MAGMATIC RESOURCES LIMITED — Share Issue/Capital Change 2021

Nov 30, 2021

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

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Announcement Summary

Entity name

MAGMATIC RESOURCES LIMITED

Date of this announcement

Wednesday December 01, 2021

The +securities the subject of this notification are: Other

Total number of +securities to be issued/transferred

		Total number of
ASX +security		+securities to be
code	Security description	issued/transferred	Issue date
MAGAG	OPTION EXPIRING VARIOUS DATE EX	6,000,000	01/12/2021
	VARIOUS PRICES

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

MAGMATIC RESOURCES 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

ABN

Registration number

32615598322

1.3 ASX issuer code

MAG

1.4 The announcement is

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New announcement

1.5 Date of this announcement

1/12/2021

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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:

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Other

Please specify

Director Options approved at the Annual General Meeting held on 29 November 2021

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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has an existing ASX security code ("existing class")

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

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Part 3B - number and type of +securities the subject of this notification (existing class) where issue has not previously been notified to ASX in an Appendix 3B

Additional +securities in an existing class

ASX +security code and description

MAGAG : OPTION EXPIRING VARIOUS DATE EX VARIOUS PRICES

Date the +securities the subject of this notification were issued

1/12/2021

Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class Yes

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

Please provide any further information needed to understand the circumstances in which you are notifying the issue of these +securities to ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B

The issue of Director Options was disclosed in the Notice of Annual General Meeting released to the ASX on 28 October 2021, subject to shareholder approval at the AGM held on 29 November 2021.

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

Issue details

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Number of +securities

6,000,000

Were the +securities issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

Director Options issued as part of the remuneration package as disclosed in the Notice of Annual General Meeting released to the ASX on 28 October 2021.

Purpose of the issue

Other

Additional Details

See above

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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
MAG : ORDINARY FULLY PAID	254,486,798

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
MAGAK : OPTION EXPIRING 30-NOV-2022 EX $0.0722	8,000,000
MAGAO : OPTION EXPIRING 28-MAY-2024 EX $0.2062	4,000,000
MAGAN : OPTION EXPIRING 31-JAN-2023 EX $0.5772	4,800,000
MAGAL : OPTION EXPIRING 31-JAN-2023 EX $0.3352	9,700,000
MAGAG : OPTION EXPIRING VARIOUS DATE EX VARIOUS PRICES	19,750,000

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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

29/11/2021

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