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EV RESOURCES LTD Capital/Financing Update 2024

Jul 25, 2024

64887_rns_2024-07-25_c29c9838-171c-4288-a6f7-ae83c2bffb58.pdf

Capital/Financing Update

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ASX ANNOUNCEMENT 26[th] July 2024

Notification of Expiry of Listed Options (ASX: EVRO)

EV Resources Limited (ASX: EVR) (“ EVR ”, or “ the Company ”) advises that the Company’s listed options exercisable at $0.045 each (ASX:EVRO) expire on Saturday, 31 August 2024.

The Company notes that the Listed Options are “out of the money” and does not anticipate holders exercising and converting the options. The Company intends to rely on clause 5.3 of Appendix 6A of the Listing Rules and will not send out a personalised notice to the holders of these Listed Options.

The following information is provided pursuant to Appendix 6A, section 5 of the ASX Listing Rules:

a) Number of EVRO Listed Options on issue: 108,333,332
b) Conversion terms: On exercise, each EVRO Listed Option converts into one (1) fully paid ordinary share in the Company.
c) Conversion or exercise price: $0.045 per EVRO Listed Option.
d) Due date for exercise and payment: 5:00pm (WST) on 31 August 2024.
e) Consequences of not exercising the option: your EVRO Listed Options will lapse and be cancelled, in which case you will no longer be able to exercise the EVRO Listed Options.
f) Date that quotation of the options will end: close of trading on 26[th] August 2024.
g) Latest available market price of ordinary shares: $0.005 on 25[th] July 2024.

h) Highest and lowest market price of ordinary shares during the 3 months before this letter :

a) highest—$0.01 on 8[th] , 14[th] and 20[th] May 2024; and
b) lowest—$0.005 on 13[th] , 17[th] ,18[th] , 21[st] , 24[th] June and 26[th] June to 25[th] July 2024
i) Details of any underwriting agreement: There is no underwriting.

ENDS

evresources.com.au