RAGNAR METALS LIMITED — Share Issue/Capital Change 2021

Jun 16, 2021

Announcement Summary

Entity name

RAGNAR METALS LIMITED

Date of this announcement

Thursday June 17, 2021

The +securities the subject of this notification are:

+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

ASX +securitycode	Security description	Total number of+securities to beissued/transferred	Issue date
New class - codeto be confirmed	Unlisted Options expiring 17 June 2023 ex price$0.06 per option	2,000,000	17/06/2021
New class - codeto be confirmed	Unlisted Options expiring 17 June 2023 ex price$0.08 per option	2,000,000	17/06/2021

Refer to next page for full details of the announcement

Part 1 - Entity and announcement details

1.1 Name of entity

RAGNAR METALS 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

Registration number 12108560069

1.3 ASX issuer code RAG

1.4 The announcement is New announcement

1.5 Date of this announcement

17/6/2021

ABN

Part 2 - Issue details

2.1 The +securities the subject of this notification are:

+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:

does not have an existing ASX security code ("new class")

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

		+Security description
New class - code to be confirmed	option	Unlisted Options expiring 17 June 2023 ex price $0.06 per
+Security type	ISIN code
Options
	Date the +securities the subject of this notification were issued
17/6/2021
Yes	Will all the +securities issued in this class rank equally in all respects from their issue date?
No	Were any of the +securities issued to +key management personnel (KMP) or an +associate?
listing rule 6.1?		Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under
Noissued.
	https://www.asx.com.au/asxpdf/20210525/pdf/44wst2y6h4v7xn.pdf	Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being
Options Details
+Security currency	Exercise price	Expiry date

Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option

Other

Equity Securities

Description

2,000,000 Unlisted Employee Options with an exercise price of $0.06 expiring 17 June 2023

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/20210525/pdf/44wst2y6h4v7xn.pdf

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

Issue details

Number of +securities 2,000,000

ASX +security code	+Security description
New class - code to be confirmed	Unlisted Options expiring 17 June 2023 ex price $0.08 peroption
+Security type	ISIN code
Options
Date the +securities the subject of this notification were issued
17/6/2021
Yes
No	Were any of the +securities issued to +key management personnel (KMP) or an +associate?
listing rule 6.1?No	Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under
issued.	Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being
https://www.asx.com.au/asxpdf/20210525/pdf/44wst2y6h4v7xn.pdf

Options Details

+Security currency AUD - Australian Dollar Exercise price AUD 0.08000000 Expiry date 17/6/2023

Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option

Other

Description

2,000,000 Unlisted Employee Options with an exercise price of $0.08 expiring 17 June 2023

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/20210525/pdf/44wst2y6h4v7xn.pdf

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

Issue details

Number of +securities

2,000,000

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)

ASX +security code and description	Total number of+securities on issue
RAG : ORDINARY FULLY PAID	337,684,889
RAGOC : OPTION EXPIRING 19-MAY-2023	91,666,497

4.2 Unquoted +Securities (Total number of each +class of +securities issued but not quoted on ASX)

ASX +security code and description	Total number of+securities on issue
RAGAC : ORDINARY FULLY PAID RESTRICTED	6,500,000
RAGAD : OPTION EXPIRING 19-MAY-2023 RESTRICTED	4,000,000
RAGAE : OPTION EXPIRING 19-MAY-2023 RESTRICTED	60,000,000
RAGAF : OPTION EXPIRING 08-JUN-2021 EX $0.10	7,000,002
RAGAG : OPTION EXPIRING 08-JUN-2021 EX $0.125	5,000,000
RAGAH : OPTION EXPIRING 08-JUN-2021 EX $0.15	400,000
RAGAI : OPTION EXPIRING 13-JUN-2021 EX $0.105	3,500,000
RAGAJ : OPTION EXPIRING 02-SEP-2022 EX $0.075	600,000
RAGAK : OPTION EXPIRING 19-MAY-2023 EX $0.04	4,000,000
New class - code to be confirmed : Unlisted Options expiring 17 June 2023 ex price $0.06per option	2,000,000
New class - code to be confirmed : Unlisted Options expiring 17 June 2023 ex price $0.08per option	2,000,000

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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