AKORA RESOURCES LIMITED — Share Issue/Capital Change 2022

Feb 3, 2022

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

==> picture [21 x 22] intentionally omitted <==

Announcement Summary

Entity name

AKORA RESOURCES LIMITED

Date of this announcement

Friday February 04, 2022

The +securities the subject of this notification are:

==> picture [8 x 9] intentionally omitted <==

Unquoted options that have been exercised or other unquoted +convertible securities that have been converted

Total number of +securities to be issued/transferred

		Total number of
ASX +security		+securities to be
code	Security description	issued/transferred	Issue date
AKO	ORDINARY FULLY PAID	50,666	04/02/2022

Refer to next page for full details of the announcement

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

1 / 6

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

==> picture [21 x 22] intentionally omitted <==

Part 1 - Entity and announcement details

1.1 Name of entity

AKORA RESOURCES LIMITED

We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.

1.2 Registered number type

ACN

Registration number

139847555

1.3 ASX issuer code

AKO

1.4 The announcement is

==> picture [8 x 8] intentionally omitted <==

New announcement

1.5 Date of this announcement

4/2/2022

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

2 / 6

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

==> picture [21 x 22] intentionally omitted <==

Part 2 - Issue details

2.1 The +securities the subject of this notification are:

==> picture [8 x 8] intentionally omitted <==

Unquoted options that have been exercised or other unquoted +convertible securities that have been converted

2.2b The +securities being issued, transferred or re-classified as a result of the options being exercised or other +convertible securities being converted are:

==> picture [8 x 8] intentionally omitted <==

securities that have already been quoted on ASX ("existing class")

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

3 / 6

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

==> picture [21 x 22] intentionally omitted <==

Part 3B - number and type of +securities the subject of this notification (existing class) where issue has not previously been notified to ASX in an Appendix 3B

The right of the holder of the options or other +convertible securities to receive the +underlying securities is being satisfied by: A transfer of existing +securities

The underlying securities being received by the holder are: Already quoted by ASX

Existing +securities converting into an existing class

FROM (Existing Class) ASX +Security code and description AKOAF : OPTION EXPIRING 07-DEC-2022 EX $0.30

TO (Existing Class) ASX +Security code and description

AKO : ORDINARY FULLY PAID

Please state the number of options The first date the options were The last date the options were that were exercised or other exercised or other +convertible exercised or other +convertible +convertible securities that were securities were converted securities were converted converted 4/2/2022 4/2/2022 50,666

Is this all of the options or other +convertible securities on issue of that type? No

Were the options being exercised or other +convertible securities being converted issued under an +employee incentive scheme? No

Date the +securities the subject of this notification were issued/transferred

4/2/2022

Any other information the entity wishes to provide about the +securities the subject of this notification

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

4 / 6

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Issue details

==> picture [21 x 22] intentionally omitted <==

Number of +securities

50,666

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

5 / 6

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

==> picture [21 x 22] intentionally omitted <==

Part 4 - +Securities on issue

Following the issue, conversion or payment up of the +securities the subject of this application, the +securities of the entity will comprise:

(A discrepancy in these figures compared to your own may be due to a matter of timing if there is more than one application for quotation/issuance currently with ASX for processing.)

4.1 Quoted +Securities (Total number of each +class of +securities quoted)

	Total number of
ASX +security code and description	+securities on issue
AKO : ORDINARY FULLY PAID	52,343,456
4.2 Unquoted +Securities (Total number of each +class of +securities issued but not quoted on ASX)
	Total number of
ASX +security code and description	+securities on issue
AKOAA : ORDINARY FULLY PAID RESTRICTED	8,693,266
AKOAE : OPTION EXPIRING 07-DEC-2022 RESTRICTED	2,244,750
AKOAF : OPTION EXPIRING 07-DEC-2022 EX $0.30	8,541,600
AKOAG : PERFORMANCE RIGHTS	1,000,000

4.2 Unquoted +Securities (Total number of each +class of +securities issued but not quoted on ASX)

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

6 / 6