EMU NL — Capital/Financing Update 2020

Oct 6, 2020

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----- Start of picture text ----- Emu NLPlacement Completed7 October 2020----- End of picture text -----

EMU NL ( EMU or Company ) is pleased to announce that it has completed a placement of shares to raise $1,065,000 before costs with the proceeds being applied to assist with the acquisition of certain tenements in Western Australia and progressing exploration at its 8 Mile Dam project.

The Company has today issued 35,500,000 fully paid ordinary shares (“ New Shares ”) at $0.03 each to sophisticated and professional investors. The New Shares will be listed on ASX and will rank equally with the existing fully paid ordinary shares.

The Placement was made within the Company’s existing pre-approved Listing Rule 7.1A placement capacity as to 29,800,544 Shares and within its Listing Rule 7.1 placement capacity as to 5,699,456 Shares.

Section 708A(5)(e) Cleansing Notice

Emu has today issued 35,500,000 fully paid ordinary shares ( Securities ).

The Company hereby notifies ASX under paragraph 708A(5)(e) of the Corporations Act 2001 ( Act ) that:

• (a) the Company issued the Securities without disclosure to investors under Part 6D.2 of the Act;

• (b) as at the date of this notice the Company has complied with the provisions of Chapter 2M of the Act as they apply to the Company, and section 674 of the Act; and

• (c) as at the date of this notice there is no information (‘excluded information ’ ):

  • i) that has been excluded from a continuous disclosure notice in accordance with the ASX Listing Rules; and

  • ii) that investors and their professional advisers would reasonably require for the purpose of making an informed assessment of:

    • A. the assets and liabilities, financial position and performance, profits and losses and prospects of the Company; or

    • B. the rights and liabilities attaching to the Securities.

RELEASE AUTHORISED BY THE BOARD

Contact Details: Doug Grewar - Office: +61 8 9226 4266; Mobile: 0419 833 604

E info@emunl.com.au

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