West Cobar Metals : Proposed issue of securities - WC1

About this update from West Cobar Metals Ltd.

Proposed issue of securities Announcement Summary Entity name For personal use only WEST COBAR METALS LIMITED Announcement Type New announcement Date of this announcement 6/4/2022 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 Proposed +issue date 12/5/2022 Refer to next page for full details of the announcement Proposed issue of securities 1 / 8 Proposed issue of securities Part 1 - Entity and announcement details 1.1 Name of +Entity WEST COBAR METALS LIMITED For personal use only 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 ABN Registration Number 26649994669 1.3 ASX issuer code WC1 1.4 The announcement is New announcement 1.5 Date of this announcement 6/4/2022 1.6 The Proposed issue is: A placement or other type of issue Proposed issue of securities 2 / 8 Proposed issue of securities Part 7 - Details of proposed placement or other issue For personal use 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 7A.1a Conditions Approval/Condition +Security holder approval Date for determination 12/5/2022 Is the date estimated or actual? ** Approval received/condition met? Actual No Comments Part 7B - Issue details Is the proposed security a 'New class' (+securities in a class that is not yet quoted or recorded by ASX) or an 'Existing class' (additional securities in a class that is already quoted or recorded by ASX)? New class Details of +securities proposed to be issued Will the proposed issue of this +security include an offer of attaching +securities? No 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 +securities are appropriate and equitable under listing rule 6.1? No ASX +security code New class-code to be confirmed of the 'new' class of +securities on ASX? No +Security description Unquoted options exercisable at a 45% premium to 5 day VWAP, expiring 4 November 2024 Proposed issue of securities 3 / 8 Proposed issue of securities +Security type Options Number of +securities proposed to be issued 1,000,000 For personal use only 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 Forms part of remuneration package for Executive Director, Mr Kevin Das Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities Will all the +securities issued in this class rank equally in all respects from their issue date? Yes Options details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 4/11/2024 Details of the type of +security that will be issued if the option is exercised WC1 : ORDINARY FULLY PAID Number of securities that will be issued if the option is exercised One fully paid ordinary share 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. Refer to Schedule 1 of Notice of Meeting lodged with ASX on 6 April 2022 Is the proposed security a 'New class' (+securities in a class that is not yet quoted or recorded by ASX) or an 'Existing class' (additional securities in a class that is already quoted or recorded by ASX)? Will the proposed issue of this +security include an offer of attaching +securities? No New class Proposed issue of securities 4 / 8 Proposed issue of securities 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 For personal use only ASX that the terms of the proposed +securities are appropriate and equitable under listing rule 6.1? of the 'new' class of +securities on ASX? No No ASX +security code +Security description New class-code to be confirmed Unquoted options exercisable at a 55% premium to 5 day VWAP, expiring 4 November 2024 +Security type Options Number of +securities proposed to be issued 1,000,000 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 Forms part of remuneration package for Executive Director, Mr Kevin Das Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities Will all the +securities issued in this class rank equally in all respects from their issue date? Yes Options details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 4/11/2024 Details of the type of +security that will be issued if the option is exercised WC1 : ORDINARY FULLY PAID Number of securities that will be issued if the option is exercised One fully paid ordinary share Please provide a URL link for a document lodged with ASX setti n g out the material terms of the +securities Proposed issue of securities 5 / 8 This is an excerpt of the original content. To continue reading it, access the original document here .

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