Scorpion Minerals : Notification regarding unquoted securities - SCN

About this update from Scorpion Minerals Limited

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Announcement Summary Entity name For personal use only SCORPION MINERALS LIMITED Date of this announcement Thursday April 21, 2022 The +securities the subject of this notification are: +Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX Total number of +securities to be issued/transferred ASX +security code New class - code to be confirmed New class - code to be confirmed New class - code to be confirmed Security description OPTION EXPIRING 21-APR-2024 EX NIL 750,000 21/04/2022 OPTION EXPIRING 21-APR-2025 EX NIL 750,000 21/04/2022 OPTION EXPIRING 21-APR-2026 EX NIL 750,000 21/04/2022 Refer to next page for full details of the announcement Total number of +securities to be issued/transferred Issue date Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 1 / 9 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 SCORPION MINERALS 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 ABN 1.3 ASX issuer code SCN 1.4 The announcement is New announcement 1.5 Date of this announcement 21/4/2022 Registration number 40115535030 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 2 / 9 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 securities issued under an +employee incentive scheme that are not intended to be quoted on ASX For personal use only 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 Equity Securities 3 / 9 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 For personal use only ASX +security code +Security description New class - code to be confirmed OPTION EXPIRING 21-APR-2024 EX NIL +Security type ISIN code Options Date the +securities the subject of this notification were issued 21/4/2022 Will all the +securities issued in this class rank equally in all respects from their issue date? Yes Were any of the +securities issued to +key management personnel (KMP) or an +associate? No 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. Options Details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.00000000 21/4/2024 Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option Other Description SCN: FULLY PAID ORDINARY SHARES Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms The general terms of the Employee Option Plan under which the securities are being issued are set out on the Company's 2020 Notice of Annual General Meeting, available at the following link: https://www.scorpionminerals.com.au/wp-content/u ploads/2020/10/2135624.pdf Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 4 / 9 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Any other information the entity wishes to provide about the +securities the subject of this notification Issue details For personal use only Number of +securities 750,000 ASX +security code +Security description New class - code to be confirmed OPTION EXPIRING 21-APR-2025 EX NIL +Security type ISIN code Options Date the +securities the subject of this notification were issued 21/4/2022 Will all the +securities issued in this class rank equally in all respects from their issue date? Yes Were any of the +securities issued to +key management personnel (KMP) or an +associate? No 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. Options Details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.00000000 21/4/2025 Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option Other Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 5 / 9 This is an excerpt of the original content. To continue reading it, access the original document here .

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