GBM RESOURCES LIMITED. — Share Issue/Capital Change 2023

Feb 6, 2023

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Announcement Summary

Entity name

GBM RESOURCES LIMITED

Date of this announcement

Tuesday February 07, 2023

The +securities the subject of this notification are: Other

Total number of +securities to be issued/transferred

		Total number of
ASX +security		+securities to be
code	Security description	issued/transferred	Issue date
New class - code	Options exercisable at $0.075 and expiring 7	38,738,706	07/02/2023
to be confirmed	February 2025

Refer to next page for full details of the announcement

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 1 - Entity and announcement details

1.1 Name of entity

GBM RESOURCES LIMITED

We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.

1.2 Registered number type

ABN

Registration number

91124752745

1.3 ASX issuer code

GBZ

1.4 The announcement is

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New announcement

1.5 Date of this announcement

7/2/2023

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Part 2 - Issue details

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2.1 The +securities the subject of this notification are:

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Other

Please specify

Priority entitlement offer options (refer Appendix 3B dated 9 December 2022)

2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which:

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does not have an existing ASX security code ("new class")

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Part 3C - number and type of +securities the subject of this notification (new class) where issue has not previously been notified to ASX in an Appendix 3B

New +securities

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ASX +security code +Security description
New class - code to be confirmed Options exercisable at $0.075 and expiring 7 February
2025
+Security type ISIN code
Options
Date the +securities the subject of this notification were issued
7/2/2023
Will all the +securities issued in this class rank equally in all respects from their issue date?
Yes
Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under
listing rule 6.1?
No
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being
issued.
Refer notice of meeting dated 28 October 2022 for terms of priority offer options approved by shareholders
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02590391-6A1118877?access_token=8
3ff96335c2d45a094df02a206a39ff4
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Options Details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.07500000 7/2/2025 Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option Other Description Ordinary fully paid share (GBZ)

Any other information the entity wishes to provide about the +securities the subject of this notification

None

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Please provide any further information needed to understand the circumstances in which you are notifying the issue of these +securities to ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B

Options have been previously advised to to ASX on an appendix 3B dated 9 December 2022.

We are not able to proceed with lodgement of an online Appendix 3G on the basis that an Appendix 3B already lodged as the new security not provided as an option able to be selected and as such cannot proceed with finalisation of the online form.

Issue details

Number of +securities 38,738,706

Were the +securities issued for a cash consideration?

Yes In what currency was the cash consideration being What was the issue price per +security? paid? AUD - Australian Dollar AUD 0.00500000 Purpose of the issue Other

Additional Details

Priority option offer to holders of lapsing options (refer Appendix 3B 9 December 2022)

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Part 4 - +Securities on issue

Following the issue, conversion or payment up of the +securities the subject of this application, the +securities of the entity will comprise:

(A discrepancy in these figures compared to your own may be due to a matter of timing if there is more than one application for quotation/issuance currently with ASX for processing.)

4.1 Quoted +Securities (Total number of each +class of +securities quoted)

	Total number of
ASX +security code and description	+securities on issue
GBZ : ORDINARY FULLY PAID	562,765,578
GBZOB : OPTION EXPIRING 06-JUL-2023	50,567,301
4.2 Unquoted +Securities (Total number of each +class of +securities issued but not quoted on ASX)
	Total number of
ASX +security code and description	+securities on issue
GBZAI : PERFORMANCE RIGHTS EXPIRING 31-OCT-2025	1,185,000
GBZAJ : OPTION EXPIRING 31-OCT-2025 EX $0.18	855,000
GBZAD : OPTION EXPIRING 06-APR-2023 EX $0.096	16,074,152
GBZAN : OPTION EXPIRING 01-DEC-2026 EX $0.069	8,000,000
GBZAF : OPTION EXPIRING 14-SEP-2024 EX 21C	300,000
GBZAM : CONVERTIBLE NOTES	2
GBZAG : OPTION EXPIRING 11-FEB-2025 EX $0.18	3,900,000
GBZAH : PERFORMANCE RIGHTS EXPIRING 26-AUG-2025	378,262
New class - code to be confirmed : Options exercisable at $0.075 and expiring 7 February	38,738,706
2025

4.2 Unquoted +Securities (Total number of each +class of +securities issued but not quoted on ASX)

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Part 5 - Other Listing Rule requirements

5.1 Were the +securities issued under an exception in Listing Rule 7.2 and therefore the issue did not need any security holder approval under Listing Rule 7.1? No

5.2 Has the entity obtained, or is it obtaining, +security holder approval for the issue under listing rule 7.1? Yes

5.2a Date of meeting or proposed meeting to approve the issue under listing rule 7.1

30/11/2022

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