FireFly Metals Ltd. — Share Issue/Capital Change 2014

Jun 22, 2014

Appendix 3B New issue announcement

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

Appendix 3B

New issue announcement, application for quotation of additional securities and agreement

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 01/07/96 Origin: Appendix 5 Amended 01/07/98, 01/09/99, 01/07/00, 30/09/01, 11/03/02, 01/01/03, 24/10/05, 01/08/12, 04/03/13

Name of entity MONAX MINING LIMITED

ABN 96 110 336 733

We (the entity) give ASX the following information.

Part 1 - All issues

You must complete the relevant sections (attach sheets if there is not enough space).

1 +Class of +securities issued or to be issued 2 Number of+securities issued or to be issued (if known) or maximum number which may be issued	(a) Ordinary fully paid shares (b) Options exercisable at $0.042 on or before29 July2015
	(a) 42,814,401 (approximate maximum number due to rounding of fractional entitlements – final number to be advised) (b) 21,407,200 (approximate maximum number due to rounding of fractional entitlements – final number to be advised)

• See chapter 19 for defined terms.

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3 Principal terms of the +securities (e.g. if options, exercise price and expiry date; if partly paid +securities, the amount outstanding and due dates for payment; if+convertible securities, the conversion price and dates for conversion)	(a) Ordinary shares will rank pari passu with exiting ordinary shares (b) Quoted options exercisable at $0.042 on or before 29 July 2015

• See chapter 19 for defined terms.

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4 Do the+securities rank equally in all respects from the+issue date with an existing+class of quoted +securities? If the additional+securities do not rank equally, please state: the date from which they do the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment 5 Issue price or consideration 6 Purpose of the issue (If issued as consideration for the acquisition of assets, clearly identify those assets)	(a) Yes (b) No. If the options are exercised the resulting shares will rank pari passu with existing ordinary fully paid shares.
	(a) $0.021 (b) Nil. Options are free on the basis of one option for every two shares subscribedfor.
	Shares and options to be issued pursuant to a pro rata non-renounceable entitlement issue.

6a Is the entity an[+] eligible No entity that has obtained security holder approval under rule 7.1A? If Yes, complete sections 6b – 6h in relation to the +securities the subject of this Appendix 3B , and comply with section 6i

• See chapter 19 for defined terms.

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6b	The date the security holder
	resolution under rule 7.1A
	was passed
6c	Number of+securities
	issued without security
	holder approval under rule
	7.1
6d	Number of+securities
	issued with security holder
	approval under rule 7.1A
6e	Number of+securities
	issued with security holder
	approval under rule 7.3, or
	another specific security
	holder approval (specify date
	of meeting)
6f	Number of+securities
	issued under an exception in
	rule 7.2
6g	If+securities issued under
	rule 7.1A, was issue price at
	least 75% of 15 day VWAP
	as calculated under rule
	7.1A.3? Include the+issue
	date and both values.
	Include the source of the
	VWAP calculation.
6h	If+securities were issued
	under rule 7.1A for non-cash
	consideration, state date on
	which valuation of
	consideration was released
	to ASX Market
	Announcements
6i	Calculate the entity’s
	remaining issue capacity
	under rule 7.1 and rule 7.1A
	– complete Annexure 1 and
	release to ASX Market
	Announcements

• See chapter 19 for defined terms.

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• 7 +Issue dates

29 July 2014

Note: The issue date may be prescribed by ASX (refer to the definition of issue date in rule 19.12). For example, the issue date for a pro rata entitlement issue must comply with the applicable timetable in Appendix 7A.

Cross reference: item 33 of Appendix 3B.

• 8 Number and[+] class of all +securities quoted on ASX ( including the[+] securities in section 2 if applicable)

• 9 Number and[+] class of all +securities not quoted on ASX ( including the +securities in section 2 if applicable)

Number	~~+~~Class
214,072,004 21,407,200	Fully paid ordinary shares Options exercisable at $0.042 on or before 29 July 2015
425,000 225,000 325,000	Options exercisable at $0.0917 expiring 5 March 2015 Options exercisable at $0.051 expiring 28 July 2016 Options exercisable at $0.053 expiring 23 July2017

• 10 Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests)

N/A

• See chapter 19 for defined terms.

