Prairie Mining Ltd. — Share Issue/Capital Change 2021

Dec 5, 2021

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

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Announcement Summary

Entity name

PRAIRIE MINING LIMITED

Date of this announcement

Monday December 06, 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	$0.45 Unlisted Incentive Options exercisable on or	3,375,000	06/12/2021
to be confirmed	before 30 November 2025
New class - code	$0.55 Unlisted Incentive Options exercisable on or	3,375,000	06/12/2021
to be confirmed	before 30 November 2026

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

PRAIRIE MINING 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

23008677852

1.3 ASX issuer code

PDZ

1.4 The announcement is

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New announcement

1.5 Date of this announcement

6/12/2021

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 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

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ASX +security code +Security description
New class - code to be confirmed $0.45 Unlisted Incentive Options exercisable on or before
30 November 2025
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ASX +security code New class - code to be confirmed	+Security description $0.45 Unlisted Incentive Options exercisable on or before 30 November 2025
+Security type	ISIN code
Options
Date the +securities the subject of this	notification were issued
6/12/2021
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? Yes

Provide details of the KMP or +associates being issued +securities.

Name of KMP	Name of registered holder	Number of +securities
Simon Kersey	Cheyney Resources Ltd	375,000
Dylan Browne	Mr Dylan Paul Browne	625,000

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. https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02438318-6A1057002?access_token=8 3ff96335c2d45a094df02a206a39ff4

Options Details

+Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.45000000 30/11/2025

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

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Description

Fully paid ordinary shares

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/2924-02438318-6A1057002?access_token=8 3ff96335c2d45a094df02a206a39ff4

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

Issue details

Number of +securities

3,375,000

New +securities issued under an +employee incentive scheme

ASX +security code New class - code to be confirmed	+Security description $0.55 Unlisted Incentive Options exercisable on or before 30 November 2026
+Security type	ISIN code
Options

Date the +securities the subject of this notification were issued

6/12/2021

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? Yes

Provide details of the KMP or +associates being issued +securities.

Name of KMP	Name of registered holder	Number of +securities
Simon Kersey	Cheyney Resources Ltd	375,000
Dylan Browne	Mr Dylan Paul Browne	675,000

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

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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/2924-02438318-6A1057002?access_token=8 3ff96335c2d45a094df02a206a39ff4

Options Details

+Security currency

AUD - Australian Dollar

Exercise price Expiry date AUD 0.55000000 30/11/2026

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

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/2924-02438318-6A1057002?access_token=8 3ff96335c2d45a094df02a206a39ff4

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

Issue details

Number of +securities

3,375,000

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 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
PDZ : ORDINARY FULLY PAID	231,355,089
PDZN : ORDINARY FULLY PAID DEFERRED	23,135,508

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
PDZAQ : PERFORMANCE SHARE RIGHT	11,000,000
PDZAS : CONVERTIBLE NOTES	5,711,805
New class - code to be confirmed : $0.45 Unlisted Incentive Options exercisable on or	3,375,000
before 30 November 2025
New class - code to be confirmed : $0.55 Unlisted Incentive Options exercisable on or	3,375,000
before 30 November 2026

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

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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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