HARTSHEAD RESOURCES NL — Capital/Financing Update 2013

Oct 29, 2013

Appendix 3B New issue announcement

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

Appendix 3B

New issue announcement, application for quotation of additional securities and agreement

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 01/07/96 Origin: Appendix 5 Amended 01/07/98, 01/09/99, 01/07/00, 30/09/01, 11/03/02, 01/01/03, 24/10/05, 01/08/12

Name of entity

PURA VIDA ENERGY NL

ABN

11 150 624 169

We (the entity) give ASX the following information.

Part 1 - All issues

You must complete the relevant sections (attach sheets if there is not enough space).

1 +Class of +securities issued or to be issued 2 Number of+securities issued or to be issued (if known) or maximum number which may be issued 3 Principal terms of the +securities (eg, if options, exercise price and expiry date; if partly paid +securities, the amount outstanding and due dates for payment; if +convertible securities, the conversion price and dates for conversion)	i) Unlisted Options ii) Employee Performance Rights subject to vesting conditions
	i) 775,000 ii) 775,000
	i) Unlisted Options exercisable at $1.03 on or before 2 October 2016. ii) Principal terms of the Performance Rights are disclosed in the Performance Rights Plan dated 2 September 2011.

• See chapter 19 for defined terms.

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4 Do the[+] securities rank equally i) Shares issued upon exercise of Options in all respects from the date of will rank equally with existing fully allotment with an existing paid ordinary shares. +class of quoted +securities? ii) shares issued upon the vesting of Performance Rights will rank equally If the additional securities do with existing fully paid ordinary shares. not rank equally, please state:  the date from which they do  the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment  the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment 5 Issue price or consideration i) Nil ii) Nil 6 Purpose of the issue i) Incentive Options to non-director (If issued as consideration for employees pursuant to Employee the acquisition of assets, clearly Share Option Plan. identify those assets) ii) Performance Rights issued in accordance with the Performance Rights Plan as an incentive to nondirector employees. 6a Is the entity an[+] eligible entity Yes that has obtained security holder approval under rule 7.1A? If Yes, complete sections 6b – 6h in relation to the[+] securities the subject of this Appendix 3B , and comply with section 6i 6b The date the security holder 26 November 2012 resolution under rule 7.1A was passed

• See chapter 19 for defined terms.

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6c Number of +securities issued without security holder approval under rule 7.1 6d Number of+securities issued with security holder approval under rule 7.1A 6e Number of+securities issued with security holder approval under rule 7.3, or another specific security holder approval (specify date of meeting) 6f Number of securities issued under an exception in rule 7.2 6g If securities issued under rule 7.1A, was issue price at least 75% of 15 day VWAP as calculated under rule 7.1A.3? Include the issue date and both values. Include the source of the VWAP calculation. 6h If securities were issued under rule 7.1A for non-cash consideration, state date on which valuation of consideration was released to ASX Market Announcements 6i Calculate the entity’s remaining issue capacity under rule 7.1 and rule 7.1A – complete Annexure 1 and release to ASX Market Announcements 7 Dates of entering+securities into uncertificated holdings or despatch of certificates 8 Number and +class of all +securities quoted on ASX (see Part 3)	Nil
	Nil
	Nil
	i) 775,000 ii) 775,000
	N/A
	N/A
	Refer Annexure 1
	30 October 2013
	Number	+Class
	92,733,514	Ordinary Shares

• See chapter 19 for defined terms.

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Number +Class 9 Number and +class of all +securities not quoted on ASX (see Part 3) 12,020,000 21,878,550 1,500,000 3,000,000 6,250,000 2,000,193 300,000 775,000 1,128,474 Ordinary Shares Unquoted Partly Paid shares Options exercisable at 25 cents expiring 3 December 2014 Options exercisable at 35 cents expiring 20 August 2017 Options exercisable at 40 cents expiring 6 September 2016 Options exercisable at 60 cents expiring 20 June 2016 Options exercisable at 70 cents expiring 3 June 2016 Options exercisable at $1.03 expiring 2 October 2016 Performance rights subject to vesting conditions 10 Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests) There is currently no dividend policy in place for the Company - Bonus issue or pro rata issue 11 Is security holder approval required? N/A 12 Is the issue renounceable or non-renounceable? N/A 13 Ratio in which the +securities will be offered N/A 14 +Class of +securities to which the offer relates N/A	Number +Class 9 Number and +class of all +securities not quoted on ASX (see Part 3) 12,020,000 21,878,550 1,500,000 3,000,000 6,250,000 2,000,193 300,000 775,000 1,128,474 Ordinary Shares Unquoted Partly Paid shares Options exercisable at 25 cents expiring 3 December 2014 Options exercisable at 35 cents expiring 20 August 2017 Options exercisable at 40 cents expiring 6 September 2016 Options exercisable at 60 cents expiring 20 June 2016 Options exercisable at 70 cents expiring 3 June 2016 Options exercisable at $1.03 expiring 2 October 2016 Performance rights subject to vesting conditions 10 Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests) There is currently no dividend policy in place for the Company - Bonus issue or pro rata issue 11 Is security holder approval required? N/A 12 Is the issue renounceable or non-renounceable? N/A 13 Ratio in which the +securities will be offered N/A 14 +Class of +securities to which the offer relates N/A	Number	+Class
		12,020,000 21,878,550 1,500,000 3,000,000 6,250,000 2,000,193 300,000 775,000 1,128,474	Ordinary Shares Unquoted Partly Paid shares Options exercisable at 25 cents expiring 3 December 2014 Options exercisable at 35 cents expiring 20 August 2017 Options exercisable at 40 cents expiring 6 September 2016 Options exercisable at 60 cents expiring 20 June 2016 Options exercisable at 70 cents expiring 3 June 2016 Options exercisable at $1.03 expiring 2 October 2016 Performance rights subject to vesting conditions
		There is currently no dividend policy in place for the Company
	N/A
	N/A
	N/A
	N/A

