CGN RESOURCES LIMITED — Share Issue/Capital Change 2023

Dec 20, 2023

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

==> picture [21 x 22] intentionally omitted <==

Announcement Summary

Entity name

CGN RESOURCES LIMITED

Date of this announcement

Thursday December 21, 2023

The +securities the subject of this notification are:

==> picture [8 x 9] intentionally omitted <==

+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	1,000,000	21/12/2023
to be confirmed

Refer to next page for full details of the announcement

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

1 / 7

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

==> picture [21 x 22] intentionally omitted <==

Part 1 - Entity and announcement details

1.1 Name of entity

CGN 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

51122958810

1.3 ASX issuer code

CGR

1.4 The announcement is

==> picture [8 x 8] intentionally omitted <==

New announcement

1.5 Date of this announcement

21/12/2023

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

2 / 7

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

Part 2 - Issue details

==> picture [21 x 22] intentionally omitted <==

2.1 The +securities the subject of this notification are:

==> picture [8 x 8] intentionally omitted <==

+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:

==> picture [8 x 8] intentionally omitted <==

does not have an existing ASX security code ("new class")

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

3 / 7

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

==> picture [21 x 22] intentionally omitted <==

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

==> picture [538 x 495] intentionally omitted <==

----- Start of picture text -----

ASX +security code +Security description
New class - code to be confirmed Unlisted Options
+Security type ISIN code
Options
Date the +securities the subject of this notification were issued
21/12/2023
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?
No
Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under
listing rule 6.1?
No
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being
issued.
1,000,000 employee incentive options exercisable at $0.30 each and expiry 3 years from issue with vesting criteria
Options Details
+Security currency Exercise price Expiry date
AUD - Australian Dollar AUD 0.30000000 21/12/2026
Details of the existing class of +security that will be issued upon exercise or conversion of this new class of
company option
Other
Description
Ordinary Fully Paid Shares
----- End of picture text -----

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://cgnresources.com.au/wp-content/uploads/2023/11/Employee-Securities-Incentive-Plan-CGN-Resources-Limited-F INAL.pdf

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

4 / 7

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

==> picture [21 x 22] intentionally omitted <==

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

1,000,000 employee incentive options exercisable at $0.30 each and expiry 3 years from issue with vesting criteria

Issue details

Number of +securities

1,000,000

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

5 / 7

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

==> picture [21 x 22] intentionally omitted <==

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
CGR : ORDINARY FULLY PAID	90,778,191
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
CGRAA : ORDINARY FULLY PAID RESTRICTED	4,650,000
CGRAB : ORDINARY FULLY PAID RESTRICTED	14,745,000
CGRAG : OPTION EXPIRING 18-AUG-2026 RESTRICTED	5,000,000
CGRAE : OPTION EXPIRING 18-AUG-2026 RESTRICTED	8,000,000
CGRAF : OPTION EXPIRING 18-AUG-2026 RESTRICTED	3,000,000
CGRAD : OPTION EXPIRING 31-JUL-2026 RESTRICTED	3,400,000
CGRAC : OPTION EXPIRING 31-JUL-2026 RESTRICTED	4,600,000
CGRAH : OPTION EXPIRING 30-JUN-2026 EX $0.25	4,166,666
New class - code to be confirmed : Unlisted Options	1,000,000

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

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

6 / 7

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

==> picture [21 x 22] intentionally omitted <==

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

9

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

7 / 7