White Cliff Minerals : Notification regarding unquoted securities - WCN

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Announcement Summary

For personal use only

Entity name

WHITE CLIFF MINERALS LIMITED

Date of this announcement

Monday February 28, 2022

The +securities the subject of this notification are:

Other

Total number of +securities to be issued/transferred

		Total number of
ASX +security		+securities to be
code	Security description	issued/transferred	Issue date
New class - code	Unlisted options exercisable at $0.035 expiring 30	50,000,000	28/02/2022
to be confirmed	June 2023
New class - code	Performance shares	10	28/02/2022
to be confirmed
New class - code	Performance shares	10	28/02/2022
to be confirmed

Refer to next page for full details of the announcement

Notification of Issue, Conversion or Payment up of Unquoted

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Part 1 - Entity and announcement details

For personal use only

1.1 Name of entity

WHITE CLIFF MINERALS LIMITED

We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.

1.2	Registered number type	Registration number
ABN	22126299125
1.3	ASX issuer code
WCN

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

28/2/2022

Notification of Issue, Conversion or Payment up of Unquoted

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Part 2 - Issue details

For personal use only

2.1 The +securities the subject of this notification are: Other

Please specify

50m options exercisable @ 3.5c expiring 30 June 23. Refer to App 3B (23 Nov 21) & NOM (7 Jan 22)

2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which:

does not have an existing ASX security code ("new class")

Notification of Issue, Conversion or Payment up of Unquoted

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Part 3C - number and type of +securities the subject of this notification (new class) where issue has not previously been notified to ASX in an Appendix 3B

only	New +securities
ASX +security code			+Security description
	New class - code to be confirmed			Unlisted options exercisable at $0.035 expiring 30 June
				2023
	+Security type			ISIN code
use	Options
Date the +securities the subject of this notification were issued
	28/2/2022
	Will all the +securities issued in this class rank equally in all respects from their issue date?
personal	Yes
Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under
	listing rule 6.1?
	Yes
	Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being
	issued.
	https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02455876-6A1064228?access_token=8
	3ff96335c2d45a094df02a206a39ff4
Options Details
	+Security currency	Exercise price		Expiry date
	AUD - Australian Dollar	AUD 0.03500000	30/6/2023
For	Details of the existing class of +security that will be issued upon exercise or conversion of this new class of
company option
Other

Description

Fully paid ordinary shares (WCN)

Any other information the entity wishes to provide about the +securities the subject of this notification

Please provide any further information needed to understand the circumstances in which you are notifying the issue of these +securities to ASX, including why the issue of the +securities has not been previously announced to

Notification of Issue, Conversion or Payment up of Unquoted

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

the market in an Appendix 3B

N/A

Issue details

For personal use only

Number of +securities

50,000,000

Were the +securities issued for a cash consideration?

No

Please describe the consideration being provided for the +securities

Securities issued as part consideration for the acquisition of Magnet Resource Company and Preston River Lithium.

Purpose of the issue

To pay for the acquisition of an asset

Additional Details

Name of company or asset being acquired

Magnet Resource Company Pty Ltd and Preston River Lithium Pty Ltd

New +securities
ASX +security code		+Security description
New class - code to be confirmed		Performance shares
+Security type		ISIN code
Other

Date the +securities the subject of this notification were issued

28/2/2022

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

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued.

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02473618-6A1071542?access_token=8 3ff96335c2d45a094df02a206a39ff4

Notification of Issue, Conversion or Payment up of Unquoted

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