CORAZON MINING LIMITED — Capital/Financing Update 2024

Dec 17, 2024

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----- Start of picture text ----- ASX ANNOUNCEMENT18 December 2024----- End of picture text -----

SUCCESSFUL COMPLETION OF ENTITLEMENT OFFER

On 11 November 2024, Corazon Mining Limited (ASX: CZN) ( Corazon or the Company ) announced a pro-rata non-renounceable entitlement offer of one fully paid ordinary share ( Share ) for one Share held on the record date at an offer price of $0.003 per Share, together with one new option ( New Option ) for every one Share applied for and issued under the Entitlement Offer to raise approximately $2.3 million (before costs) ( Entitlement Offer ).

The Company lodged a prospectus with the ASIC and the ASX for the Entitlement Offer on 21 November 2024 ( Prospectus ). Terms used in this announcement have the meaning given in the Prospectus unless the context otherwise requires.

The Entitlement Offer closed at 5.00pm (WST) on Friday 13 December 2024.

The Company has received $274,663 from existing Eligible Shareholders (including applications in excess of their entitlement) as outlined in the table below.

ASX: CZN ABN: 87112 898 825

REGISTERED OFFICE

Level 3, 33 Ord St, West Perth, WA 6005

PO Box 8187 Subiaco East WA 6008

T : +61 8 6166 6361 E : info@corazon.com.au www.corazon.com.au

The Entitlement Offer was partially underwritten GBA Capital Pty Ltd ( GBA Capital ) pursuant to an underwriting agreement between the Company and GBA Capital ( Underwriting Agreement ). In accordance with the terms of the Underwriting Agreement, GBA Capital will provide valid applications for an additional $925,337 worth of securities.

		NUMBER OF	NUMBER OF
		SHARES	NEW OPTIONS
	Total number of Securities offered under the EntitlementOffer	767,905,589	767,905,589
	Total number of securities applied for by EligibleShareholders under the Entitlement Offer	82,659,480	82,659,480
	Total number of additional securities applied for by EligibleShareholders	8,894,928	8,894,928
	Subtotal (total applications)	91,554,408	91,554,408
	Total number of additional securities to be applied for inaccordance with the terms of the Underwriting Agreement	308,445,592	308,445,592
	Remaining Shortfall to be issued	367,905,589	367,905,589

The balance of the shortfall under the Entitlement Offer may be placed by up to three months following the closing date of the Entitlement Offer, at the discretion of GBA Capital in conjunction with the Company on the basis detailed in the Prospectus.

This announcement has been authorised for release by the Board of Directors of Corazon.

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For further information please contact:

Rob Orr Company Secretary

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