Red Metal Limited (ASX:RDM) has applied for quotation of 4,550,000 fully paid ordinary shares on the Australian Securities Exchange following the exercise of options on 12 November 2026, with shares issued at AUD $0.033 each, according to an Appendix 2A filing lodged on the same date.

Key Points

  • 4,550,000 ordinary fully paid shares to be quoted on ASX, issued on 12 November 2026 at AUD $0.033 per share
  • Shares were converted from RDMAAE options, which carry an expiry date of 18 November 2026 and an exercise price of $0.033
  • The new shares rank equally in all respects from their issue date with existing ordinary shares on issue
  • Following quotation, total quoted ordinary shares on issue will be 394,194,633

Option Conversion Details for RDMAAE Securities

The 4,550,000 new ordinary shares arise from the conversion of RDMAAE options, which carry an expiry date of 18 November 2026 and an exercise price of AUD $0.033 per option. The last date on which options were exercised or converted was 12 November 2026, which is also the stated issue date for the resulting ordinary shares. The cash consideration for the issue was paid in Australian dollars at the rate of AUD $0.033 per security. The filing confirms that the new securities will rank equally in all respects with the existing issued ordinary shares from their issue date.

Issued Capital Following Quotation of New Shares

Upon completion of the quotation of the 4,550,000 new ordinary shares, Red Metal Limited's total quoted ordinary fully paid securities on issue will stand at 394,194,633 shares. The filing notes that the figures disclosed may not reflect the company's current issued capital if other forms are concurrently being processed by ASX. The conversion relates specifically to securities in an existing quoted class, described in the filing as an addition to the existing ordinary fully paid share class rather than the creation of a new securities class.

Remaining Unquoted Securities on Issue

Following the quotation of the new shares, the company's unquoted securities will comprise four classes of options. RDMAAE options expiring 18 November 2026 at an exercise price of $0.033 total 3,000,000. RDMAAF options expiring 10 November 2027 at $0.073 total 13,200,000. RDMAJ options expiring 30 November 2028 at $0.093 total 5,200,000. RDMAI options expiring 16 November 2028 at $0.133 total 10,000,000. These figures are as disclosed in Part 4.2 of the company's Appendix 2A filing lodged on 12 November 2026.