METAL HAWK 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

METAL HAWK LIMITED.

Date of this announcement

Wednesday December 01, 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	Options exercisable at $0.42 expiring 30	550,000	01/12/2021
to be confirmed	November 2024

Refer to next page for full details of the announcement

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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

METAL HAWK 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

ACN

Registration number

630453664

1.3 ASX issuer code

MHK

1.4 The announcement is

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New announcement

1.5 Date of this announcement

1/12/2021

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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 +Security description
New class - code to be confirmed Options exercisable at $0.42 expiring 30 November 2024
+Security type ISIN code
Options
Date the +securities the subject of this notification were issued
1/12/2021
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?
No
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.
- -
NA - Options issued to employees under the Company's ESIP available at: https://cdn api.markitdigital.com/apiman gatew
ay/ASX/asx-research/1.0/file/2924-02309904-6A1007524?access_token=83ff96335c2d45a094df02a206a39ff4
Options Details
+Security currency Exercise price Expiry date
AUD - Australian Dollar AUD 0.42000000 30/11/2024
Details of the existing class of +security that will be issued upon exercise or conversion of this new class of
company option
Other
Description
MHK Fully Paid Ordinary, subject to 12 month escrow
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://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02309904-6A1007524?access_token=8
3ff96335c2d45a094df02a206a39ff4
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Any other information the entity wishes to provide about the +securities the subject of this notification No

Issue details

Number of +securities

550,000

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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
MHK : ORDINARY FULLY PAID	47,315,394
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
MHKAG : ORDINARY FULLY PAID RESTRICTED	7,350,000
MHKAH : OPTION EXPIRING 19-NOV-2023 RESTRICTED	1,000,000
MHKAI : OPTION EXPIRING 19-NOV-2023 RESTRICTED	1,562,500
MHKAJ : OPTION EXPIRING 19-NOV-2024 RESTRICTED	1,562,500
MHKAK : OPTION EXPIRING 19-NOV-2023 RESTRICTED	5,250,000
MHKAL : OPTION EXPIRING 19-NOV-2024 RESTRICTED	5,250,000
MHKAM : OPTION EXPIRING 17-NOV-2023 EX $0.25	2,950,000
New class - code to be confirmed : Options exercisable at $0.42 expiring 30 November 2024	550,000

4.2 Unquoted +Securities (Total number of each +class of +securities issued but not quoted on ASX)

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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? Yes

5.1a Select the number of the applicable exception in Listing Rule 7.2

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