Pinnacle Minerals : Update - Proposed issue of securities - PIM

Proposed issue of securities

Update Summary

For personal use only

Entity name

PINNACLE MINERALS LIMITED

Announcement Type

Update to previous announcement

Date of this announcement

20/7/2022

Reason for update to a previous announcement

Extend by one day the Lodgement of Appendix 2A

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

PINNACLE MINERALS 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
ACN	655033677
1.3	ASX issuer code
PIM

1.4 The announcement is

Update/amendment to previous announcement

1.4a Reason for update to a previous announcement

Extend by one day the Lodgement of Appendix 2A

1.4b Date of previous announcement to this update

23/6/2022

1.5 Date of this announcement

20/7/2022

1.6 The Proposed issue is:

A standard +pro rata issue (non-renounceable or renounceable)

1.6a The proposed standard +pro rata issue is: + Non-renounceable

Proposed issue of securities

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Proposed issue of securities

Part 3 - Details of proposed entitlement offer issue

only
	Part 3A - Conditions
		3A.1 Do any external approvals need to be obtained or other conditions satisfied before the entitlement offer can
		proceed on an unconditional basis?
use		No
	Part 3B - Offer details
personal		Class or classes of +securities that will participate in the proposed issue and class or classes of +securities
	proposed to be issued
	ASX +security code and description
			PIM : ORDINARY FULLY PAID
			Is the proposed security a 'New		Will the proposed issue of this	If the entity has quoted company
			class' (+securities in a class that is		+security include an offer of	options, do the terms entitle option
			not yet quoted or recorded by ASX)		attaching +securities?	holders to participate on exercise?
			or an 'Existing class' (additional		No	No
			securities in a class that is already
			quoted or recorded by ASX)?
			New class
	D tails of +securities proposed to be issued
For		ISIN Code (if Issuer is a foreign company and +securities are non CDIs)
	ISIN Code for the entitlement or right to participate in a non-renounceable
			issue (if Issuer is foreign company and +securities are non CDIs)
			Have you received confirmation from		Will the entity be seeking quotation
			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?		Yes
			Yes
			ASX +security code		+Security description
			New class-code to be confirmed		25c 4 year options
	Proposed issue of securities	3 / 7

Proposed issue of securities

For personal use only

+Security type

Options

Offer ratio (ratio to existing holdings at which the proposed +securities will be issued)

The quantity of additional +securities	For a given quantity of +securities
to be issued	held
1	2
What will be done with fractional	Maximum number of +securities
entitlements?	proposed to be issued (subject to
	rounding)
Fractions rounded up to the next	18,187,600
whole number
Offer price details for retail security holders
In what currency will the offer be	What is the offer price per +security
made?	for the retail offer?
AUD - Australian Dollar	AUD 0.00500

Oversubscription & Scale back details

Will individual +security holders be permitted to apply for more than their entitlement (i.e. to over-subscribe)?

No

Will a scale back be applied if the offer is over-subscribed?

No

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

No

If some of the issued +securities do not rank equally

Is the actual date from which the +securities will rank equally (non-ranking end date) known?

No

Provide the estimated non-ranking end period

Upon exercise of Options

Please state the extent to which the +securities do not rank equally:

In relation to the next dividend, distribution or interest payment; or For any other reason

The Shares issued upon exercise of options will rank equally in all respects

Proposed issue of securities

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Proposed issue of securities

Options details
	+Security currency	Exercise price	Expiry date
only	AUD - Australian Dollar	AUD 0.2500	19/7/2026
Details of the type of +security that will be issued if the option is exercised
	PIM : ORDINARY FULLY PAID
	Number of securities that will be issued if the option is exercised
	18,187,600
use	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.
www.pinnacleminerals.com.au

Part 3C - Timetable

For personal

3C.1 +Record date

29/6/2022

3C.2 Ex date

28/6/2022

3C.4 Record date

29/6/2022

3C.5 Date on which offer documents will be sent to +security holders entitled to participate in the +pro rata issue

4/7/2022

3C.6 Offer closing date

13/7/2022

3C.7 Last day to extend the offer closing date

8/7/2022

3C.9 Trading in new +securities commences on a deferred settlement basis

14/7/2022

3C.11 +Issue date and last day for entity to announce results of +pro rata issue

21/7/2022

Proposed issue of securities

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