Laneway Resources : Proposed issue of securities - LNY

Proposed issue of securities

Announcement Summary

For personal use only

Entity name

LANEWAY RESOURCES LTD

Announcement Type

New announcement

Date of this announcement

31/12/2021

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	Option with an exercise price of $0.008 and expiry date of 30	189,500,000
confirmed	September 2022
LNY	ORDINARY FULLY PAID	379,000,000
Proposed +issue date
31/12/2021

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

LANEWAY 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
ABN	75003049714
1.3	ASX issuer code
LNY

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

31/12/2021

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	28/2/2022		actual?	received/condition met?
			Estimated
						No
		Comments
		The Placement Participants will be issued with one share plus one free attaching Option for every two Shares subscribed
personal	for at AUD0.005 per share. The Option can be exercised into one Share at an exercise price of AUD0.008 on or before
the expiry date of 30 September 2022. The Option issue is conditional upon shareholder approval at an EGM to be held.
	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

LNY : ORDINARY FULLY PAID

Number of +securities proposed to be issued

379,000,000

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 0.00500

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		Option with an exercise price of $0.008 and expiry date of
				30 September 2022
		+Security type
		Options
		Number of +securities proposed to be issued
For	189,500,000
	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

The Placement Participants will be issued with one free attaching Option for every two Shares subscribed for. The Option can be exercised into one Share at an exercise price of $0.008 on or before the expiry date of 30 September 2022.

Proposed issue of securities

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Proposed issue of securities

Please provide an estimate of the AUD equivalent of the consideration being provided for the +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
use		Exercise price	Expiry date
	AUD 0.0080	30/9/2022
			Details of the type of +security that will be issued if the option is exercised
			LNY : ORDINARY FULLY PAID
			Number of securities that will be issued if the option is exercised
personal		1
	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.
			To be provided by separate announcement
	Pa t 7C - Timetable
		7C.1 Proposed +issue date
For	31/12/2021
	Pa t 7D - Listing Rule requirements

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

Proposed issue of securities

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