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WESTERN MINES GROUP LTD Capital/Financing Update 2021

Jul 15, 2021

66068_rns_2021-07-15_2d3b884f-cec6-43ff-b6dd-ea7cafae1aeb.pdf

Capital/Financing Update

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Market Announcement

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16 July 2021

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Western Mines Group Ltd (ASX: WMG) – Admission and Commencement of Official Quotation

Description

Western Mines Group Ltd (‘WMG’) was admitted to the Official List of ASX Limited (‘ASX’) today, Friday, 16 July 2021.

Official quotation of WMG’s ordinary fully paid shares will commence at 1:30PM AEST on Tuesday, 20 July 2021.

WMG raised $5,500,000 pursuant to the offer under its prospectus dated 7 May 2021 (‘Prospectus’) by the issue of 27,500,000 shares at an issue price of $0.20 per share.

Quotation information

Quotation information
Quoted Securities: 31,657,500 fully paid ordinary shares/units
ASX Code: WMG
Time: 1:30PM AEST
Date: Tuesday, 20 July 2021
ASX Trade Abbreviation: Westernltd
ISIN: AU0000152969
Home Branch: Perth
Registered Office: Western Mines Group Ltd
Address: Level 3, 33 Ord Street, West Perth WA 6005
Phone: + 61 475 116 798
Email: [email protected]
Company Secretary: Lee Tamplin & Elizabeth Spooner
Share Registry: Automic Group
Address: Level 5, 126 Phillip Street, Sydney NSW 2000
Phone: +61 2 8072 1400
Email: [email protected]
Balance Date: 30 June
CHESS: Participating. CHESS and Issuer Sponsored.
Place of Incorporation: Victoria
Dividend Policy: See section 2.14 of the Prospectus
Activities: Minerals exploration and development
Lead Manager: Harbury Advisors Pty Ltd
Underwriter: N/A

Market Announcement 1/2

16 July 2021 ASX Limited

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

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ASX Restricted Securities:

8,017,501 fully paid ordinary shares classified by ASX as restricted securities and to be held in escrow until 20 July 2023, being 24 months from the date of commencement of Official Quotation.

4,125,000 fully paid ordinary shares classified by ASX as restricted securities and to be held in escrow until 6 November 2021, being 12 months from the date of issue.

17,000,000 options exercisable at $0.30 on or before 15 July 2025, classified by ASX as restricted securities and to be held in escrow until 20 July 2023, being 24 months from the date of commencement of Official Quotation.

1,400,000 options exercisable at $0.30 on or before 17 November 2023, classified by ASX as restricted securities and to be held in escrow until 20 July 2023, being 24 months from the date of commencement of Official Quotation.

2,000,000 options exercisable at $0.30 on or before 15 July 2024, classified by ASX as restricted securities and to be held in escrow until 20 July 2023, being 24 months from the date of commencement of Official Quotation.

Other Securities Not Quoted:

N/A

What do I need to do and by when?

Please refer to WMG’s Prospectus.

Need more information?

For further information, please call +61 2 8072 1400.

Disclaimer

Please refer to the following disclaimer.

Issued by

Belinda Giles

Adviser, Listings Compliance (Perth)

Market Announcement 2/2

16 July 2021