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ADX ENERGY LTD Capital/Financing Update 2021

Feb 18, 2021

64308_rns_2021-02-18_545077f4-556d-4f4a-b748-db8258b30f03.pdf

Capital/Financing Update

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ADX Energy Ltd (ASX:ADX) ASX RELEASE

19 February 2021

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Cancellation of Unlisted Options

ADX Energy Ltd (ASX: ADX) (Company) advises that 135,000,005 unlisted options with an exercise price of $0.018, expiring 26/11/2021 have been cancelled. The Company was granted a waiver of ASX Listing Rule 6.23.3 to permit the Company to cancel the existing 135,000,005 options issued to Loan Note Holders (as approved by Shareholders on 6 December 2019) and issue 135,000,040 new, replacement options (as approved by Shareholders on 19 February 2021).

END OF THIS RELEASE - Authorised for lodgement by Ian Tchacos, Executive Chairman

ADX Energy Limited | ABN 50 009 058 646 -Registered and Principal Office Australia Suite 214, 210 Bagot Road, Subiaco WA 6008

Telephone: 08 9381 4266 | Facsimile: 08 9381 4766 | [email protected] | adxenergy.com.au