EQ RESOURCES LIMITED — Capital/Financing Update 2017

Mar 27, 2017

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ASX ANNOUNCEMENT

28 March 2017

Company Announcements Office ASX Limited Exchange Centre Level 4, 20 Bridge Street SYDNEY NSW 2000

NOTICE UNDER SECTION 708A(5) OF THE CORPORATONS ACT 2001

Carbine Tungsten Limited (ASX:CNQ, “the Company”) has issued 62,000,000 ordinary shares for the total consideration of $806,000 (before costs) at an issue price of $0.013 per share to institutional and sophisticated investors.

Accordingly, the Company gives notice under section 708A(5)(e) of the Corporations Act 2001 (Cth) (the Act) that:

• a) The abovementioned securities were issued without disclosure to investors under Part 6D.2 of the Act.

• b) As at the date of this notice, the Company has complied with:

  • (i) The provisions of Chapter 2M of the Act as they apply to the Company; and,

  • (ii) Section 674 of the Act; and

• c) As at the date of this notice, there is no information that is ‘excluded information’ within the meaning of sections 708A(7) and 708A(8) of the Act that is reasonable for investors and their professional advisors to find in a disclosure document.

Yours faithfully

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David Clark

Company Secretary

Carbine Tungsten Limited ACN 115 009 106 Registered Office: Level 2, 420 Collins Street, MELBOURNE VIC 3000 – P.O. Box 1496, MAREEBA, QLD 4880 Telephone: +61 (0)3 8687 2176 - Facsimile: +61 (0)7 4094 3036

www.carbinetungsten.com.au

(ASX: CNQ)