PolarX : Application for quotation of securities - PXX

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Entity name

POLARX LIMITED

Announcement Type

New announcement

Date of this announcement

Wednesday June 01, 2022

The +securities to be quoted are:

+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B

Total number of +securities to be quoted

Refer to next page for full details of the announcement

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1.1 Name of entity

POLARX LIMITED

We (the entity named above) apply for +quotation of the following +securities and agree to the matters set out in Appendix 2A of the ASX Listing Rules.

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

1/6/2022

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2.3a.2 Are there any further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B?

Yes

2.3a.3 Please provide details of the further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B

Subject to the underlying option agreement remaining in effect, the Company will issue up to a further $25,000 of shares, at a deemed issue price based on the 10-day VWAP preceding the date of the future share issues.

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Number of +securities to be quoted

757,576

Are the +securities being issued for a cash consideration?

No

Please describe the consideration being provided for the +securities

Issued as part consideration for the amendments to the Company's option to acquire an interest in the Caribou Dome Project in Alaska USA (refer ASX announcement 17 November 2020)

Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the +securities to be quoted

0.016500

Any other information the entity wishes to provide about the +securities to be quoted