GCX METALS LIMITED (GCX)

name changed to Terra Metals Limited

The suspension of trading in the securities of GCX Metals Limited is expected to be lifted from the commencement of trading on Monday, 27 June 2022 following the release by GCX of an announcement regarding the completion of a capital raising and confirmation of satisfaction of ASX's conditions for reinstatement.

The company releases the following: distribution schedule and top 20 shareholders.

The Company has received unconditional approval from the Australian Securities Exchange for reinstatement to Official Quotation after satisfying all ASX conditions for reinstatement. The Company expects to exit voluntary suspension and recommence trading on ASX on Monday, 27 June 2022.

The non-renounceable pro rata entitlement offer, ranche 2 Tribeca offer, vendor offer and consultant offer under the company's replacement prospectus have completed. The company has successfully completed the acquisition of the Onslow Copper Gold Project, and the deed of release with the Tribeca parties has become effective.

The company releases a notice of application for quotation of securities.

The company releases a notification regarding unquoted securities.

The company releases a supplementary prospectus intended to be read with the replacement prospectus dated 18 May 2022.

The company commences its maiden aircore drilling program at the Onslow Copper Gold Project with a drill rig booked to start in September 2022. The AC drilling program has been designed to test priority targets identified from a recent airborne electromagnetic and magnetic survey flown over the project.

The company today issued 16,500,000 ordinary shares and 20,000,000 unlisted options (10,000,000 exercisable at A$0.07 each and 10,000,000 exercisable at A$0.09 each, expiring on 27 May 2027) to the Tribeca Parties pursuant to the terms of the Deed of Release as described in the Company's replacement prospectus dated 18 May 2022.

The company releases a notice of application for quotation of securities.

The prospectus, together with personalised entitlement and acceptance forms, have been dispatched to shareholders eligible to participate in the company's pro-rata non-renounceable entitlement offer.

The company releases a notice of application for quotation of securities.

The company releases a replacement prospectus that replaces the prospectus dated 16 May 2022.

The company releases separate notices to its optionholders and ineligible shareholders in relation to the entitlement offer.

The company releases a prospectus for the offer of up to 40,000,000 Shares at an issue price of A$0.05 per Share, together with one (1) free attaching Listed Option for every three (3) Shares issued, to raise A$2 million (before costs); and a non-renounceable entitlement offer of up to 71,639,347 Shares on the basis of one new Share per every one Share held, at an issue price of A$0.05 per Share, together with one (1) free attaching Listed Option for every three (3) Shares issued, to raise A$3.58 million (before costs).

Participants in the entitlement offer will also receive one free attaching listed option for every 3 shares issued under the entitlement offer, with each listed option exercisable at A$0.07 and expiring 5 years from date of issue. The company is currently finalising its previously announced placement to raise $2.0 million to raise $2.0 million through the issue of 40,000,00 shares at $0.05 per share and as a result, the timetable in respect to the entitlement offer has been revised.

name changed from Paringa Resources Limited