CANTERBURY RESOURCES LIMITED — Capital/Financing Update 2021

Aug 22, 2021

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

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Announcement Summary

Entity name

CANTERBURY RESOURCES LIMITED

Date of this announcement

Monday August 23, 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	Options with an exercise price of $0.24 and an	1,000,000	20/08/2021
to be confirmed	expiry date of 31/12/2023

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

CANTERBURY 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

152189369

1.3 ASX issuer code

CBY

1.4 The announcement is

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New announcement

1.5 Date of this announcement

23/8/2021

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

Part 2 - Issue details

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2.1 The +securities the subject of this notification are:

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Other

Please specify

Issue of options announced in Appendix 3B dated 18 August 2021

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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----- Start of picture text ----- New +securitiesASX +security code +Security descriptionNew class - code to be confirmed Options with an exercise price of $0.24 and an expiry dateof 31/12/2023+Security type ISIN codeOptionsDate the +securities the subject of this notification were issued20/8/2021Will all the +securities issued in this class rank equally in all respects from their issue date?YesHave you received confirmation from ASX that the terms of the +securities are appropriate and equitable underlisting rule 6.1?NoPlease provide a URL link for a document lodged with ASX setting out the material terms of the +securities beingissued.https://www2.asx.com.au/markets/company/cby----- End of picture text -----

Options Details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.24000000 31/12/2023 Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option Other Description Options with an exercise price of $0.24 and an expiry date of 31/12/2023 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

Issue was announced in Appendix 3B dated 18 August 2021

Issue details

Number of +securities 1,000,000

Were the +securities issued for a cash consideration? No

Please describe the consideration being provided for the +securities Contract and associated private placement. Purpose of the issue Other

Additional Details

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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
CBY : ORDINARY FULLY PAID	111,865,197

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
CBYAH : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES	1,200,000
CBYAK : OPTION EXPIRING 30-JUN-2023 EX $0.25	1,200,000
New class - code to be confirmed : Options with an exercise price of $0.24 and an expiry	1,000,000
date of 31/12/2023

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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?

1,000,000

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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