Resource Mining : Proposed issue of securities - RMI

Proposed issue of securities

Announcement Summary

For personal use only

Entity name

RESOURCE MINING CORPORATION LIMITED

Announcement Type

New announcement

Date of this announcement

30/11/2021

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	Unlisted Options at $0.02	2,000,000
confirmed
RMI	ORDINARY FULLY PAID	31,250,000

Proposed +issue date

9/12/2021

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

RESOURCE MINING CORPORATION 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	97008045083
1.3	ASX issuer code
RMI

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

30/11/2021

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	21/1/2022		actual?	received/condition met?
			Estimated
		Comments
		Tranche 2 Placement Shares of up to 16,875,000 to be issued upon Shareholder approval
personal	Unlisted Options to be issued upon Shareholder approval
	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	No
		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
RMI : ORDINARY FULLY PAID
		Number of +securities proposed to be issued
		31,250,000
		Offer price details
		Are the +securities proposed to be issued being issued for a cash
		consideration?
		Yes
		In what currency is the cash		What is the issue price per
	Proposed issue of securities			3 / 7

Proposed issue of securities

		consideration being paid?		+security?
		AUD - Australian Dollar		AUD 0.01600
only	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
use	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)?
		New class
	Details of +securities proposed to be issued
personal	ISIN Code (if Issuer is a foreign company and +securities are non CDIs)
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		Unlisted Options at $0.02
		+Security type
		Options
		Number of +securities proposed to be issued
		2,000,000
For	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
		Part fees to Lead Manager for Placement
		Please provide an estimate of the AUD equivalent of the consideration being
		provided for the +securities
		31,600.000000
	Proposed issue of securities	4 / 7

Proposed issue of securities

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

Yes

Options details
only	+Security currency	Exercise price	Expiry date
AUD - Australian Dollar	AUD 0.0200	28/1/2025
Details of the type of +security that will be issued if the option is exercised
RMI : ORDINARY FULLY PAID
use	Number of securities that will be issued if the option is exercised
	2,000,000

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.

Material terms are:

• Unlisted
• Expiry 3 years from date of issue of Tranche 2 Placement Shares
• Exercise price 2 cents
• Non-transferable

personalPart 7D	- Listing Rule requirements
	Part 7C	- Timetable

7C.1 Proposed +issue date 9/12/2021

For

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% placement capacity under listing rule 7.1?

14,375,000 Tranche 1 Placement Shares

7D.1c Are any of the +securities proposed to be issued without +security holder approval using the entity's

Proposed issue of securities

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