Jade Gas : Proposed issue of securities - JGH

Proposed issue of securitiesAnnouncement Summary

Entity name

For personal use only

JADE GAS HOLDINGS LIMITED

Announcement Type

New announcement

Date of this announcement 28/4/2022

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

Refer to next page for full details of the announcementProposed issue of securities

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Proposed issue of securities

Part 1 - Entity and announcement details

1.1 Name of +Entity

JADE GAS HOLDINGS 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 55062879583

1.3 ASX issuer code JGH

1.4 The announcement isNew announcement

1.5 Date of this announcement 28/4/2022

1.6 The Proposed issue is:

A placement or other type of issue

Proposed issue of securities

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Proposed issue of securitiesPart 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?

No

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 quotationASX 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

+Security type Options

of the 'new' class of +securities on ASX?

No

+Security description 10,000,000 broker options with an exercise price of $0.09 expiring on or before 5 May 2025

Number of +securities proposed to be issued 10,000,000

Offer price details

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

No

Proposed issue of securities

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Proposed issue of securities

Please describe the consideration being provided for the +securities

Broker fees being provided for the Placement by JLMs MST Finacial Pty Ltd and Peloton Capital Pty Ltd

Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities

For personal use only

Will all the +securities issued in this class rank equally in all respects from their issue date?

Yes

Options details

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

JGH : ORDINARY FULLY PAID

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

One full paid ordinary share (ASX:JGH)

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.

Part 7C - Timetable

7C.1 Proposed +issue date 5/5/2022

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?

Proposed issue of securities

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Proposed issue of securities

placement capacity under listing rule 7.1?

10,000,000

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)?

No

For personal use only

• 7D.2 Is a party referred to in listing rule 10.11 participating in the proposed issue?

  No

• 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

Part 7E - Fees and expenses

7E.1 Will there be a lead manager or broker to the proposed issue?

Yes

7E.1a Who is the lead manager/broker?

MST Financial Pty Ltd and Peloton Capital Pty Ltd acted as joint managers to the placement

7E.1b What fee, commission or other consideration is payable to them for acting as lead manager/broker?

2% Management fee and 4% brokerage fee

7E.2 Is the proposed issue to be underwritten?

No

7E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed issue 5,000,000 options to each of the JLMs with an exercise price of $0.09 expiring 5 May 2025

Part 7F - Further Information

7F.01 The purpose(s) for which the entity is issuing the securities

Brokerage services performed by the JLMs in the placement

• 7F.1 Will the entity be changing its dividend/distribution policy if the proposed issue proceeds?

  No

• 7F.2 Any other information the entity wishes to provide about the proposed issue

Proposed issue of securities

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