Lincoln Minerals : Proposed issue of securities - LML

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Proposed issue of securities Announcement Summary For personal use only Entity name LINCOLN MINERALS LIMITED Announcement Type New announcement Date of this announcement 22/12/2021 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 Convertible Notes 1,600,000 confirmed Proposed +issue date 24/12/2021 Refer to next page for full details of the announcement Proposed issue of securities 1 / 6 Proposed issue of securities Part 1 - Entity and announcement details For personal use only 1.1 Name of +Entity LINCOLN 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 50050117023 1.3 ASX issuer code LML The announcement is New announcement Date of this announcement 22/12/2021 1.6 The Proposed issue is: A placement or other type of issue Proposed issue of securities 2 / 6 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 18/2/2022 actual? received/condition met? Estimated Comments Issue of unsecured convertible notes to the value of AU1.6 million to the Company's major shareholder personal P rt 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)? New class Details of +securities proposed to be issued For 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 Convertible Notes +Security type +Convertible debt securities Proposed issue of securities 3 / 6 Proposed issue of securities Number of +securities proposed to be issued 1,600,000 Offer price details only 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 consideration being paid? +security? AUD - Australian Dollar AUD 1.00000 use Will all the +securities issued in this class rank equally in all respects from their issue date? Yes +Convertible debt securities details personal These securities are: Type of security Convertible Convertible note or bond +Security currency Face value AUD - Australian Dollar AUD 1.0000 Interest rate type Fixed rate Frequency of coupon/interest First interest payment date payments per year Annual 31/12/2022 Interest rate per annum Is the interest rate per annum 8.00000 % estimated at this time? No For s128F of the Income Tax Assessment Act status applicable to the +security Not applicable Is the +security perpetual (ie. no Maturity date maturity date)? 31/12/2022 No Select other features applicable to the +security Redeemable Proposed issue of securities 4 / 6 Proposed issue of securities Is there a first trigger date on which a right of conversion, redemption, call or put can be exercised (whichever is first)? No only Details of the type of +security that will be issued if the securities are converted, transformed or exchanged LML : ORDINARY FULLY PAID Number of +securities that will be issued if the +securities are converted, transformed or exchanged (including, if applicable, any interest) Approximately 320,000,000 Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities use proposed to be issued or provide the information by separate announcement. Part 7C - Timetable personal 7C.1 Proposed +issue date 24/12/2021 Part 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? Yes 7D.1a Date of meeting or proposed meeting to approve the issue under listing rule 7.1 18/2/2022 For 7D.2 Is a party referred to in listing rule 10.11 participating in the proposed issue? Yes 7D.3 Will any of the +securities to be issued be +restricted securities for the purposes of the listing rules? No 7D.4 Will any of the +securities to be issued be subject to +voluntary escrow? No Proposed issue of securities 5 / 6 This is an excerpt of the original content. To continue reading it, access the original document here .

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