RAGNAR METALS LIMITED — Share Issue/Capital Change 2021

Mar 7, 2021

Announcement Summary

Entity name

RAGNAR METALS LIMITED

Applicable security for the reorganisation

RAGAA	OPTION EXPIRING 05-MAY-2021 EX 3C
RAGAB	OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES
RAG	ORDINARY FULLY PAID

Announcement Type

New Announcement

Date of this announcement

Monday March 8, 2021

Reorganisation type

Security consolidation

Trading in the post consolidation or split +securities commences on a deferred settlement basis

Friday April 9, 2021

Record Date Monday April 12, 2021

Issue Date Monday April 19, 2021

Additional Information

N/A

Refer to below for full details of the announcement

Announcement Details

Part 1 - Entity and announcement details

1.1 Name of +Entity

RAGNAR METALS LIMITED

1.2 Registered Number Type ACN

Registration Number

108560069

1.3 ASX issuer code RAG

1.4 The announcement is New announcement

1.5 Date of this announcement

Monday March 8, 2021

1.6 Securities affected by the consolidation or split

ASX +Security Code	ASX +Security Description
RAGAA	OPTION EXPIRING 05-MAY-2021 EX 3C
RAGAB	OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES
RAG	ORDINARY FULLY PAID

Part 2 - Approvals

Notification of Consolidation/Split

2.1 Are any of the below approvals required for the consolidation or split before business day 0 of the timetable?

• Security holder approval
• Court approval
• Lodgement of court order with +ASIC
• ACCC approval
• FIRB approval
• Another approval/condition external to the entity required to be given/met before business day 0 of the timetable for the consolidation or split.

Yes

2.2 Approvals

Approval/Condition	Date for determination	Is the date estimated oractual?	Approvalreceived/condition met?
+Security holder approval	Wednesday April 7, 2021
		Actual

Comments

Part 3 - Consolidation or split timetable and details

3.1 +Record date

Monday April 12, 2021

3.2 Date of +security holder meeting

Wednesday April 7, 2021

3.2a Effective date of consolidation or split

Wednesday April 7, 2021

3.3 Last day for trading in the pre consolidation or split +securities

Thursday April 8, 2021

3.4 Trading in the post consolidation or split +securities commences on a deferred settlement basis.

Friday April 9, 2021

3.5 Record date

Monday April 12, 2021

3.6 First day for entity to update its register and to send holding statements to +security holders reflecting the change in the number of +securities they hold.

Tuesday April 13, 2021

3.7 Last day for entity to update its register and send holding statements to +security holders reflecting the change in the number of +securities they hold and to notify ASX that this has occurred. (+Issue Date)

Monday April 19, 2021

3.8 Trading starts on a normal T+2 basis

Tuesday April 20, 2021

Notification of Consolidation/Split

3.9 First settlement of trades conducted on a +deferred settlement basis and on a normal T+2 basis

Thursday April 22, 2021

Part 4 - Event type and details

4.1 The event is

+Security consolidation

4.1a Consolidation ratio: the +securities will be consolidated on the basis that every

5

(pre-consolidation) +securities will be consolidated into

1

(post-consolidation) +security (/ies).

4.2 Scrip fraction rounding

Fractions rounded up to the next whole number

Part 5 - +Securities on issue before and after consolidation or split

5.1 +Securities on issue before and after the consolidation or split

ASX +Security Code	ASX +Security Description
RAGAA	OPTION EXPIRING 05-MAY-2021 EX 3C
Quoted/unquotedUnquoted	Number on issue preconsolidation or split	Number on issue postconsolidation or split	Estimate/ActualEstimated
	14,000,000	2,800,000
ASX +Security Code	ASX +Security Description
RAGAB	OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES
Quoted/unquoted			Estimate/Actual
	Number on issue preconsolidation or split	Number on issue postconsolidation or split
Unquoted	82,500,001	16,500,000	Estimated
ASX +Security Code	ASX +Security Description
RAG	ORDINARY FULLY PAID
Quoted/unquotedQuoted	Number on issue preconsolidation or split	Number on issue postconsolidation or split	Estimate/ActualEstimated

5.2 Exercise price of options

ASX +Security Code	ASX +Security Description
RAGAA	OPTION EXPIRING 05-MAY-2021 EX 3C
Quoted/unquotedUnquoted	Exercise price pre consolidation orsplit	Exercise price post consolidation orsplit
	0.03000000	0.15000000
ASX +Security Code	ASX +Security Description
RAGAB	OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES
Quoted/unquotedUnquoted	Exercise price pre consolidation orsplit	Exercise price post consolidation orsplit
	0.00000000	0.00000000

Part 6 - Further information

6.1 Further information relating to the consolidation or split

N/A

6.2 Additional information for inclusion in the Announcement Summary

N/A