MINREX RESOURCES LIMITED — Share Issue/Capital Change 2022

Dec 4, 2022

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

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Announcement Summary

Entity name

MINREX RESOURCES LIMITED

Date of this announcement

Monday December 05, 2022

The +securities the subject of this notification are:

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Other

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	Unlisted options exercisable at $0.10 and expiring	5,000,000	02/12/2022
to be confirmed	2/12/2025
New class - code	Unlisted options exercisable at $0.12 and expiring	5,000,000	02/12/2022
to be confirmed	2/12/2025

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

MINREX 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

151185867

1.3 ASX issuer code

MRR

1.4 The announcement is

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New announcement

1.5 Date of this announcement

5/12/2022

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

Part 2 - Issue details

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2.1 The +securities the subject of this notification are:

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Other

Please specify

Issue of incentive options approved at Annual General Meeting held 30 Nov 2022

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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New +securities
ASX +security code +Security description
New class - code to be confirmed Unlisted options exercisable at $0.10 and expiring
2/12/2025
+Security type ISIN code
Options
Date the +securities the subject of this notification were issued
2/12/2022
Will all the +securities issued in this class rank equally in all respects from their issue date?
Yes
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.
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02586678-6A1117238?access_token=8
3ff96335c2d45a094df02a206a39ff4
Options Details
+Security currency Exercise price Expiry date
AUD - Australian Dollar AUD 0.10000000 2/12/2025
Details of the existing class of +security that will be issued upon exercise or conversion of this new class of
company option
Other
Description
Fully paid ordinary shares
Any other information the entity wishes to provide about the +securities the subject of this notification
Refer to Notice of Annual General Meeting dated 20 Oct 2022 for full details of the option terms.
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
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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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the market in an Appendix 3B

Refer to Notice of Annual General Meeting dated 20 Oct 2022

Issue details

Number of +securities

5,000,000

Were the +securities issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

Nil consideration. Issued to Managing Director pursuant to shareholder approval at AGM held 30 Nov 2022

Purpose of the issue

Other

Additional Details

Issued to Managing Director pursuant to shareholder approval at AGM held 30 Nov 2022

New +securities

ASX +security code +Security description New class - code to be confirmed Unlisted options exercisable at $0.12 and expiring 2/12/2025 +Security type ISIN code Options Date the +securities the subject of this notification were issued 2/12/2022

Will all the +securities issued in this class rank equally in all respects from their issue date? Yes

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. https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02586678-6A1117238?access_token=8 3ff96335c2d45a094df02a206a39ff4

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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Options Details

+Security currency

AUD - Australian Dollar

Exercise price Expiry date AUD 0.12000000 2/12/2025

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

Other

Description

Fully paid ordinary shares

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

Refer to Notice of Annual General Meeting dated 20 Oct 2022 for full details of the option terms.

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

Refer to Notice of Annual General Meeting dated 20 Oct 2022

Issue details

Number of +securities

5,000,000

Were the +securities issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

Nil consideration. Issued to Managing Director pursuant to shareholder approval at AGM held 30 Nov 2022

Purpose of the issue

Other

Additional Details

Issued to Managing Director pursuant to shareholder approval at AGM held 30 Nov 2022

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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
MRR : ORDINARY FULLY PAID	1,083,541,697

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
MRRAO : OPTION EXPIRING 08-APR-2023 EX $0.04	49,885,417
MRRAQ : PERFORMANCE RIGHTS	14,000,000
MRRAP : OPTION EXPIRING 09-APR-2023 EX $0.045	18,500,000
New class - code to be confirmed : Unlisted options exercisable at $0.10 and expiring	5,000,000
2/12/2025
New class - code to be confirmed : Unlisted options exercisable at $0.12 and expiring	5,000,000
2/12/2025

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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

30/11/2022

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