EQ RESOURCES LIMITED — Share Issue/Capital Change 2024

Dec 19, 2024

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Announcement Summary

Entity name

EQ RESOURCES LIMITED

Date of this announcement

Friday December 20, 2024

The +securities the subject of this notification are:

+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B that are not quoted, and 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	CONVERTIBLE NOTES	3,000,000	29/11/2024
to be confirmed

Refer to next page for full details of the announcement

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Appendix 3G - 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

EQ 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 Registration number ACN 115009106

1.3 ASX issuer code

EQR

1.4 The announcement is

New announcement

1.5 Date of this announcement

20/12/2024

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Appendix 3G - 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 as part of a transaction or transactions previously announced to the market in an Appendix 3B that are not quoted, and are not intended to be quoted, on ASX

Previous Appendix 3B details:

Announcement Date and	Announcement Title	Selected Appendix 3B to submit quotation
Time		request
29-Nov-2024 10:05	New - Proposed issue of securities -	A placement or other type of issue
	EQR

2.3a.2 Are there any further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B?

No

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Part 3A - number and type of +securities the subject of this notification (existing class or new class) where issue has previously been notified to ASX in an Appendix 3B

Placement Details

ASX +security code and description new unquoted class of security Date the +securities the subject of this notification were issued 29/11/2024 Any other information the entity wishes to provide about the +securities the subject of this notification CONVERTIBLE NOTES Issue details

Number of +securities 3,000,000 Were the +securities issued for a cash consideration? Yes In what currency was the cash consideration being What was the issue price per +security? paid? AUD - Australian Dollar AUD 1.00000000

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Appendix 3G - 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)

ASX +security code New class - code to be confirmed	+Security description CONVERTIBLE NOTES	+Security description CONVERTIBLE NOTES
+Security type	ISIN code
+Convertible debt securities
Date the +securities the subject of this notification were issued
29/11/2024
Will all the +securities issued in this class rank equally in all respects from		their issue date?
Yes
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://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02887991-2A1565251
+Convertible debt securities Details
Type of +security
Non-convertible note or bond
+Security currency	Face value	Interest rate type
AUD - Australian Dollar	AUD 1.00000000	Fixed rate
Frequency of coupon/interest payments per year		First interest payment date
Annual
Interest rate per annum	Is the interest rate per annum estimated at this time?
9.00 %	No
s128F of the Income Tax Assessment Act status applicable to the +security
Not applicable
Is the +security perpetual (i.e. no maturity)?		Maturity date
No		29/11/2025
Select other feature(s) applicable to	the +security
Redeemable
Is there a first trigger date on which	a right of conversion, redemption, call
or put can be exercised (whichever is first)?
No
Details of the existing class of +security that will be issued if the securities		are converted, transformed or
exchanged
EQR : ORDINARY FULLY PAID

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

40M fully paid ordinary shares at a conversion price of $0.075 per convertible note, plus 10M unlisted options ex. $0.10 expiring one year from the date of issue (subject to shareholder approval).

Issue details

Number of +securities

3,000,000

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Part 4 - +Securities on issue

Following the issue, conversion or payment up of the +securities the subject of this notification, the +securities of the entity will comprise:

The figures in parts 4.1 and 4.2 below are automatically generated and may not reflect the entity's current issued capital if other Appendix 2A, Appendix 3G or Appendix 3H forms are currently with ASX for processing.

4.1 Quoted +securities (Total number of each +class of +securities issued and quoted on ASX)

	Total number of
ASX +security code and description	+securities on issue
EQR : ORDINARY FULLY PAID	2,237,532,451
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
EQRAO : OPTION EXPIRING 03-JUL-2026 EX $0.10	15,800,000
EQRAA : OPTION EXPIRING 18-JAN-2026 EX $0.10	78,000,000
EQRAR : OPTION EXPIRING 22-NOV-2026 EX $0.10	20,000,000
EQRAM : OPTION EXPIRING 07-NOV-2025 EX $0.065	19,451,674
EQRAP : CONVERTIBLE NOTES	750,000
EQRAS : OPTION EXPIRING 29-NOV-2027 EX $0.07	20,000,000
EQRAQ : OPTION EXPIRING 29-MAY-2027 EX $0.0675	103,452,002
EQRAN : OPTION EXPIRING 31-JAN-2026 EX $0.065	1,250,000
New class - code to be confirmed : CONVERTIBLE NOTES	3,000,000

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

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