LOYAL METALS LTD — Share Issue/Capital Change 2023

Feb 15, 2023

Notification of cessation of +securities

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Announcement Summary

Entity name

LOYAL LITHIUM LIMITED

Announcement Type

New announcement

Date of this announcement

Thursday February 16, 2023

Details of +securities that have ceased

		Number of
ASX +security		+securities that	The +securities have	Date of
code	Security description	have ceased	ceased due to	cessation
LLIAG	STAGE 3 OPTION	4,500,000	Cancellation by agreement	16/02/2023
	EXPIRING 07-JUN-2025 EX		between the entity and the
	$0.70		holder
LLIAH	STAGE 3 PERFORMANCE	9,000,000	Cancellation by agreement	16/02/2023
	SHARES		between the entity and the
			holder
LLIAE	STAGE 2 PERFORMANCE	9,000,000	Cancellation by agreement	16/02/2023
	SHARES		between the entity and the
			holder
LLIAF	STAGE 2 OPTION	4,500,000	Cancellation by agreement	16/02/2023
	EXPIRING 07-JUN-2025 EX		between the entity and the
	$0.50		holder

Refer to next page for full details of the announcement

Notification of cessation of +securities

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Notification of cessation of +securities

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Part 1 - Announcement Details

1.1 Name of +Entity

LOYAL LITHIUM LIMITED

We (the entity named above) provide the following information about our issued capital.

1.2 Registered Number Type

ACN

Registration Number 644564241

1.3 ASX issuer code

LLI

1.4 The announcement is

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New announcement

1.5 Date of this announcement

16/2/2023

Notification of cessation of +securities

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Notification of cessation of +securities

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Part 2 - Details of +equity securities or +debt securities that have ceased

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ASX +Security Code and Description
LLIAE : STAGE 2 PERFORMANCE SHARES
Unquoted +equity securities that have ceased
Number of securities that have ceased
9,000,000
Reason for cessation
Cancellation by agreement between the entity and the holder
Date of cessation Is the entity paying any consideration for the cessation?
No
16/2/2023
Any other information the entity wishes to notify to ASX about the cessation?
Refer - https://www.asx.com.au/asxpdf/20230216/pdf/45lngx3qwdyr7q.pdf - Shares and Unquoted Options to be issued
ASX +Security Code and Description
LLIAH : STAGE 3 PERFORMANCE SHARES
Unquoted +equity securities that have ceased
Number of securities that have ceased
9,000,000
Reason for cessation
Cancellation by agreement between the entity and the holder
Date of cessation Is the entity paying any consideration for the cessation?
No
16/2/2023
Any other information the entity wishes to notify to ASX about the cessation?
Refer - https://www.asx.com.au/asxpdf/20230216/pdf/45lngx3qwdyr7q.pdf - Shares and Unquoted Options to be issued
ASX +Security Code and Description
LLIAG : STAGE 3 OPTION EXPIRING 07-JUN-2025 EX $0.70
Unquoted +equity securities that have ceased
Number of securities that have ceased
4,500,000
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Notification of cessation of +securities

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Notification of cessation of +securities

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Reason for cessation

Cancellation by agreement between the entity and the holder

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Date of cessation Is the entity paying any consideration for the cessation?
No
16/2/2023
Any other information the entity wishes to notify to ASX about the cessation?
Refer - https://www.asx.com.au/asxpdf/20230216/pdf/45lngx3qwdyr7q.pdf - Shares and Unquoted Options to be issued
ASX +Security Code and Description
LLIAF : STAGE 2 OPTION EXPIRING 07-JUN-2025 EX $0.50
Unquoted +equity securities that have ceased
Number of securities that have ceased
4,500,000
Reason for cessation
Cancellation by agreement between the entity and the holder
Date of cessation Is the entity paying any consideration for the cessation?
No
16/2/2023
Any other information the entity wishes to notify to ASX about the cessation?
Refer - https://www.asx.com.au/asxpdf/20230216/pdf/45lngx3qwdyr7q.pdf - Shares and Unquoted Options to be issued
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Notification of cessation of +securities

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Notification of cessation of +securities

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Part 3 - Issued capital following changes

Following the cessation of the +securities the subject of this notification, the issued capital of the entity will	Following the cessation of the +securities the subject of this notification, the issued capital of the entity will
comprise:
3.1 Quoted +equity securities and +debt securities (total number of each +class of +securities quoted on ASX)
	Total number of
ASX +security code and description	+securities on issue
LLI : ORDINARY FULLY PAID	52,490,000
3.2 Unquoted +equity securities (total number of each +class of +equity securities issued but not quoted on ASX)
	Total number of
ASX +security code and description	+securities on issue
LLIAG : STAGE 3 OPTION EXPIRING 07-JUN-2025 EX $0.70	0
LLIAH : STAGE 3 PERFORMANCE SHARES	0
LLIAE : STAGE 2 PERFORMANCE SHARES	0
LLIAF : STAGE 2 OPTION EXPIRING 07-JUN-2025 EX $0.50	0
LLIAI : OPTION EXPIRING 25-JUL-2025 EX $0.35	1,000,000
LLIAJ : PERFORMANCE RIGHTS	3,000,000
LLIAA : ORDINARY FULLY PAID RESTRICTED	3,000,001
LLIAB : OPTION EXPIRING 06-JUL-2024 RESTRICTED	21,400,000
LLIAC : OPTION EXPIRING 06-JUL-2024 EX $0.30	900,000
LLIAD : OPTION EXPIRING 02-MAY-2025 EX $0.45	500,000

Note: the figures stated in the tables above are used to calculate the total market capitalisation of the entity published by ASX from time to time. The table will not include those classes of +securities that have ceased or lapsed in their entirety in ASX records before the announcement date described in Q1.5, even if the entity has advised ASX of a change to that class of +security in Part 2 of this form.

Notification of cessation of +securities

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