Industrial Minerals : Notification regarding unquoted securities - IND

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

Announcement Summary

For personal use only

Entity name

INDUSTRIAL MINERALS LTD

Date of this announcement

Tuesday May 24, 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	Consultant options - expiry date of 23 March 2024	1,500,000	13/05/2022
to be confirmed	and exercise price of $0.30.

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

INDUSTRIAL MINERALS LTD

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	87648183297
1.3	ASX issuer code
IND

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

24/5/2022

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

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

For personal use only

Please specify

Unquoted options See Appendix 3B dated 13/05/22.

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			Consultant options - expiry date of 23 March 2024 and
				exercise price of $0.30.
	+Security type			ISIN code
use	Options
Date the +securities the subject of this notification were issued
	13/5/2022
	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?
	No
	Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being
	issued.
	Material terms of options are included in the Company's Listing Prospectushttps://www.asx.com.au/asxpdf/20210709/pd f
	/44y5vlw5bt4dkl.pdf
Options Details
	+Security currency	Exercise price			Expiry date
	AUD - Australian Dollar	AUD 0.30000000	23/3/2024
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

IND: Ordinary fully paid shares

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

Options issued to external consultants for services rendered.

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

Previously announced on Appendix 3B dated 13/05/2022

Issue details

For personal use only

Number of +securities

1,500,000

Were the +securities issued for a cash consideration?

No

Please describe the consideration being provided for the +securities

Nil

Purpose of the issue

To pay for services rendered

Additional Details

Notification of Issue, Conversion or Payment up of Unquoted

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