BBX Minerals : Notification regarding unquoted securities - BBX

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Announcement Summary

For personal use only

Entity name

BBX MINERALS LIMITED

Date of this announcement

Monday December 06, 2021

The +securities the subject of this notification are:

+Securities issued under an +employee incentive scheme that are subject to a restriction on transfer and are not being quoted on ASX until the restriction ends

Total number of +securities to be issued/transferred

		Total number of
ASX +security		+securities to be
code	Security description	issued/transferred	Issue date
BBXAB	PERFORMANCE RIGHTS	2,000,000	06/12/2021

Refer to next page for full details of the announcement

Notification of Issue, Conversion or Payment up of Unquoted

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Part 1 - Entity and announcement details

For personal use only

1.1 Name of entity

BBX MINERALS 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
ABN	82089221634
1.3	ASX issuer code
BBX

1. The announcement is New announcement
2. Date of this announcement

6/12/2021

Notification of Issue, Conversion or Payment up of Unquoted

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Part 2 - Issue details

For personal use only

2.1 The +securities the subject of this notification are:

+Securities issued under an +employee incentive scheme that are subject to a restriction on transfer and are not being quoted on ASX until the restriction ends

2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which:

has an existing ASX security code ("existing class")

Notification of Issue, Conversion or Payment up of Unquoted

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Part 3B - number and type of +securities the subject of this notification (existing class) where issue has not previously been notified to ASX in an Appendix 3B

only	Additional +securities in an existing class issued under an +employee incentive scheme
	ASX +security code and description
	BBXAB : PERFORMANCE RIGHTS
	Date the +securities the subject of this notification were issued
	6/12/2021
use	Will these +securities rank equally in all respects from their issue date with the existing issued
+securities in that class
	Yes
	Were any of the +securities issued to +key management personnel (KMP) or an +associate?
personal	No
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://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02444561-6A1059757?access_token=8
	3ff96335c2d45a094df02a206a39ff4
	Any other information the entity wishes to provide about the +securities the subject of this notification
	Performance Rights issued to an employee of the company.
	Each Performance Right will be able to be converted into a Share by a Holder subject to the achievement of the following
	milestone:

1. the Company releasing on the ASX the results of a scoping study on a BBX asset showing the potential to generate an internal rate of return (IRR) of >20% using consensus prices and Board approved assumptions, prior to 31 December 2025.

Issue details

For	Number of +securities
	2,000,000

Notification of Issue, Conversion or Payment up of Unquoted

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Part 4 - +Securities on issue

For personal use only

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)
	Total number of
ASX +security code and description	+securities on issue
BBX : ORDINARY FULLY PAID	458,021,475

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

	Total number of
ASX +security code and description	+securities on issue
BBXAL : OPTION EXPIRING 17-JUN-2023 EX 15C	9,195,000
BBXAB : PERFORMANCE RIGHTS	14,650,000

Notification of Issue, Conversion or Payment up of Unquoted

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