GALAN LITHIUM LIMITED — Director's Dealing 2019

Dec 1, 2019

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ACN 149 349 646
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• 2 December 2019

LODGEMENT OF CHANGE OF DIRECTORS’ INTEREST NOTICE

Please find attached Change in Directors’ Interest Notices (Appendix 3Y) for four directors of Galan Lithium Limited.

Yours faithfully

Mike Robbins Company Secretary

_______________ Level 2, 38 Richardson Street, West Perth, WA 6005 PO Box 396, West Perth, WA, 6872 Ph. +61 8 9322 6283 Fax. +61 8 9322 6398 www.galanlithium.com.au

Appendix 3Y Change of Director’s Interest Notice

CAZRule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/2001.

Name of entity	GALAN LITHIUM LIMITED
ABN	87 149 349 646

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Terry Gardiner
Date of last notice	19 September 2019

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Direct
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Indirect (1): Gryphon Asset Management, a company in which Mr Gardiner is a director and shareholder Indirect (2): TJ & VH Gardiner (Terry Gardiner Super Fund A/C), an account in which Mr Gardiner is a beneficiary
Date of change	2 December 2019
No. of securities held prior to change	Direct: 1,486,457 Fully Paid Ordinary Shares 750,000 Options expiring 29/11/19 exercisable @ $0.15 27,777 Unlisted options expiring 31/8/20 exercisable @ $0.25 Indirect (1): 1,065,000 Fully Paid Ordinary Shares Indirect (2): 2,700,000 Fully Paid Ordinary Shares
Class	Fully Paid Ordinary Shares
Number acquired	750,000

• See chapter 19 for defined terms.

Appendix 3Y Page 1

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Appendix 3Y Change of Director’s Interest Notice

Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$112,500
No. of securities held after change	Direct: 2,236,457 Fully Paid Ordinary Shares 27,777 Unlisted options expiring 31/8/20 exercisable @ $0.25 Indirect (1): 1,065,000 Fully Paid Ordinary Shares Indirect (2): 2,700,000 Fully Paid Ordinary Shares
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy- back	Conversion of Director Options

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract Nature of interest Name of registered holder (if issued securities) Date of change No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed Interest acquired Interest disposed Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

Part 3 –[+] Closed period

. Were the interests in the securities or contracts No detailed above traded during a[+] closed period where prior written clearance was required? If so, was prior written clearance provided to allow the trade to proceed during this period?

If prior written clearance was provided, on what date was this provided?

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/2001.

Name of entity	GALAN LITHIUM LIMITED
ABN	87 149 349 646

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Nathan Bruce McMahon
Date of last notice	2 January 2019

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Indirect (1)
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Indirect (1): Shares owned by Kingsreef Pty Ltd , an account in which Mr McMahon is a beneficiary. Indirect (2) Shares owned by Jed McMahon, child of Mr McMahon Indirect (3) Shares owned by Millicent McMahon, child of Mr McMahon Indirect (4) Shares owned by Hendy McMahon, child of Mr McMahon Indirect (5) Shares owned by Montague McMahon, child of Mr McMahon
Date of change	2 December 2019

• See chapter 19 for defined terms.

Appendix 3Y Page 1

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held prior to change	Direct: 205,676 Fully Paid Ordinary Shares Indirect (1): 5,981,235 Fully Paid Ordinary Shares 750,000 Options expiring 29/11/19 @ $0.15 Indirect (2): 20,564 Fully Paid Ordinary Shares Indirect (3): 20,564 Fully Paid Ordinary Shares Indirect (4): 20,564 Fully Paid Ordinary Shares Indirect (5): 20,564 Fully Paid Ordinary Shares
Class	Fully paid ordinary shares
Number acquired	750,000
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$112,500
No. of securities held after change	Direct: 205,676 Fully Paid Ordinary Shares Indirect (1): 6,731,235 Fully Paid Ordinary Shares Indirect (2): 20,564 Fully Paid Ordinary Shares Indirect (3): 20,564 Fully Paid Ordinary Shares Indirect (4): 20,564 Fully Paid Ordinary Shares Indirect (5): 20,564 Fully Paid Ordinary Shares
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Conversion of Director Options

Part 2 – Change of director’s interests in contracts

• See chapter 19 for defined terms.

