Prairie Mining Ltd. — Share Issue/Capital Change 2020

Jul 21, 2020

National Storage Mechanism | Additional information

RNS Number : 5976T

Prairie Mining Limited

21 July 2020

PRAIRIE MINING LIMITED

NEWS RELEASE  |  21 JULY 2020  |  ASX/LSE/GPW: PDZ

The Company is pleased to offer Eligible Shareholders the opportunity to participate in the Company's share purchase plan (Offer). The Offer will give Eligible Shareholders the opportunity to apply for up to A$30,000 worth of New Shares at an issue price of A$0.25 (€0.153) for each New Share (Issue Price) without incurring brokerage or other transaction costs

The Company intends to raise A$4 million (approximately €2.5 million) from Eligible Shareholders and intends to use the proceeds of the Offer for working capital requirements and business development opportunities following the announcement on 1 July 2020 that the Company has secured funding for A$18 million (US$12.3 million) to pursue an arbitration claim against the Republic of Poland for breaches of the Australian - Poland Bilateral Investment Treaty (BIT) and the UK - Poland Energy Charter Treaty (ECT).

The SPP is offered exclusively to all Eligible Shareholders (including Custodians), being registered holders of Shares as at 5.00pm (Perth time) on 20 July 2020 (Record Date) with a registered address in Australia, New Zealand, the United Kingdom, Germany or Poland, and not resident or located in the United States or any other jurisdiction in or into which an offer of New Shares would be unlawful (Eligible Shareholders).

The SPP provides Eligible Shareholders with an opportunity to acquire a parcel of New Shares in the Company. Shareholders may apply for New Shares in the following amounts:

	Subscription Amount (A$)*	Number of Shares
Parcel A	30,000 (€18,298)	120,000
Parcel B	25,000 (€15,247)	100,000
Parcel C	20,000 (€12,198)	80,000
Parcel D	15,000 (€9,149)	60,000
Parcel E	10,000 (€6,099)	40,000
Parcel F	5,000 (€3,050)	20,000
Parcel G	2,000 (€1,220)	8,000

*Euros shown using an FX rate of A$1:€0.61 as at 20 July 2020.

Further details can be found in the Offer document published on the Company's website at http://www.pdz.com.au/company-reports.

The timetable of the Offer is:

Record Date                          5.00pm (Perth time) 20 July 2020

Offer Opens                          23 July 2020

Closing Date                     5.00pm (Western Australia time) / 10.00am (British Summer time) 14   August 2020

New Shares Issued             21 August 2020

The above dates are indicative only and, subject to compliance with applicable law, may be changed at the Company's discretion. Any changes will be advised to shareholders.

As a UK Depository Interest holder, if you wish to apply under the Offer, you will shortly receive an application form via mail which can be completed and returned a pre-paid envelope to Computershare Investor Services PLC (Computershare).

For further information, please contact the Company at +61 8 9322 6322 or [email protected] or Computershare at 0370 702 0000.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

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