Iron Bear Resources Ltd (ASX:IBR) has applied to ASX for quotation of 1,500,000 ordinary fully paid shares following the conversion of performance rights upon satisfaction of a performance milestone, with the securities issued on 12 November 2026.

Key Points

  • 1,500,000 ordinary fully paid shares to be quoted on ASX, issued 12 November 2026
  • Securities converted from performance rights (IBRAU) upon satisfaction of a performance milestone, with no cash consideration paid
  • The new shares rank equally in all respects from their issue date with existing ordinary shares
  • Following quotation, total quoted ordinary fully paid shares on issue will be 1,107,753,248

Performance Rights Conversion Details

According to the filing lodged on 12 November 2026, Iron Bear Resources applied for quotation of 1,500,000 ordinary fully paid securities (ASX code: IBR) resulting from the conversion of performance rights classified under ASX security code IBRAU. The filing states the consideration provided for the securities was the conversion of performance rights upon satisfaction of the performance milestone, with an estimated value per security of $0.000000. The last date the convertible securities were converted was recorded as 12 November 2026. The filing confirms the securities were issued under an employee incentive scheme and are held by key management personnel or an associate.

Issued Capital Following Quotation

Upon quotation of the 1,500,000 new shares, Iron Bear Resources' total quoted ordinary fully paid securities on issue will be 1,107,753,248. Additionally, quoted options expiring 30 November 2028 (IBRO) will total 370,347,888. Among unquoted securities, the company will hold 28,000,000 performance rights (IBRAU), 10,500,000 options expiring 5 December 2026 at an exercise price of $0.20 (IBRAO), 4,500,000 options expiring 19 January 2027 at an exercise price of $0.04 (IBRAR), and 2,000,000 options expiring 30 January 2028 at an exercise price of $0.072 (IBRAB).

Securities Classification and Ranking

The filing confirms the new shares constitute additional securities in a class already quoted on ASX. The 1,500,000 ordinary fully paid shares are described as intended to be, but not yet, quoted by ASX at the time of the application. Iron Bear Resources confirmed the new securities will rank equally in all respects from their issue date with the existing issued ordinary shares. The filing did not disclose whether the 1,500,000 performance rights converted represent all performance rights of that type currently on issue.