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QMINES LIMITED Capital/Financing Update 2021

May 3, 2021

65647_rns_2021-05-03_0e524e1e-49d9-45c9-ab60-74d7cb857578.pdf

Capital/Financing Update

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Market Announcement

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4 May 2021

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QMines Limited (ASX: QML) – Admission and Commencement of Official Quotation

Description

QMines Limited (‘QML’) was admitted to the Official List of ASX Limited (‘ASX’) today, Tuesday, 4 May 2021. Official quotation of QML’s ordinary fully paid shares will commence at 11:00 AM AEST on Thursday, 6 May 2021.

QML raised $11,548,109 pursuant to the offer under its prospectus dated 16 April 2021 (‘Prospectus’) by the issue of 38,493,696 shares at an issue price of $0.30 per share.

Quotation information

Quotation information
Quoted Securities: 46,083,766 fully paid ordinary shares
ASX Code: QML
Time: 11:00 AM AEST
Date: Thursday, 6 May 2021
ASX Trade Abbreviation: QMINES
ISIN: AU0000141533
Home Branch: Perth
Registered Office: Address: Suite J, 34 Suakin Drive, Mosman NSW 2088
Phone: +61 (02) 8915 6241
Email: [email protected]
Company Secretary: Elissa Hansen
Share Registry: Boardroom Pty Limited
Address: Grosvenor Place, Level 12, 225 George Street, Sydney NSW 2000
Phone: +61 (02) 9290 9600
Email: [email protected]
Balance Date: 30 June
CHESS: Participating. CHESS and Issuer Sponsored.
Place of Incorporation: Victoria, Australia
Dividend Policy: See section 5.11 of the Prospectus
Activities: Minerals exploration
Lead Manager: Shaw and Partners Limited
Underwriter: N/A

Market Announcement 1/2

4 May 2021 ASX Limited

ASX Customer Service Centre 131 279 | asx.com.au

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ASX Restricted Securities: 47,151,069 fully paid ordinary shares classified by ASX as restricted securities and to be held in escrow until 6 May 2023, being 24 months from the date of commencement of Official Quotation. 5,768,339 fully paid ordinary shares classified by ASX as restricted securities and to be held in escrow until 1 October 2021, being 12 months from the date of issue. 9,860,042 fully paid ordinary shares classified by ASX as restricted securities and to be held in escrow until 18 January 2022, being 12 months from the date of issue. 1,632,866 fully paid ordinary shares classified by ASX as restricted securities and to be held in escrow until 30 October 2021, being 12 months from the date of issue. 33,333 fully paid ordinary shares classified by ASX as restricted securities and to be held in escrow until 31 December 2021, being 12 months from the date of issue. 4,200,000 options exercisable at $0.375 on or before 6 May 2024, classified by ASX as restricted securities and to be held in escrow until 6 May 2023, being 24 months from the date of commencement of Official Quotation. Other Securities Not Quoted: Nil

What do I need to do and by when?

Please refer to QML’s Prospectus.

Need more information?

For further information, please contact the Company on 02 8915 6241.

Disclaimer

Please refer to the following disclaimer.

Issued by

Oma Murad

Listings Compliance (Perth)

Market Announcement 2/2

4 May 2021