CONICO LTD — Capital/Financing Update 2019

Jun 24, 2019

ACN 119 057 457

AUSTRALIAN SECURITIES EXCHANGE ANNOUNCEMENT

25 JUNE 2019

PRO-RATA NON-RENOUNCEABLE RIGHTS ISSUE

Conico Ltd ( Conico ) is undertaking a non-renounceable pro-rata rights offer to Conico shareholders to raise up to approximately $1,005,023 (the Offer). The Offer will be open to all Conico shareholders who are on the register as at 5.00pm WST on 10 July 2019 (the Record Date ) and who have a registered address in Australia or New Zealand.

Under the Offer, Conico will make an offer to all eligible shareholders of two (2) fully paid ordinary Conico shares for every seven (7) fully paid ordinary Conico shares held as at the Record Date, at a price of $0.01 per share .

The anticipated Timetable * for the Offer is as follows:

Offer announcement	25 June 2019
Lodgement of disclosure document and Appendix 3B with ASX	5 July 2019
Notice sent to shareholders	8 July 2019
Ex date	9 July 2019
Record Date for determining entitlements	10 July 2019
Offer document despatched to eligible shareholders	15 July 2019
Closing date of the Offer	30 July 2019
Securities quoted on a deferred settlement basis	31 July 2019
Company notifies ASX of under subscriptions	2 August 2019
Issue Date	6 August 2019

The funds will be used towards continuing to progess the Mt Thirsty pre-feasibility study and for general working capital.

* - The above dates are indicative only and are subject to change.

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Aaron P Gates Company Secretary

______________________________________________________________________________________________________________ Level 15, 197 St George’s Terrace, Perth, Western Australia 6000 Telephone: (08) 9282 5889 Facsimile: (08) 9282 5866 Website: www.conico.com.au