KINGFISHER MINING LTD — Capital/Financing Update 2022

Nov 1, 2022

Proposed issue of securities

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Announcement Summary

Entity name

KINGFISHER MINING LTD

Announcement Type

New announcement

Date of this announcement

2/11/2022

The Proposed issue is:

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A placement or other type of issue

Total number of +securities proposed to be issued for a placement or other type of issue

		Maximum Number of
ASX +security code	+Security description	+securities to be issued
New class-code to be	Option exercisable at $0.70 expiring 30-May-25	2,500,000
confirmed
New class-code to be	Option exercisable at $0.70 expiring 30-May-25	1,800,000
confirmed

Proposed +issue date

28/11/2022

Refer to next page for full details of the announcement

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Part 1 - Entity and announcement details

1.1 Name of +Entity

KINGFISHER MINING LTD

We (the entity named above) give ASX the following information about a proposed issue of +securities and, if ASX agrees to +quote any of the +securities (including any rights) on a +deferred settlement basis, we agree to the matters set out in Appendix 3B of the ASX Listing Rules.

If the +securities are being offered under a +disclosure document or +PDS and are intended to be quoted on ASX, we also apply for quotation of all of the +securities that may be issued under the +disclosure document or +PDS on the terms set out in Appendix 2A of the ASX Listing Rules (on the understanding that once the final number of +securities issued under the +disclosure document or +PDS is known, in accordance with Listing Rule 3.10.3C, we will complete and lodge with ASX an Appendix 2A online form notifying ASX of their issue and applying for their quotation).

1.2 Registered Number Type

ACN

Registration Number 629675216

1.3 ASX issuer code

KFM

1.4 The announcement is

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New announcement

1.5 Date of this announcement

2/11/2022

1.6 The Proposed issue is:

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A placement or other type of issue

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Part 7 - Details of proposed placement or other issue

Part 7A - Conditions

7A.1 Do any external approvals need to be obtained or other conditions satisfied before the placement or other type of issue can proceed on an unconditional basis? Yes

7A.1a Conditions

Approval/Condition Date for determination Is the date estimated or ** Approval actual? received/condition met? +Security holder approval 21/11/2022 Actual No

Comments

Part 7B - Issue details

Is the proposed security a 'New Will the proposed issue of this class' (+securities in a class that is +security include an offer of not yet quoted or recorded by ASX) attaching +securities? or an 'Existing class' (additional No securities in a class that is already quoted or recorded by ASX)? New class

Details of +securities proposed to be issued

ISIN Code (if Issuer is a foreign company and +securities are non CDIs)

Have you received confirmation from Will the entity be seeking quotation ASX that the terms of the proposed of the 'new' class of +securities on +securities are appropriate and ASX? equitable under listing rule 6.1? Yes No ASX +security code +Security description New class-code to be confirmed Option exercisable at $0.70 expiring 30-May-25

+Security type

Options

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Proposed issue of securities
Number of +securities proposed to be issued
2,500,000
Offer price details
Are the +securities proposed to be issued being issued for a cash consideration?
No
Please describe the consideration being provided for the +securities
Free attaching option
Please provide an estimate of the AUD equivalent of the consideration being
provided for the +securities
Will all the +securities issued in this class rank equally in all respects from
their issue date?
Yes
Options details
+Security currencyExercise price	Expiry date
AUD - Australian DollarAUD 0.7000	30/5/2024
Details of the type of +security that will be issued if the option is exercised
KFM : ORDINARY FULLY PAID
Number of securities that will be issued if the option is exercised
1 KFM fully paid ordinary share for every 1 option exercised
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities
proposed to be issued or provide the information by separate announcement.https://www.asx.com.au/asxpdf/20221021/pdf/45glg3drpwrnmc.pdf
Is the proposed security a 'NewWill the proposed issue of this
class' (+securities in a class that is+security include an offer of
not yet quoted or recorded by ASX)attaching +securities?
or an 'Existing class' (additionalNo
securities in a class that is already
quoted or recorded by ASX)?
New class

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Details of +securities proposed to be issued

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----- Start of picture text ----- ISIN Code (if Issuer is a foreign company and +securities are non CDIs)Have you received confirmation from Will the entity be seeking quotationASX that the terms of the proposed of the 'new' class of +securities on+securities are appropriate and ASX?equitable under listing rule 6.1? YesNoASX +security code +Security descriptionNew class-code to be confirmed Option exercisable at $0.70 expiring 30-May-25+Security typeOptionsNumber of +securities proposed to be issued1,800,000Offer price detailsAre the +securities proposed to be issued being issued for a cash consideration?YesIn what currency is the cash What is the issue price perconsideration being paid? +security?AUD - Australian Dollar AUD 0.00001Will all the +securities issued in this class rank equally in all respects fromtheir issue date?YesOptions details+Security currency Exercise price Expiry dateAUD - Australian Dollar AUD 0.7000 30/5/2025Details of the type of +security that will be issued if the option is exercisedKFM : ORDINARY FULLY PAIDNumber of securities that will be issued if the option is exercised1 KFM fully paid ordinary share for every 1 option exercisedPlease provide a URL link for a document lodged with ASX setting out the material terms of the +securitiesproposed to be issued or provide the information by separate announcement.https://www.asx.com.au/asxpdf/20221021/pdf/45glg3drpwrnmc.pdf----- End of picture text -----

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Part 7C - Timetable

7C.1 Proposed +issue date 28/11/2022 Part 7D - Listing Rule requirements

7D.1 Has the entity obtained, or is it obtaining, +security holder approval for the entire issue under listing rule 7.1? Yes 7D.1a Date of meeting or proposed meeting to approve the issue under listing rule 7.1 21/11/2022

7D.2 Is a party referred to in listing rule 10.11 participating in the proposed issue? No 7D.3 Will any of the +securities to be issued be +restricted securities for the purposes of the listing rules? No

7D.4 Will any of the +securities to be issued be subject to +voluntary escrow? No Part 7E - Fees and expenses

7E.1 Will there be a lead manager or broker to the proposed issue? No 7E.2 Is the proposed issue to be underwritten? No

7E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed issue

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Part 7F - Further Information

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7F.01 The purpose(s) for which the entity is issuing the securities

Free attaching options to placement completed 19-Sep-22 & associated options for broker fees

7F.1 Will the entity be changing its dividend/distribution policy if the proposed issue proceeds? No

7F.2 Any other information the entity wishes to provide about the proposed issue

7F.3 Any on-sale of the +securities proposed to be issued within 12 months of their date of issue will comply with the secondary sale provisions in sections 707(3) and 1012C(6) of the Corporations Act by virtue of: The publication of a +disclosure document or +PDS for the +securities proposed to be issued

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