Proposed issue of securities

Announcement Summary

For personal use only

Entity name

NEWPEAK METALS LIMITED

Announcement Type

New announcement

Date of this announcement 8/2/2022

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

NPMO

OPTION EXPIRING 19-JUL-2023

615,000,000

NPM

ORDINARY FULLY PAID

1,200,000,000

Proposed +issue date

11/2/2022

Refer to next page for full details of the announcement

Proposed issue of securities

1 / 6

Proposed issue of securities

Part 1 - Entity and announcement details

For personal use only

1.1 Name of +Entity

NEWPEAK METALS 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

ABN

79068958752

1.3

ASX issuer code

NPM

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

8/2/2022

1.6 The Proposed issue is:

A placement or other type of issue

Proposed issue of securities

2 / 6

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

Yes

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

NPM : ORDINARY FULLY PAID

Number of +securities proposed to be issued

1,200,000,000

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 0.00100

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 / 6

Proposed issue of securities

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)?

nlyo

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

securities in a class that is already

quoted or recorded by ASX)?

Existing class

use

tails of +securities proposed to be issued

D

ASX +security code and description

NPMO : OPTION EXPIRING 19-JUL-2023

personal

Number of +securities proposed to be issued

615,000,000

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

Shares being issued at .001 with 1:2 options attached

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

0.000001

Will these +securities rank equally in all respects from their issue date with

the existing issued +securities in that class?

For

Yes

Part 7C - Timetable

7C.1 Proposed +issue date

11/2/2022

Proposed issue of securities

4 / 6

Proposed issue of securities

Part 7D - Listing Rule requirements

only

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?

1,107,462,505

use

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?

707,537,495

personal

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

A Placement is considered less costly and more expedient for raising funds at present. The Compasny recently

completed a share purchase plan open to all shareholders.

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

For

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

Yes

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

180 Markets Pty. Limited

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

6 % of capital raised and 15,000,000 NPMO listed optionsd

7E.2 Is the proposed issue to be underwritten? No

Proposed issue of securities

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Newpeak Metals Ltd. published this content on 08 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 February 2022 21:42:02 UTC.