARY FULLY PAID

Number of +securities proposed to be issued 8,535,278

Offer price details

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

No

Proposed issue of securities

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Proposed issue of securities

Please describe the consideration being provided for the +securities

refer to Commando acquisition announcement dated 16/12/2021. Shares form part of the acquisition of the Commando option payment.

Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities

240,000.000000

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
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
personal	ASX +security code and description
	PUR : ORDINARY FULLY PAID
	Number of +securities proposed to be issued
	13,336,332
	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
	Under the opiton agreement to acquire Commando. the Company can secure 100% of the project with the issue of
For	13,336,332, 45% of the project with the issue of 6,223,640 shares or elect not to proceed.
Yes
	Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities
	375,000.000000

Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class?

Proposed issue of securities

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Proposed issue of securities

Is the proposed 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

Will the proposed issue of this +security include an offer of attaching +securities?

No

only
	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
use	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
		Yes
		ASX +security code		+Security description
		New class-code to be confirmed		Unlisted Options
		+Security type
personal	Options
Number of +securities proposed to be issued
		2,500,000
		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
		Form part of the Commando Consideration
		Please provide an estimate of the AUD equivalent of the consideration being
		provided for the +securities
		1,000.000000
For	Will all the +securities issued in this class rank equally in all respects from
their issue date?
		Yes
	Options details
		+Security currency		Exercise price	Expiry date
		AUD - Australian Dollar		AUD 0.0281	21/12/2024
	Proposed issue of securities	5 / 7