GENMIN LIMITED (GEN)

The suspension of trading in the securities of Genmin Limited will be lifted immediately following the release by GEN of an announcement regarding a capital raising.

The Company has received firm commitments from institutional, sophisticated, and professional investors for a two tranche Placement for the issue of approximately 200 million new shares at an issue price of A$0.05 per New Share and approximately 210 million unlisted options with an exercise price of A$0.075 and expiry date of 30 April 2025 to raise approximately A$10 million (before costs).

The company releases a notice of proposed issue of securities.

Genmin has received firm commitments to raise approximately A$10 million through a two-tranche placement, with strong support received from both existing shareholders and new investors. Leadership of A$1.45 million for the placement has been provided by Genmin's largest shareholder, Tembo Capital, who has also provided a US$1 million loan facility, which will convert to equity on the same terms in tranche 2 of the placement, subject to receipt of regulatory approvals. The placement is priced at A$0.05 per new share (a 23.4% discount to the 10-day VWAP), with 1 free attaching, unlisted option (expiring 30 April 2025, strike price of A$0.075) to be issued for every 1 new share subscribed for in the placement, subject to shareholder approval. Funds from the placement are to be used for Baniaka, corporate costs, general working capital, and to meet the costs of the placement. Foster Stockbroking acted as lead manager and bookrunner, with Reach Markets co-manager to the placement.

The company releases a Corporate Presentation.

The securities of Genmin Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of GEN, pending the release of an announcement in relation to a capital raising.

The suspension of trading in the securities of Genmin Limited will be lifted immediately following the release by GEN of an announcement regarding GEN's satisfaction of reinstatement conditions.

The company releases its responses to reinstatement conditions.

The company releases its Top 20 Holders and Distribution Schedule.

The company lodges its Annual Report to shareholders.

The company releases its Appendix 4G and Corporate Governance Statement.

The Company requests that the voluntary suspension of its securities granted pursuant to ASX Listing Rule 17.2 continue to 3 April 2024. The voluntary suspension is requested to enable the Company to complete satisfaction of the ASX's conditions precedent for reinstatement. The Company requests that the voluntary suspension remain in place until either 3 April 2024 or an earlier announcement of the reinstatement of its shares to trading on the ASX.

The company releases a notification regarding unquoted securities.

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

Genmin's Entitlement Offer closed on 19 March 2024 and raised approximately $10.2 million. Strong support from Genmin's largest shareholder, Tembo Capital, which subscribed for 100% of its Entitlement. Approximately 68% of eligible Entitlements were taken up by Eligible Shareholders. Shortfall Securities under the Entitlement Offer to be made available for placement until 19 April 2024. Proceeds from the Tranche 1 Placement and Entitlement Offer total approximately $14.6 million, with the Tranche 2 Placement expected to settle on Monday, 25 March 2024.

The Company's AGM will be held on 30 May 2024. The closing date for the receipt of nominations from persons wishing to be considered for election as a director is Monday, 25 March 2024. Any nominations must be received at the Company's registered office not later than 5:00pm (AWST) on Monday, 25 March 2024.

The Company requests that the voluntary suspension remain in place until either 28 March 2024 or an earlier announcement of the reinstatement of its shares to trading on the ASX.

The company releases the results of its EGM. Genmin advises that all resolutions proposed were passed on a poll and without amendment.

The pro rata non-renounceable entitlement offer announced to the ASX on 7 February 2024 closes at 5.00pm (AWST) on Tuesday, 19 March 2024 (unless extended).

The company releases a notice of proposed issue of securities.

The company releases a supplementary prospectus.

The company releases a notification of cessation of securities.

The ASX has provided approval for reinstatement of the Company's shares to trading on the official list of ASX, subject to satisfaction of certain conditions precedent. The Company expects its shares will recommence trading on the ASX on 19 March 2024, subject to satisfaction of the conditions to reinstatement and shareholder approval.

The prospectus dated 7 February 2024 and accompanying entitlement and acceptance form in respect of the pro rata non-renounceable entitlement offer have been despatched to eligible Genmin shareholders today. The Company has also sent notices to ineligible Genmin shareholders providing details of the Entitlement Offer and advising them that they will not be able to participate in the Entitlement Offer. The Entitlement Offer opened today and will remain open until 5:00pm (AWST) on Tuesday, 12 March 2024.

An extraordinary general meeting will be held at 8.00am (AWST) on Thursday, 14 March 2024 via Zoom Teleconference. To join: https://us06web.zoom.us/meeting/register/tZ0qceCuqj0iEtPKwFI6tRxVigSF2hqZSNJa#/.

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

Funding piece to raise up to A$28.3 million comprising: a well-supported, two-tranche placement with firm commitments received for approximately A$13.2 million; and a one for three, non-renounceable entitlement offer to eligible shareholders to raise up to A$15.1 million. Placement and entitlement offer are both priced at A$0.10 per new share with a free attaching, unlisted option (expiring 31 March 2026, strike price A$0.20) for every three new shares subscribed for, other than tranche 1 of the placement where participants will receive one free attaching, unlisted option for every new share subscribed for. Strong board and major shareholder leadership with Genmin directors committing approximately A$1.94 million in the placement and entitlement offer, and Tembo Capital to convert its full loan balances (US$5.44 million forecast as at 14 March 2024) to equity in the entitlement offer. At completion of the fundraising, Genmin will be debt free and have cash of approximately A$12.6 million after creditor payments and costs of the offer. Re-commencement of ASX trading requested for on or around 19 March 2024. The recently awarded large-scale, 20-year mining permit in conjunction with the Certificate of Environmental Conformance received in August 2023 provides regulatory approval for Genmin to build and operate Baniaka. This funding piece allows momentum to continue at Baniaka where commencement of commercial production is targeted for mid-2025. Foster Stockbroking and MST Financial are the joint lead managers, with the Perth office of Herbert Smith Freehills the Australian legal adviser.

