Alice Queen : Proposed issue of securities - AQX

Proposed issue of securitiesAnnouncement Summary

Entity name

For personal use only

ALICE QUEEN LIMITED

Announcement Type New announcement

Date of this announcement 28/4/2022

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

Proposed +issue date 16/6/2022

Refer to next page for full details of the announcementProposed issue of securities

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Proposed issue of securities

Part 1 - Entity and announcement details

1.1 Name of +Entity

ALICE QUEEN LIMITED

For personal use only

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 ABN

Registration Number 71099247408

1.3 ASX issuer code AQX

1.4 The announcement isNew announcement

1.5 Date of this announcement 28/4/2022

1.6 The Proposed issue is:

A placement or other type of issue

Proposed issue of securities

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Proposed issue of securitiesPart 7 - Details of proposed placement or other issue

For personal use 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

7A.1a Conditions

Approval/Condition +Security holder approval

Date for determination 16/6/2022

Is the date estimated or actual?

Estimated

** Approval received/condition met?

Comments

Options are subject to Shareholder approval at the next General Meeting expected to be held in June 2022. The Company proposes seeking quotation of these options subject to meeting ASX requirements and the issue of a prospectus.

Part 7B - Issue details

Is the proposed security a 'New class' (+securities in a class that is not yet quoted or recorded by ASX) or an 'Existing class' (additional securities in a class that is already quoted or recorded by ASX)?

New class

Details of +securities proposed to be issued

Will the proposed issue of this +security include an offer of attaching +securities?

No

ISIN Code (if Issuer is a foreign company and +securities are non CDIs)Have you received confirmation from Will the entity be seeking quotationASX 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

AQX OPTION EX$0.013 expiring 3 years from issue.

of the 'new' class of +securities on ASX?

Yes

+Security description

Proposed issue of securities

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Proposed issue of securities

+Security type

Options

Number of +securities proposed to be issued

20,000,000

For personal use only

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

Proposed, subject to shareholder approval, to be issued as part of the fee for capital raising services provided to the Company in connection with the placement.

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

+Security currency AUD - Australian Dollar

Exercise price AUD 0.0130

Expiry dateDetails of the type of +security that will be issued if the option is exercised AQX : ORDINARY FULLY PAID

Number of securities that will be issued if the option is exercised One fully paid ordinary share (ASX:AQX) per option.

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.

To be contained in the notice of meeting seeking shareholder approval for issue of the options.

Part 7C - Timetable

7C.1 Proposed +issue date

16/6/2022

Proposed issue of securities

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Proposed issue of securities

Part 7D - Listing Rule requirements

7D.1 Has the entity obtained, or is it obtaining, +security holder approval for the entire issue under listing rule 7.1?

For personal use only

Yes

7D.1a Date of meeting or proposed meeting to approve the issue under listing rule 7.1 16/6/2022

• 7D.2 Is a party referred to in listing rule 10.11 participating in the proposed issue?

  No

• 7D.3 Will any of the +securities to be issued be +restricted securities for the purposes of the listing rules?

  No

• 7D.4 Will any of the +securities to be issued be subject to +voluntary escrow?

No

Part 7E - Fees and expenses

• 7E.1 Will there be a lead manager or broker to the proposed issue?

  No

• 7E.2 Is the proposed issue to be underwritten?

No

7E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed issue The options the subject of this Appendix 3B, and a fee of 5% of the amount raised, are payable in connection with the placement the subject of the separate Appendix 3B lodged at or about the same time as this Appendix 3B.

Part 7F - Further Information

7F.01 The purpose(s) for which the entity is issuing the securities

The options are proposed, subject to shareholder approval, to be issued to the lead manager of the recent Placement in addition to the capital raising fees as mentioned above.

• 7F.1 Will the entity be changing its dividend/distribution policy if the proposed issue proceeds?

  No

• 7F.2 Any other information the entity wishes to provide about the proposed issue

Proposed issue of securities

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