HAWK RESOURCES LIMITED. — Capital/Financing Update 2023

Feb 15, 2023

Proposed issue of securities

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Announcement Summary

Entity name

ALDERAN RESOURCES LIMITED

Announcement Type

New announcement

Date of this announcement

16/2/2023

The Proposed issue is:

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An offer of securities under a securities purchase plan

Total number of +securities proposed to be issued for an offer of securities under a securities purchase plan

		Maximum Number of
ASX +security code	+Security description	+securities to be issued
AL8	ORDINARY FULLY PAID	71,428,571

+Record date

15/2/2023

Offer closing date

14/3/2023

+Issue date

21/3/2023

Refer to next page for full details of the announcement

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Part 1 - Entity and announcement details

1.1 Name of +Entity

ALDERAN RESOURCES 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

ABN

Registration Number 55165079201

1.3 ASX issuer code

AL8

1.4 The announcement is

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New announcement

1.5 Date of this announcement

16/2/2023

1.6 The Proposed issue is:

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An offer of +securities under a +securities purchase plan

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Part 4 - Details of proposed offer under securities purchase plan

Part 4A - Conditions

4A.1 Do any external approvals need to be obtained or other conditions satisfied before the offer of +securities under the +securities purchase plan issue can proceed on an unconditional basis? No

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Part 4B - Offer details

Class or classes of +securities that will participate in the proposed issue and class or classes of +securities proposed to be issued

ASX +security code and description

AL8 : ORDINARY FULLY PAID

Will the proposed issue of this +security include an offer of attaching +securities? No

Details of +securities proposed to be issued

ASX +security code and description

AL8 : ORDINARY FULLY PAID

Maximum total number of those +securities that could be issued if all offers under the +securities purchase plan are accepted 71,428,571

Will the offer be conditional on applications for a minimum number of +securities being received or a minimum amount being raised (i.e. a minimum subscription condition)? No

Will the offer be conditional on applications for a maximum number of +securities being received or a maximum amount being raised (i.e. a maximum subscription condition)? No

Will individual security holders be required to accept the offer for a minimum number or value of +securities (i.e. a minimum acceptance condition)? Yes

Is the minimum acceptance unit based or dollar based? Dollar based ($)

Please enter the minimum acceptance value

$ 2,000

Will individual security holders be limited to accepting the offer for a maximum number or value of +securities (i.e. a maximum acceptance condition)? Yes Is the maximum acceptance unit based or dollar based? Dollar based ($)

Please enter the maximum acceptance value

$ 30,000

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Describe all the applicable parcels available for this offer in number of securities or dollar value Application parcels as follows: $2,000, $5,000, $10,000, $15,000, $20,000, $25,000, $30,000

Offer price details Has the offer price been determined? Yes In what currency will the offer What is the offer price per be made? +security? AUD - Australian Dollar AUD 0.00700 Oversubscription & Scale back details Will a scale back be applied if the offer is over-subscribed? Yes

Describe the scale back arrangements

The Company (in its absolute discretion) reserves the right to scale back applications under the Offer to the extent and in the manner they see fit.

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

Part 4C - Timetable 4C.1 Date of announcement of +security purchase plan 16/2/2023 4C.2 +Record date 15/2/2023 4C.3 Date on which offer documents will be made available to investors 21/2/2023 4C.4 Offer open date 21/2/2023 4C.5 Offer closing date 14/3/2023 4C.7 +Issue date and last day for entity to announce results of +security purchase plan offer 21/3/2023

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Part 4D - Listing Rule requirements

4D.1 Does the offer under the +securities purchase plan meet all of the requirements of listing rule 7.2 exception 5 or do you have a waiver from those requirements? Yes

Part 4E - Fees and expenses

4E.1 Will there be a lead manager or broker to the proposed offer? Yes

4E.1a Who is the lead manager/broker?

DealAccess Pty Ltd (ACN 648 994 067) (AFSL No. 335 374)

4E.1b What fee, commission or other consideration is payable to them for acting as lead manager/broker?

If there is any Shortfall to the SPP which is placed by the Lead Manager, the Company has agreed to:

1) A shortfall placement fee to be satisfied in the form of an issue of the number of Listed Options (ASX: AL8OA) equal to 6% of the gross proceeds raised via the placement of all Shortfall Shares at a deemed issue price of $0.001 per Option, subject to Shareholder approval; and

2) be issued one (1) Listed Options (ASX: AL8OA) for every four (4) Shortfall Shares placed, subject to Shareholder Approval.

4E.2 Is the proposed offer to be underwritten?

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No

4E.3 Will brokers who lodge acceptances or renunciations on behalf of eligible +security holders be paid a handling fee or commission? No

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

N/A

Part 4F - Further Information

4F.01 The purpose(s) for which the entity intends to use the cash raised by the proposed issue

Net proceeds used to fund identification of new opportunities to further strengthen the Company's project portfolio (including Corbin Wickes), finalising the review of Detroit exploration data, expenses of the SPP and general working capital.

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• 4F.1 Will the entity be changing its dividend/distribution policy if the proposed offer is successful? No

4F.2 Countries in which the entity has +security holders who will not be eligible to accept the proposed offer All countries other than Australia and New Zealand.

4F.3 URL on the entity's website where investors can download information about the proposed offer https://alderanresources.com.au/

4F.4 Any other information the entity wishes to provide about the proposed offer N/A

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