CONICO LTD — Capital/Financing Update 2022

Mar 31, 2022

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

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Announcement Summary

Entity name

CONICO LTD

Date of this announcement

Friday April 01, 2022

The +securities the subject of this notification are: Other

Total number of +securities to be issued/transferred

		Total number of
ASX +security		+securities to be
code	Security description	issued/transferred	Issue date
New class - code	Options exerciseable at $0.10 and expiring30	33,500,000	22/09/2021
to be confirmed	November 2024.

Refer to next page for full details of the announcement

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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

CONICO LTD

We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.

1.2 Registered number type

ABN

Registration number

49119057457

1.3 ASX issuer code

CNJ

1.4 The announcement is

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New announcement

1.5 Date of this announcement

1/4/2022

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Part 2 - Issue details

2.1 The +securities the subject of this notification are:

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Other

Please specify

As per Appendix 3B lodged 15/09/2021

2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which:

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does not have an existing ASX security code ("new class")

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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

New +securities ASX +security code +Security description New class - code to be confirmed Options exerciseable at $0.10 and expiring30 November 2024. +Security type ISIN code Options Date the +securities the subject of this notification were issued 22/9/2021 Will all the +securities issued in this class rank equally in all respects from their issue date? Yes Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1? No 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=02421663

Options Details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.10000000 30/11/2024 Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option Other Description CNJ Any other information the entity wishes to provide about the +securities the subject of this notification There was a delay in completing the Appendix 3G as the Appendix 3B had been completed however the class of securities was unable to be selected in the Appendix 3G. This was first communicated to the ASX on 29 September 2021 and the ASX reverted with a work around on 31 March 2022.

Please provide any further information needed to understand the circumstances in which you are notifying the

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

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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

It was announced in the Appendix 3B on 15 September 2021.

Issue details

Number of +securities 33,500,000

Were the +securities issued for a cash consideration? No Please describe the consideration being provided for the +securities Free attaching options.

Purpose of the issue

To raise additional working capital

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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
CNJ : ORDINARY FULLY PAID	1,000,214,874
CNJN : ORDINARY FULLY PAID DEFERRED	191,707,851
CNJO : OPTION EXPIRING 31-DEC-2026 DEFERRED	95,853,925
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
CNJAA : OPTION EXPIRING 24-NOV-2023 EX $0.04	8,500,000
CNJAC : OPTION EXPIRING 15-JAN-2024 EX $0.04	2,300,000
CNJAM : OPTION EXPIRING 21-SEP-2023 EX $0.022	1,000,000
CNJAN : OPTION EXPIRING 20-JAN-2024 EX $0.07	60,496,307
CNJAO : OPTION EXPIRING 30-SEP-2024 EX $0.04	10,000,000
New class - code to be confirmed : Options exerciseable at $0.10 and expiring30 November	33,500,000
2024.

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

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Part 5 - Other Listing Rule requirements

5.1 Were the +securities issued under an exception in Listing Rule 7.2 and therefore the issue did not need any security holder approval under Listing Rule 7.1? No

5.2 Has the entity obtained, or is it obtaining, +security holder approval for the issue under listing rule 7.1? Yes

5.2a Date of meeting or proposed meeting to approve the issue under listing rule 7.1

25/11/2021

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