Talon Energy : Proposed issue of securities - TPD

Proposed issue of securities

Announcement Summary

For ersonalp use only

Entity name

TALON ENERGY LTD

Announcement Type

New announcement

Date of this announcement

17/3/2022

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
New class-code to be	Performance Rights Class P	25,000,000
confirmed
New class-code to be	Performance Rights Class Q	50,000,000
confirmed
New class-code to be	Performance Rights Class R	50,000,000
confirmed
New class-code to be	Performance Rights Class S	50,000,000
confirmed
New class-code to be	Options Ex Price $0.01	40,000,000
confirmed

Proposed +issue date

26/5/2022

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

TALON ENERGY 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	88153229086
1.3	ASX issuer code
TPD

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

17/3/2022

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	26/5/2022	actual?	received/condition met?

Estimated

Comments

With respect to the proposed issue of:

1. Performance Rights, these securities form part of the newly appointed Managing Director / CEO's performance based incentive remuneration.
2. Options, the securities are being granted to the outgoing Managing Director on transition to a Non-executive director role, with the director agreeing to forgo 167,678,954 previously granted Performance Rights. (refer Appendix 3H issued on

1. January 2022.)

personal	The grant of the above securities is subject to shareholder approval pursuant to Listing Rule 10.14
	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
For	securities in a class that is already
quoted or recorded by ASX)?
New class
	Details of +securities proposed to be issued
		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

Proposed issue of securities

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Proposed issue of securities

	No
	ASX +security code		+Security description
	New class-code to be confirmed		Performance Rights Class P
only	+Security type
Performance options/rights
Number of +securities proposed to be issued
	25,000,000
	Offer price details
	Are the +securities proposed to be issued being issued for a cash consideration?
use	No
Please describe the consideration being provided for the +securities
	The proposed issue of equity securities will form part of the newly appointed Managing Director / CEO's performance
	based incentive remuneration
	Please provide an estimate of the AUD equivalent of the consideration being
personal	provided for the +securities
0.0000001
Will all the +securities issued in this class rank equally in all respects from
	their issue date?
	Yes
Performance options/rights details
	+Security currency		Exercise price	Expiry date
	AUD - Australian Dollar		AUD 0.0000	30/6/2027
	Details of the type of +security that will be issued if the option is exercised
	TPD : ORDINARY FULLY PAID
For	Number of securities that will be issued if the option is exercised
25,000,000

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.

www.asx.com.au/asxpdf/20220308/pdf/456sn4q91qn4rv.pdf

Is the proposed security a 'New class' (+securities in a class that is not yet quoted or recorded by ASX)

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

Proposed issue of securities

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Proposed issue of 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
only	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
use	No
ASX +security code		+Security description
		New class-code to be confirmed		Performance Rights Class Q
		+Security type
		Performance options/rights
		Number of +securities proposed to be issued
personal	50,000,000
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 proposed issue of equity securities will form part of the newly appointed Managing Director / CEO's performance
		based incentive remuneration
		Please provide an estimate of the AUD equivalent of the consideration being
		provided for the +securities
		0.0000001
		Will all the +securities issued in this class rank equally in all respects from
For	their issue date?
Yes
	Performance options/rights details
		+Security currency		Exercise price	Expiry date
		AUD - Australian Dollar		AUD 0.0000	28/6/2028
		Details of the type of +security that will be issued if the option is exercised
		TPD : ORDINARY FULLY PAID
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