Beacon Minerals proposes new options for senior employees

Beacon Minerals Limited has disclosed plans for a new issue of 3,000,000 unlisted options as part of its remuneration strategy for senior employees. The proposed options, with an exercise price of A$3.51, will be exercisable on or before November 30, 2029. This issue is categorized as a placement or other type of issue, with the proposed issue date set for December 1, 2025.

The company estimates the consideration for these securities to be 0.0000001. No external approvals or security holder approval are required for this issue, as it falls under the entity's 15% placement capacity according to Listing Rule 7.1. There will be no lead manager or underwriter involved, and no material fees or costs are expected in connection with the proposed issue.

The new class of securities will not be quoted on ASX, and there will be no change to the entity's dividend/distribution policy as a result of this proposal. If exercised, these options will convert into ordinary fully paid shares, ranking equally in all respects from their issue date.