FLAGSHIP MINERALS LIMITED — Share Issue/Capital Change 2024

Nov 20, 2024

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Announcement Summary

Entity name

PAN ASIA METALS LIMITED

Date of this announcement

Thursday November 21, 2024

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
New class - code	Unlisted Options exercisable at $0.125 and	10,000,000	19/11/2024
to be confirmed	expiring 19 November 2029
New class - code	Unlisted Options exercisable at $0.20 and expiring	10,000,000	19/11/2024
to be confirmed	19 November 2029

Refer to next page for full details of the announcement

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Appendix 3G - 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

PAN ASIA METALS 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 Registration number ARBN 639599554

1.3 ASX issuer code

PAM

1.4 The announcement is

New announcement

1.5 Date of this announcement

21/11/2024

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Appendix 3G - 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
20-Nov-2024 09:48	New - Proposed issue of securities -	A placement or other type of issue
	PAM

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?

No

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Appendix 3G - 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 new unquoted class of security Date the +securities the subject of this notification were issued 19/11/2024 Any other information the entity wishes to provide about the +securities the subject of this notification Issue details Number of +securities 10,000,000 Were the +securities issued for a cash consideration? No Please describe the consideration being provided for the +securities Options issued in accordance with the terms of the GEM Capital Commitment Agreement, ASX +security code and description new unquoted class of security Date the +securities the subject of this notification were issued 19/11/2024 Any other information the entity wishes to provide about the +securities the subject of this notification

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

Issue details

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Number of +securities

10,000,000

Were the +securities issued for a cash consideration?

No

Please describe the consideration being provided for the +securities

Options issued in accordance with the terms of the GEM Capital Commitment Agreement,

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Part 3C - number and type of +securities the subject of this notification (new class)

ASX +security code		+Security description
New class - code to be confirmed		Unlisted Options exercisable at $0.125 and expiring 19 November 2029
+Security type		ISIN code
Options
Date the +securities the subject of this notification were		issued
19/11/2024
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.
Options Details
+Security currency	Exercise price	Expiry date
AUD - Australian Dollar	AUD 0.12500000	19/11/2029

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

PAM : ORDINARY FULLY PAID

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

Issue details

Number of +securities

10,000,000

ASX +security code +Security description

New class - code to be confirmed

Unlisted Options exercisable at $0.20 and expiring 19 November 2029

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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+Security type ISIN code Options Date the +securities the subject of this notification were issued 19/11/2024 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. Options Details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.20000000 19/11/2029 Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option PAM : ORDINARY FULLY PAID Any other information the entity wishes to provide about the +securities the subject of this notification

Issue details

Number of +securities

10,000,000

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Part 4 - +Securities on issue

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

The figures in parts 4.1 and 4.2 below are automatically generated and may not reflect the entity's current issued capital if other Appendix 2A, Appendix 3G or Appendix 3H forms are currently with ASX for processing.

4.1 Quoted +securities (Total number of each +class of +securities issued and quoted on ASX)

	Total number of
ASX +security code and description	+securities on issue
PAM : ORDINARY FULLY PAID	202,323,976

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
PAMAL : OPTION EXPIRING 13-NOV-2026 EX $0.15	5,493,407
New class - code to be confirmed : Unlisted Options exercisable at $0.125 and expiring 19	10,000,000
November 2029
New class - code to be confirmed : Unlisted Options exercisable at $0.20 and expiring 19	10,000,000
November 2029

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