DREADNOUGHT RESOURCES LTD — Share Issue/Capital Change 2023

Jun 13, 2023

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 June 14, 2023

The +securities the subject of this notification are:

+Securities issued under an +employee incentive scheme that are subject to a restriction on transfer and are not being quoted on ASX until the restriction ends

Total number of +securities to be issued/transferred

		Total number of
ASX +security		+securities to be
code	Security description	issued/transferred	Issue date
DREAN	PERFORMANCE RIGHTS	3,000,000	14/06/2023
New class - code	Unlisted options exercisable at $0.075 expiring 14	2,000,000	14/06/2023
to be confirmed	June 2026

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

14/6/2023

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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:

+Securities issued under an +employee incentive scheme that are subject to a restriction on transfer and are not being quoted on ASX until the restriction ends

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

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

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Part 3B - number and type of +securities the subject of this notification (existing class) where issue has not previously been notified to ASX in an Appendix 3B

Additional +securities in an existing class issued under an +employee incentive scheme

ASX +security code and description

DREAN : PERFORMANCE RIGHTS

Date the +securities the subject of this notification were issued

14/6/2023

Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class 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
Debra Ann Fullarton	Debra Ann Fullarton	3,000,000

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 - http://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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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Issue details

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Number of +securities

1,500,000

Number of +securities

1,500,000

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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

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New +securities issued under an +employee incentive scheme
ASX +security code +Security description
New class - code to be confirmed Unlisted options exercisable at $0.075 expiring 14 June
2026
+Security type ISIN code
Options
Date the +securities the subject of this notification were issued
14/6/2023
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
Debra Fullarton Debra Fullarton 2,000,000
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.
-
http://www.investi.com.au/api/announcements/dre/c51f7402 e6a.pdf
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Options Details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.07500000 14/6/2026 Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option Other

Description

Ordinary fully paid shares

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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

• http://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

Issue details

Number of +securities

2,000,000

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
DRE : ORDINARY FULLY PAID	3,327,728,220
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
DREAJ : OPTION EXPIRING 11-AUG-2024 EX $0.06	2,000,000
DREAD : OPTION EXPIRING 30-JUN-2024 EX 0.5C	1,500,000
DREAA : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES	30,000,000
DREAM : OPTION EXPIRING 16-DEC-2025 EX $0.1575	853,098
DREAN : PERFORMANCE RIGHTS	27,599,997
DREAK : OPTION EXPIRING 26-NOV-2024 EX $0.06	2,000,000
DREAI : OPTION EXPIRING 02-JUL-2024 EX $0.04	12,100,000
DREAO : OPTION EXPIRING 02-MAR-2026 EX $0.12	1,223,151
DREAL : OPTION EXPIRING 14-JUL-2025 EX $0.065	8,500,000
New class - code to be confirmed : Unlisted options exercisable at $0.075 expiring 14 June	2,000,000
2026

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? Yes

5.1a Select the number of the applicable exception in Listing Rule 7.2

13

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