Part 2 - Bonus issue or pro rata issue

• See chapter 19 for defined terms.

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15 +Record date to determine entitlements 16 Will holdings on different registers (or subregisters) be aggregated for calculating entitlements? 17 Policy for deciding entitlements in relation to fractions 18 Names of countries in which the entity has+security holders who will not be sent new issue documents Note: Security holders must be told how their entitlements are to be dealt with. Cross reference: rule 7.7. 19 Closing date for receipt of acceptances or renunciations 20 Names of any underwriters 21 Amount of any underwriting fee or commission 22 Names of any brokers to the issue 23 Fee or commission payable to the broker to the issue 24 Amount of any handling fee payable to brokers who lodge acceptances or renunciations on behalf of+security holders 25 If the issue is contingent on +security holders’ approval, the date of the meeting 26 Date entitlement and acceptance form and prospectus or Product Disclosure Statement will be sent to persons entitled	N/A
	N/A
	N/A
	N/A
	N/A
	N/A
	N/A
	N/A
	N/A
	N/A
	N/A
	N/A

• See chapter 19 for defined terms.

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27 If the entity has issued options, and the terms entitle option holders to participate on exercise, the date on which notices will be sent to option holders 28 Date rights trading will begin (if applicable) 29 Date rights trading will end (if applicable) 30 How do+security holders sell their entitlements_in full_through a broker? 31 How do+security holders sell part of their entitlements through a broker and accept for the balance? 32 How do+security holders dispose of their entitlements (except by sale through a broker)? 33 +Despatch date	N/A
	N/A
	N/A
	N/A
	N/A
	N/A
	N/A

Part 3 - Quotation of securities

You need only complete this section if you are applying for quotation of securities

• 34 Type of securities ( tick one )

• (a) Securities described in Part 1

• (b) All other securities

Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities

Entities that have ticked box 34(a)

Additional securities forming a new class of securities

Tick to indicate you are providing the information or documents

• See chapter 19 for defined terms.

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• 35 If the[+] securities are[+] equity securities, the names of the 20 largest holders of the additional[+] securities, and the number and percentage of additional[+] securities held by those holders

• 36 If the[+] securities are[+] equity securities, a distribution schedule of the additional +securities setting out the number of holders in the categories

1 - 1,000 1,001 - 5,000 5,001 - 10,000 10,001 - 100,000 100,001 and over

37 A copy of any trust deed for the additional[+] securities

Entities that have ticked box 34(b)

• 38 Number of securities for which N/A +quotation is sought

• 39 Class of[+] securities for which quotation N/A is sought

• 40 Do the[+] securities rank equally in all N/A respects from the date of allotment with an existing +class of quoted +securities? If the additional securities do not rank equally, please state:  the date from which they do  the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment

• the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment

• 41 Reason for request for quotation now N/A Example: In the case of restricted securities, end of restriction period (if issued upon conversion of another security, clearly identify that other security) Number +Class

• See chapter 19 for defined terms.

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42 Number and[+] class of all[+] securities N/A N/A quoted on ASX ( including the securities in clause 38)

Quotation agreement

• 1 +Quotation of our additional +securities is in ASX’s absolute discretion. ASX may quote the[+] securities on any conditions it decides.

• 2 We warrant the following to ASX.

• The issue of the[+] securities to be quoted complies with the law and is not for an illegal purpose.

• There is no reason why those[+] securities should not be granted[+] quotation.

• An offer of the[+] securities for sale within 12 months after their issue will not require disclosure under section 707(3) or section 1012C(6) of the Corporations Act.

Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty

• Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any[+] securities to be quoted and that no-one has any right to return any[+] securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the +securities be quoted.

• If we are a trust, we warrant that no person has the right to return the +securities to be quoted under section 1019B of the Corporations Act at the time that we request that the[+] securities be quoted.

• 3 We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement.

