Impact Minerals Ltd Annual Report 2023 55 Notes to the Consolidated Financial Statements continued NOTE 17: CONTRIBUTED EQUITY a) Share capital Consolidated 2023 $ 2022 $ Ordinary shares fully paid 62,742,520 58,426,867 b) Movements in ordinary shares on issue Consolidated Number $ Balance at 30 June 2021 2,023,794,919 53,787,639 Share issued during the year: – Placement(a) 166,666,667 2,000,000 – Rights issue(b) 290,908,970 3,199,999 – Transaction costs – (560,771) Balance at 30 June 2022 2,481,370,556 58,426,867 Share issued during the year: – Placement(c) 333,333,333 4,000,000 – Playa One Tranche 1 share issue(d) 30,000,000 360,000 – Transaction costs – (44,347) Balance at 30 June 2023 2,844,703,889 62,742,520 (a) In March 2022, the Company raised $2,000,000 (before costs) via a placement of 166,666,667 new shares at an issue price of 1.2 cents each. (b) In June 2022 the Company completed a Renounceable Rights Issue raising $3,199,999 (before costs) via the issue of 290,908,970 new shares at an issue price of 1.1 cents each together with one free attaching listed option exercisable at $0.02 on or before 2 June 2024 for every two new shares subscribed for (145,454,389 listed options). A further 12,800,000 listed options were issued to the underwriter as part consideration for their services. (c) In May 2023, the Company raised $4,000,000 (before costs) via a placement of 333,333,333 new shares at an issue price of 1.2 cents each. (d) In May 2023 the Company issued 30,000,000 new shares as part consideration for the exercise of the option for the Lake Hope Project. Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new shares or options are shown in equity as a deduction, net of tax, from the proceeds. Ordinary shares have the right to receive dividends as declared, and in the event of winding up the Company, to participate in the proceeds from the sale of all surplus assets in proportion to the number of and amounts paid up on shares held. Ordinary shares entitle their holder to one vote, either in person or by proxy, at a meeting of the Company. c) Movements in options on issue Consolidated 2023 Number 2022 Number Balance at beginning of the financial year 365,754,389 157,000,000 Options granted - unlisted 85,000,000 90,500,000 Options granted - listed – 158,254,389 Options expired (24,500,000) (40,000,000) Balance at the end of the financial year 426,254,389 365,754,389 Refer to Note 26 for details of share-based payments.
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