ASARA RESOURCES LIMITED — Share Issue/Capital Change 2021

Nov 25, 2021

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

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Announcement Summary

Entity name

GOLDEN RIM RESOURCES LTD

Date of this announcement

Friday November 26, 2021

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	GMRAAD unquoted options expiring 26-Nov-2023	3,000,003	26/11/2021
to be confirmed	Ex.$0.18

Refer to next page for full details of the announcement

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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

GOLDEN RIM RESOURCES LTD

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

006710774

1.3 ASX issuer code

GMR

1.4 The announcement is

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New announcement

1.5 Date of this announcement

26/11/2021

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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

Options issued to Directors (as approved by Shareholders 5 November 2021) and Employees.

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

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New +securities
ASX +security code +Security description
New class - code to be confirmed GMRAAD unquoted options expiring 26-Nov-2023 Ex.$0.18
+Security type ISIN code
Options
Date the +securities the subject of this notification were issued
26/11/2021
Will all the +securities issued in this class rank equally in all respects from their 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
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being
issued.
Refer Annexure C to Notice of AGM announced to ASX on 6 October 2021 https://cdn-api.markitdigital.com/apiman-gatew
ay/ASX/asx-research/1.0/file/2924-02432023-6A1054512?access_token=83ff96335c2d45a094df02a206a39ff4
Options Details
+Security currency Exercise price Expiry date
AUD - Australian Dollar AUD 0.18000000 26/11/2023
Details of the existing class of +security that will be issued upon exercise or conversion of this new class of
company option
Other
Description
GMR ordinary fully paid shares
Any other information the entity wishes to provide about the +securities the subject of this notification
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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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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

Appendix 3B lodged on 26 November 2021 for issue of Options GMRAAD.

Issue details Number of +securities 3,000,003 Were the +securities issued for a cash consideration? No Please describe the consideration being provided for the +securities Nil cash consideration. Issued as a means of incentivising Directors and Employees and to conserve cash. Purpose of the issue Other Additional Details Director Options approved by Shareholders at the AGM held on 5 November 2021.

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

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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
GMR : ORDINARY FULLY PAID	244,691,485
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
GMRAH : OPTION EXPIRING 30-NOV-2022 EX $0.45	1,646,669
GMRAJ : OPTION EXPIRING 01-FEB-2023 EX $0.15225	473,691
GMRAE : OPTION EXPIRING 29-JUN-2022 EX $0.15	5,309,299
GMRAG : OPTION EXPIRING 20-AUG-2022 EX $0.0915	1,102,779
GMRAD : OPTION EXPIRING VARIOUS DATES EX $0.45	2,173,337
GMRAF : OPTION EXPIRING 18-AUG-2022 EX $0.15	8,831,569
GMRAAB : OPTION EXPIRING 11-MAY-2023 EX $0.18	33,333,356
GMRAAA : OPTION EXPIRING 12-APR-2023 EX $0.45	266,667
GMRAN : OPTION EXPIRING 13-APR-2023 EX $0.27	1,333,334
New class - code to be confirmed : GMRAAD unquoted options expiring 26-Nov-2023	3,000,003
Ex.$0.18

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? No

5.2b Are any of the +securities being issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1? Yes

5.2b.1 How many +securities are being issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1?

366,669

5.2c Are any of the +securities being issued without +security holder approval using the entity's additional 10% placement capacity under listing rule 7.1A (if applicable)? No

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