Peppermint Innovation : Proposed issue of securities - PIL

Proposed issue of securities

Announcement Summary

For personal use only

Entity name

PEPPERMINT INNOVATION LIMITED

Announcement Type

New announcement

Date of this announcement

24/11/2021

The Proposed issue is:

A placement or other type of issue

Total number of +securities proposed to be issued for a placement or other type of issue

		Maximum Number of
ASX +security code	+Security description	+securities to be issued
New class-code to be	Options exercisable at 3 cps expiring on 30 June 2023	35,000,000
confirmed
PIL	ORDINARY FULLY PAID	50,000,000

Proposed +issue date

24/11/2021

Refer to next page for full details of the announcement

Proposed issue of securities

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Proposed issue of securities

Part 1 - Entity and announcement details

For personal use only

1.1 Name of +Entity

PEPPERMINT INNOVATION LIMITED

We (the entity named above) give ASX the following information about a proposed issue of +securities and, if ASX agrees to +quote any of the +securities (including any rights) on a +deferred settlement basis, we agree to the matters set out in Appendix 3B of the ASX Listing Rules.

If the +securities are being offered under a +disclosure document or +PDS and are intended to be quoted on ASX, we also apply for quotation of all of the +securities that may be issued under the +disclosure document or +PDS on the terms set out in Appendix 2A of the ASX Listing Rules (on the understanding that once the final number of +securities issued under the +disclosure document or +PDS is known, in accordance with Listing Rule 3.10.3C, we will complete and lodge with ASX an Appendix 2A online form notifying ASX of their issue and applying for their quotation).

1.2	Registered Number Type	Registration Number
ACN	125931964
1.3	ASX issuer code
PIL
1.4 The announcement is
New announcement
1.5	Date of this announcement
24/11/2021
1.6	The Proposed issue is:
A placement or other type of issue

Proposed issue of securities

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Proposed issue of securities

Part 7 - Details of proposed placement or other issue

only
	Part 7A - Conditions
		7A.1 Do any external approvals need to be obtained or other conditions satisfied before the placement or other
		type of issue can proceed on an unconditional basis?
		Yes
use	7A.1a Conditions
Approval/Condition	Date for determination	Is the date estimated or	** Approval
		+Security holder approval	23/12/2021	actual?	received/condition met?
		Estimated
		Comments
personal
	P rt 7B - Issue details
		Is the proposed security a 'New	Will the proposed issue of this
		class' (+securities in a class that is	+security include an offer of
		not yet quoted or recorded by ASX)	attaching +securities?
		or an 'Existing class' (additional	Yes
		securities in a class that is already
		quoted or recorded by ASX)?
		Existing class
	Details of +securities proposed to be issued
For	ASX +security code and description
PIL : ORDINARY FULLY PAID

Number of +securities proposed to be issued 50,000,000

Offer price details

Are the +securities proposed to be issued being issued for a cash consideration?

Yes

Proposed issue of securities

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Proposed issue of securities

In what currency is the cash consideration being paid?

AUD - Australian Dollar

What is the issue price per +security?

AUD 0.02000

only	Will these +securities rank equally in all respects from their issue date with
the existing issued +securities in that class?
		Yes
Attaching +Security
use	Is the proposed attaching security a 'New class' (+securities in a class that is not yet quoted or recorded by ASX)
	or an 'Existing class' (additional +securities in a class that is already quoted or recorded by ASX)?
		New class
Attaching +Security - New class (+securities in a class that is not yet quoted or recorded by ASX)
personal		Details of attaching +securities proposed to be issued
	ISIN Code (if Issuer is a foreign company and +securities are non CDIs)
		Have you received confirmation from ASX that the terms		Will the entity be seeking quotation of the 'new' class o
		of the proposed +securities are appropriate and		+securities on ASX?
		equitable under listing rule 6.1?		Yes
		No
		ASX +security code		+Security description
		New class-code to be confirmed		Options exercisable at 3 cps expiring on 30 June 2023
		+Security type
		Options
		Number of +securities proposed to be issued
For	35,000,000
	Offer price details

Are the +securities proposed to be issued being issued for a cash consideration?

No

Please describe the consideration being provided for the +securities

Options attaching on a 1 for 10 basis to extra 50,000,000 shares issued in increased capital raising and 30,000,000 options being issued as part of the fee to the lead manager.

Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities

1,000,000.000000

Proposed issue of securities

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Proposed issue of securities

Will all the +securities issued in this class rank equally in all respects from their issue date?

Yes

	Options details
only	+Security currency
AUD - Australian Dollar
Exercise price	Expiry date
AUD 0.0300	30/6/2023
use	Details of the type of +security that will be issued if the option is exercised
		PIL : ORDINARY FULLY PAID
		Number of securities that will be issued if the option is exercised
		35,000,000
personal	Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities
proposed to be issued or provide the information by separate announcement.
	Part 7C - Timetable

7C.1 Proposed +issue date 24/11/2021

Part 7D - Listing Rule requirements

For

7D.1 Has the entity obtained, or is it obtaining, +security holder approval for the entire issue under listing rule 7.1? No

7D.1b Are any of the +securities proposed to be issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1?

Yes

7D.1b ( i ) How many +securities are proposed to be issued without security holder approval using the entity's 15% placement capacity under listing rule 7.1?

12,155,206 Options

7D.1c Are any of the +securities proposed to be issued without +security holder approval using the entity's

Proposed issue of securities

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