Venture Minerals : Update - Proposed issue of securities - VMS

Proposed issue of securities

Update Summary

For personal use only

Entity name

VENTURE MINERALS LIMITED

Announcement Type

Update to previous announcement

Date of this announcement

31/12/2021

Reason for update to a previous announcement

Oversubscriptions accepted by the Board under the Share Purchase Plan (SPP) in accordance with the SPP Offer Booklet dated 13 December 2021 and announcement dated 31 December 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

VENTURE MINERALS 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	51119678385
1.3	ASX issuer code
VMS

1.4 The announcement is

Update/amendment to previous announcement

1.4a Reason for update to a previous announcement

Oversubscriptions accepted by the Board under the Share Purchase Plan (SPP) in accordance with the SPP Offer Booklet dated 13 December 2021 and announcement dated 31 December 2021.

1.4b Date of previous announcement to this update

10/12/2021

1.5 Date of this announcement

31/12/2021

1.6 The Proposed issue is:

An offer of +securities under a +securities purchase plan

A placement or other type of issue

Proposed issue of securities

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Proposed issue of securities

Part 4 - Details of proposed offer under securities purchase plan

Part 4A - Conditions

For personal use only

4A.1 Do any external approvals need to be obtained or other conditions satisfied before the offer of +securities under the +securities purchase plan issue can proceed on an unconditional basis?

No

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Proposed issue of securities

Part 4B - Offer details

Class or classes of +securities that will participate in the proposed issue and class or classes of +securities proposed to be issued

only	ASX +security code and description
		VMS : ORDINARY FULLY PAID
		Will the proposed issue of this
		+security include an offer of
		attaching +securities?
use	No
	D tails of +securities proposed to be issued
		ASX +security code and description
		VMS : ORDINARY FULLY PAID
		Maximum total number of those +securities that could be issued
		if all offers under the +securities purchase plan are accepted
personal	166,666,205
Reason for the update of 'Maximum total number of those +securities that could be issued if all
		offers under the +securities purchase plan are accepted'
		Oversubscriptions accepted by the Board under the Share Purchase Plan (SPP) in accordance with the
		SPP Offer Booklet dated 13 December 2021.
		Will the offer be conditional on applications for a minimum
		number of +securities being received or a minimum amount
		being raised (i.e. a minimum subscription condition)?
		No
		Will the offer be conditional on applications for a maximum
		number of +securities being received or a maximum amount
		being raised (i.e. a maximum subscription condition)?
		No
		Will individual security holders be required to accept the offer for
		a minimum number or value of +securities (i.e. a minimum
For	acceptance condition)?
Yes
Is the minimum acceptance unit based or dollar based?
		Dollar based ($)
		Please enter the minimum acceptance value
		$ 2,000
		Will individual security holders be limited to accepting the offer
		for a maximum number or value of +securities (i.e. a maximum
		acceptance condition)?
		Yes
		Is the maximum acceptance unit based or dollar based?
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Proposed issue of securities

		Dollar based ($)
		Please enter the maximum acceptance value
		$ 30,000
only	Describe all the applicable parcels available for this offer in number of securities or dollar value
$2,000, $5000, $10,000, $15,000, $20,000, $25,000 and $30,000.
		Offer price details
		Has the offer price been determined?
		Yes
		In what currency will the offer	What is the offer price per
		be made?	+security?
use	AUD - Australian Dollar	AUD 0.03600
Oversubscription & Scale back details
		Will a scale back be applied if the offer is over-subscribed?
		Yes
		Describe the scale back arrangements
personal
The Directors in their absolute discretion determine to apply the scale back to the extent and in the
4C.1 Date of announcement of +security purchase plan
		manner they seem fit, which may include taking into account a number of factors, including but not
		limited to the pro rata size of shareholdings at the Record Date and the total applications received from
		eligible shareholders.
		Will these +securities rank equally in all respects from their issue date with the existing issued
		+securities in that class?
		Yes
	Part 4C - Timetable
For	10/12/2021
4C.2 +Record date
		9/12/2021
		4C.3 Date on which offer documents will be made available to investors
		13/12/2021
		4C.4 Offer open date
		13/12/2021
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