ESTRELLA RESOURCES LIMITED — Share Issue/Capital Change 2022

Apr 13, 2022

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

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Announcement Summary

Entity name

ESTRELLA RESOURCES LIMITED

Date of this announcement

Thursday April 14, 2022

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	Unquoted options exercisable at $0.06 and	20,000,000	14/04/2022
to be confirmed	expiring 13 April 2025

Refer to next page for full details of the announcement

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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

ESTRELLA 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

39151155207

1.3 ASX issuer code

ESR

1.4 The announcement is

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New announcement

1.5 Date of this announcement

14/4/2022

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Part 2 - Issue details

2.1 The +securities the subject of this notification are:

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Other

Please specify

Unquoted options issued pursuant to a corporate advisory mandate with LoftusLane Capital Partners

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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New +securities
ASX +security code +Security description
New class - code to be confirmed Unquoted options exercisable at $0.06 and expiring 13
April 2025
+Security type ISIN code
Options
Date the +securities the subject of this notification were issued
14/4/2022
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 0.06000000 13/4/2025
Details of the existing class of +security that will be issued upon exercise or conversion of this new class of
company option
Other
Description
Fully paid ordinary share (ASX: ESR)
Any other information the entity wishes to provide about the +securities the subject of this notification
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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

N/A

Issue details

Number of +securities

20,000,000

Were the +securities issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities Corporate advisory services Purpose of the issue To pay for services rendered

Additional Details

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

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Part 4 - +Securities on issue

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
ESR : ORDINARY FULLY PAID	1,200,681,540
ESROA : OPTION EXPIRING 31-JUL-2023	239,363,575
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
ESRAM : OPTION EXPIRING 20-NOV-2022 EX 3C	11,500,000
ESRAO : OPTION EXPIRING 17-NOV-2023 EX $0.20	16,600,000
ESRAAB : OPTION EXPIRING 01-JUN-2022 EX $0.05	5,000,000
ESRAAC : OPTION EXPIRING 21-JAN-2025 EX $0.06	25,750,000
ESRAAA : OPTION EXPIRING 30-JUN-2022 EX $0.10	10,000,000
New class - code to be confirmed : Unquoted options exercisable at $0.06 and expiring 13	20,000,000
April 2025

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

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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?

20,000,000 unquoted 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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