Kopore Metals : Proposed issue of securities - KMT

Proposed issue of securities

Announcement Summary

For personal use only

Entity name

KOPORE METALS LIMITED

Announcement Type

New announcement

Date of this announcement

9/12/2021

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	Performance Shares, subject to a vesting condition and	80,000,000
confirmed	expiring 5 years from the date of issue.
New class-code to be	Performance Options, subject to a vesting condition and	50,000,000
confirmed	expiring 3 years from the date of issue
KMT	ORDINARY FULLY PAID	160,000,000

Proposed +issue date 15/12/2021

Refer to next page for full details of the announcement

Proposed issue of securities

1 / 9

Proposed issue of securities

Part 1 - Entity and announcement details

For personal use only

1.1 Name of +Entity

KOPORE METALS LIMITED

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	73149230811
1.3	ASX issuer code
KMT

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

9/12/2021

1.6 The Proposed issue is:

A placement or other type of issue

Proposed issue of securities

2 / 9

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	8/2/2022		actual?	received/condition met?
			Estimated
						No
		Comments
		Shareholder approval required for the issue of 120,000,000 Consideration Shares; 80,000,000 Performance Shares and
personal	50,000,000 Performance Options, pursuant to the Share Sale Agreement announced to ASX on 9 December 2021.
	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?
		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
KMT : ORDINARY FULLY PAID
		Number of +securities proposed to be issued
		40,000,000
		Offer price details
		Are the +securities proposed to be issued being issued for a cash
		consideration?
		Yes
		In what currency is the cash		What is the issue price per
	Proposed issue of securities			3 / 9

Proposed issue of securities

		consideration being paid?		+security?
		AUD - Australian Dollar		AUD 0.03000
only	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
use	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
	Details of +securities proposed to be issued
personal	ISIN Code (if Issuer is a foreign company and +securities are non CDIs)
80,000,000		Will the entity be seeking quotation
		Have you received confirmation from
		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
		No
		ASX +security code		+Security description
		New class-code to be confirmed		Performance Shares, subject to a vesting condition and expiring 5 years from
		+Security type		the date of issue.
		Performance shares/units
For	Number of +securities proposed to be issued
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

To be issued as part consideration pursuant to the Share Sale Agreement, as announced to ASX on 9 December 2021

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

Proposed issue of securities

4 / 9

Proposed issue of securities

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

Yes

only
	Performance shares/units details
			+Security currency
			AUD - Australian Dollar
			Will there be CDIs issued over the
use		+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.
			The Company will provide the relevant terms and conditions as part of its upcoming notice of meeting
ersonalp		KMT : ORDINARY FULLY PAID	Will the proposed issue of this
			Is the proposed security a 'New
			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
	D	tails of +securities proposed to be issued
For		ASX +security code and description
	Number of +securities proposed to be issued
		120,000,000

Offer price details

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

No

Proposed issue of securities

5 / 9