DREADNOUGHT RESOURCES LTD — Share Issue/Capital Change 2021

Aug 31, 2021

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

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Announcement Summary

Entity name

DREADNOUGHT RESOURCES LTD

Date of this announcement

Wednesday September 01, 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	2,000,000 Unlisted Employee Options with an	2,000,000	31/08/2021
to be confirmed	exercise price of $0.06 expiring 11 August 2024

Refer to next page for full details of the announcement

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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

DREADNOUGHT RESOURCES LTD

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

40119031864

1.3 ASX issuer code

DRE

1.4 The announcement is

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New announcement

1.5 Date of this announcement

1/9/2021

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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")

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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

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ASX +security code +Security description
New class - code to be confirmed 2,000,000 Unlisted Employee Options with an
exercise price of $0.06 expiring 11 August 2024
+Security type ISIN code
Options
Date the +securities the subject of this notification were issued
31/8/2021
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?
No
Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under
listing rule 6.1?
No
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being
issued.
-
https://www.investi.com.au/api/announcements/dre/c51f7402 e6a.pdf
Options Details
+Security currency Exercise price Expiry date
AUD - Australian Dollar AUD 0.06000000 11/8/2024
Details of the existing class of +security that will be issued upon exercise or conversion of this new class of
company option
Other
Description
ASX:DRE
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://www.investi.com.au/api/announcements/dre/c51f7402 e6a.pdf
Any other information the entity wishes to provide about the +securities the subject of this notification
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Issue details

Number of +securities

2,000,000

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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
DRE : ORDINARY FULLY PAID	2,597,382,670
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
DREAD : OPTION EXPIRING 30-JUN-2024 EX 0.5C	6,500,000
DREAA : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES	50,000,000
DREAF : OPTION EXPIRING 01-OCT-2023 EX $0.01	5,500,000
DREAG : OPTION EXPIRING 30-JUN-2025 EX $0.0098	5,479,452
DREAH : OPTION EXPIRING 31-OCT-2023 EX $0.02	1,500,000
DREAI : OPTION EXPIRING 02-JUL-2024 EX $0.04	11,500,000
New class - code to be confirmed : 2,000,000 Unlisted Employee Options with an exercise	2,000,000
price of $0.06 expiring 11 August 2024

4.2 Unquoted +Securities (Total number of each +class of +securities issued but not quoted on ASX)

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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? No

5.2b Are any of the +securities being issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1? No

5.2c Are any of the +securities being issued without +security holder approval using the entity's additional 10% placement capacity under listing rule 7.1A (if applicable)? No

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