NORDIC RESOURCES LTD — Share Issue/Capital Change 2022

Jul 6, 2022

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

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Announcement Summary

Entity name

NORDIC NICKEL LIMITED

Date of this announcement

Thursday July 07, 2022

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	Unlisted options	250,000	07/07/2022
to be confirmed
New class - code	Unlisted Option	250,000	07/07/2022
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

NORDIC NICKEL 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

13647455105

1.3 ASX issuer code

NNL

1.4 The announcement is

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New announcement

1.5 Date of this announcement

7/7/2022

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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 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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----- Start of picture text ----- ASX +security code +Security descriptionNew class - code to be confirmed Unlisted options+Security type ISIN codeOptionsDate the +securities the subject of this notification were issued7/7/2022Will all the +securities issued in this class rank equally in all respects from their issue date?YesWere any of the +securities issued to +key management personnel (KMP) or an +associate?NoHave you received confirmation from ASX that the terms of the +securities are appropriate and equitable underlisting rule 6.1?NoPlease provide a URL link for a document lodged with ASX setting out the material terms of the +securities beingissued.Options Details+Security currency Exercise price Expiry dateAUD - Australian Dollar AUD 0.30000000 31/5/2026Details of the existing class of +security that will be issued upon exercise or conversion of this new class ofcompany optionOtherDescriptionNNL:ORD----- End of picture text -----

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://www.asx.com.au/asxpdf/20220530/pdf/459g5py6thbxtg.pdf

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

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

Options vest on the date that is 12 months from 1 June 2022, provided the Consultant remains employed by the Company in some capacity on that vesting date.

	Issue details
	Number of +securities
	250,000
	ASX +security codeNew class - code to be confirmed		+Security descriptionUnlisted Option
	+Security type		ISIN code
	Options
	Date the +securities the subject of this notification were issued
	7/7/2022
	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.
	Options Details
	+Security currency	Exercise price	Expiry date
	AUD - Australian Dollar	AUD 0.40000000	31/5/2026
	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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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Description

NNL:ORD

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://www.asx.com.au/asxpdf/20220530/pdf/459g5py6thbxtg.pdf

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

Options vest on the date that is 24 months from 1 June 2022, provided the Consultant remains employed by the Company in some capacity on that vesting date.

Issue details

Number of +securities 250,000

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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
NNL : ORDINARY FULLY PAID	58,406,670
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
NNLAC : ORDINARY FULLY PAID RESTRICTED	56,765,002
NNLAD : OPTION EXPIRING 01-JUN-2025 RESTRICTED	2,000,000
NNLAE : OPTION EXPIRING 01-JUN-2025 RESTRICTED	2,000,000
NNLAF : OPTION EXPIRING 31-MAY-2026 RESTRICTED	2,750,000
NNLAG : OPTION EXPIRING 23-MAY-2027 RESTRICTED	1,000,000
NNLAH : OPTION EXPIRING 23-MAY-2027 RESTRICTED	1,000,000
NNLAI : OPTION EXPIRING 23-MAY-2027 RESTRICTED	1,500,000
NNLAJ : OPTION EXPIRING 23-MAY-2027 RESTRICTED	1,750,000
NNLAK : OPTION EXPIRING 23-MAY-2027 RESTRICTED	1,750,000
NNLAB : ORDINARY FULLY PAID RESTRICTED	53,334
New class - code to be confirmed : Unlisted options	250,000
New class - code to be confirmed : Unlisted Option	250,000

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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