DREADNOUGHT RESOURCES LTD — Share Issue/Capital Change 2015

Sep 10, 2015

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Australian Securities Exchange Announcement

11 September 2015

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

Proposed Share Consolidation

Tychean Resources Limited (ASX:TYK) ( Company ) is pleased to announce that it intends to seek approval for a 1 for 10 consolidation of the capital of the Company ( Consolidation ) at the Company's annual general meeting to be held on 21 October 2015.

The Consolidation applies equally to all shareholders and as such, individual shareholdings will be reduced in the same ratio as the total number of shares (subject to rounding). Accordingly, the Consolidation will have no effect on the percentage interest in the Company of each shareholder.

The Company currently has approximately 2.5 billion shares on issue, which is relatively large for a company of its size. The Consolidation will reduce the number of shares on issue to approximately 250 million, creating a more efficient capital structure.

Should the Consolidation be approved, the number of options on issue and the exercise price of those options will also be adjusted in accordance with the ASX Listing Rules.

Further details in relation to the Consolidation will be provided to the Company’s shareholders in the notice of annual general meeting, which will be mailed to all shareholders.

Tychean Resources Limited ACN 119 031 864 | Level 3, 100 Pirie Street, Adelaide SA 5000 | Phone 61 8 7324 3195| Fax 61 8 8312 5576| Email info@tycheanresources.com | web www.tycheanresources.com

9234898

2

Subject to shareholders approving the Consolidation at the Company's Annual General Meeting, the key dates for the Consolidation are as follows:

	eeting, the key dates for the Consoli	dation are as follows:
	ACTI	ON		DAT	E
	Annual general meeting of shareholders.			21 Octob	er 2015
	The Company tells ASX that secreorganisation.	urity holders have ap	proved the	21 Octob	er 2015
	If the details of holdings change as a retrading in pre-reorganised securities.	sult of the reorganisation	, last day for	22 Octob	er 2015
	If the details of holdings change as a rthe reorganised securities on a deferred	esult of the reorganisatiosettlement basis starts.	n, trading in	23 Octob	er 2015
	If the details of holdings change as a rethe Company to register transfers on a p	sult of the reorganisationre-reorganisation basis.	, last day for	27 Octob	er 2015
	If the details of holdings change as a res•First day for entity to send notic•In the case of uncertificated horegister securities on a post-reissue of holding statements.•In the case of certificated hcertificates. From now on, the Cby a certificate that was issued b	lt f th iti		28 Ot	er 2015
		u o e reorgansaon:		co
		e to each security holder.ldings, first day for theorganisation basis andoldings, first day for isompany rejects transfersefore the reorganisation.	Company tofirst day forsue of newaccompanied
	If the details of holdings change as a res•Issue date. Deferred settlement•Last day for securities to beholdings. If securities are certiissue them and send the certific•Last day for the Company to se	ult of the reorganisation:market ends.		4 Novemb	er 2015
		entered into the hold	ers’ security
		ficated, last day for the	Company to
		ates to the holders.nd notice to each security	holder
	Normal trading starts.			5 Novemb	er 2015

Kaitlin Smith

Company Secretary