ALICE QUEEN LIMITED — Capital/Financing Update 2021

Nov 4, 2021

Application for quotation of +securities

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Announcement Summary

Entity name

ALICE QUEEN LIMITED

Announcement Type

New announcement

Date of this announcement

Friday November 05, 2021

The +securities to be quoted are:

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Other

Total number of +securities to be quoted

ASX +security		Number of +securities to
code	Security description	be quoted	Issue date
New class - code	Options over ordinary shares with an exercise	146,829,723	05/11/2021
to be confirmed	price of $0.03 expiring 5 November 2023

Refer to next page for full details of the announcement

Application for quotation of +securities

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Application for quotation of +securities

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Part 1 - Entity and announcement details

1.1 Name of entity

ALICE QUEEN LIMITED

We (the entity named above) apply for +quotation of the following +securities and agree to the matters set out in Appendix 2A of the ASX Listing Rules.

1.2 Registered number type

ACN

Registration number 099247408

1.3 ASX issuer code

AQX

1.4 The announcement is

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New announcement

1.5 Date of this announcement

5/11/2021

Application for quotation of +securities

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Application for quotation of +securities

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Part 2 - Type of Issue

2.1 The +securities to be quoted are:

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Other

2.2 The +securities to be quoted are:

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New +securities in a class that is not yet quoted on ASX ("new class")

2.3c Have these +securities been offered under a +disclosure document or +PDS?

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No

2.3d Please provide any further information needed to understand the circumstances in which you are applying to have these +securities quoted on ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B

a) 70,011,538 options are free attaching options to the Share Placement issued on 21 May 2021. Refer to Appendix 2A lodged 21 May 2021 & Appendix 3B lodged 17 May 2021. b) 66,818,185 options are free attaching options to the Share Placement issued on 3 Sep 2021. Refer to Appendix 2A lodged 3 Sep 2021 & Appendix 3B lodged 25 August 2021. c) 10,000,000 options are options referred to in the Appendix 3B lodged 25 Aug 2021. d) Notice of Meeting released to ASX on 22 Sep 2021 sets out further detail.

2.4 Any on-sale of the +securities to be quoted within 12 months of their date of issue will comply with the secondary sale provisions in sections 707(3) and 1012C(6) of the Corporations Act by virtue of:

The publication of a +disclosure document or +PDS involving the same class of securities as the +securities to be quoted that meets the requirements of section 708A(11) or 1012DA(11)

Application for quotation of +securities

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Application for quotation of +securities

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Part 3C - number and type of +securities to be quoted (new class) where issue has not previously been notified to ASX in an Appendix

3B

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New +securities
ASX +security code +Security description
New class - code to be confirmed Options over ordinary shares with an exercise price of
$0.03 expiring 5 November 2023
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ASX +security code New class - code to be confirmed		+Security description Options over ordinary shares with an exercise price of $0.03 expiring 5 November 2023
+Security type		ISIN code
Options
Issue date
5/11/2021
Will all the +securities issued in this class rank equally in all respects from the issue date?
Yes
Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under
listing rule 6.1?
No
Distribution Schedule
Provide a distribution schedule for the new +securities according to the categories set out in the left hand column -
including the number of recipients and the total percentage of the new +securities held by the recipients in each
category.
		Total percentage of +securities held
Number of +securities held	Number of holders	For example, to enter a value of 50%
		please input as 50.00
1 - 1,000	0	0.00 %
1,001 - 5,000	0	0.00 %
5,001 - 10,000	0	0.00 %
10,001 - 100,000	1	0.01 %
100,001 and over	86	99.99 %

Application for quotation of +securities

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Application for quotation of +securities

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Options Details

+Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.03000000 5/11/2023

Details of the type of +security that will be issued if an option is exercised AQX : ORDINARY FULLY PAID Number of +securities that will be issued if an option is exercised Each option entitles the holder to acquire one ordinary fully paid share in the capital of the Company. Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities to be quoted or provide the information by separate announcement. Refer to Notice of Meeting to ASX on 22 September 2021 - https://www.asx.com.au/asxpdf/20210922/pdf/450rvhqvtsb5lm .pdf

Issue details

Number of +securities to be quoted

146,829,723

Are the +securities being issued for a cash consideration?

No Please describe the consideration being provided for the +securities Nil cash consideration. 136,829,723 options are free attaching options and 10M options are to be issued to Henslow Pty Ltd for their role as lead manager of the Share Placement on 3 Sep 2021.

Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the +securities to be quoted

0.003420

Any other information the entity wishes to provide about the +securities to be quoted

The purpose(s) for which the entity is issuing the securities

Other

Please provide additional details

a) 136,829,723 options are free attaching options to the Share Placements issued on 21 May 2021 and 3 September 2021.

b) 10,000,000 options to be issued to Henslow Pty Ltd in connection with their role as lead manager of the Share Placement issued on 3 September 2021.

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Application for quotation of +securities

Part 4 - Issued capital following quotation

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Following the quotation of the +securities the subject of this application, the issued capital 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 on ASX following the +quotation of the +securities subject of this application)

	Total number of
ASX +security code and description	+securities on issue
AQX : ORDINARY FULLY PAID	1,370,223,010
New class - code to be confirmed : Options over ordinary shares with an exercise price of	146,829,723
$0.03 expiring 5 November 2023

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
AQXAS : OPTION EXPIRING 25-JUN-2024 EX $0.05	31,266,588
AQXAL : OPTION EXPIRING 27-AUG-2022 EX 7C	5,000,000
AQXAM : OPTION EXPIRING 27-AUG-2022 EX 8C	5,000,000
AQXAO : OPTION EXPIRING 18-DEC-2021 EX $0.04	24,937,502
AQXAP : OPTION EXPIRING 20-DEC-2022 EX $0.045	38,691,390
AQXAQ : OPTION EXPIRING 30-JUN-2022 EX $0.05	5,000,000
AQXAR : OPTION EXPIRING 30-JUN-2022 EX $0.06	5,000,000

Application for quotation of +securities

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Application for quotation of +securities

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Part 5 - Other Listing Rule requirements

5.1 Are the +securities being issued under an exception in Listing Rule 7.2 and therefore the issue does 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

21/10/2021

Application for quotation of +securities

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