FIRST LITHIUM LIMITED — Interim / Quarterly Report 2017

Apr 18, 2017

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LIMITED
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ACN: 009 081 770

ASX ANNOUNCEMENT 19 April 2017

ACTIVITIES REPORT FOR THE QUARTER ENDED 31 MARCH 2017

Highlights

• Akela makes first revenue of $33,000

• Completes allocation in ServTech Global’s Initial Public Offering (IPO) capital raising

• Secures allocation in G Medical Innovations Holdings’ IPO capital raising

• Strong pipeline of future offerings

Ookami Limited (ASX: OOK) provides the following update on the Company’s activities during the quarter ended 31 March 2017.

Akela Capital Pty Ltd

The Company’s wholly owned subsidiary, Akela Capital Pty Ltd (“Akela”), has generated its first revenue of $33,000 in the March Quarter. During the quarter, it completed an allocation for its platform’s subscribers in the IPO’s for both eSense Lab Ltd (eSense) and for ServTech Global (ServTech), as well as securing an allocation for its platform’s subscribers in the IPO for G Medical Innovations Holdings Ltd (G Medical). Otsana Capital is Lead Manager to this offer.

Previous offerings on the platform allowed Akela to ‘beta’ test the web application and further adapt the system as needed. Since this time, the high user traffic, streaming and sign-up rates, as a result of the subsequent two offerings (ServTech and G Medical), have demonstrated to Akela’s satisfaction, that the platform is stable, robust and highly scalable.

Now officially launched, the platform will continue to advance its monetisation opportunities, and continue exploring complimentary technologies to its platform, including security applications, encryption and block-chain, integrated advertising solutions and analytic offerings.

The development of the Mobile App and multi-tenant solution has progressed on schedule and budget, with the mobile App expected to be released within the next quarter.

Discussions remain ongoing with strategic and prominent financial service providers and AFSL licence holders in relation to new offerings and participation in the closed ecosystem.

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Individuals and entities are now able to register on the platform to gain access to current and future offerings at www.akela.vc

108 Outram Street, West Perth, WA 6005 PO Box 1974, West Perth, WA 6872 Tel: (08) 9486 7244 Fax: (08) 9463 6373

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LIMITED
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ACN: 009 081 770

Corporate

As announced on 9 January 2017, the following securities were released from escrow on 23 January 2017:

3,952,941 Fully Paid Ordinary Shares 3,952,941 Unlisted Options exercisable at $0.03 each on or before 29 January 2019.

For further information, please contact: Shannon Coates Tel: (08) 9322 1587

108 Outram Street, West Perth, WA 6005 PO Box 1974, West Perth, WA 6872 Tel: (08) 9486 7244 Fax: (08) 9463 6373

Appendix 4C Quarterly report for entities subject to Listing Rule 4.7B

+Rule 4.7B

Appendix 4C

Quarterly report for entities subject to Listing Rule 4.7B

Introduced 31/03/00 Amended 30/09/01, 24/10/05, 17/12/10, 01/09/16

Name of entity

OOKAMI LIMITED (OOK)

ABN

67 009 081 770

Quarter ended (“current quarter”)

31 March 2017

Consolidated statement of cash flows	Current quarter $A’000	Year to date (9 months) $A’000
1. Cash flows from operating activities 1.1 Receipts from customers 1.2 Payments for (a) research and development -technology expense (b) business development and marketing (d) leased assets (e) staff and board remuneration (f) administration and corporate costs 1.3 Dividends received (see note 3) 1.4 Interest received 1.5 Interest and other costs of finance paid 1.6 Income taxes paid 1.7 Government grants and tax incentives 1.8 Other (provide details if material) 1.9 Net cash (used in) operating activities	33 (106) - - (20) (63) - - 4 - - -	33 (198) - - (56) (196) - - 16 - - -
	(152)	(401)
2. Cash flows from investing activities 2.1 Payments to acquire: (a) property, plant and equipment (b) businesses (see item 10) (c) investments (d) intellectual property (e) other non-current assets	- - - - -	- - - - -

• See chapter 19 for defined terms

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Appendix 4C Quarterly report for entities subject to Listing Rule 4.7B

