Proposed issue of securities

Announcement Summary

For personal use only

Entity name

IMPACT MINERALS LIMITED

Announcement Type

New announcement

Date of this announcement

11/3/2022

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

Maximum Number of

ASX +security code

+Security description

+securities to be issued

New class-code to be

Unlisted $0.03 Options expiring one year from issue

500,000

confirmed

IPT

ORDINARY FULLY PAID

166,666,667

Proposed +issue date

16/3/2022

Refer to next page for full details of the announcement

Proposed issue of securities

1 / 7

Proposed issue of securities

Part 1 - Entity and announcement details

For personal use only

1.1 Name of +Entity

IMPACT 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

ACN

119062261

1.3

ASX issuer code

IPT

1.4 The announcement is

New announcement

1.5

Date of this announcement

11/3/2022

1.6

The Proposed issue is:

A placement or other type of issue

Proposed issue of securities

2 / 7

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?

use

No

Part 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?

personal

or an 'Existing class' (additional

No

securities in a class that is already

consideration?

quoted or recorded by ASX)?

Existing class

Details of +securities proposed to be issued

ASX +security code and description

IPT : ORDINARY FULLY PAID

Number of +securities proposed to be issued

166,666,667

Offer price details

Are the +securities proposed to be issued being issued for a cash

For

Yes

In what currency is the cash

What is the issue price per

consideration being paid?

+security?

AUD - Australian Dollar

AUD 0.01200

Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class?

Yes

Proposed issue of securities

3 / 7

Proposed issue of securities

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

only

securities in a class that is already

quoted or recorded by ASX)?

New class

Details of +securities proposed to be issued

ISIN Code (if Issuer is a foreign company and +securities are non CDIs)

use

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

Unlisted $0.03 Options expiring one year from issue

personal

+Security type

provided for the +securities

Options

Number of +securities proposed to be issued

500,000

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

Part consideration for Lead Manager services as part of the Placement

Please provide an estimate of the AUD equivalent of the consideration being

For

0.0000001

Will all the +securities issued in this class rank equally in all respects from

their issue date? Yes

Proposed issue of securities

4 / 7

Proposed issue of securities

Options details

+Security currency

Exercise price

Expiry date

AUD - Australian Dollar

AUD 0.0300

16/3/2023

only

Details of the type of +security that will be issued if the option is exercised

IPT : ORDINARY FULLY PAID

Number of securities that will be issued if the option is exercised

500,000

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.

use

Part 7C - Timetable

personal

7C.1 Proposed +issue date

16/3/2022

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?

No

7D.1b Are any of the +securities proposed to be issued without +security holder approval using the entity's 15%

placement capacity under listing rule 7.1?

Yes

7D.1b ( i ) How many +securities are proposed to be issued without security holder approval using the entity's 15%

placement capacity under listing rule 7.1?

For

500,000 $0.03 Unlisted Options expiring one year from date of issue

7D.1c Are any of the +securities proposed to be issued without +security holder approval using the entity's

additional 10% placement capacity under listing rule 7.1A (if applicable)? Yes

7D.1c ( i ) How many +securities are proposed to be issued without +security holder approval using the entity's additional 10% placement capacity under listing rule 7.1A?

166,666,667 Fully Paid Ordinary Shares

7D.1c ( ii ) Please explain why the entity has chosen to do a placement rather than a +pro rata issue or an offer under a +security purchase plan in which existing ordinary +security holders would have been eligible to participate

The Placement introduces new investors to the Company. The introduction of these investors and timelines for the capital raising and completion are considered more advantageous to the Company than a pro-rata offer.

Proposed issue of securities

5 / 7

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Impact Minerals Limited published this content on 10 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 March 2022 22:45:17 UTC.