Tamaska Oil and Gas : February 22,2021Proposed issue of securities – TMKDownload PDF

Announcement Summary

Entity name

TAMASKA OIL AND GAS LTD

Announcement Type

New announcement

Date of this announcement Monday February 22, 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 issueASX +security code

+Security descriptionMaximum Number of

+securities to be issued

n/aProposed +issue date Wednesday March 31, 2021

Performance Shares

Refer to next page for full details of the announcement

45,000,000

Part 1 - Entity and announcement details

1.1 Name of +Entity TAMASKA OIL AND GAS 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.

1.2 Registered Number Type ABN

1.3 ASX issuer code TMK

1.4 The announcement isNew announcement

1.5 Date of this announcement Monday February 22, 2021

1.6 The Proposed issue is:

A placement or other type of issue

Registration Number 66127735442

Part 7 - Details of proposed placement or other issuePart 7A - Conditions

7A.1 - Are any of the following approvals required for the placement or other type of issue?+Security holder approval

Court approval

Lodgement of court order with +ASICACCC approval

FIRB approval

Another approval/condition external to the entity

Yes

7A.1a Conditions

Approval/Condition +Security holder approvalDate for determination Wednesday March 31, 2021

Is the date estimated or actual?

Estimated

** Approval received/condition met?

No

Comments

Part 7B - Issue details

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

Details of +securities proposed to be issued

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

No

ISIN Code (if Issuer is a foreign company and +securities are non CDIs)Have you received confirmation from Will the entity be seeking quotationASX that the terms of the proposed +securities are appropriate and equitable under listing rule 6.1?

No

ASX +security code

New class-code to be confirmed

Performance Shares

of the 'new' class of +securities on ASX?

Yes

+Security description

+Security type Performance shares/units

Number of +securities proposed to be issued

45,000,000

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

Part consideration for acquisition of 20% interest in Skye Napoleon

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

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

Yes

Performance shares/units details

+Security currency

AUD - Australian Dollar

Will there be CDIs issued over the +securities?

No

Is it a partly paid class of +security?

No

Is it a stapled +security?

No

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.

Part 7C - Timetable

7C.1 Proposed +issue date

Wednesday March 31, 2021