Appendix 3Y Page 2

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Appendix 3Y Change of Director’s Interest Notice

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part. Detail of contract Nature of interest Name of registered holder (if issued securities) Date of change No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed Interest acquired Interest disposed Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

Part 3 –[+] Closed period

	Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	No
	If so, was prior written clearance provided to allow the trade to proceed during this period?
	If prior written clearance was provided, on what date was this provided?

• See chapter 19 for defined terms.

Appendix 3Y Page 3

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Appendix 3Y Change of Director’s Interest Notice

CAZRule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/2001.

Name of entity	GALAN LITHIUM LIMITED
ABN	87 149 349 646

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director Juan Pablo Vargas de la Vega

Date of last notice 11 July 2019

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Direct
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Indirect: Patiperro P/L (Patiperro S/Fund) – Mr Juan Pablo Vargas de la Vega is a beneficiary
Date of change	2 December 2019
No. of securities held prior to change	Direct: 6,860,244 Fully Paid Ordinary Shares 5,117,659 Options expiring 31/12/19 exercisable @ $0.14 5,000,000 Class A Performance Shares 5,000,000 Class B Performance Shares Indirect (1): 267,030 Fully Paid Ordinary Shares
Class	Fully paid ordinary shares
Number acquired	5,117,658
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Shares issued on achievement of a JORC resource milestone due under the Share Sale and Purchase Agreement between Blue Sky Lithium PtyLtd and the Company

• See chapter 19 for defined terms.

Appendix 3Y Page 1

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change

Direct: 11,977,902 Fully Paid Ordinary Shares 5,117,659 Options expiring 31/12/19 exercisable @ $0.14 5,000,000 Class A Performance Shares 5,000,000 Class B Performance Shares Indirect (1): 267,030 Fully Paid Ordinary Shares

Nature of change Shares issued on achievement of a JORC resource milestone due Example: on-market trade, off-market trade, under the Share Sale and Purchase Agreement between Blue Sky exercise of options, issue of securities under dividend reinvestment plan, participation in buyLithium Pty Ltd and the Company back

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract Nature of interest Name of registered holder (if issued securities) Date of change No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed Interest acquired Interest disposed Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

Part 3 –[+] Closed period

.

art 3 –+Closed period
Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?
If prior written clearance was provided, on what date was this provided?

• See chapter 19 for defined terms.

Appendix 3Y Page 2

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Appendix 3Y Change of Director’s Interest Notice

101 CAZRule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/2001.

Name of entity	GALAN LITHIUM LIMITED
ABN	87 149 349 646

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Jinyu (Raymond) Liu
Date of last notice	15 August 2018

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Indirect Hongze Group Ltd - Mr Liu is a director and shareholder
Date of change	2 December 2019
No. of securities held prior to change	Direct Nil Indirect 13,367,640 Fully Paid Ordinary Shares 6,588,230 Unquoted Options Expiring 31/12/19 exercisable @$0.14
Class	Fully paid ordinary shares
Number acquired	4,588,230
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Shares issued on achievement of a JORC resource milestone due under the Share Sale and Purchase Agreement between Blue Sky Lithium Pty Ltd and the Company

• See chapter 19 for defined terms.

Appendix 3Y Page 1

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change Direct Nil Indirect 17,955,690 Fully Paid Ordinary Shares 6,588,230 Unquoted Options Expiring 31/12/19 exercisable @$0.14 Nature of change Shares issued on achievement of a JORC resource milestone due

Example: on-market trade, off-market trade, under the Share Sale and Purchase Agreement between Blue Sky exercise of options, issue of securities under

dividend reinvestment plan, participation in buyLithium Pty Ltd and the Company back

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract Nature of interest Name of registered holder (if issued securities) Date of change No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed Interest acquired Interest disposed Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

Part 3 –[+] Closed period

.

Were the interests in the securities or contracts No detailed above traded during a[+] closed period where prior written clearance was required? If so, was prior written clearance provided to allow the trade to proceed during this period? If prior written clearance was provided, on what date was this provided?

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002