GREENVALE ENERGY LTD — Share Issue/Capital Change 2021

Dec 22, 2021

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

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Announcement Summary

Entity name

GREENVALE MINING LTD

Date of this announcement

Thursday December 23, 2021

The +securities the subject of this notification are:

+Securities issued under an +employee incentive scheme that are subject to a restriction on transfer and are not being quoted on ASX until the restriction ends

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	8,000,000 Class 5 Performance Rights with an	8,000,000	22/12/2021
to be confirmed	expiry date of 6 December 2024
New class - code	2,000,000 Class 4 Performance Rights with an	2,000,000	22/12/2021
to be confirmed	expiry date of 6 December 2025

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

GREENVALE MINING 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

54000743555

1.3 ASX issuer code

GRV

1.4 The announcement is

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New announcement

1.5 Date of this announcement

23/12/2021

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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 under an +employee incentive scheme that are subject to a restriction on transfer and are not being quoted on ASX until the restriction ends

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 issued under an +employee incentive scheme

ASX +security code New class - code to be confirmed	+Security description 8,000,000 Class 5 Performance Rights with an expiry date of 6 December 2024
+Security type	ISIN code
Other

Date the +securities the subject of this notification were issued 22/12/2021

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? Yes

Provide details of the KMP or +associates being issued +securities.

Name of KMP	Name of registered holder	Number of +securities
Anthony Leibowitz	Anthony Leibowitz	5,000,000
Elias Khouri	Elias Khouri	3,000,000

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued.

https://clients3.weblink.com.au/pdf/GRV/02448135.pdf

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://clients3.weblink.com.au/pdf/GRV/02448135.pdf

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

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

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Issue details

Number of +securities

8,000,000

New +securities issued under an +employee incentive scheme

ASX +security code New class - code to be confirmed	+Security description 2,000,000 Class 4 Performance Rights with an expiry date of 6 December 2025
+Security type	ISIN code
Other

Date the +securities the subject of this notification were issued

22/12/2021

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? Yes

Provide details of the KMP or +associates being issued +securities.

Name of KMP	Name of registered holder	Number of +securities
Dagmar Parsons	Dagmar Parsons	2,000,000

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued.

https://clients3.weblink.com.au/pdf/GRV/02448135.pdf

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://clients3.weblink.com.au/pdf/GRV/02448135.pdf

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

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

Issue details

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Number of +securities

2,000,000

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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
GRV : ORDINARY FULLY PAID	396,944,826

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
GRVAB : PERFORMANCE RIGHTS CLASS 2 12-OCT-2025	6,800,000
GRVAP : PERFORMANCE RIGHTS CLASS 3 04-AUG-2024	3,000,000
GRVAN : PERFORMANCE RIGHTS CLASS 1 23-MAR-2024	15,000,000
GRVAO : OPTION EXPIRING 29-APR-2023 EX $0.35	1,000,000
New class - code to be confirmed : 8,000,000 Class 5 Performance Rights with an expiry	8,000,000
date of 6 December 2024
New class - code to be confirmed : 2,000,000 Class 4 Performance Rights with an expiry	2,000,000
date of 6 December 2025

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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

7/12/2021

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