43,758,597 Ordinary Shares of NickelSearch Limited are subject to a Lock-Up Agreement Ending on 18-OCT-2023. These Ordinary Shares will be under lockup for 734 days starting from 14-OCT-2021 to 18-OCT-2023.

Details:
Under the Listing Rules, ASX may determine that Securities issued to the Lead Manager, Directors, Consultants and, Medallion Metals Limited and investors that participated in the Seed Raising have escrow restrictions placed on them. Such Securities may be required to be held in escrow for up to 24 months from quotation of the Company?s Shares.

Conversely, pursuant to the Acquisition Agreement Medallion Metals Limited has, subject to any ASX imposed escrow, entered into voluntary escrow agreements with respect to the Consideration Shares for a minimum period of 12 months from the date the Company is admitted to the Official List.

And, the Company?s shareholders (on a pre-Seed Raising basis) have entered into voluntary escrow arrangements for a period of 12 months from the date the Company is admitted to the Official List.

Furthermore, the New Options and some of the Shares issued to seed investors pursuant to the Seed Raising are expected to be subject to ASX imposed escrow restrictions.