FALCON METALS LTD — Share Issue/Capital Change 2024

Jan 29, 2024

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

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Announcement Summary

Entity name

FALCON METALS LTD

Date of this announcement

Tuesday January 30, 2024

The +securities the subject of this notification are:

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+Other securities issued under an +employee incentive scheme that 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
New class - code	125,000 unquoted options exercisable at $0.21	125,000	30/01/2024
to be confirmed	expiring 31 January 2027
New class - code	125,000 unquoted options exercisable at $0.21	125,000	30/01/2024
to be confirmed	expiring 31 January 2028

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

FALCON METALS 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

ACN

Registration number

651893097

1.3 ASX issuer code

FAL

1.4 The announcement is

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New announcement

1.5 Date of this announcement

30/1/2024

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

Part 2 - Issue details

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2.1 The +securities the subject of this notification are:

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+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

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

ASX +security code +Security description New class - code to be confirmed 125,000 unquoted options exercisable at $0.21 expiring 31 January 2027 +Security type ISIN code Options Date the +securities the subject of this notification were issued 30/1/2024 Will all the +securities issued in this class rank equally in all respects from their issue date? Yes Were any of the +securities issued to +key management personnel (KMP) or an +associate? No 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.falconmetals.com.au/wp-content/uploads/2024/01/Annexure-A-2023.11-Employee-Securities-Incentive-PlanFalcon-Metals-Ltd.pdf Options Details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.21000000 31/1/2027 Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option Other Description FAL Fully Paid Ordinary Shares Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms https://www.falconmetals.com.au/wp-content/uploads/2024/01/Annexure-A-2023.11-Employee-Securities-Incentive-PlanFalcon-Metals-Ltd.pdf

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

Issue details

	Number of +securities
	125,000
	ASX +security code		+Security description
	New class - code to be confirmed		125,000 unquoted options exercisable at $0.21 expiring 31 January 2028
	+Security type		ISIN code
	Options
	Date the +securities the subject of this notification were		issued
	30/1/2024
	Will all the +securities issued in this class rank equally in all respects from their issue date?
	Yes
	Were any of the +securities issued to +key management		personnel (KMP) or an +associate?
	No
	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.falconmetals.com.au/wp-content/uploads/2024/01/Annexure-A-2023.11-Employee-Securities-Incentive-Plan-
	Falcon-Metals-Ltd.pdf
	Options Details
	+Security currency	Exercise price	Expiry date
	AUD - Australian Dollar	AUD 0.21000000	31/1/2028

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

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Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option

Other

Description

FAL Fully Paid Ordinary Shares

Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms https://www.falconmetals.com.au/wp-content/uploads/2024/01/Annexure-A-2023.11-Employee-Securities-Incentive-PlanFalcon-Metals-Ltd.pdf

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

Issue details

Number of +securities

125,000

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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
FAL : ORDINARY FULLY PAID	177,000,000
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
FALAK : OPTION EXPIRING 30-SEP-2026 EX $0.24	250,000
FALAL : OPTION EXPIRING 30-SEP-2027 EX $0.24	250,000
FALAC : OPTION EXPIRING 15-DEC-2024 EX $0.75	5,398,500
FALAD : OPTION EXPIRING 15-DEC-2025 EX $0.75	5,398,500
FALAF : OPTION EXPIRING 31-JUL-2026 EX $0.36	1,412,500
FALAE : OPTION EXPIRING 31-JUL-2025 EX $0.36	1,412,500
FALAI : OPTION EXPIRING 30-JUN-2026 EX $0.35	1,510,000
FALAJ : OPTION EXPIRING 30-JUN-2027 EX $0.35	1,510,000
New class - code to be confirmed : 125,000 unquoted options exercisable at $0.21 expiring	125,000
31 January 2027
New class - code to be confirmed : 125,000 unquoted options exercisable at $0.21 expiring	125,000
31 January 2028

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? Yes

5.1a Select the number of the applicable exception in Listing Rule 7.2

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