Cyclone Metals : Proposed issue of securities - CLE

Proposed issue of securities

Announcement Summary

For personal use only

Entity name

CYCLONE METALS LIMITED

Announcement Type

New announcement

Date of this announcement

3/6/2022

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	Unlisted options ($0.01 expiring 12 months from date of	50,000,000
confirmed	issue)
CLE	ORDINARY FULLY PAID	50,000,000
Proposed +issue date
10/6/2022

Refer to next page for full details of the announcement

Proposed issue of securities

1 / 6

Proposed issue of securities

Part 1 - Entity and announcement details

For personal use only

1.1 Name of +Entity

CYCLONE 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	71095047920
1.3	ASX issuer code
CLE

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

3/6/2022

1.6 The Proposed issue is:

A placement or other type of issue

Proposed issue of securities

2 / 6

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	Yes
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
		CLE : ORDINARY FULLY PAID
		Number of +securities proposed to be issued
		50,000,000
		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

Consideration to enter into binding exclusivity agreement (refer ASX announcement released 3 June 2022)

Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities 0.005000

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

3 / 6

Proposed issue of securities

Attaching +Security
only	Is the proposed attaching 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
Attaching +Security - New class (+securities in a class that is not yet quoted or recorded by ASX)
		Details of attaching +securities proposed to be issued
use		ISIN Code (if Issuer is a foreign company and +securities are non CDIs)
	Have you received confirmation from ASX that the terms		Will the entity be seeking quotation of the 'new' class o
		of the proposed +securities are appropriate and		+securities on ASX?
		equitable under listing rule 6.1?		No
		No
		ASX +security code		+Security description
personal
	New class-code to be confirmed		Unlisted options ($0.01 expiring 12 months from date of
			issue)
		+Security type
		Options
		Number of +securities proposed to be issued
	50,000,000
		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 to enter into binding exclusivity agreement (refer ASX announcement released 3 June 2022)
For
	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

Proposed issue of securities

4 / 6

Proposed issue of securities

Options details

+Security currency AUD - Australian Dollar

only		Exercise price	Expiry date
	AUD 0.0100	10/6/2023
			Details of the type of +security that will be issued if the option is exercised
			CLE : ORDINARY FULLY PAID
			Number of securities that will be issued if the option is exercised
			50,000,000
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.
personal	placement capacity under listing rule 7.1?
	P rt 7C - Timetable
		7C.1 Proposed +issue date
		10/6/2022
	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?
			No
		7D.1b Are any of the +securities proposed to be issued without +security holder approval using the entity's 15%
For		Yes
	No
		7D.1b ( i ) How many +securities are proposed to be issued without security holder approval using the entity's 15%
		placement capacity under listing rule 7.1?
		50,000,000 shares and 50,000,000 unlisted options
		7D.1c Are any of the +securities proposed to be issued without +security holder approval using the entity's
		additional 10% placement capacity under listing rule 7.1A (if applicable)?
		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?
	Proposed issue of securities	5 / 6