Rafaella Resources : Proposed issue of securities - RFR

Proposed issue of securities

Announcement Summary

For personal use only

Entity name

RAFAELLA RESOURCES LTD.

Announcement Type

New announcement

Date of this announcement 16/2/2022

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
RFRAK	OPTION EXPIRING 13-APR-2024 EX $0.12	18,158,332
RFR	ORDINARY FULLY PAID	34,615,664

Proposed +issue date

22/2/2022

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

RAFAELLA RESOURCES LTD.

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	623130987
1.3	ASX issuer code
RFR

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

16/2/2022

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	5/4/2022		actual?	received/condition met?
			Estimated
						No
		Comments
		2,965,666 RFR fully paid ordinary shares & 2,333,333 RFRAK unquoted 12c 13-Apr-24 free attaching options are subject
personal	to shareholder approval & are to be issued on or around 11-Apr-22.
31,649,998 RFR fully paid ordinary shares & 15,824,999 RFRAK unquoted 12c 13-Apr-24 free attaching options are not
subject to shareholder approval & are to be issued on or around 22-Feb-22.
	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?
		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

RFR : ORDINARY FULLY PAID

Number of +securities proposed to be issued 33,316,664

Offer price details

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

Proposed issue of securities

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Proposed issue of securities

Yes

In what currency is the cash consideration being paid?

AUD - Australian Dollar

What is the issue price per +security?

AUD 0.06000

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)?

Existing class

Attaching +Security - Existing class (additional +securities in a class that is already quoted or recorded by ASX)

For personal

Details of attaching +securities proposed to be issued

ASX +security code and description

RFRAK : OPTION EXPIRING 13-APR-2024 EX $0.12

Number of +securities proposed to be issued

16,658,332

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

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

Proposed issue of securities

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Proposed issue of securities

Is the proposed 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)?

Existing class

Will the proposed issue of this +security include an offer of attaching +securities?

No

only
	Details of +securities proposed to be issued
		ASX +security code and description
		RFR : ORDINARY FULLY PAID
		Number of +securities proposed to be issued
use	1,299,000
Offer price details
		Are the +securities proposed to be issued being issued for a cash
		consideration?
		No
personal	Please describe the consideration being provided for the +securities
In lieu of broker management & placement fees
		Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities
		0.060000
		Will these +securities rank equally in all respects from their issue date with
		the existing issued +securities in that class?
		Yes
		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?
For	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

ASX +security code and description

RFRAK : OPTION EXPIRING 13-APR-2024 EX $0.12

Number of +securities proposed to be issued

1,500,000

Proposed issue of securities

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