Allegiance Coal : Notification regarding unquoted securities - AHQ

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

	Announcement Summary
only	Entity name
ALLEGIANCE COAL LIMITED
		Date of this announcement
		Wednesday May 25, 2022
		The +securities the subject of this notification are:
		Other
use	Total number of +securities to be issued/transferred
ASX +security
		code	Security description
		New class - code	Convertible Note
		to be confirmed
personalFor	Refer to next page for full details of the announcement

Total number of +securities to be

issued/transferred Issue date

30,700,000 24/05/2022

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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

ALLEGIANCE COAL 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	47149490353
1.3	ASX issuer code
AHQ

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

25/5/2022

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

Part 2 - Issue details

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

For personal use only

Please specify

Please refer to Appendix 3B lodged on 24 May 2022

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")

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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			Convertible Note
	+Security type			ISIN code
	+Convertible debt securities
use	Date the +securities the subject of this notification were issued
24/5/2022
	Will all the +securities issued in this class rank equally in all respects from their issue date?
personal	Yes
AUD - Australian Dollar	AUD 1.00000000		Fixed rate
	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.
	Please refer to Appendix 3B lodged on 24 May 2022, as well as cleansing notice issued on 24 May 2022
+Convertible debt securities Details
	Type of +security
	Convertible note or bond
For	+Security currency	Face value		Interest rate type
Frequency of coupon/interest payments per year		First interest payment date
	Monthly
	Interest rate per annum			Is the interest rate per annum estimated at this time?
	10.00 %			No

s128F of the Income Tax Assessment Act status applicable to the +security

Not applicable

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

Is the +security perpetual (i.e. no maturity)? No

Select other feature(s) applicable to the +security Secured

Convertible

Redeemable

Maturity date

24/5/2025

only	Is there a first trigger date on which a right of conversion, redemption, call
	or put can be exercised (whichever is first)?
	No
	Details of the existing class of +security that will be issued if the securities are converted, transformed or
	exchanged
	Other
use	Description
AHQ : ORDINARY FULLY PAID
Any other information the entity wishes to provide about the +securities the subject of this notification
	Convertible into 37,622,549 ASX:AHQ ordinary shares. See ASX announcement dated 24 May 2022
	Please provide any further information needed to understand the circumstances in which you are notifying the
personal	issue of these +securities to ASX, including why the issue of the +securities has not been previously announced to
the market in an Appendix 3B
Appendix 3B issued on 24 May 2022. These are new unlisted securities for which an ASX code has yet to be determined
Issue details
	Number of +securities
	30,700,000
	Were the +securities issued for a cash consideration?
	Yes
	In what currency was the cash consideration being	What was the issue price per +security?
	paid?
For	AUD - Australian Dollar	AUD 1.00000000

Purpose of the issue

Other

Additional Details

Repay Nebari Natural Resources Credit Fund I, LP secured loan and for general working capital

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