CASPIN RESOURCES LIMITED — Share Issue/Capital Change 2023

Dec 14, 2023

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

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Announcement Summary

Entity name

CASPIN RESOURCES LIMITED

Date of this announcement

Friday December 15, 2023

The +securities the subject of this notification are:

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+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

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	Unlisted options ($0.25, expiring 15 December	2,233,334	15/12/2023
to be confirmed	2026)
New class - code	Unlisted options ($0.35, expiring 15 December	2,183,333	15/12/2023
to be confirmed	2026)
New class - code	Unlisted options ($0.45, expiring 15 December	2,183,333	15/12/2023
to be confirmed	2026)

Refer to next page for full details of the announcement

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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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

CASPIN 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

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

15/12/2023

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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 securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

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

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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

ASX +security code New class - code to be confirmed	+Security description Unlisted options ($0.25, expiring 15 December 2026)
+Security type	ISIN code
Options

Date the +securities the subject of this notification were issued 15/12/2023

Will all the +securities issued in this class rank equally in all respects from their issue date? Yes

Were any of the +securities issued to +key management personnel (KMP) or an +associate? Yes

Provide details of the KMP or +associates being issued +securities.

Name of KMP	Name of registered holder	Number of +securities
Greg Miles	Mr Gregory James Miles and Mrs Louise Anne Miles	1,000,000
Justin Tremain	Mr Justin Albert Tremain Tremain Family A/C>	333,334
Jon Hronsky	Dr Jonathan Hronsky	250,000

Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1? Yes

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02726305-6A1174524

Options Details

+Security currency AUD - Australian Dollar

Exercise price Expiry date AUD 0.25000000 15/12/2026

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

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Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option

Other

Description

One Caspin ordinary share (ASX: CPN)

Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02726305-6A1174524 Any other information the entity wishes to provide about the +securities the subject of this notification Incentive options issued to related parties were approved by shareholders at the AGM held 16 November 2023.

Issue details

Number of +securities 2,233,334

ASX +security code +Security description New class - code to be confirmed Unlisted options ($0.35, expiring 15 December 2026) +Security type ISIN code Options Date the +securities the subject of this notification were issued 15/12/2023

Will all the +securities issued in this class rank equally in all respects from their issue date? Yes

Were any of the +securities issued to +key management personnel (KMP) or an +associate? Yes

Provide details of the KMP or +associates being issued +securities.

Name of KMP	Name of registered holder	Number of +securities
Greg Miles	Mr Gregory James Miles and Mrs Louise Anne Miles	1,000,000

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

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Justin Tremain Mr Justin Albert Tremain Jon Hronsky Dr Jonathan Hronsky 250,000

Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1?

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Yes

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02726305-6A1174524

Options Details

+Security currency AUD - Australian Dollar

Exercise price Expiry date AUD 0.35000000 15/12/2026

Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option

Other

Description

One Caspin ordinary share (ASX: CPN)

Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02726305-6A1174524

Any other information the entity wishes to provide about the +securities the subject of this notification

Incentive options issued to related parties were approved by shareholders at the AGM held 16 November 2023.

Issue details

Number of +securities

2,183,333

ASX +security code

+Security description

New class - code to be confirmed Unlisted options ($0.45, expiring 15 December 2026)

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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

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+Security type

ISIN code

Options

Date the +securities the subject of this notification were issued

15/12/2023

Will all the +securities issued in this class rank equally in all respects from their issue date? Yes

Were any of the +securities issued to +key management personnel (KMP) or an +associate? Yes

Provide details of the KMP or +associates being issued +securities.

Name of KMP	Name of registered holder	Number of +securities
Greg Miles	Mr Gregory James Miles and Mrs Louise Anne Miles	1,000,000
Justin Tremain	Mr Justin Albert Tremain Tremain Family A/C>	333,333
Jon Hronsky	Dr Jonathan Hronsky	250,000

Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1?

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Yes

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02726305-6A1174524

Options Details

+Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.45000000 15/12/2026

Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option

Other

Description

One Caspin ordinary share (ASX: CPN)

Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02726305-6A1174524

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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

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Any other information the entity wishes to provide about the +securities the subject of this notification

Incentive options issued to related parties were approved by shareholders at the AGM held 16 November 2023.

Issue details

Number of +securities

2,183,333

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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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
CPN : ORDINARY FULLY PAID	94,265,665

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	609,500
CPNAF : PERFORMANCE RIGHTS	586,836
CPNAA : OPTION EXPIRING 19-NOV-2025 EX $0.30	2,500,000
CPNAB : OPTION EXPIRING 23-NOV-2025 EX $0.30	2,000,000
CPNAG : OPTION EXPIRING 12-JUL-2026 EX $0.60	811,287
New class - code to be confirmed : Unlisted options ($0.25, expiring 15 December 2026)	2,233,334
New class - code to be confirmed : Unlisted options ($0.35, expiring 15 December 2026)	2,183,333
New class - code to be confirmed : Unlisted options ($0.45, expiring 15 December 2026)	2,183,333

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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? Yes

5.1a Select the number of the applicable exception in Listing Rule 7.2

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