Golden State Mining : Notification regarding unquoted securities - GSM

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

Announcement Summary

For personal use only

Entity name

GOLDEN STATE MINING LIMITED

Date of this announcement

Monday November 29, 2021

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	5,900,000 options exercisable at $0.25, expiring	5,900,000	29/11/2021
to be confirmed	15 Dec 2024

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

GOLDEN STATE MINING LIMITED

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	52621105995
1.3	ASX issuer code
GSM

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

29/11/2021

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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

Refer to Appendix 3B dated 28 October 2021

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")

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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			5,900,000 options exercisable at $0.25, expiring 15 Dec
				2024
	+Security type			ISIN code
use	Options
Date the +securities the subject of this notification were issued
	29/11/2021
	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.
	https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02443472-6A1059265?access_token=8
	3ff96335c2d45a094df02a206a39ff4
Options Details
	+Security currency	Exercise price		Expiry date
	AUD - Australian Dollar	AUD 0.25000000	15/12/2024
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

GSM : ORDINARY FULLY PAID

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

With respect to part 5.1, 1,600,000 options proposed to be issued without security holder approval using the entity's 15% placement capacity under listing rule 7.1 had been ratified by security holders at the AGM (26 Nov 2021) for the purposes of ASX listing rule 7.4.

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

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 the market in an Appendix 3B

New class of options previously announced to the market in an Appendix 3B on 28 October 2021

	Issue details
only	Number of +securities
		5,900,000
		Were the +securities issued for a cash consideration?
use	No
Please describe the consideration being provided for the +securities
		Director and employee incentive options
		Purpose of the issue
		Other
personalFor	Additional Details
Director and employee incentive options

Notification of Issue, Conversion or Payment up of Unquoted

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