COBRE LIMITED — Capital/Financing Update 2023

Mar 5, 2023

Application for quotation of +securities

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Announcement Summary

Entity name

COBRE LIMITED

Announcement Type

New announcement

Date of this announcement

Monday March 06, 2023

The +securities to be quoted are:

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Other

Total number of +securities to be quoted

ASX +security		Number of +securities to
code	Security description	be quoted	Issue date
CBE	ORDINARY FULLY PAID	447,900	30/11/2022
CBE	ORDINARY FULLY PAID	3,001,300	24/02/2023

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

COBRE 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 75626241067

1.3 ASX issuer code

CBE

1.4 The announcement is

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New announcement

1.5 Date of this announcement

6/3/2023

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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Other

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")

2.3c Have these +securities been offered under a +disclosure document or +PDS?

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No

2.3d Please provide any further information needed to understand the circumstances in which you are applying to have these +securities quoted on ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B

The shares are subject voluntarily escrow and the ASX has requested for these to now be quoted. The shares were issued on 30.11.22 under the code CBEAN.

2.4 Any on-sale of the +securities to be quoted within 12 months of their date of issue will comply with the secondary sale provisions in sections 707(3) and 1012C(6) of the Corporations Act by virtue of:

Not applicable - the entity has arrangements in place with the holder that ensure the securities cannot be on-sold within 12 months in a manner that would breach section 707(3) or 1012C(6)

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 ASX +security code and description CBE : ORDINARY FULLY PAID Issue date 30/11/2022 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 447,900 Are the +securities being issued for a cash consideration? No Please describe the consideration being provided for the +securities Acquistion for a further interest in Triprop Holdings. Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the +securities to be quoted 0.240000 Any other information the entity wishes to provide about the +securities to be quoted The purpose(s) for which the entity is issuing the securities Other Please provide additional details Acquistion for a further interest in Triprop Holdings. Additional +securities to be quoted in an existing class

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Application for quotation of +securities

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ASX +security code and description

CBE : ORDINARY FULLY PAID

Issue date

24/2/2023

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

3,001,300

Are the +securities being issued for a cash consideration?

No Please describe the consideration being provided for the +securities

Acquisition to take ownership of Triprop Holdings to 100% as announced on 27.02.23.

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

0.117500

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

The purpose(s) for which the entity is issuing the securities

Other

Please provide additional details

Acquisition to take ownership of Triprop Holdings to 100% as announced on 27.02.23.

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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
CBE : ORDINARY FULLY PAID	277,734,122

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
CBEAL : OPTION EXPIRING 06-APR-2026 EX $0.335	11,500,000
CBEAK : OPTION EXPIRING 24-SEP-2024 EX $0.20	12,376,500
CBEAI : OPTION EXPIRING 24-SEP-2024 RESTRICTED	237,000
CBEAN : ORDINARY FULLY PAID RESTRICTED	447,900
CBEAO : OPTION EXPIRING 08-DEC-2025 EX $0.33	1,000,000
CBEAM : OPTION EXPIRING 30-NOV-2024 EX $0.335	2,500,000

Application for quotation of +securities

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Application for quotation of +securities

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Part 5 - Other Listing Rule requirements

5.1 Are the +securities being issued under an exception in Listing Rule 7.2 and therefore the issue does 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?

3,449,200

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

Application for quotation of +securities

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