IONDRIVE LIMITED — Share Issue/Capital Change 2021

Sep 16, 2021

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

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Announcement Summary

Entity name

SOUTHERN GOLD LIMITED

Date of this announcement

Friday September 17, 2021

The +securities the subject of this notification are:

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+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

Total number of +securities to be issued/transferred

		Total number of
ASX +security		+securities to be
code	Security description	issued/transferred	Issue date
SAUAD	OPTION EXPIRING VARIOUS DATES EX	1,890,000	17/09/2021
	VARIOUS PRICES

Refer to next page for full details of the announcement

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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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

SOUTHERN GOLD LIMITED

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

30107424519

1.3 ASX issuer code

SAU

1.4 The announcement is

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New announcement

1.5 Date of this announcement

17/9/2021

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Part 2 - Issue details

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2.1 The +securities the subject of this notification are:

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+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

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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has an existing ASX security code ("existing class")

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Part 3B - number and type of +securities the subject of this notification (existing class) where issue has not previously been notified to ASX in an Appendix 3B

ASX +security code and description

SAUAD : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES

Date the +securities the subject of this notification were issued

17/9/2021

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

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Yes

Were any of the +securities issued to +key management personnel (KMP) or an +associate? Yes

Provide details of the KMP or +associates being issued +securities.

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Name of KMP Name of registered holder Number of +securities
Robert Smillie Robert Smillie 750,000
Daniel Hill Daniel Hill 100,000
Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme
or a summary of the terms
https://www.southerngold.com.au/uploads/pages/9/Employee_Share_Option_Plan.pdf
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Any other information the entity wishes to provide about the +securities the subject of this notification

Issued under the Employee Share Option Plan as approved by Shareholders on 30 November 2018. Options Expire on 16 September 2025. Exercise price 10 cents per share.

Issue details

Number of +securities

1,890,000

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

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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
SAU : ORDINARY FULLY PAID	213,328,756
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
SAUAY : PERFORMANCE RIGHTS	10,000,000
SAUAW : OPTION EXPIRING 14-MAY-2024 EX 24C	400,000
SAUAD : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES	2,790,000
SAUAT : OPTION EXPIRING 09-OCT-2023 EX 24C	3,600,000
SAUAS : OPTION EXPIRING 31-DEC-2021 EX 18C	11,845,676
SAUAE : OPTION EXPIRING 18-OCT-2022 EX $0.18	42,583,385
SAUAF : OPTION EXPIRING 18-OCT-2022 EX $0.16	1,584,100
SAUAV : OPTION EXPIRING 19-DEC-2023 EX 24C	500,000

4.2 Unquoted +Securities (Total number of each +class of +securities issued but not quoted on ASX)

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

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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? Yes

5.1a Select the number of the applicable exception in Listing Rule 7.2

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