Lion Energy : Proposed issue of securities - LIO

Proposed issue of securities

Announcement Summary

For ersonalp use only

Entity name

LION ENERGY LIMITED

Announcement Type

New announcement

Date of this announcement

17/11/2021

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
New class-code to be	Quoted Options	38,125,000
confirmed
New class-code to be	Convertible notes	42,187,500
confirmed
New class-code to be	Quoted Options	21,093,750
confirmed
New class-code to be	Quoted options	781,250
confirmed
LIO	ORDINARY FULLY PAID	77,812,500

Proposed +issue date 22/11/2021

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

LION ENERGY 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	000753640
1.3	ASX issuer code
LIO
1.4 The announcement is
New announcement
1.5	Date of this announcement
17/11/2021
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?
		Yes
use	7A.1a Conditions
Approval/Condition	Date for determination	Is the date estimated or	** Approval
		+Security holder approval	31/1/2022		actual?	received/condition met?
			Estimated
		Comments
personal
	P rt 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?
		or an 'Existing class' (additional	Yes
		securities in a class that is already
		quoted or recorded by ASX)?
		Existing class
	Details of +securities proposed to be issued
For	ASX +security code and description
LIO : ORDINARY FULLY PAID

Number of +securities proposed to be issued 76,250,000

Offer price details

Are the +securities proposed to be issued being issued for a cash consideration?

Yes

Proposed issue of securities

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Proposed issue of securities

In what currency is the cash consideration being paid?

AUD - Australian Dollar

What is the issue price per +security?

AUD 0.08000

only	Will these +securities rank equally in all respects from their issue date with
the existing issued +securities in that class?
		Yes
Attaching +Security
use	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)
personal		Details of attaching +securities proposed to be issued
	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?		Yes
		No
		ASX +security code		+Security description
		New class-code to be confirmed		Quoted Options
		+Security type
		Options
		Number of +securities proposed to be issued
For	38,125,000
	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

Free attaching options to the placement on a 1 option for every 2 shares issued.

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

0.000010

Proposed issue of securities

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Proposed issue of securities

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

Yes

only
	Options details
			+Security currency
			AUD - Australian Dollar
			Exercise price		Expiry date
			AUD 0.1200	31/7/2024
use		Details of the type of +security that will be issued if the option is exercised
	LIO : ORDINARY FULLY PAID
			Number of securities that will be issued if the option is exercised
			1 shares issued for every 1 option exercised
			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.
			Refer to the ASX release entitled Lion receives firm commitments for $9.6m
personal	ISIN Code (if Issuer is a foreign company and +securities are non CDIs)
		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		Yes
		securities in a class that is already
		quoted or recorded by ASX)?
			New class
	Details of +securities proposed to be issued
For	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?		No
			No
		ASX +security code		+Security description
			New class-code to be confirmed		Convertible notes
		+Security type
		+Convertible debt securities
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