GEOPACIFIC RESOURCES LTD — Capital/Financing Update 2019

Oct 28, 2019

ASX: GPR 29 October 2019

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Notice under Listing Rule 3.10.5A

The following information is provided in accordance with Listing Rule 3.10.5A and Listing Rule 7.1A.4(b) with reference to the Appendix 3B lodged by the company today regarding the issue of 689,774,003 fully paid ordinary shares. The shares issued relate to Tranche 1 of the share placement announced to the ASX on 21 October 2019 (Placement), for the issue of shares without disclosure under Listing Rule 7.1 (413,864,402 shares) and 7.1A (275,909,601 shares).

Details of the dilution to existing holders of ordinary securities caused by the Placement under Listing Rules 7.1 and 7.1A are outlined in the table below:

	Listing Rule	Listing Rule	Tranche 1
	7.1	7.1A	Placement Total
Number of shares on issue prior to the Placement			2,759,096,016
Placement shares issued	413,864,402	275,909,601	689,774,003
Dilution as a result of the Placement *	15%	10%	25%
Number of shares on issue following the Placement *			3,448,870,019

Note – the dilution as a result of the Placement and the number of shares on issue following the Placement exclude the impact of 910,225,997 Tranche 2 placement shares (which are subject to shareholder approval), and any participation under the share purchase plan.

The Board of Geopacific Resources Limited issued the shares under a Placement pursuant to Listing Rules 7.1 and 7.1A as the Directors believed it provided the most efficient and cost effective mechanism to raise the funds required.

As previously announced, a share purchase plan will be extended to eligible shareholders at the same price as the Placement to raise up to a further $5 million.

Fees of $840,717 (excluding GST) were paid to Petra Capital who acted as Lead Manager and Bookrunner to the Placement. The Placement was not underwritten.

Ron Heeks

Managing Director

Contact

For further information, please visit www.geopacific.com.au or contact Mr. Ron Heeks, Managing Director.

Company details	Board	Projects
Geopacific Resources Limited	Ian ClyneNon-Executive Chairman	PAPUA NEW GUINEA
ACN 003 208 393	Ron HeeksManaging Director	Woodlark Island Gold
ASX Code: GPR	Colin GilliganNon-Executive Director	CAMBODIA
info@geopacific.com.au	Ian MurrayNon-Executive Director	Kou Sa Copper
http://www.geopacific.com.au	Matthew SmithCompany Secretary
T +61 8 6143 1820
HEAD OFFICE
Level 1, 278 Stirling Highway, Claremont WA 6010.
PO Box 439, Claremont WA 6910.

Geopacific Resources Limited

www.geopacific.com.au