Cygnus Metals Ltd — Major Shareholding Notification 2020

Jul 20, 2020

21 July 2020

Market Announcements Office ASX Limited 20 Bridge Street Sydney NSW 2000

Our ref: DMC:DHO:2050347

By online lodgement

Dear Sir / Madam

Huizenga Group - Substantial Holding Notices

We act for John C. Huizenga, Huizenga Exploration Group, LLC, John C. Huizenga Trust, The J.C. Huizenga Family Trust and their controlled entities (including Southern Cross Capital Pty Limited) (each a member of the Huizenga Group).

In accordance with section 671B(1) of the Corporations Act, on behalf of the Huizenga Group, we attach a copy of the Notice of Change of Interests of Substantial Holder to notify of share sales which occurred on 15 July 2020 and 17 July 2020 giving rise in aggregate to a notifiable change in holdings, and which was sent to Cygnus Gold Limited today.

Yours faithfully

Deanna Constable | Partner D +61 2 8020 7778 dconstable@landers.com.au

Sydney

Level 19 123 Pitt Street Sydney NSW 2000 Australia

PO Box R1853 Royal Exchange NSW 1225 Sydney Australia

DX 10212 Sydney Stock Exchange NSW

T +61 2 8020 7700 F +61 2 8020 7701 www.landers.com.au

ABN 58 207 240 529

Draft letter to ASX regarding lodgement of substantial holding form - 20.07.2020

Form 604 Corporations Act 2001
Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme	Cygnus Gold Limited ("CY5")
ACN/ARSN	609 094 653
1. Details of substantial holder (1)
Name	Mr John C. Huizenga, Huizenga Exploration Group, LLC, John C. Huizenga Trust, The J.C. Huizenga Family Trust and their controlled entities (including Southern Cross Capital Pty Limited)
ACN/ARSN (if applicable)	610 572 640
There was a change in the interests of the
substantial holder on	17/07/2020
The previous notice was given to the company on	13/07/2020
The previous notice was dated	13/07/2020

2. Previous and present voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

	Previous notice		Present notice
	Class of securities (4)	Person's votes	Voting power (5)	Person's votes	Voting power (5)
	Fully-paid ordinary shares ("CY5 Shares") 10,000,001		12.78%	9.066.667	11.59%

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date of change	Person whose relevant interest changed	Nature of change (6)	Consideration given in relation to change (7)	Class and number of securities affected	Person's votes affected
17/07/2020	Southern Cross Capital Pty Limited	Reduction of voting power following sale of 733,334 CY5 shares on 15 July 2020 and 200,000 CY5 shares on 17 July 2020	N/A	$ 9,066,667$ fully-paid ordinary shares	9,066,667
17/07/2020	Huizenga Exploration Group, ILLC	Taken under s 608(3)(b) of the Corporations Act to have la relevant interest in the CY5 lShares in which Southern Cross Capital Pty Limited lhas a relevant interest, bv virtue of having control of Southern Cross Capital Pty Limited	N/A	9,066,667 fully-paid ordinary shares	9,066,667
17/07/2020	John C. Huizenga Trust	Taken under s 608(3)(a) of the Corporations Act to have a relevant interest in the CY5 Shares in which Southern Cross Capital Pty Limited has a relevant interest, by virtue of having voting power lof more than 20% in Huizenga Exploration Group, ILLC	N/A	9,066,667 fully-paid ordinary shares	9,066,667

17/07/2020	Huizenga Heritage, ILLC	Taken under s 608(3)(a) of the Corporations Act to have a relevant interest in the CY5 Shares in which Southern Cross Capital Pty Limited has a relevant interest, by virtue of having voting power of more than 20% in Huizenga Exploration Group, LLC	N/A	9,066,667 fully-paid ordinary shares	9,066,667
17/07/2020	The J.C. Huizenga Family Trust	Taken under s 608(3)(b) of the Corporations Act to have $\,$ relevant interest in the CY5 $\,$ Shares in which Southern Cross Capital Pty Limited has a relevant interest, by virtue of having control of Huizenga Heritage, LLC	N/A	9,066,667 fully-paid ordinary shares	9,066,667
17/07/2020	Each of the other entities controlled by John C. Huizenga Trust and The J.C. Huizenga Family Trust	Taken under s 608(3) of the Corporations Act to have a relevant interest in the CY5 Shares in which Southern Cross Capital Pty Limited has a relevant interest, by virtue of the relevant interest held by each entity's associates including John C. Huizenga Trust and The J.C. Huizenga Family Trust	N/A	9,066,667 fully-paid ordinary shares	9,066,667

