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STRIKE RESOURCES LIMITED Capital/Financing Update 2023
65855_rns_2023-12-03_df6eb95f-4b55-4710-b687-8acec5c53c71.pdf
Capital/Financing Update
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Monday, 4 December 2023 ASX Code : SRK
MARKET ANNOUNCEMENT
Lapse of Unlisted Options
Strike Resources Limited (ASX:SRK) (Strike) advises that the following unlisted options have lapsed upon expiry:
Lapsed Options
| № ofOptions | Date of Lapse | Description of Options | ExercisePrice | Date of Issue | Expiry Date |
|---|---|---|---|---|---|
| 1,000,000 | 30 November2023 | Broker's Options ($0.15, 30November 2023)1 | $0.15 | 1 December2020 | 30 November2023 |
| 12,000,000 | 3 December2023 | Directors' Options ($0.185,3 December 2023)2 | $0.185 | 4 Decembver2020 | 3 December2023 |
The Company's current issued share capital is as follows:
Issued Securities
| Class of Security | Quoted on ASX | Unlisted |
|---|---|---|
| Fully paid ordinary shares | 283,750,000 | - |
| Broker's Options ($0.33, 3 June 2024)3 | 1,000,000 | |
| 4 Options ($0.185, 14 February 2025)5Securities Incentive Plan (SIP) | 3,100,000 | |
| Total | 283,750,000 | 4,100,000 |
AUTHORISED FOR RELEASE - FOR FURTHER INFORMATION:
Victor Ho T | (08) 9214 9700 Executive Director and Company Secretary E | [email protected]
ABOUT STRIKE RESOURCES LIMITED (ASX:SRK)
Strike Resources Limited (ASX:SRK) is an ASX listed resource company which is developing the Paulsens East Iron Ore Mine in Western Australia – Strike has exported 66,618 tonnes of ~62% Fe Lump DSO (mined from surface detrital material) from Utah Point (Port Hedland) and is developing a ~1.8 – 2 Mtpa export solution out of the Port of Ashburton (Onslow). Strike also owns the high grade Apurimac Iron Ore Project in Peru where it has exported "Apurimac Premium Lump" DSO product of ~65% Fe. Strike has a 31.41M (30.49%) shareholding in Lithium Energy Limited (ASX:LEL), which was spun-out of Strike under a $9m IPO in May 2021. Lithium Energy is developing battery minerals related assets - the Solaroz Lithium Brine Project in Argentina and the Burke Graphite Project in Queensland.
5 Refer SRK ASX Announcement dated 18 February 2022: Notification regarding unquoted securities - SRK
STRIKE RESOURCES LIMITED A.B.N. 94 088 488 724
Level 1, Suite 1, 680 Murray Street, West Perth, Western Australia 6005
ASX : SRK
1 Refer SRK ASX Announcement dated 25 November 2020: Proposed Issue of Securities
2 Refer Strike's Notice of Annual General Meeting and Explanatory Statement (Resolutions 6 to 10) dated 20 October 2020 and released on ASX on 4 November 2020 and SRK ASX Announcements dated 4 December 2020: Results of 2020 Annual General Meeting and 4 December 2020: Proposed Issue of Securities
3 Refer SRK ASX Announcement dated 4 June 2021: Appendix 3G – Notification of Issue of 1M Broker Options
4 The SIP was approved by shareholders at the Company's AGM held on 4 December 2020; a summary of the SIP is in Annexure A to Strike's Notice of AGM and Explanatory Statement dated 20 October 2020 and released on ASX on 4 November 2020