Impact Minerals : Proposed issue of securities - IPT

Proposed issue of securitiesAnnouncement Summary

Entity name

IMPACT MINERALS LIMITED

Announcement Type

New announcement

Date of this announcement 26/4/2022

The Proposed issue is:

A standard pro rata issue (including non-renounceable or renounceable)A placement or other type of issue

Total number of +securities proposed to be issued for a standard pro rata issue (including non-renounceable or renounceable)

Ex date 28/4/2022

+Record date 29/4/2022

Offer closing date 20/5/2022

Issue date 27/5/2022

Total number of +securities proposed to be issued for a placement or other type of issue

Proposed issue of securities

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Proposed issue of securities

Refer to next page for full details of the announcement

For personal use only

Proposed issue of securities

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Proposed issue of securities

Part 1 - Entity and announcement details

1.1 Name of +Entity

IMPACT MINERALS 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 52119062261

1.3 ASX issuer code IPT

1.4 The announcement isNew announcement

1.5 Date of this announcement 26/4/2022

1.6 The Proposed issue is:

A standard +pro rata issue (non-renounceable or renounceable)A placement or other type of issue

1.6a The proposed standard +pro rata issue is:+ Renounceable

Proposed issue of securities

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Proposed issue of securities

Part 3 - Details of proposed entitlement offer issue

For personal use only

Part 3A - Conditions

3A.1 Do any external approvals need to be obtained or other conditions satisfied before the entitlement offer can proceed on an unconditional basis?

No

Part 3B - Offer details

Class or classes of +securities that will participate in the proposed issue and class or classes of +securities proposed to be issued

ASX +security code and description IPT : ORDINARY FULLY PAID

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?

If the entity has quoted company options, do the terms entitle option holders to participate on exercise?

Yes

No

Existing class

Details of +securities proposed to be issued

ASX +security code and description

IPT : ORDINARY FULLY PAID

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

ISIN Code for the tradable rights created under a renounceable right issue (if Issuer is foreign company and +securities are non CDIs)

Offer ratio (ratio to existing holdings at which the proposed +securities will be issued)

The quantity of additional +securities For a given quantity of +securities

to be issued 1

held 4

Proposed issue of securities

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Proposed issue of securities

What will be done with fractional entitlements?

Maximum number of +securities proposed to be issued (subject to rounding)

Fractions rounded down to the nearest whole number or fractions disregarded

547,615,397

For personal use only

Offer price details for retail security holders

Will individual +security holders be permitted to apply for more than their entitlement (i.e. to over-subscribe)?

Yes

Describe the limits on over-subscription

Refer to Section 8 of the Prospectus dated 26 April 2022.

Will a scale back be applied if the offer is over-subscribed?

Yes

Describe the scale back arrangements

Refer to Section 8 of the Prospectus dated 26 April 2022.

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

Yes

Attaching +Security

Is the proposed attaching 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

Attaching +Security - New class (+securities in a class that is not yet quoted or recorded by ASX)

Details of attaching +securities proposed to be issued

Proposed issue of securities

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