• 4 We give ASX the information and documents required by this form. If any information or document not available now, will give it to ASX before +quotation of the +securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete.

Sign here: ........................................................... Date: 30 October 2013 (Company secretary)

Nicholas Ong

Print name: ......................................

== == == == ==

• See chapter 19 for defined terms.

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Appendix 3B – Annexure 1

Calculation of placement capacity under rule 7.1 and rule 7.1A for[+] eligible entities

Introduced 01/08/12

Part 1

Rule 7.1 – Issues exceeding 15% of capital

Step 1: Calculate “A”, the base figure from which the placement capacity is calculated

==> picture [415 x 379] intentionally omitted <==

----- Start of picture text -----

Insert number of fully paid ordinary 57,250,001
securities on issue 12 months before date
of issue or agreement to issue
Add the following:
• Number of fully paid ordinary securities 5,000,000 shares on conversion of
issued in that 12 month period under an performance rights
exception in rule 7.2
• Number of fully paid ordinary securities
41,300,000
issued in that 12 month period with
shareholder approval
• Number of partly paid ordinary 1,139,583
securities that became fully paid in that
12 month period
Note:
• Include only ordinary securities here –
other classes of equity securities cannot
be added
• Include here (if applicable) the securities
the subject of the Appendix 3B to which
this form is annexed
• It may be useful to set out issues of
securities on different dates as separate
line items
Subtract the number of fully paid ordinary nil
securities cancelled during that 12 month
period
“A” 104,689,584
----- End of picture text -----

ter 19 for defined terms.

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Appendix 3B New issue announcement

Step 2: Calculate 15% of “A”

Step 2: Calculate 15% of “A”	Step 2: Calculate 15% of “A”
“B”	0.15
Multiply“A” by 0.15	15,703,437
Step 3: Calculate “C”, the amount of placement capacity under rule 7.1 that has already been used
Insertnumber of equity securities issued or agreed to be issued in that 12 month period not counting_those issued: • Under an exception in rule 7.2 • Under rule 7.1A • With security holder approval under rule 7.1 or rule 7.4 _Note: • This applies to equity securities, unless specifically excluded – not just ordinary securities • Include here (if applicable ) the securities the subject of the Appendix 3B to which this form is annexed • It may be useful to set out issues of securities on different dates as separate line items	63,930 fully paid ordinary shares
“C”	63,930
Step 4: Subtract “C” from [“A” x “B”] to calculate remaining placement capacity under rule 7.1
“A” x 0.15 Note: number must be same as shown in Step 2	15,703,437
Subtract“C” Note: number must be same as shown in Step 3	63,930
Total[“A” x 0.15] – “C”	15,639,507

capacity under rule 7.1
“A” x 0.15	15,703,437
Note: number must be same as shown in
Step 2
Subtract“C”	63,930
Note: number must be same as shown in
Step 3
Total[“A” x 0.15] – “C”	15,639,507

ter 19 for defined terms.

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Appendix 3B New issue announcement

Part 2

Rule 7.1A – Additional placement capacity for eligible entities

Step 1: Calculate “A”, the base figure from which the placement capacity is calculated

“A” 104,689,584 Note: number must be same as shown in Step 1 of Part 1

Step 2: Calculate 10% of “A”

Step 2: Calculate 10% of “A”
“D”
Multiply“A” by 0.10	10,468,958
Step 3: Calculate “E”, the amount of placement capacity under rule 7.1A
that has already been used
Insertnumber of equity securities issued or	Nil
agreed to be issued in that 12 month period under
rule 7.1A
Notes:
• This applies to equity securities – not just
ordinary securities
• Include here – if applicable – the securities the
subject of the Appendix 3B to which this form
is annexed
• Do not include equity securities issued under
rule 7.1 (they must be dealt with in Part 1), or
for which specific security holder approval has
been obtained
• It may be useful to set out issues of securities
on different dates as separate line items

that has already been used
Insertnumber of equity securities issued or	Nil
agreed to be issued in that 12 month period under
rule 7.1A
Notes:
• This applies to equity securities – not just
ordinary securities
• Include here – if applicable – the securities the
subject of the Appendix 3B to which this form
is annexed
• Do not include equity securities issued under
rule 7.1 (they must be dealt with in Part 1), or
for which specific security holder approval has
been obtained
• It may be useful to set out issues of securities
on different dates as separate line items
“E”	0
Step 4: Subtract “E” from [“A” x “D”] to	calculate remaining placement
capacity under rule 7.1A
“A” x 0.10	10,468,958
Note: number must be same as shown in Step 2
Subtract“E”	0
Note: number must be same as shown in Step 3

Step 4: Subtract “E” from [“A” x “D”] to capacity under rule 7.1A	calculate remaining placement
“A” x 0.10	10,468,958
Note: number must be same as shown in Step 2
Subtract“E”	0
Note: number must be same as shown in Step 3
Total[“A” x 0.10] – “E”	10,468,958

ter 19 for defined terms.

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