DIATREME RESOURCES LIMITED — Share Issue/Capital Change 2021

Jun 24, 2021

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

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Announcement Summary

Entity name

DIATREME RESOURCES LIMITED

Date of this announcement

Friday June 25, 2021

The +securities the subject of this notification are:

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+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	Tranche 1: unquoted options, vest on 27/5/22,	13,333,336	25/06/2021
to be confirmed	exercise price $0.025 per option & expiring on
	27/5/26
New class - code	Tranche 2: unquoted options, vest on 27/5/23,	13,333,332	25/06/2021
to be confirmed	exercise price $0.030 per option & expiring on
	27/5/26
New class - code	Tranche 3: unquoted options, vest on 27/5/24,	13,333,332	25/06/2021
to be confirmed	exercise price $0.035 per option & expiring on
	27/5/26

Refer to next page for full details of the announcement

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

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

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Part 1 - Entity and announcement details

1.1 Name of entity

DIATREME 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

33061267061

1.3 ASX issuer code

DRX

1.4 The announcement is

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New announcement

1.5 Date of this announcement

25/6/2021

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

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

Part 2 - Issue details

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2.1 The +securities the subject of this notification are:

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+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:

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

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

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

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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

ASX +security code New class - code to be confirmed	+Security description Tranche 1: unquoted options, vest on 27/5/22, exercise price $0.025 per option & expiring on 27/5/26
+Security type	ISIN code
Options

Date the +securities the subject of this notification were issued

25/6/2021

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? Yes

Provide details of the KMP or +associates being issued +securities.

Name of KMP	Name of registered holder	Number of +securities
Gregory Barry Starr	Tearum Advisors Pty Ltd	3,333,334
Cheng (William) Wang	Cheng Wang	3,333,334
Michael John Chapman	Michael John Chapman	3,333,334
Yufeng Zhuang	Yufeng Zhuang	3,333,334

Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1? Yes

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. https://www2.asx.com.au/markets/trade-our-cash-market/announcements.drx

Options Details

+Security currency

AUD - Australian Dollar

Exercise price AUD 0.02500000

Expiry date 27/5/2026

Details of the existing class of +security that will be issued upon exercise or conversion of this new class of

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

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

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company option

Other

Description

One fully paid ordinary share (ASX: DRX) for each option

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://www2.asx.com.au/markets/trade-our-cash-market/announcements.drx

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

Issue of Director Options, as approved at 27 May 2021 Annual General Meeting

Issue details

Number of +securities

13,333,336

ASX +security code

New class - code to be confirmed

+Security description

Tranche 2: unquoted options, vest on 27/5/23, exercise price $0.030 per option & expiring on 27/5/26

+Security type

ISIN code

Options

Date the +securities the subject of this notification were issued

25/6/2021

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? Yes

Provide details of the KMP or +associates being issued +securities.

Name of KMP	Name of registered holder	Number of +securities
Gregory Barry Starr	Tearum Advisors Pty Ltd	3,333,333

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

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

Cheng (William) Wang Cheng Wang 3,333,333
Michael John Chapman Michael John Chapman 3,333,333
Yufeng Zhuang Yufeng Zhuang 3,333,333
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Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1? Yes

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. https://www2.asx.com.au/markets/trade-our-cash-market/announcements.drx

Options Details

+Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.03000000 27/5/2026

Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option

Other

Description

One fully paid ordinary share (ASX: DRX) for each option

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://www2.asx.com.au/markets/trade-our-cash-market/announcements.drx

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

Issue of Director Options, as approved at 27 May 2021 Annual General Meeting

Issue details

Number of +securities

13,333,332

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

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

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ASX +security code New class - code to be confirmed	+Security description Tranche 3: unquoted options, vest on 27/5/24, exercise price $0.035 per option & expiring on 27/5/26
+Security type	ISIN code
Options

Date the +securities the subject of this notification were issued

25/6/2021

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? Yes

Provide details of the KMP or +associates being issued +securities.

Name of KMP	Name of registered holder	Number of +securities
Gregory Barry Starr	Tearum Advisors Pty Ltd	3,333,332
Cheng (William) Wang	Cheng Wang	3,333,332
Michael John Chapman	Michael John Chapman	3,333,332
Yufeng Zhuang	Yufeng Zhuang	3,333,332

Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1?

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Yes

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued.

https://www2.asx.com.au/markets/trade-our-cash-market/announcements.drx

Options Details

+Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.03500000 27/5/2026

Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option

Other

Description

One fully paid ordinary share (ASX: DRX) for each option

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

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

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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://www2.asx.com.au/markets/trade-our-cash-market/announcements.drx

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

Issue of Director Options, as approved at 27 May 2021 Annual General Meeting

Issue details

Number of +securities

13,333,332

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

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

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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
DRX : ORDINARY FULLY PAID	2,575,456,646

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
DRXAC : OPTION EXPIRING 04-FEB-2022 EX 2C	179,214,365
DRXAA : PERFORMANCE RIGHTS	5,233,988
New class - code to be confirmed : Tranche 1: unquoted options, vest on 27/5/22, exercise	13,333,336
price $0.025 per option & expiring on 27/5/26
New class - code to be confirmed : Tranche 2: unquoted options, vest on 27/5/23, exercise	13,333,332
price $0.030 per option & expiring on 27/5/26
New class - code to be confirmed : Tranche 3: unquoted options, vest on 27/5/24, exercise	13,333,332
price $0.035 per option & expiring on 27/5/26

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

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

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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? No

5.2 Has the entity obtained, or is it obtaining, +security holder approval for the issue under listing rule 7.1? Yes

5.2a Date of meeting or proposed meeting to approve the issue under listing rule 7.1

27/5/2021

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