EV RESOURCES LTD — Capital/Financing Update 2017

Dec 26, 2017

ASX ANNOUNCEMENT

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TO BE RENAMED JADAR LITHIUM LIMITED

27 December 2017

Pre-reinstatement disclosure

South East Asia Resources Limited ( to be renamed Jadar Lithium Limited ) (ASX: SXI, proposed JDR) ( Company ) makes the following pre-reinstatement disclosure in accordance with the reinstatement conditions received from ASX.

Capitalised terms in this announcement not otherwise defined have the meaning ascribed in the Company’s replacement prospectus dated 17 October 2017 (the Prospectus ).

The Company confirms:

• the conditions of the Public Offer and the Secondary Offers have been satisfied, the offers are now closed and the Company has completed the issue of all securities under the Public Offer and Secondary Offers;

• the effectuation of the DOCA, including the payment of $370,000;

• the issue of up to 24,850,000 shares at $0.02 per share to raise up to $497,000;

• the satisfaction of the conditions precedent and completion of the Acquisition Agreements;

• there have been no material subsequent events to alter the Company’s consolidated statement of financial position as detailed in the Prospectus;

• that other than as disclosed in the Prospectus, there are no legal, regulatory or contractual impediments to the Company entering the land described as the ‘Serbian Lithium Projects’ as set out at pages 40 to 45 of the Prospectus and carrying out exploration activities such that the Company will be able to spend its cash in accordance with its commitments for the purposes of Listing Rule 1.3.2(b) (Commitments) and nothing has come to the Company’s attention to make it believe that it will not be able to carry out its Commitments.

• it is in compliance with the Listing Rules, and in particular, listing rule 3.1.

The Company advises the following securities are classified as restricted securities by the ASX, each for a period of 24 months commencing on the date the Company’s securities are reinstated to trading:

Number	Type
50,000,000	Fully paid ordinary shares
6,700,000	Unquoted Options (Exercise price $0.02, expiry 22 December 2020)

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The Company advises the following securities are classified as restricted securities by the ASX, each for a period of 12 months commencing on the date of issue (being 29 September 2017):

Number	Type
3,150,000	Fully paid ordinary shares

The Company advises the following securities are classified as restricted securities by the ASX, each for a period of 12 months commencing on the date of issue (being 22 December 2017):

Number	Type
63,550,000	Unquoted options (Exercise price $0.02, expiry	22	December	2020)

ENDS