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GALILEO MINING LTD Capital/Financing Update 2018

May 24, 2018

64962_rns_2018-05-24_46ddbffb-84e1-481f-9e93-f11105cb80f4.pdf

Capital/Financing Update

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Market Announcement

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25 May 2018

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Galileo Mining Ltd – Admission and Commencement of Official Quotation

Description

Galileo Mining Ltd (the ‘Company’) was admitted to the Official List of ASX Limited (‘ASX’) today, Friday, 25 May 2018.

Official quotation of the Company’s ordinary fully paid shares is expected to commence at 12:00 PM AEST on Tuesday, 29 May 2018.

The Company raised $15 million pursuant to the offer under its prospectus dated 6 April 2018 (‘Prospectus’) by the issue of 75,000,000 shares at an issue price of $0.20 per share.

Quotation information

Quoted Securities: 88,679,037
ASX Code: GAL
Time: 12:00 PM AEST
Date: Tuesday, 29 May 2018
ASX Trade Abbreviation: GALILEO
ISIN: AU0000007510
Home Branch: Perth
Industry Classification: PENDING
Company Secretary: Mathew Joseph Whyte
Share Registry: Security Transfer Australia
Address: Suite 913, 530 Little Collins Street, Melbourne VIC 3000
Phone: 1300 992 916
Email: [email protected]
Balance Date: 30 June
CHESS: Participating and Issuer Sponsored
Place of Incorporation: Western Australia
Dividend Policy: See section 1.19 of the Prospectus
Activities: Exploration of mineral resources
Lead Manager: Bell Potter
Underwriter: NA

Market Announcement 1/2 ASX Customer Service Centre 131 279 | asx.com.au

25 May 2018 ASX Limited

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ASX Restricted Securities: 28,094,895 fully paid ordinary shares classified by ASX as restricted securities
and to be held in escrow for 24 months from the date of commencement of
official quotation.
3,600,000 fully paid ordinary shares classified by ASX as restricted securities
and to be held in escrow for 12 months from the date of issue, being
Wednesday, 16 May 2018.
15,000,000 options exercisable at $0.20 on or before 31 January 2023,
classified by ASX as restricted securities to be held in escrow until 29 May
2020 being 24 months from the date of commencement of official
quotation.
Other Securities Not Quoted: Nil

What do I need to do and by when?

Please refer to the Company’s Prospectus.

Need more information?

For further information, please call the Company on +61 8 9481 8448.

Disclaimer

Please refer to the following disclaimer.

Issued by

Sandra Wutete

Senior Adviser, Listings Compliance (Perth)

Market Announcement 2/2

25 May 2018