FORTUNA METALS LTD — Share Issue/Capital Change 2015

Oct 26, 2015

Notification of Consolidation/Split

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Notification of Consolidation/Split

Announcement Summary

Entity name

FRONTIER RESOURCES LIMITED

Applicable security for the reorganisation

FNT ORDINARY FULLY PAID FNTAI OPTION EXPIRING 01-NOV-2017 EX 6.1C FNTAJ OPTION EXPIRING 02-DEC-2017 EX 1.1C

Announcement Type

New Announcement

Date of this announcement

Tuesday October 27, 2015

Reorganisation type

Security consolidation

Effective Date

Friday November 27, 2015

Record Date

Tuesday December 1, 2015

Issue Date

Tuesday December 8, 2015

Refer to below for full details of the announcement

Announcement Details

Part 1 - Entity and announcement details

1.1 *Name of +Entity

FRONTIER RESOURCES LIMITED

Registration Number

1.2 *Registered Number Type

ACN

095684389

1.3 *ASX issuer code

FNT

1.4 *The announcement is

New announcement

1.5 *Date of this announcement

Tuesday October 27, 2015

Notification of Consolidation/Split

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1.6 *Securities affected by the reorganisation

FNT ORDINARY FULLY PAID FNTAI OPTION EXPIRING 01-NOV-2017 EX 6.1C FNTAJ OPTION EXPIRING 02-DEC-2017 EX 1.1C

Part 2 - Approvals

2.1 *Are any of the below approvals required for the reorganisation before business day 0 of the timetable?

• Security holder approval Court approval Lodgement of court order with +ASIC ACCC approval

• FIRB approval

Another approval/condition external to the entity required to be given/met before business day 0 of the timetable for the reorganisation.

Yes

2.2 Approvals

Approval/Condition Date for determination Is the date estimated Approval +Security holder Wednesday or actual? received/condition approval November 25, 2015 Actual met? [Select...] Comments**

Part 3 - Reorganisation timetable and details

3.1 *+Record date

Tuesday December 1, 2015

3.2 Date of +security holder meeting

Wednesday November 25, 2015

3.3 Last day for trading in the pre-re-organised +securities

Thursday November 26, 2015

3.4 *Effective date. Trading in the re-organised securities commences on a +deferred settlement basis. If the +entity's securities are suspended from trading during this period there will be no +deferred settlement trading however ASX still captures this date. Friday November 27, 2015

3.5 Record date

Tuesday December 1, 2015

3.6 First day for +entity to send notices to +security holders of the change in the number of +securities they hold. First day for +entity to register +securities on a post-reorganised basis

Wednesday December 2, 2015

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3.7 *+Issue date. +Deferred settlement market ends. Last day for +entity to send notices to

+security holder of the change in the number of +securities they hold. Last day for +entity to register +securities on a post-reorganised basis

Tuesday December 8, 2015

3.8 Trading starts on a normal T+3 basis

Wednesday December 9, 2015

3.9 First settlement of trades conducted on a +deferred settlement basis and on a normal T+3 basis

Monday December 14, 2015

Part 4 - Reorganisation type and details

4.1 *The reorganisation is

+Security consolidation

4.1a *Consolidation ratio: the +securities will be consolidated on the basis that every

20

(pre-consolidation) +securities will be consolidated into

1

(post-consolidation) +security (/ies).

4.2 *Scrip fraction rounding

Fractions rounded up to the next whole number

Part 5 - +Securities on issue before and after reorganisation

5.1 *+Securities on issue before and after the reorganisation

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ASX +Security Code ASX +Security
FNT Description
ORDINARY FULLY
PAID
Quoted/unquoted Number on issue Number on issue after Estimate/Actual
Quoted before reorganisation reorganisation Estimated
581,971,496 29,098,575
ASX +Security Code ASX +Security
FNTAI Description
OPTION EXPIRING
01-NOV-2017 EX
6.1C
Quoted/unquoted Number on issue Number on issue after Estimate/Actual
Unquoted before reorganisation reorganisation Estimated
18,000,000 900,000
ASX +Security Code ASX +Security
FNTAJ Description
OPTION EXPIRING
02-DEC-2017 EX
1.1C
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	Quoted/unquoted Unquoted	Number on issue before reorganisation 10,000,000	Number on issue after reorganisation 500,000	Estimate/Actual Estimated

5.2 *Exercise price of options

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ASX +Security Code ASX +Security Description
FNTAI OPTION EXPIRING
01-NOV-2017 EX 6.1C
Quoted/unquoted Exercise price before Exercise price after
Unquoted reorganisation reorganisation
0.06100000 1.22000000
ASX +Security Code ASX +Security Description
FNTAJ OPTION EXPIRING
02-DEC-2017 EX 1.1C
Quoted/unquoted Exercise price before Exercise price after
Unquoted reorganisation reorganisation
0.01100000 0.22000000
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Part 6 - Further information

6.1 Further information relating to the reorganisation

6.2 Additional information for inclusion in the Announcement Summary

Notification of Consolidation/Split

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