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of Registered holder of relevant securities interest		Person entitled to be registered as holder (8)	Nature of relevant interest (6)	Class and number of securities	Person's votes
Southern Cross Capital Pty Limited	Southern Cross Capital Pty Limited	Southern Cross Capital Pty Limited	Registered holder	9,066,667 fully-paid ordinary shares	9,066,667
Huizenga Exploration Southern Cross Group, LLC	Capital Pty Limited	Southern Cross Capital Pty Limited	Taken under s 608(3)(b) of the Corporations Act to have a relevant interest in the CY5 Shares in which Southern Cross Capital Pty Limited has a relevant interest, by virtue of having control of Southern Cross Capital Pty Limited	9,066,667 fully-paid ordinary shares	9.066,667
John C. Huizenga lTrust	Southern Cross Capital Pty Limited	Southern Cross Capital Pty Limited	Taken under s 608(3)(a) of the Corporations Act to have la relevant interest in the CY5l Shares in which Southern Cross Capital Pty Limited has a relevant interest, by virtue of having voting power lof more than 20% in Huizenga Exploration Group, LLC	9.066.667 fully-paid ordinary shares	9,066,667
Huizenga Heritage, LLC	Southern Cross Capital Pty Limited	Southern Cross Capital Pty Limited	Taken under s 608(3)(a) of the Corporations Act to have a relevant interest in the CY5 lShares in which Southern Cross Capital Pty Limited has a relevant interest, by virtue of having voting power of more than 20% in Huizenga Exploration Group, LLC	9,066,667 fully-paid ordinary shares	9,066,667

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

(if ACN/ARSN Name and applicable)	Nature of association
INA	NA

6. Addresses

The addresses of persons named in this form are as follows:

Name	Address
Southern Cross Capital Pty Limited	Cosec Consulting Pty Ltd 58 Gipps Street Collingwood, VIC 3066
Huizenga Exploration Group, LLC	l3755 36th Street. Suite 200 Grand Rapids, MI 49512, United States of America
John C. Huizenga Trust	l3755 36th Street. Suite 200 Grand Rapids, MI 49512, United States of America
Huizenga Heritage, LLC	3755 36th Street, Suite 200 Grand Rapids, MI 49512, United States of America
The J.C. Huizenga Family Trust	l3755 36th Street, Suite 200 Grand Rapids, MI 49512, United States of America
Each of the other entities controlled by John C. Huizenga Trust and The J.C. Huizenga Family Trust	3755 36th Street, Suite 200 Grand Rapids, MI 49512, United States of America

Signature

$(1)$

$(2)$

$(3)$

$(4)$

$(5)$

$(6)$

		print name Chad Nyboer	capacity	Director
	sign here		date		07'2020
		DIRECTIONS
	If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 6 of the form.
		See the definition of "associate" in section 9 of the Corporations Act 2001.
		See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.
		The voting shares of a company constitute one class unless divided into separate classes.
		The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.
	Include details of:
(a)		any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and
(b)		any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).
		See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

• Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details m $(7)$
• If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write "unknown". $(8)$
• Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice. $(9)$

GUIDE

This guide does not form part of the prescribed form and is included by ASIC to assist you in completing and lodging form 604.

Signature		This form must be signed by either a director or a secretary of the substantial holder.
Lodging period	Nil
Lodging Fee	Nil
Other forms to be completed	Nil
Additional information	(a)	If additional space is required to complete a question, the information may be included on a separate piece of paper annexed to the form.
	(b)	This notice must be given to a listed company, or the responsible entity for a listed managed investment scheme. A copy of this notice must also be given to each relevant securities exchange.
	(c)	The person must give a copy of this notice:
		within 2 business days after they become aware of the information; or (i)
		by 9.30 am on the next trading day of the relevant securities exchange after they become aware of the (ii) information if:
		a takeover bid is made for voting shares in the company or voting interests in the scheme; and (A)
		(B) the person becomes aware of the information during the bid period.
Annexures		To make any annexure conform to the regulations, you must
	1	use A4 size paper of white or light pastel colour with a margin of at least 10mm on all sides
	2	show the corporation name and A.C.N or ARBN
	3	number the pages consecutively
	4	print or type in BLOCK letters in dark blue or black ink so that the document is clearly legible when photocopied
	5	identify the annexure with a mark such as A, B, C, etc.
	6	endorse the annexure with the words: This is annexure (mark) of (number) pages referred to in form (form number and title)
	7	sign and date the annexure.
		The annexure must be signed by the same person(s) who signed the form.