BROOKSIDE ENERGY LIMITED — Capital/Financing Update 2021

Aug 12, 2021

==> picture [220 x 81] intentionally omitted <==

13 August 2021

SECONDARY TRADING NOTICE PURSUANT TO SECTION 708A(5) OF THE CORPORATIONS ACT 2001 (“Act”)

On 13 August 2021, Brookside Energy Limited ( Company ) issued:

• (a) 300,000,000 fully paid ordinary shares in the capital of the Company ( Shares ) to sophisticated and professional investors pursuant to a placement, as detailed in the Company’s ASX announcement of 6 August 2021;

• (b) 100,000,101 BRKOB listed options (exercisable at $0.011 on or before 30 June 2022) ( BRKOB Options ) as free attaching options to the placement described in paragraph (a);

• (c) 45,000,000 BRKOB Options to nominees of CPS Capital Group Pty Ltd in connection with the placement referred to above, as detailed in the Company’s ASX announcement of 6 August 2021; and

• (d) 19,250,000 Shares upon the exercise of BRKOB Options.

The Act restricts the on-sale of securities issued without disclosure, unless the sale is exempt under section 708 or 708A of the Act. By giving this notice, the on sale of the Shares and BRKOB Options noted above will fall within the exemption in section 708A(5) of the Act.

The Company hereby gives notice under paragraph 708A(5)(e) of the Act that, as at 13 August 2021:

• (a) The Company issued a total of 319,250,000 Shares and 145,000,101 BRKOB Options without disclosure under Part 6D.2 of the Act;

• (b) The Company has complied with the provisions of Chapter 2M of the Act as they apply to the Company, and section 674 of the Act; and

• (c) There is no information:

  • (i) That has been excluded from a continuous disclosure notice in accordance with the ASX Listing Rules; and

  • (ii) That investors and their professional advisers would reasonably require for the purpose of making an informed assessment of:

    • (A) The assets and liabilities, financial position and performance, profits and losses and prospects of the Company; or

    • (B) The rights and liabilities attaching to the Shares and/or BRKOB Options.

– ENDS –

Authority:

This announcement has been authorised for release by the Board of Directors of Brookside Energy Limited

For further information, contact:

David Prentice Managing Director Brookside Energy Limited Tel: (+61 8) 6489 1600 david@brookside-energy.com.au