Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Announcement Summary

only

Entity name

FRONTIER RESOURCES LIMITED

Date of this announcement

Tuesday December 21, 2021

The +securities the subject of this notification are:

Other

use

Total number of +securities to be issued/transferred

ASX +security

code

Security description

New class - code

Options exercisable at $0.03 expiring 31

to be confirmed

December 2024

personalFor

Refer to next page for full details of the announcement

Total number of +securities to be

issued/transferred Issue date

25,500,000 21/12/2021

Notification of Issue, Conversion or Payment up of Unquoted

1 / 7

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

FRONTIER RESOURCES 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

Registration number

ACN

095684389

1.3

ASX issuer code

FNT

  1. The announcement is New announcement
  2. Date of this announcement

21/12/2021

Notification of Issue, Conversion or Payment up of Unquoted

2 / 7

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Part 2 - Issue details

For personal use only

2.1 The +securities the subject of this notification are: Other

Please specify

Refer "Proposed Issue of Securities" lodged on 1 November 2021 - Options Issue

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

3 / 7

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

only

New +securities

ASX +security code

+Security description

New class - code to be confirmed

Options exercisable at $0.03 expiring 31 December 2024

+Security type

ISIN code

Options

use

Date the +securities the subject of this notification were issued

21/12/2021

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

personal

Yes

Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under

listing rule 6.1?

Yes

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being

issued.

https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02452919

Options Details

+Security currency

Exercise price

Expiry date

AUD - Australian Dollar

AUD 0.03000000

31/12/2024

Details of the existing class of +security that will be issued upon exercise or conversion of this new class of

company option

For

Other

Description

One Fully Paid Ordinary Share (FNT)

Any other information the entity wishes to provide about the +securities the subject of this notification

Notification of Issue, Conversion or Payment up of Unquoted

4 / 7

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Please provide any further information needed to understand the circumstances in which you are notifying the issue of these +securities to ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B

Refer "Proposed Issue of Securities" lodged on 1 November 2021. Issue of Options to Directors and Management following shareholder approval obtained on 17 December 2021.

only

Issue details

Number of +securities

25,500,000

use

Were the +securities issued for a cash consideration?

No

Please describe the consideration being provided for the +securities

Issue of Options to Directors and Management for nil consideration following shareholder approval obtained on 17

December 2021.

Purpose of the issue

personalFor

Other

Additional Details

Issue of Options to Directors and Management following shareholder approval.

Notification of Issue, Conversion or Payment up of Unquoted

5 / 7

This is an excerpt of the original content. To continue reading it, access the original document here.

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

Frontier Resources Limited published this content on 21 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 December 2021 05:49:05 UTC.