DREADNOUGHT RESOURCES LTD — Regulatory Filings 2015

May 5, 2015

Australian Securities Exchange Announcement

6 May 2015

ASX Market Announcements Australian Securities Exchange 20 Bridge Street SYDNEY NSW 2000

CORRECTION TO APPENDIX 3B

Tychean Resources Limited (ASX: TYK) wishes to advise that an error was made in an Appendix 3B lodged on 6 May 2015.

The issue dates are 15 May 2015 for the institutional component of the offer and 4 June 2015 for the retail component of the offer.

A corrected version of the Appendix 3B is attached.

Du Huilden

Director

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

Appendix 3B

New issue announcement, application for quotation of additional securities and agreement

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 01/07/96 Origin: Appendix 5 Amended 01/07/98, 01/09/99, 01/07/00, 30/09/01, 11/03/02, 01/01/03, 24/10/05, 01/08/12, 04/03/13

Name of entity

TYCHEAN RESOURCES LTD

ABN

40 119 031 864

We (the entity) give ASX the following information.

Part 1 - All issues

You must complete the relevant sections (attach sheets if there is not enough space).

• ⁺Class of ⁺securities issued $\mathbf{1}$ or to be issued
• $\overline{2}$ Number of ⁺securities issued or to be issued (if known) or maximum number which may be issued
• 3 Principal terms of the ⁺securities (e.g. if options. exercise price and expiry date; if partly paid ⁺securities, the amount outstanding and due dates for payment; if ⁺convertible securities, the conversion price and dates for conversion)
• Fully paid ordinary shares. $(a)$ Options exercisable at \$0.004 on or $(b)$ before 4 June 2016.
• 225,363,109 (maximum final $(a)$ number to be advised). 225,363,109 (maximum - final $(b)$ number to be advised).
• Ordinary shares will rank pari passu $(a)$ with existing ordinary shares.
• $(b)$ Quoted options exercisable at \$0.004 on or before 4 June 2016.

⁺ See chapter 19 for defined terms.

$\overline{4}$ Do the ⁺securities rank equally in all respects from the ⁺issue date with an existing ⁺class of quoted ⁺securities?

If the additional ⁺securities do not rank equally, please state:

• the date from which they do
• the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment
• the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment
• 5 Issue price or consideration
• 6 Purpose of the issue (If issued as consideration for the acquisition of assets, clearly identify those assets)
• Is the entity an ⁺eligible entity 6a that has obtained security holder approval under rule 7.1A?

If Yes, complete sections 6b - 6h in relation to the ⁺securities the subject of this Appendix 3B, and comply with section 6i

• 6b The date the security holder resolution under rule 7.1A was passed
• Number of ⁺securities issued 6c without security holder approval under rule 7.1

• Number of ⁺securities issued with 6d security holder approval under rule 7.1A

• $(a)$ Yes.

• (b) No, if the options are exercised the resulting shares will rank pari passu with existing fully paid ordinary shares.

$(a)$ \$0.002 per share. $(b)$ Nil.

Shares and options to be issued pursuant to a pro rata accelerated non-renounceable entitlement issue.

No.

⁺ See chapter 19 for defined terms.

• Number of ⁺securities issued with $6e$ security holder approval under rule 7.3, or another specific security holder approval (specify date of meeting)
• Number of ⁺securities issued 6f under an exception in rule 7.2
• If ⁺securities issued under rule 6g 7.1A, was issue price at least 75% of 15 day VWAP as calculated under rule 7.1A.3? Include the ⁺issue date and both values. Include the source of the VWAP calculation.
• If ⁺securities were issued under 6h rule 7.1A for non-cash consideration, state date on which valuation of consideration was released to ASX Market Announcements
• Calculate the entity's remaining 6i issue capacity under rule 7.1 and rule 7.1A - complete Annexure 1 and release to ASX Market Announcements
• $\overline{7}$ ⁺ Issue dates

Note: The issue date may be prescribed by ASX (refer to the definition of issue date in rule 19.12). For example, the issue date for a pro rata entitlement issue must comply with the applicable timetable in Appendix 7A.

Cross reference: item 33 of Appendix 3B.

15 May 2015 for the institutional component of the offer.

4 June 2015 for the retail component of the offer.

⁺ See chapter 19 for defined terms.

Number and ⁺class of all 8 ⁺securities quoted on ASX (including the ⁺securities in section 2 if applicable)

$\boldsymbol{9}$

Number	+ Class
2,478,994,199	Fully paid ordinary
	shares.
318,377,195	Options exercisable at \$0.006 on or before 30 June 2015.
225,363,109	Options exercisable at \$0.004 on or before 4 June 2016.
10,000,000	Retention rights vesting 14 May 2015.
10,000,000	Performance rights expiring 1 January 2016.

$10$ Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests)

Number and ⁺class of all ⁺securities not quoted on ASX (including the ⁺securities in section 2 if applicable)

$\overline{\phantom{a}}$		N/A
--------------------------	--	-----

• See chapter 19 for defined terms.

