Coda Minerals : Proposed issue of securities - COD

Proposed issue of securities

Announcement Summary

For personal use only

Entity name

CODA MINERALS LTD

Announcement Type

New announcement

Date of this announcement

3/3/2022

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	Unquoted Options - ex $1.50, expiry 22/12/23	991,804
confirmed
COD	ORDINARY FULLY PAID	26,763,883

Proposed +issue date

13/4/2022

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

CODA 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	49625763957
1.3	ASX issuer code
COD

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

3/3/2022

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?
use		No
	Part 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?
personal		or an 'Existing class' (additional	No
	securities in a class that is already
	consideration?
			quoted or recorded by ASX)?
			Existing class
	Details of +securities proposed to be issued
			ASX +security code and description
			COD : ORDINARY FULLY PAID
			Number of +securities proposed to be issued
		26,381,383
			Offer price details
			Are the +securities proposed to be issued being issued for a cash
For		No
	Please describe the consideration being provided for the +securities
			Takeover consideration under offer to acquire issued securities in Torrens Mining Limited. See Bidder's Statement dated 2
			March 2022.
			Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities
			Will these +securities rank equally in all respects from their issue date with
			the existing issued +securities in that class?
			Yes

Proposed issue of securities

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Proposed issue of securities

		Is the proposed security a 'New	Will the proposed issue of this
only	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
use	ASX +security code and description
COD : ORDINARY FULLY PAID
Number of +securities proposed to be issued
382,500
Offer price details
personal	Are the +securities proposed to be issued being issued for a cash
consideration?
		No
		Please describe the consideration being provided for the +securities
		Consideration for the purchase of 7,500,000 Torrens Mining Limited options (exercisable at $0.30 on or before 12 April
		2024). Please refer to section 6.2 of Bidder's Statement dated 2 March 2022.
		Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities
		Will these +securities rank equally in all respects from their issue date with
		the existing issued +securities in that class?
		Yes
For	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)?
		New class
	Proposed issue of securities	4 / 7

Proposed issue of securities

Details of +securities proposed to be issued

ISIN Code (if Issuer is a foreign company and +securities are non CDIs)

only

Have you received confirmation from ASX 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

Will the entity be seeking quotation of the 'new' class of +securities on ASX?

No

+Security description

Unquoted Options - ex $1.50, expiry 22/12/23

personal use

+Security type

Options

Number of +securities proposed to be issued

991,804

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

Consideration for the purchase of 6,047,583 Torrens options (exercisable at $0.30 on or before 22 December 2023). Please refer to section 6.2 of Bidder's Statement dated 2 March 2022.

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

Options details
For	+Security currency	Exercise price	Expiry date
	AUD - Australian Dollar	AUD 1.5000	22/12/2023

Details of the type of +security that will be issued if the option is exercised

COD : ORDINARY FULLY PAID

Number of securities that will be issued if the option is exercised

991,804

Proposed issue of securities

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