ALDORO RESOURCES LIMITED — Share Issue/Capital Change 2023

Jul 17, 2023

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

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Announcement Summary

Entity name

ALDORO RESOURCES LIMITED

Date of this announcement

Tuesday July 18, 2023

The +securities the subject of this notification are: Other

Total number of +securities to be issued/transferred

		Total number of
ASX +security		+securities to be
code	Security description	issued/transferred	Issue date
New class - code	Unlisted Options exercisable at $0.25; expiry 9	10,855,714	18/07/2023
to be confirmed	September 2026

Refer to next page for full details of the announcement

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

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

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Part 1 - Entity and announcement details

1.1 Name of entity

ALDORO 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

ABN

Registration number

31622990809

1.3 ASX issuer code

ARN

1.4 The announcement is

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New announcement

1.5 Date of this announcement

18/7/2023

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Part 2 - Issue details

2.1 The +securities the subject of this notification are:

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Other

Please specify

Unlisted free attaching placement options (see Appendix 3B lodged with ASX on 6 April 2023).

2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which:

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does not have an existing ASX security code ("new class")

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

New +securities ASX +security code +Security description New class - code to be confirmed Unlisted Options exercisable at $0.25; expiry 9 September 2026 +Security type ISIN code Options Date the +securities the subject of this notification were issued 18/7/2023 Will all the +securities issued in this class rank equally in all respects from their issue date? No If some of the issued +securities do not rank equally: Is the actual date from which the +securities will rank equally (non-ranking end date) known? No Provide the estimated non-ranking end period 9 September 2026 (expiry date of options) Please state the extent to which the +securities do not rank equally: In relation to the next dividend, distribution or interest payment; or For any other reason Upon exercise and conversion of the options into ordinary shares, the securities will rank equally with the existing class of ordinary shares on issue. Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1? No Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. https://announcements.asx.com.au/asxpdf/20230614/pdf/05qmx9n58b9ctl.pdf Schedule 1 Options Details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.25000000 9/9/2026

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

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

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Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option

Other

Description

Unlisted Options exercisable at $0.25 on or before 9 September 2026.

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

The options were notified to ASX in the Appendix 3B lodged 6 April 2023.

Please provide any further information needed to understand the circumstances in which you are notifying the issue of these +securities to ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B

The options were notified to ASX in the Appendix 3B lodged 6 April 2023. They are a new class of option and do not have an ASX code yet.

Issue details

Number of +securities

10,855,714

Were the +securities issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

The options are free attaching to the April 2023 placement shares (issued on a 1:2 basis).

Purpose of the issue

Other

Additional Details

The options were approved by shareholders at a General Meeting held 17th July 2023.

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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
ARN : ORDINARY FULLY PAID	134,423,743
ARNO : OPTION EXPIRING 31-AUG-2023	25,532,264
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
ARNAG : OPTION EXPIRING 09-SEP-2023 EX 23.4C	3,000,000
ARNAI : OPTION EXPIRING 09-SEP-2023 EX $0.50	1,750,000
ARNAF : OPTION EXPIRING 09-SEP-2023 EX 17.5C	2,000,000
ARNAJ : OPTION EXPIRING 09-SEP-2024 EX $0.30	9,550,000
New class - code to be confirmed : Unlisted Options exercisable at $0.25; expiry 9	10,855,714
September 2026

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

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Part 5 - Other Listing Rule requirements

5.1 Were the +securities issued under an exception in Listing Rule 7.2 and therefore the issue did not need any security holder approval under Listing Rule 7.1? No

5.2 Has the entity obtained, or is it obtaining, +security holder approval for the issue under listing rule 7.1? Yes

5.2a Date of meeting or proposed meeting to approve the issue under listing rule 7.1

17/7/2023

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