GREENWING RESOURCES LTD — Share Issue/Capital Change 2022

Jul 10, 2022

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

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Announcement Summary

Entity name

GREENWING RESOURCES LTD

Date of this announcement

Monday July 11, 2022

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 expiring 31 December 2025 ex $0.725	3,650,000	11/07/2022
to be confirmed

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

GREENWING RESOURCES LTD

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

31109933995

1.3 ASX issuer code

GW1

1.4 The announcement is

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New announcement

1.5 Date of this announcement

11/7/2022

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

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Part 2 - Issue details

2.1 The +securities the subject of this notification are:

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Other

Please specify

Unlisted options issued to directors and employees following the approval of shareholders.

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

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New +securities
ASX +security code +Security description
New class - code to be confirmed Options expiring 31 December 2025 ex $0.725
+Security type ISIN code
Options
Date the +securities the subject of this notification were issued
11/7/2022
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?
Yes
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being
issued.
https://www.asx.com.au/asxpdf/20220530/pdf/459fhp4rkp4y3r.pdf
Options Details
+Security currency Exercise price Expiry date
AUD - Australian Dollar AUD 0.72500000 31/12/2025
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 shares will be issued on exercise of these options
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Any other information the entity wishes to provide about the +securities the subject of this notification

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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 issues as approved by shareholders on 28 June 2022.

Issue details Number of +securities 3,650,000 Were the +securities issued for a cash consideration? No Please describe the consideration being provided for the +securities No consideration was paid - issued as incentives to directors and employees Purpose of the issue Other Additional Details As incentives to directors and employees

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

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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
GW1 : ORDINARY FULLY PAID	123,247,349

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
GW1AB : CONVERTIBLE NOTES	536,708,414
GW1AD : OPTION EXPIRING 31-DEC-2022 EX $0.40	302,950
GW1AE : OPTION EXPIRING 30-JUN-2025 EX $0.60	4,400,000
New class - code to be confirmed : Options expiring 31 December 2025 ex $0.725	3,650,000

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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

28/6/2022

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