The company releases an Equity Raising Presentation.

The company releases an updated prospectus timetable.

The company issues a prospectus for a pro rata non-renounceable entitlement offer of 1 New Share for every 3 Shares held by Eligible Shareholders at an issue price of $0.10 per New Share to raise up to approximately $15.1 million before costs, with 1 free attaching New Option for every 3 New Shares subscribed for under the Entitlement Offer. The Company is also conducting a two-tranche placement to seek to raise up to approximately $13.2 million. MST Financial Services Pty Ltd and Foster Stockbroking Pty Limited are the joint lead managers to the Entitlement Offer and the Placement.

The company releases a notice of proposed issue of securities.

The company lodges its Quarterly Activities Report.

The company lodges its Quarterly Cashflow Report.

The Company requests the voluntary suspension of its securities granted pursuant to ASX Listing Rule 17.2 continue to 15 March 2024. The voluntary suspension is requested to enable the Company to finalise the details of a proposed capital raising. The Company requests the voluntary suspension remain in place until 15 March 2024 or until an announcement of completion of the proposed capital raising.

The Company requests the voluntary suspension of its securities granted pursuant to ASX Listing Rule 17.2 continue to 25 January 2024. The voluntary suspension is requested to enable the Company to finalise the details of a proposed capital raising. The Company requests the voluntary suspension remain in place until 25 January 2024 or until an announcement on the matter referred to above is released.

The company releases a notification of cessation of securities.

A large-scale, twenty-year Mining Permit has been received for Baniaka. The Mining Permit was issued through a Presidential Decree signed by His Excellence Général Brice Clotaire OLIGUI NGUEMA, the President and Head of State of the Republic of Gabon. The Mining Permit was presented to Genmin by the Minister of Mines at a ceremony in Libreville on 8 January 2024 attended by the Company's CEO, Mr Joe ARITI, and France based non-executive director, Mr Pietro AMICO. The Mining Permit in conjunction with the Certificate of Environmental Conformance received in August 2023 provides regulatory approval for the Company to build and operate Baniaka. Next steps include completing a proposed capital raising to provide general working capital and returning the Company's shares to trading on the ASX (subject to satisfying any conditions imposed by ASX) as soon as possible, and progressing and finalising discussions with potential project build financiers over the next two quarters.

Board delegation visits Gabon and meets with the new Minister of Mines. Minister confirms and subsequently issues a letter advising the large-scale mining permit application for Baniaka has been recommend for issue and the draft mining permit decree has been submitted for signing by the President. Gabon remains peaceful and is operating normally across all industry sectors more than three months after the regime change. Environmental compliance certificate received in early August 2023, and with the mining permit (once issued), enables Genmin to develop and operate the Baniaka project.

The Company requests the voluntary suspension of its securities granted pursuant to ASX Listing Rule 17.2 continue to 12 January 2024. The voluntary suspension is requested to enable the Company to finalise the details of a proposed capital raising. The Company requests the voluntary suspension remain in place until 12 January 2024 or until an announcement is released.

The Company requests the voluntary suspension of its securities granted pursuant to ASX Listing Rule 17.2 continue to 22 December 2023. The voluntary suspension is requested to enable the Company to finalise the details of a proposed capital raising. The Company requests the voluntary suspension remain in place until 22 December 2023 or until an announcement on the matter referred to above is released.

The Company requests the voluntary suspension of its securities granted pursuant to ASX Listing Rule 17.2 continue to 13 December 2023. The voluntary suspension is requested to enable the Company to finalise the details of a proposed capital raising. The Company requests the voluntary suspension remain in place until 13 December 2023 or until an announcement is released.

The company lodges its Quarterly Activities Report.

The company lodges its Quarterly Cashflow Report.

Genmin has signed a non-binding Memorandum of Understanding with a subsidiary company of Baowu Resources Co. Ltd to sell and deliver 2.1 million tonnes per annum of Baniaka Green iron ore products for a term of two years. Baowu is the world's largest steelmaker, which has made strategic partnerships with global mining houses such as BHP and Rio Tinto in its push towards green, premium, and intelligent manufacturing. Four Memoranda of Understanding have now been signed by Genmin for potential total offtake of 16.9 million tonnes of Baniaka Green iron ore products.

The Company requests the voluntary suspension of its securities granted continue to 30 November 2023. The voluntary suspension is requested to enable an assessment of equity working capital alternatives in light of the change of government in Gabon. The Company requests the voluntary suspension remain in place until 30 November 2023 or until an announcement is released.

The Company requests the voluntary suspension of its securities to continue to 6 October 2023. The voluntary suspension is requested pending further clarification in respect of the change of government in Gabon. The Company requests the voluntary suspension remain in place until 6 October 2023 or until an announcement on the matter referred to above is released.

Up to US$3 million working capital loan financing completed with major shareholder Tembo Capital. Funds to be applied to securing the large-scale mining permit for Baniaka and general working capital. Environmental approval for Baniaka received in early August 2023; a pivotal milestone in enabling the development and operation of the project. Genmin has applied for a large-scale mining permit for an initial term of 20 years at Baniaka.

The company lodges its Half Yearly Report and Accounts.

The Company requests the voluntary suspension of its securities granted pursuant to ASX Listing Rule 17.2 continue to 22 September 2023. The voluntary suspension is requested pending further clarification in respect of the change of government in Gabon. The Company requests the voluntary suspension remain in place until 22 September 2023 or until an announcement is released.

The securities of Genmin Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of GEN, pending the release of an announcement in relation to clarification of the current political circumstances in Gabon.

listed entity carried for record purposes only