TEMPEST MINERALS LIMITED — Capital/Financing Update 2021

Sep 21, 2021

ASX: TEM 2021-09-22 | Despatch of Prospectus

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Pro-Rata Non-Renounceable Rights Issue Prospectus Despatched

Tempest Minerals Limited (“ Tempest ” or “ the Company ”) refers to its non-underwritten pro-rata nonrenounceable rights issue ( Offer ) of up to approximately 73,697,827 fully paid ordinary shares ( New Shares ) on the basis of one New Share for every four shares held at an issue price of $0.017 per share (together with one free attaching option ( New Options ) for every three New Shares subscribed for and issued, with each option having an exercise price of $0.03 and expiry date of 31 March 2023) to raise up to approximately $1,252,863 made under a prospectus lodged with ASIC on 14 September 2021. .

The proposed use of the funds raised under the Offer is to be applied to exploration on the Company’s Western Australian projects, to meet the expenses of the Offer, and for general working capital.

The Offer is being made to all shareholders of the Company ( Eligible Shareholders ) named on its register of members at 5.00pm (WST) on 17 September 2021, whose registered address is in Australia or New Zealand.

The prospectus and personalised entitlement and acceptance forms for the Offer have been sent to Eligible Shareholders. Eligible Shareholders should consider the prospectus in deciding whether to acquire the securities. Anybody wanting to acquire securities will need to complete the application form that will be in or will accompany the prospectus.

The proposed timetable for the Offer is as follows:

Ex Date	16 September 2021
Record Date for the Offer	17 September 2021
Prospectus and Entitlement and Acceptance Form despatched to Shareholders	22 September 2021
Opening Date of Offer (9am Brisbane time)	22 September 2021
Last day to extend the Closing Date of the Offer	5 October 2021
Closing Date of Offer (5pm Brisbane time)	8 October 2021
New Securities quoted on a deferred settlement basis	11 October 2021
Announcement of results of the Offer	15 October 2021
Commencement of trading of New Securities on ASX	18 October 2021

*The above timetable is indicative and may change, subject to the Corporations Act and Listing Rules.

The Board of the Company has authorised the release of this announcement to the market. Contact

For more information, please contact:

Don Smith

Managing Director

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Level 2, Suite 9 389 Oxford Street			www.tempestminerals.com
Mt Hawthorn,			LinkedIn
Western Australia 6016			Instagram
			Twitter
+61 89200 0435			Facebook

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+61 89200 0435

Tempest Minerals Ltd │ ACN 612 008 358

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Phone: +61 8 9200 0435 Address: Level 2, Suite 9, 389 Oxford Street, Mt Hawthorn, WA 6016