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Part 2 - Pro rata issue

11 Is security holder approval required? 12 Is the issue renounceable or non- renounceable? 13 Ratio in which the+securities will be offered 14 +Class of +securities to which the offer relates 15 +Record date to determine entitlements 16 Will holdings on different registers (or subregisters) be aggregated for calculating entitlements? 17 Policy for deciding entitlements in relation to fractions 18 Names of countries in which the entity has security holders who will not be sent new offer documents Note: Security holders must be told how their entitlements are to be dealt with. Cross reference: rule 7.7. 19 Closing date for receipt of acceptances or renunciations 20 Names of any underwriters 21 Amount of any underwriting fee or commission	No
	Non-renounceable
	One share for every four existing shares held together with one free option for every two new shares subscribedfor.
	(a) Ordinary fully paid shares (b) Options exercisable at $0.042 onorbefore29 July2015
	3 July 2014
	N/A
	Fractional entitlements will be rounded up to the nearest whole number.
	Only shareholders with a registered address in Australia or New Zealand are eligible to participate.
	22 July 2014. The directors reserve the right to extend the closing date, subject to the Corporations Act 2001 and theASX ListingRules.
	N/A
	N/A

• See chapter 19 for defined terms.

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22 Names of any brokers to the issue 23 Fee or commission payable to the broker to the issue 24 Amount of any handling fee payable to brokers who lodge acceptances or renunciations on behalf of security holders 25 If the issue is contingent on security holders’ approval, the date of the meeting 26 Date entitlement and acceptance form and offer documents will be sent to persons entitled 27 If the entity has issued options, and the terms entitle option holders to participate on exercise, the date on which notices will be sent to option holders 28 Date rights trading will begin (if applicable) 29 Date rights trading will end (if applicable) 30 How do security holders sell their entitlements_in full_through a broker? 31 How do security holders sell_part_of their entitlements through a broker and accept for the balance? 32 How do security holders dispose of their entitlements (except by sale through a broker)?	N/A
	N/A
	N/A
	N/A
	8 July 2014
	27 June 2014
	N/A
	N/A
	N/A
	N/A
	N/A

• See chapter 19 for defined terms.

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Part 3 - Quotation of securities

You need only complete this section if you are applying for quotation of securities

• 34 Type of[+] securities ( tick one )

• (a)  +Securities described in Part 1

• (b) All other[+] securities

Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities

Entities that have ticked box 34(a)

Additional securities forming a new class of securities

Tick to indicate you are providing the information or documents

• 35 If the[+] securities are[+] equity securities, the names of the 20 largest holders of the additional[+] securities, and the number and percentage of additional[+] securities held by those holders

• 36 If the[+] securities are[+] equity securities, a distribution schedule of the additional[+] securities setting out the number of holders in the categories

1 - 1,000 1,001 - 5,000 5,001 - 10,000 10,001 - 100,000 100,001 and over

• 37 A copy of any trust deed for the additional[+] securities

Entities that have ticked box 34(b)

• 38 Number of[+] securities for which[+] quotation is sought

• 39 +Class of +securities for which quotation is sought

• See chapter 19 for defined terms.

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• 40 Do the[+] securities rank equally in all respects from the[+] issue date with an existing[+] class of quoted +securities?

If the additional[+] securities do not rank equally, please state:

• the date from which they do

• the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment

• the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment

• 41 Reason for request for quotation now

Example: In the case of restricted securities, end of restriction period

(if issued upon conversion of another[+] security, clearly identify that other[+] security)

• 42 Number and[+] class of all +securities quoted on ASX ( including the[+] securities in clause 38)

Number ~~+~~ Class

• See chapter 19 for defined terms.

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Quotation agreement

• 1 +Quotation of our additional +securities is in ASX’s absolute discretion. ASX may quote the[+] securities on any conditions it decides.

• 2 We warrant the following to ASX.

• The issue of the[+] securities to be quoted complies with the law and is not for an illegal purpose.

• There is no reason why those[+] securities should not be granted +quotation.

• An offer of the[+] securities for sale within 12 months after their issue will not require disclosure under section 707(3) or section 1012C(6) of the Corporations Act.

  • Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty

• Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any[+] securities to be quoted and that no-one has any right to return any[+] securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the[+] securities be quoted.

• If we are a trust, we warrant that no person has the right to return the +securities to be quoted under section 1019B of the Corporations Act at the time that we request that the[+] securities be quoted.

• 3 We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement.

• 4 We give ASX the information and documents required by this form. If any information or document is not available now, we will give it to ASX before +quotation of the +securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete.

Sign here:

Date: 23 June 2014

(Company secretary)

Print name: VIRGINIA SUTTELL

• See chapter 19 for defined terms.

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