Iron Road : Proposed issue of securities - IRD

Proposed issue of securities

Announcement Summary

For personal use only

Entity name

IRON ROAD LIMITED

Announcement Type

New announcement

Date of this announcement 16/12/2021

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
IRD	ORDINARY FULLY PAID	8,389,838

Proposed +issue date

16/12/2021

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

IRON ROAD 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	51128698108
1.3	ASX issuer code
IRD

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

16/12/2021

1.6 The Proposed issue is:

A placement or other type of issue

Proposed issue of securities

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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	No
	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
			IRD : ORDINARY FULLY PAID
			Number of +securities proposed to be issued
		337,771
			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
			As set out in the announcement to the ASX on 16 December 2021, the Fee Shares are being issued in satisfaction of the
			Company's obligation to pay a fee to the subscriber under the Subscription Agreement.
			Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities
		68,000.000000
			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

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Proposed issue of securities

		Is the proposed security a 'New	Will the proposed issue of this
only	class' (+securities in a class that is	+security include an offer of
not yet quoted or recorded by ASX)	attaching +securities?
or an 'Existing class' (additional	No
		securities in a class that is already
		quoted or recorded by ASX)?
		Existing class
	Details of +securities proposed to be issued
use	ASX +security code and description
IRD : ORDINARY FULLY PAID
Number of +securities proposed to be issued
580,000
Offer price details
personal	Are the +securities proposed to be issued being issued for a cash
consideration?
		No
		Please describe the consideration being provided for the +securities
		As set out in the announcement to the ASX on 16 December 2021, the initial 580,000 Ordinary Shares in the placement
		are being issued to the subscriber under the Subscription Agreement.
		Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities
		Will these +securities rank equally in all respects from their issue date with
		the existing issued +securities in that class?
		Yes
For	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?
		or an 'Existing class' (additional	No
		securities in a class that is already
		quoted or recorded by ASX)?
		Existing class
	Proposed issue of securities	4 / 6

Proposed issue of securities

Details of +securities proposed to be issued

ASX +security code and description

IRD : ORDINARY FULLY PAID

only	Number of +securities proposed to be issued
7,472,067
		Offer price details
		Are the +securities proposed to be issued being issued for a cash
		consideration?
		Yes
use	In what currency is the cash	What is the issue price per
consideration being paid?	+security?
AUD - Australian Dollar	AUD 0.17900
		Will these +securities rank equally in all respects from their issue date with
		the existing issued +securities in that class?
		Yes
personal
	Part 7C - Timetable
		7C.1 Proposed +issue date
		16/12/2021
	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%
		placement capacity under listing rule 7.1?
		Yes
		7D.1b ( i ) How many +securities are proposed to be issued without security holder approval using the entity's 15%
Forplacement capacity under listing rule 7.1?
		8,389,838
		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)?
		No
	Proposed issue of securities	5 / 6