900,000 Ordinary Shares of Lithium Plus Minerals Ltd are subject to a Lock-Up Agreement Ending on 6-DEC-2022. These Ordinary Shares will be under lockup for 237 days starting from 13-APR-2022 to 6-DEC-2022.

Details:
Certain securities issued by the Company prior to or upon completion of the Offer are subject to the restricted securities provisions of the Listing Rules (Restricted Securities). Restricted Securities must be held in escrow for up to 24 months and cannot be sold, mortgaged, pledged, assigned or transferred for that period without the prior approval of ASX. During the period in which these securities are prohibited from being transferred, trading in Shares may be less liquid which may impact on the ability of a Shareholder to dispose of their Shares in a timely manner.

Prior to the Company's Shares being quoted on the ASX, the Company will enter into escrow agreements with certain recipients of the Restricted Securities in accordance with Chapter 9 of the Listing Rules. As at the date of this Prospectus the Company expects to restrict 6,030,000 Shares to be subject to up to 12 months escrow as from the date of subscription for those Shares, 46,351,800 Shares to be subject to 24 months escrow as from the date of listing of the Company on ASX, 6,000,000 Director Options and 4,000,000 Broker Options to be subject to 24 months escrow as from the date of listing of the Company on ASX, 2,600,000 Performance Rights to be subject to 24 months escrow as from the date of listing of the Company on ASX.