Desert Metals : Notification regarding unquoted securities - DM1

About this update from Desert Metals Ltd.

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Announcement Summary only Entity name DESERT METALS LIMITED Date of this announcement Thursday June 02, 2022 The +securities the subject of this notification are: Other use Total number of +securities to be issued/transferred ASX +security code Security description New class - code Unquoted option excercisable $0.50 expiring 2 to be confirmed June 2025 personalFor Refer to next page for full details of the announcement Total number of +securities to be issued/transferred Issue date 4,090,908 02/06/2022 Notification of Issue, Conversion or Payment up of Unquoted 1 / 7 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Part 1 - Entity and announcement details For personal use only 1.1 Name of entity DESERT METALS LIMITED We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities. 1.2 Registered number type Registration number ABN 84617947172 1.3 ASX issuer code DM1 The announcement is New announcement Date of this announcement 2/6/2022 Notification of Issue, Conversion or Payment up of Unquoted 2 / 7 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Part 2 - Issue details 2.1 The +securities the subject of this notification are: Other For personal use only Please specify as per Appendix 3B lodged 28 March 2022 2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which: does not have an existing ASX security code ("new class") Notification of Issue, Conversion or Payment up of Unquoted 3 / 7 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Part 3C - number and type of +securities the subject of this notification (new class) where issue has not previously been notified to ASX in an Appendix 3B only New +securities ASX +security code +Security description New class - code to be confirmed Unquoted option excercisable $0.50 expiring 2 June 2025 +Security type ISIN code Options use Date the +securities the subject of this notification were issued 2/6/2022 Will all the +securities issued in this class rank equally in all respects from their issue date? personal Yes Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1? No Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02515181-6A1088959?access_token=8 3ff96335c2d45a094df02a206a39ff4 Options Details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.50000000 2/6/2025 Details of the existing class of +security that will be issued upon exercise or conversion of this new class of For company option Other Description DM1 Fully Paid Ordinary Shares Any other information the entity wishes to provide about the +securities the subject of this notification Notification of Issue, Conversion or Payment up of Unquoted 4 / 7 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Please provide any further information needed to understand the circumstances in which you are notifying the issue of these +securities to ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B n/a Issue details only Number of +securities 4,090,908 Were the +securities issued for a cash consideration? use No Please describe the consideration being provided for the +securities free attaching options to placement 28 March 2022 Purpose of the issue To raise additional working capital Forpersonal Notification of Issue, Conversion or Payment up of Unquoted 5 / 7 This is an excerpt of the original content. To continue reading it, access the original document here .

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