MINBOS RESOURCES LIMITED — Share Issue/Capital Change 2021

Jul 8, 2021

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

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Announcement Summary

Entity name

MINBOS RESOURCES LIMITED

Date of this announcement

Friday July 09, 2021

The +securities the subject of this notification are:

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+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

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	MNBAF	20,000,000	05/07/2021
to be confirmed

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

MINBOS 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

ACN

Registration number

141175493

1.3 ASX issuer code

MNB

1.4 The announcement is

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New announcement

1.5 Date of this announcement

9/7/2021

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Part 2 - Issue details

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2.1 The +securities the subject of this notification are:

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+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

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

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ASX +security code +Security description
New class - code to be confirmed MNBAF
+Security type ISIN code
Options
Date the +securities the subject of this notification were issued
5/7/2021
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
Mr Blair Snowball Mr Blair Snowball 6,000,000
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.
10,000,000 Unlisted Options exercisable at $0.10 and expiring on 1 July 2025 vesting 12 months from date of acceptance,
being 1 July 2025.
10,000,000 Unlisted Options exercisable at $0.10 and expiring on 1 July 2025 vesting 24 months from date of acceptance,
being 1 July 2025.
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Options Details +Security currency AUD - Australian Dollar

Exercise price Expiry date AUD 0.10000000 1/7/2025

Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option

Other

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Description

One fully paid ordinary share of MNB

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/2924-02288150-6A998843?access_token=83 ff96335c2d45a

The Incentive Option Plan was adopted at the Annual General Meeting dated 3 November 2020. The Incentive Option Plan can be found at Schedule One within the above link.

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

No

Issue details

Number of +securities

20,000,000

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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
MNBOA : OPTION EXPIRING 30-APR-2023	67,187,500
MNB : ORDINARY FULLY PAID	464,032,897
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
MNBAC : OPTION EXPIRING 26-NOV-2022 EX $0.05	10,000,000
MNBAB : OPTION EXPIRING 18-NOV-2024 EX $0.05	30,000,000
MNBAD : OPTION EXPIRING 30-APR-2025 EX $0.10	12,000,000
MNBAE : PERFORMANCE RIGHTS	13,500,000
New class - code to be confirmed : MNBAF	20,000,000

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? No

5.2 Has the entity obtained, or is it obtaining, +security holder approval for the issue under listing rule 7.1? No

5.2b Are any of the +securities being issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1? No

5.2c Are any of the +securities being issued without +security holder approval using the entity's additional 10% placement capacity under listing rule 7.1A (if applicable)? N/A

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