CASPIN RESOURCES LIMITED — Share Issue/Capital Change 2022

Nov 28, 2022

Application for quotation of +securities

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Announcement Summary

Entity name

CASPIN RESOURCES LIMITED

Announcement Type

New announcement

Date of this announcement

Tuesday November 29, 2022

The +securities to be quoted are:

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+Restricted securities where the escrow period has expired or is about to expire

Total number of +securities to be quoted

ASX +security		Number of +securities to
code	Security description	be quoted	Issue date
CPN	ORDINARY FULLY PAID	4,400,000	21/01/2021
CPN	ORDINARY FULLY PAID	520,000	16/04/2021

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

CASPIN RESOURCES 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

ABN

Registration number

33641813587

1.3 ASX issuer code

CPN

1.4 The announcement is

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New announcement

1.5 Date of this announcement

29/11/2022

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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+Restricted securities where the escrow period has expired or is about to expire

2.2 The +securities to be quoted are:

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Additional +securities in a class that is already quoted on ASX ("existing class")

Application for quotation of +securities

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Application for quotation of +securities

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

Additional +securities to be quoted in an existing class as a result of escrow expiring on an existing class

FROM (Existing Class) ASX +security code and description CPNAD : ORDINARY FULLY PAID RESTRICTED

TO (Existing Class) ASX +security code and description CPN : ORDINARY FULLY PAID

Please state the number of +restricted securities where the escrow period has expired or is about to expire 4,400,000

And the date the escrow restrictions have ceased or will cease 25/11/2022

Issue date 21/1/2021

Will the +securities to be quoted rank equally in all respects from their issue date with the existing issued +securities in that class?

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Yes

Application for quotation of +securities

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Application for quotation of +securities

Issue details

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Number of +securities to be quoted

4,400,000

Are the +securities being issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

Shares previously issued in January 2021 in respect of performance rights that vested and were converted to shares.

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

0.700000

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

Performance rights were issued as an incentive component of the remuneration packages of the directors and CEO of Caspin Resources Limited, as detailed in its prospectus dated 12 October 2020.

Additional +securities to be quoted in an existing class as a result of escrow expiring on an existing class

FROM (Existing Class) ASX +security code and description

CPNAD : ORDINARY FULLY PAID RESTRICTED

TO (Existing Class) ASX +security code and description CPN : ORDINARY FULLY PAID

Please state the number of +restricted securities where the escrow period has expired or is about to expire 520,000

And the date the escrow restrictions have ceased or will cease 25/11/2022

Issue date

16/4/2021

Application for quotation of +securities

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Application for quotation of +securities

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Will the +securities to be quoted rank equally in all respects from their issue date with the existing issued +securities in that class? Yes

Issue details Number of +securities to be quoted 520,000 Are the +securities being issued for a cash consideration? No Please describe the consideration being provided for the +securities Shares previously issued in April 2021 in respect of performance rights that vested and were converted to shares. Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the +securities to be quoted 0.700000 Any other information the entity wishes to provide about the +securities to be quoted Performance rights were issued as an incentive component of the remuneration packages of the directors and CEO of Caspin Resources Limited, as detailed in its prospectus dated 12 October 2020.

Application for quotation of +securities

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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
CPN : ORDINARY FULLY PAID	74,740,710
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
CPNAE : PERFORMANCE RIGHTS	801,124
CPNAD : ORDINARY FULLY PAID RESTRICTED	0
CPNAF : PERFORMANCE RIGHTS	313,800
CPNAA : OPTION EXPIRING 19-NOV-2025 EX $0.30	2,500,000
CPNAB : OPTION EXPIRING 23-NOV-2025 EX $0.30	2,000,000

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

Application for quotation of +securities

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