Consolidated statement of cash flows	Current quarter $A’000	Year to date (9 months) $A’000
2.2 Proceeds from disposal of: (a) property, plant and equipment (b) businesses (see item 10) (c) investments - shares (d) intellectual property (e) other non-current assets 2.3 Cash flows from loans to other entities 2.4 Dividends received (see note 3) 2.5 Other (provide details if material) 2.6 Net cash from / (used in) investing activities	- - - - - - - -	- - - - - - - -
	-	-
3. Cash flows from financing activities 3.1 Proceeds from issues of shares 3.2 Proceeds from issue of convertible notes 3.3 Proceeds from exercise of share options 3.4 Transaction costs related to issues of shares, convertible notes or options 3.5 Proceeds from borrowings 3.6 Repayment of borrowings 3.7 Transaction costs related to loans and borrowings 3.8 Dividends paid 3.9 Other (provide details if material) 3.10 Net cash (used in) financing activities	- - - - - - - - -	- - - - - - - - -
	-	-
4. Net (decrease) in cash and cash equivalents for the period	(152)	(401)
4.1 Cash and cash equivalents at beginning of quarter/year to date 2,893 3,142 4.2 Net cash (used in) operating activities (item 1.9 above) (152) (401) 4.3 Net cash from / (used in) investing activities (item 2.6 above) - - 4.4 Net cash (used in) financing activities (item 3.10 above) - -

• See chapter 19 for defined terms

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Appendix 4C Quarterly report for entities subject to Listing Rule 4.7B

4.5 Effect of movement in exchange rates on cash held 4.6 Cash and cash equivalents at end of quarter	-	-	-
	2,741	2,741
5. Reconciliation of cash and cash equivalents at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts	Current quarter $A’000		Previous quarter $A’000
5.1 Bank balances 5.2 Call deposits 5.3 Bank overdrafts 5.4 Other (provide details) 5.5 Cash and cash equivalents at end of quarter (should equal item 4.6 above)	2,721 20 - -		2,873 20 - -
	2,741		2,893
6. Payments to directors of the entity and their associates Current quarter $A'000 6.1 Aggregate amount of payments to these parties included in item 1.2 18 6.2 Aggregate amount of cash flow from loans to these parties included in item 2.3 - 6.3 Include below any explanation necessary to understand the transactions included in items 6.1 and 6.2
		Current quarter $A'000
		18
		-
Payment for non-executive director fees.

7.	Payments to related entities of the entity and their	Current quarter
	associates	$A'000
7.1	Aggregate amount of payments to these parties included in item 1.2	15
7.2	Aggregate amount of cash flow from loans to these parties included	-
	in item 2.3
7.3	Include below any explanation necessary to understand the transactions included in items 7.1
	and 7.2
Payment for office rent and technology consultancy fees.

• See chapter 19 for defined terms

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Appendix 4C Quarterly report for entities subject to Listing Rule 4.7B

8. Financing facilities available Add notes as necessary for an understanding of the position 8.1 Loan facilities 8.2 Credit standby arrangements 8.3 Other (please specify)	Total facility amount at quarter end $A’000	Amount drawn at quarter end $A’000
	-	-
	-	-
	-	-

• 8.4 Include below a description of each facility above, including the lender, interest rate and whether it is secured or unsecured. If any additional facilities have been entered into or are proposed to be entered into after quarter end, include details of those facilities as well.

9. Estimated cash outflows for next quarter	$A’000
9.1 Research and development – technology expense 9.2 Product manufacturing and operating costs 9.3 Advertising and marketing 9.4 Leased assets 9.5 Staff and board remuneration 9.6 Administration and corporate costs 9.7 Other (provide details if material) 9.8 Total estimated cash outflows	45 - 9 - 18 31 -
	103

10. Acquisitions and disposals of business entities (items 2.1(b) and 2.2(b) above)	Acquisitions	Disposals
10.1 Name of entity	-	-
10.2 Place of incorporation or registration	-	-
10.3 Consideration for acquisition or disposal	-	-
10.4 Total net assets	-	-
10.5 Nature of business	-	-

• See chapter 19 for defined terms

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Appendix 4C Quarterly report for entities subject to Listing Rule 4.7B

Compliance statement

• 1 This statement has been prepared in accordance with accounting standards and policies which comply with Listing Rule 19.11A.

• 2 This statement gives a true and fair view of the matters disclosed.

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Sign here: ............................................................ ( ~~Director/C~~ ompany secretary)

19 April 2017

Date: .............................................

Print name: Shannon Coates

Notes

1. The quarterly report provides a basis for informing the market how the entity’s activities have been financed for the past quarter and the effect on its cash position. An entity that wishes to disclose additional information is encouraged to do so, in a note or notes included in or attached to this report.

2. If this quarterly report has been prepared in accordance with Australian Accounting Standards, the definitions in, and provisions of, AASB 107: Statement of Cash Flows apply to this report. If this quarterly report has been prepared in accordance with other accounting standards agreed by ASX pursuant to Listing Rule 19.11A, the corresponding equivalent standard applies to this report.

3. Dividends received may be classified either as cash flows from operating activities or cash flows from investing activities, depending on the accounting policy of the entity.

4. See chapter 19 for defined terms

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