EQUATORIAL RESOURCES LIMITED — Share Issue/Capital Change 2024

Sep 19, 2024

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

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Announcement Summary

Entity name

EQUATORIAL RESOURCES LIMITED

Date of this announcement

Friday September 20, 2024

The +securities the subject of this notification are: Other

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 incentive options exercisable at $0.20	1,800,000	20/09/2024
to be confirmed	each, expiring 30 September 2027.
New class - code	Unlisted incentive options exercisable at $0.30	1,800,000	20/09/2024
to be confirmed	each, expiring 30 September 2028.

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

EQUATORIAL 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 ABN 50009188694

1.3 ASX issuer code

EQX

1.4 The announcement is

New announcement

1.5 Date of this announcement

20/9/2024

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

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Part 2 - Issue details

2.1 The +securities the subject of this notification are:

Other

Please specify

Issue of unquoted incentive options to key employees and consultants of the Company.

2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which:

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)

New +securities

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ASX +security code +Security description
New class - code to be confirmed Unlisted incentive options exercisable at $0.20 each,
expiring 30 September 2027.
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ASX +security code New class - code to be confirmed	+Security description Unlisted incentive options exercisable at $0.20 each, expiring 30 September 2027.
+Security type	ISIN code
Options
Date the +securities the subject of this notification were issued
20/9/2024
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.

Options Details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.20000000 30/9/2027

Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option

EQX : ORDINARY FULLY PAID

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

Please provide any further information needed to understand the circumstances in which you are notifying the issue of these +securities to ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B

Issue of 1,800,000 unlisted incentive options to key employees and consultants of the Company exercisable at $0.20 each, expiring 30 September 2027.

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

Issue details

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Number of +securities

1,800,000

Were the +securities issued for a cash consideration?

No

Please describe the consideration being provided for the +securities

Issue of 1,800,000 unlisted incentive options to key employees and consultants of the Company exercisable at $0.20 each, expiring 30 September 2027.

Purpose of the issue

To pay for services rendered

Additional Details

New +securities

ASX +security code +Security description

New class - code to be confirmed Unlisted incentive options exercisable at $0.30 each, expiring 30 September 2028. +Security type ISIN code Options

Date the +securities the subject of this notification were issued

20/9/2024

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.

Options Details

+Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.30000000 30/9/2028

Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option

EQX : ORDINARY FULLY PAID

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

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

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Please provide any further information needed to understand the circumstances in which you are notifying the issue of these +securities to ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B

Issue of 1,800,000 unlisted incentive options to key employees and consultants of the Company exercisable at $0.30 each, expiring 30 September 2028.

Issue details

Number of +securities

1,800,000

Were the +securities issued for a cash consideration?

No

Please describe the consideration being provided for the +securities

Issue of 1,800,000 unlisted incentive options to key employees and consultants of the Company exercisable at $0.30 each, expiring 30 September 2028.

Purpose of the issue

To pay for services rendered

Additional Details

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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
EQX : ORDINARY FULLY PAID	131,445,353

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
EQXAF : PERFORMANCE RIGHTS	500,000
EQXAD : OPTION EXPIRING 09-JUN-2026 EX $0.40	2,000,000
EQXAE : OPTION EXPIRING 09-JUN-2026 EX $0.50	2,000,000
New class - code to be confirmed : Unlisted incentive options exercisable at $0.20 each,	1,800,000
expiring 30 September 2027.
New class - code to be confirmed : Unlisted incentive options exercisable at $0.30 each,	1,800,000
expiring 30 September 2028.

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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? No

5.2 Has the entity obtained, or is it obtaining, +security holder approval for the issue under listing rule 7.1? No

5.2b Are any of the +securities being issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1? Yes

5.2b.1 How many +securities are being issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1?

Issue of 3,600,000 unlisted incentive options.

5.2c Are any of the +securities being issued without +security holder approval using the entity's additional 10% placement capacity under listing rule 7.1A (if applicable)? No

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