Ann: Proposed issue of Securities - SYR, page-2

AND HERE IT IS 90c
SYRAH ANNOUNCES EQUITY CAPITAL RAISING AND CONVERTIBLE NOTE DEED
NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES
 Fully underwritten Placement to institutional and sophisticated investors to raise A$56
million (US$42 million1 )
 Convertible Notes issuable to AustralianSuper, at Syrah’s option, in two tranches in 1H
2021, to raise an additional A$56 million (US$42 million1)
 SPP to eligible existing shareholders to raise up to an additional
A$12 million (US$9
million1)
 Proceeds will be used to: 1) progress the Vidalia Battery Anode Material Project towards
a final investment decision, and 2) provide additional liquidity to manage a Balama
restart decision in an orderly manner, subject to market demand conditions, as well as
providing funds for general corporate purposes
Syrah Resources Limited (ASX: SYR) (Syrah or the Company) today announced the execution of a
convertible note deed and a fully underwritten institutional placement to raise a total of A$112 million
(US$83 million1).
In addition, Syrah is offering a Share Purchase Plan to eligible shareholders to raise
up to an additional A$12 million (US$9 million1) (collectively, the “Capital Raising”).
The Capital Raising has the following components:
 An approximately A$56 million (US$42 million1 ) fully underwritten placement to professional and
sophisticated investors (“Placement”), at a fixed offer price of A$0.90 per share (“Offer Price”);
 a non-underwritten Share Purchase Plan (“SPP”) to raise up to A$12 million (US$9 million1), to be
offered to eligible shareholders in Australia and New Zealand following the completion of the
Placement;
 a proposed A$56 million (US$42 million1 ) in convertible notes issuable, at Syrah’s option, in two
equal tranches before 31 March 2021 and 30 June 2021 to AustralianSuper Pty Ltd as trustee for
AustralianSuper (AustralianSuper) (“Convertible Notes”). Issue of the Notes is subject to certain
conditions (such as completion of Placement and obtaining Syrah shareholder approval under ASX
Listing Rule 7.1).

GLAH Mal