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: 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	$0.45 Unlisted Incentive Options exercisable on or	2,000,000	06/12/2021
to be confirmed	before 30 November 2025
New class - code	$0.55 Unlisted Incentive Options exercisable on or	2,000,000	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

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Part 2 - Issue details

2.1 The +securities the subject of this notification are:

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Other

Please specify

Issue of unlisted incentive options to Directors of the Company

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 $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
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
Description
Fully paid ordinary shares
Any other information the entity wishes to provide about the +securities the subject of this notification
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

Issue of unlisted incentive options to Directors of the Company following shareholder approval. Refer to ASX announcement dated 6 October 2021 for further details.

Issue details

Number of +securities

2,000,000

Were the +securities issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

Issue of unlisted incentive options to Directors of the Company following shareholder approval.

Purpose of the issue

Other

Additional Details

Issue of unlisted incentive options to Directors of the Company following shareholder approval.

New +securities

ASX +security code

+Security description

New class - code to be confirmed $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

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

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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 AUD 0.55000000

Expiry date 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

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

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

Issue of unlisted incentive options to Directors of the Company following shareholder approval. Refer to ASX announcement dated 6 October 2021 for further details.

Issue details

Number of +securities

2,000,000

Were the +securities issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

Issue of unlisted incentive options to Directors of the Company following shareholder approval.

Purpose of the issue

Other

Additional Details

Issue of unlisted incentive options to Directors of the Company following shareholder approval.

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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	2,000,000
before 30 November 2025
New class - code to be confirmed : $0.55 Unlisted Incentive Options exercisable on or	2,000,000
before 30 November 2026

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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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