ENCOUNTER RESOURCES LIMITED — Share Issue/Capital Change 2023

Jul 25, 2023

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

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Announcement Summary

Entity name

ENCOUNTER RESOURCES LIMITED

Date of this announcement

Wednesday July 26, 2023

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	Unlisted options exercisable at $0.677 and	400,000	25/07/2023
to be confirmed	expiring 24 July 2027

Refer to next page for full details of the announcement

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 1 - Entity and announcement details

1.1 Name of entity

ENCOUNTER RESOURCES LIMITED

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

47109815796

1.3 ASX issuer code

ENR

1.4 The announcement is

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New announcement

1.5 Date of this announcement

26/7/2023

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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 Unlisted options exercisable at $0.677 and expiring 24 July
2027
+Security type ISIN code
Options
Date the +securities the subject of this notification were issued
25/7/2023
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?
No
Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under
listing rule 6.1?
Yes
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being
issued.
Refer notice of meeting for 2021 AGM lodged with ASX 27 October 2021 for terms and conditions of the ompany's
Employee Share and Option Plan
https://announcements.asx.com.au/asxpdf/20211027/pdf/45265hdg6jchsy.pdf
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Options Details
+Security currency	Exercise price	Expiry date
AUD - Australian Dollar	AUD 0.67700000	24/7/2027
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 share (ENR)

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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

Refer notice of meeting for 2021 AGM lodged with ASX 27 October 2021 for terms and conditions of the ompany's Employee Share and Option Plan https://announcements.asx.com.au/asxpdf/20211027/pdf/45265hdg6jchsy.pdf

Any other information the entity wishes to provide about the +securities the subject of this notification

None

Issue details

Number of +securities

400,000

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Part 4 - +Securities on issue

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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
ENR : ORDINARY FULLY PAID	395,525,781
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
ENRAE : OPTION EXPIRING 28-FEB-2027 EX $0.208	500,000
ENRAO : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES	4,000,000
ENRAB : OPTION EXPIRING 26-NOV-2024 EX $0.222	2,450,000
ENRAD : OPTION EXPIRING 15-JAN-2027 EX $0.283	250,000
ENRAQ : OPTION EXPIRING 30-JUN-2024 EX $0.182	650,000
ENRAV : OPTION EXPIRING 27-MAR-2027 EX $0.175	100,000
ENRAT : OPTION EXPIRING 28-NOV-2025 EX $0.224	3,630,000
ENRAP : OPTION EXPIRING 31-OCT-2023 EX $0.162	5,050,000
ENRAU : OPTION EXPIRING 28-JUN-2026 EX $0.19	1,200,000
ENRAS : OPTION EXPIRING 30-APR-2025 EX $0.212	800,000
ENRAG : OPTION EXPIRING 13-JUL-2027 EX $0.592	400,000
ENRAC : OPTION EXPIRING 30-NOV-2026 EX $0.0268	3,980,000
ENRAF : OPTION EXPIRING 20-JUN-2027 EX $0.368	200,000

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

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

400,000

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New class - code to be confirmed : Unlisted options exercisable at $0.677 and expiring 24 July 2027

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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

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