Part 2 - Pro rata issue

11	Is security holder approval required?	No.
12	Is the issue renounceable or non- renounceable?	Non-renounceable.
13	Ratio in which the + securities will be offered	One share for every ten existing shares held together with one option for every share subscribed for.
14	+ Class of + securities to which the offer relates	(a) Fully paid ordinary shares. Options exercisable at \$0.004 (b) on or before 4 June 2016.
15	+ Record date to determine entitlements	11 May 2015.
16	Will holdings on different registers (or subregisters) be aggregated for calculating entitlements?	No.
17	Policy for deciding entitlements in relation to fractions	Fractional entitlements will be rounded up to the nearest whole number.
18	Names of countries in which the entity has security holders who will not be sent new offer documents Note: Security holders must be told how their entitlements are to be dealt with.	Only shareholders with a registered address in Australia or New Zealand are eligible to participate.
	Cross reference: rule 7.7.
19	Closing date for receipt of acceptances or renunciations	7 May 2015 for the institutional component of the offer.
		28 May 2015 for the retail component of the offer.

$\hat{\mathcal{A}}$

⁺ See chapter 19 for defined terms.

21	Amount of any underwriting fee or commission
22	Names of any brokers to the issue
23	Fee or commission payable to the broker to the issue
24	Amount of any handling fee payable to brokers who lodge acceptances or renunciations on behalf of security holders
25	If the issue is contingent on security holders' approval, the date of the meeting
26	Date entitlement and acceptance form and offer documents will be sent to persons entitled
27	If the entity has issued options, and the terms entitle option holders to participate on exercise, the date on which notices will be sent to option holders
28	Date rights trading will begin (if applicable)
29	Date rights trading will end (if applicable)
30	How do security holders sell their entitlements in full through a broker?

Names of any underwriters

How do security holders sell part $31$

20

Triple Eight Gold Pty Ltd as trustee for the Blue Sky Trust.

Lone Hand & Associates Pty Ltd as trustee for the Houldsworth-Moffett Family Trust.

EJ & HC Vickery as trustees for Vickery Superannuation Fund.

$N/A$

$N/A$

$N/A$

$N/A$

$N/A$

14 May 2015.

$N/A$

$N/A$

$N/A$

$N/A$

$\big| N/A$

⁺ See chapter 19 for defined terms.

of their entitlements through a broker and accept for the balance?

How do security holders dispose 32 of their entitlements (except by sale through a broker)?

_________		_________

$N/A$

⁺ See chapter 19 for defined terms.

Part 3 - Quotation of securities

You need only complete this section if you are applying for quotation of securities

• 34 Type of ⁺securities (tick one)
• ⁺Securities described in Part 1 $(a)$
• $\Box$ All other ⁺securities $(b)$

Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities

Entities that have ticked box 34(a)

Additional securities forming a new class of securities

Tick to indicate you are providing the information or documents

• If the ⁺securities are ⁺equity securities, the names of the 20 largest 35 $\Box$ holders of the additional ⁺securities, and the number and percentage of additional ⁺securities held by those holders
• If the ⁺securities are ⁺equity securities, a distribution schedule of the 36 $\Box$ additional ⁺securities setting out the number of holders in the categories $1 - 1,000$ $1,001 - 5,000$ $5,001 - 10,000$ 10,001 - 100,000 100,001 and over
• 37 $\Box$ A copy of any trust deed for the additional ⁺securities

Entities that have ticked box 34(b)

• 38 Number of ⁺securities for which ⁺quotation is sought
• ⁺Class of ⁺securities for 39 which quotation is sought

⁺ See chapter 19 for defined terms.

• Do the ⁺securities rank 40 equally in all respects from the ⁺issue date with an existing ⁺class of quoted ⁺securities? If the additional ⁺securities do not rank equally, please state: • the date from which they do • the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment the extent to which they do $\bullet$ not rank equally, other than in relation to the next dividend, distribution or interest payment 41 Reason for request for quotation now Example: In the case of restricted securities, end of restriction period (if issued upon conversion of another ⁺security, clearly identify that other ⁺security)
• Number and ⁺class of all 42 ⁺securities quoted on ASX (including the ⁺securities in clause 38)

+ Class

Quotation agreement

• ⁺Quotation of our additional ⁺securities is in ASX's absolute discretion. $\mathbf{1}$ ASX may quote the ⁺securities on any conditions it decides.
• $\overline{2}$ We warrant the following to ASX.
• The issue of the ⁺securities to be quoted complies with the law and is not for an illegal purpose.
• There is no reason why those ⁺securities should not be granted ⁺quotation.
• An offer of the ⁺securities for sale within 12 months after their issue will not require disclosure under section 707(3) or section 1012C(6) of the Corporations Act.

Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty

• Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any ⁺ securities to be quoted and that no-one has any right to return any *securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the ⁺securities be quoted.
• If we are a trust, we warrant that no person has the right to return the ⁺securities to be quoted under section 1019B of the Corporations Act at the time that we request that the ⁺securities be quoted.
• 3 We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement.
• $\overline{4}$ We give ASX the information and documents required by this form. If any information or document is not available now, we will give it to ASX before ⁺quotation of the ⁺securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete.

Sign here:

Date: 6 May 2015

Print name:

Director)

⁺ See chapter 19 for defined terms.