GREEN360 TECHNOLOGIES LIMITED — Capital/Financing Update 2022

Dec 7, 2022

Proposed issue of securities

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Announcement Summary

Entity name

SUVO STRATEGIC MINERALS LIMITED

Announcement Type

New announcement

Date of this announcement

8/12/2022

The Proposed issue is:

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A placement or other type of issue

Total number of +securities proposed to be issued for a placement or other type of issue

		Maximum Number of
ASX +security code	+Security description	+securities to be issued
New class-code to be	Unlisted Options exercisable at $0.10.	12,500,000
confirmed
New class-code to be	Unlisted Broker Options exercisable at $0.10.	1,000,000
confirmed
SUV	ORDINARY FULLY PAID	50,000,000

Proposed +issue date

14/12/2022

Refer to next page for full details of the announcement

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Proposed issue of securities

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Part 1 - Entity and announcement details

1.1 Name of +Entity

SUVO STRATEGIC MINERALS LIMITED

We (the entity named above) give ASX the following information about a proposed issue of +securities and, if ASX agrees to +quote any of the +securities (including any rights) on a +deferred settlement basis, we agree to the matters set out in Appendix 3B of the ASX Listing Rules.

If the +securities are being offered under a +disclosure document or +PDS and are intended to be quoted on ASX, we also apply for quotation of all of the +securities that may be issued under the +disclosure document or +PDS on the terms set out in Appendix 2A of the ASX Listing Rules (on the understanding that once the final number of +securities issued under the +disclosure document or +PDS is known, in accordance with Listing Rule 3.10.3C, we will complete and lodge with ASX an Appendix 2A online form notifying ASX of their issue and applying for their quotation).

1.2 Registered Number Type

ACN

Registration Number

140316463

1.3 ASX issuer code

SUV

1.4 The announcement is

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New announcement

1.5 Date of this announcement

8/12/2022

1.6 The Proposed issue is:

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A placement or other type of issue

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Part 7 - Details of proposed placement or other issue

Part 7A - Conditions

7A.1 Do any external approvals need to be obtained or other conditions satisfied before the placement or other type of issue can proceed on an unconditional basis? No

Part 7B - Issue details

Is the proposed security a 'New Will the proposed issue of this class' (+securities in a class that is +security include an offer of not yet quoted or recorded by ASX) attaching +securities? or an 'Existing class' (additional Yes securities in a class that is already quoted or recorded by ASX)? Existing class

Details of +securities proposed to be issued

ASX +security code and description SUV : ORDINARY FULLY PAID Number of +securities proposed to be issued 50,000,000 Offer price details Are the +securities proposed to be issued being issued for a cash consideration? Yes In what currency is the cash What is the issue price per consideration being paid? +security? AUD - Australian Dollar AUD 0.04000

Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class? Yes

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Attaching +Security

Is the proposed attaching security a 'New class' (+securities in a class that is not yet quoted or recorded by ASX) or an 'Existing class' (additional +securities in a class that is already quoted or recorded by ASX)? New class

Attaching +Security - New class (+securities in a class that is not yet quoted or recorded by ASX)

Details of attaching +securities proposed to be issued

ISIN Code (if Issuer is a foreign company and +securities are non CDIs)

Have you received confirmation from ASX that the terms Will the entity be seeking quotation of the 'new' class of of the proposed +securities are appropriate and +securities on ASX? equitable under listing rule 6.1? No No ASX +security code +Security description New class-code to be confirmed Unlisted Options exercisable at $0.10. +Security type Options Number of +securities proposed to be issued 12,500,000 Offer price details Are the +securities proposed to be issued being issued for a cash consideration? No

Please describe the consideration being provided for the +securities Free attaching on a 1 for 4 basis to each ordinary share issued under the Placement

Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities 0.000100 Will all the +securities issued in this class rank equally in all respects from their issue date? Yes

Options details

+Security currency

AUD - Australian Dollar

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Exercise price

AUD 0.1000

Expiry date

6/12/2025

Details of the type of +security that will be issued if the option is exercised

SUV : ORDINARY FULLY PAID

Number of securities that will be issued if the option is exercised

One fully paid ordinary share

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities proposed to be issued or provide the information by separate announcement.

See ASX announcement titled "Suvo raises $2M via Placement'.

