ARIKA RESOURCES LIMITED — Share Issue/Capital Change 2021

Jun 21, 2021

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

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Announcement Summary

Entity name

METALICITY LIMITED

Date of this announcement

Tuesday June 22, 2021

The +securities the subject of this notification are:

+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B that are not quoted, and are not intended to be quoted, on ASX

Total number of +securities to be issued/transferred

		Total number of
ASX +security		+securities to be
code	Security description	issued/transferred	Issue date
MCTAY	OPTION EXPIRING VARIOUS DATES EX	21,000,000	22/06/2021
	VARIOUS PRICES

Refer to next page for full details of the announcement

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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

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Part 1 - Entity and announcement details

1.1 Name of entity

METALICITY 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

ACN

Registration number

086839992

1.3 ASX issuer code

MCT

1.4 The announcement is

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New announcement

1.5 Date of this announcement

22/6/2021

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

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Part 2 - Issue details

2.1 The +securities the subject of this notification are:

+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B that are not quoted, and are not intended to be quoted, on ASX

Previous Appendix 3B details:

Announcement Date and Announcement Title Selected Appendix 3B to submit quotation Time request 15-Jun-2021 09:39 New - Proposed issue of securities - A placement or other type of issue MCT

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

300,000,000 Fully Paid Ordinary Shares to be issued under an Appendix 2A to be released today

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

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Part 3A - number and type of +securities the subject of this notification (existing class or new class) where issue has previously been notified to ASX in an Appendix 3B

Placement Details

ASX +security code and description

MCTAY : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES

Date the +securities the subject of this notification were issued

22/6/2021

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

The Company has issued 21,000,000 Broker Options (ASX Code: MCTAY, Unquoted Options) to Canaccord Genuity (Australia) Limited (Canaccord) which will be exercisable at AU$0.015 per Share and have a 3-year term to expiry. The options issued to Canaccord have been issued under the Company's LR 7.1 placement capacity.

Issue details

Number of +securities

21,000,000

Were the +securities issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

7,000,000 success based Options were to be paid to Canaccord for every $1 million raised in the Placement announced on 15 June 2021 with an exercise price of $0.015 and term to expiry of 3 years.

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

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Part 4 - +Securities on issue

Following the issue, conversion or payment up of the +securities the subject of this application, the +securities of the entity will comprise:

(A discrepancy in these figures compared to your own may be due to a matter of timing if there is more than one application for quotation/issuance currently with ASX for processing.)

4.1 Quoted +Securities (Total number of each +class of +securities quoted)

	Total number of
ASX +security code and description	+securities on issue
MCT : ORDINARY FULLY PAID	1,824,777,033
MCTO : OPTION EXPIRING 22-MAY-2022	244,670,388

4.2 Unquoted +Securities (Total number of each +class of +securities issued but not quoted on ASX)

	Total number of
ASX +security code and description	+securities on issue
MCTAY : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES	128,995,182
MCTAD : PERFORMANCE RIGHTS	82,084,110

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