Wiluna Mining : Proposed issue of securities - WMC

Proposed issue of securities

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Proposed issue of securities

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Proposed issue of securities

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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?

use

No

Part 3B - Offer details

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

personal

proposed to be issued

ASX +security code and description

WMC : ORDINARY FULLY PAID

Is the proposed security a 'New

Will the proposed issue of this

If the entity has quoted company

class' (+securities in a class that is

+security include an offer of

options, do the terms entitle option

not yet quoted or recorded by ASX)

attaching +securities?

holders to participate on exercise?

or an 'Existing class' (additional

Yes

No

securities in a class that is already

quoted or recorded by ASX)?

Existing class

D tails of +securities proposed to be issued

ASX +security code and description

WMC : ORDINARY FULLY PAID

For

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

ISIN Code for the entitlement or right to participate in a non-renounceable

1

1

Proposed issue of securities

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Fractions rounded up to the next

211,314,945

whole number

Offer price details for retail security holders

In what currency will the offer be

What is the offer price per +security

made?

for the retail offer?

AUD - Australian Dollar

AUD 0.40000

use

Oversubscription & Scale back details

personal

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

Shareholders will be able to subscribe for additional securities in advance of the shortfall offer. No additional or shortfall

shares will be issued if the issue would result in a breach of the Corporations Act or Listing Rules. Refer Prospectus

section 5.3.

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

Yes

Describe the scale back arrangements

Scale back arrangements for applications for additional shares will be determined at the discretion of the Company in

consultation with its Lead Manager. The shortfall allocation policy will take into account the number of New Shares applied

for, the resulting composition of the Company's share register, the likelihood that investors will be long term or strategic

shareholders and other factors that the Company and its Lead Manager consider appropriate. Refer prospectus section

5.12.

For

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

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