Is the proposed security a 'New Will the proposed issue of this class' (+securities in a class that is +security include an offer of not yet quoted or recorded by ASX) attaching +securities? or an 'Existing class' (additional No securities in a class that is already quoted or recorded by ASX)? New class

Details of +securities proposed to be issued

ISIN Code (if Issuer is a foreign company and +securities are non CDIs)

Have you received confirmation from Will the entity be seeking quotation ASX that the terms of the proposed of the 'new' class of +securities on +securities are appropriate and ASX? equitable under listing rule 6.1? No No ASX +security code +Security description New class-code to be confirmed Unlisted Broker Options exercisable at $0.10.

+Security type

Options

Number of +securities proposed to be issued

1,000,000

Offer price details

Are the +securities proposed to be issued being issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

Unlisted Broker Options form part payment to Lead Manager of the Placement, Far East Capital.

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Please provide an estimate of the AUD equivalent of the consideration being
provided for the +securities
0.000100
Will all the +securities issued in this class rank equally in all respects from
their issue date?
Yes
Options details
+Security currency Exercise price	Expiry date
AUD - Australian Dollar AUD 0.1000	6/12/2025
Details of the type of +security that will be issued if the option is exercised
SUV : ORDINARY FULLY PAID
Number of securities that will be issued if the option is exercised
One fully paid ordinary share
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities
proposed to be issued or provide the information by separate announcement.
See ASX announcement titled "Suvo raises $2M via Placement'.

Part 7C - Timetable

7C.1 Proposed +issue date 14/12/2022

Part 7D - Listing Rule requirements

7D.1 Has the entity obtained, or is it obtaining, +security holder approval for the entire issue under listing rule 7.1? No

7D.1b Are any of the +securities proposed to be issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1? Yes

7D.1b ( i ) How many +securities are proposed to be issued without security holder approval using the entity's 15% placement capacity under listing rule 7.1?

13,500,000 unlisted options, exercisable at $0.10 and expiring 6 December 2025

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7D.1c Are any of the +securities proposed to be issued without +security holder approval using the entity's additional 10% placement capacity under listing rule 7.1A (if applicable)? Yes

7D.1c ( i ) How many +securities are proposed to be issued without +security holder approval using the entity's additional 10% placement capacity under listing rule 7.1A?

50,000,000 ordinary shares

7D.1c ( ii ) Please explain why the entity has chosen to do a placement rather than a +pro rata issue or an offer under a +security purchase plan in which existing ordinary +security holders would have been eligible to participate

Most efficient mechanism to secure funds in a timely manner in the current market environment

7D.2 Is a party referred to in listing rule 10.11 participating in the proposed issue? No

7D.3 Will any of the +securities to be issued be +restricted securities for the purposes of the listing rules? No

7D.4 Will any of the +securities to be issued be subject to +voluntary escrow? No

Part 7E - Fees and expenses

7E.1 Will there be a lead manager or broker to the proposed issue?

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Yes

7E.1a Who is the lead manager/broker?

Far East Capital

7E.1b What fee, commission or other consideration is payable to them for acting as lead manager/broker?

6% on funds raised under the Offer, including 1,000,000 unlisted broker options, issued on the same terms as free attaching unlisted options to participants in the placement.

7E.2 Is the proposed issue to be underwritten?

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No

7E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed issue

1,000,000 unlisted broker options, issued under the same terms as the free attaching unlisted options issued to participants in the placement, exercisable at $0.10 and expiring 6 December 2025.

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Part 7F - Further Information

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7F.01 The purpose(s) for which the entity is issuing the securities

Funds raised through the Placement will be utilized for advancing studies relating to the development of supporting infrastructure, studies and test work on bulk samples from drilling at Eneabba, additional working capital.

7F.1 Will the entity be changing its dividend/distribution policy if the proposed issue proceeds? No

7F.2 Any other information the entity wishes to provide about the proposed issue

Participants in the Placement will receive a 1 for 4 free attaching unquoted option (`New Options¿), exercisable at $0.10, expiring 6 December 2025. In accordance with the terms of the Placement, if the New Options are exercised on or before 6 December 2023, the exercise price will be $0.050, representing a 50% discount to the $0.10 exercise price. If the New Options are exercised on or before 6 December 2024, the exercise price will be $0.075, representing a 25% discount to the $0.10 exercise price. The Broker options are subject to the same terms.

7F.3 Any on-sale of the +securities proposed to be issued within 12 months of their date of issue will comply with the secondary sale provisions in sections 707(3) and 1012C(6) of the Corporations Act by virtue of: The publication of a cleansing notice under section 708A(5), 708AA(2)(f), 1012DA(5) or 1012DAA(2)(f)

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