CASSIUS MINING LIMITED — Capital/Financing Update 2017

Mar 5, 2017

6 March 2017

==> picture [176 x 91] intentionally omitted <==

ASX ANNOUNCEMENT

Information Required Under ASX Listing Rule 3.10.5A

Further to the announcement dated 6 March 2017 Gulf Industrials Limited (“Gulf”) provides the following information as required under ASX Listing Rule 3.10.5A:

• a) The dilutive effect of the placement on existing shareholders is as follows:

Number of shares on issue prior to the Placement: 3,572,446,452

Placement issued under ListingRule 7.1A –(93,750,000 shares)	2.62%
Total dilution as a result of theplacement	2.62%

Number of shares on issue following the placement: 3,666,196,452

In relation to the portion of shares issued under Listing Rule 7.1A, the percentage of the post‐placement capital held (in aggregate) is as follows:

• pre‐placement security holders who did not participate in the placement – 99.96%

• pre‐placement security holders who did participate in the placement – 0.04%

• participants in the placement who were not previously security holders – 0%

• b) Gulf issued the shares as it was considered to be the most efficient and expedient method for raising the funds required to achieve the company’s objectives.

• c) No underwriting arrangements were in place for the placement.

• d) Other costs associated with this placement will total approximately $10,000.

FURTHER INFORMATION

Wayne Kernaghan

t | 02 8226 3323

Level 7 99 Macquarie Street Sydney NSW 2000 ●PO Box R383 Royal Exchange NSW 1225 Australia t +61 2 8226 3323 ● f +61 2 8226 3304

ACN 115 027 033

www.gulfindustrials.com.au