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IONIC RARE EARTHS LIMITED Capital/Financing Update 2020

Mar 4, 2020

65151_rns_2020-03-04_3dec7159-4a89-409b-88a2-e88d5bb890d9.pdf

Capital/Financing Update

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5 March 2020

Company Announcement Office ASX Limited Exchange Centre Level 4, Bridge Street SYDNEY NSW 2000

Share Purchase Plan Booklet sent to shareholders

Oro Verde Limited (ABN 84 083 646 477) ( Company ) confirms that the offer booklet ( SPP Offer Booklet ) in relation to the Company's recently announced Share Purchase Plan ( SPP ) was sent to eligible shareholders earlier today. As such the SPP is now open.

The key dates for the SPP are set out below:

Event Date
Record Date 7:00pm (AEDT time) on 28 February 2020
Announcement of SPP 2 March 2020
Opening Date 5 March 2020
Closing Date 5:00pm (AWST time) on 26 March 2020
Announcement of results of SPP 30 March 2020
Issue Date 2 April 2020
New Shares expected to be quoted on ASX 3 April 2020

*These dates are indicative only. The Company may vary the dates and times of the SPP by lodging a revised notice with the ASX.

Authorised for release by Brett Dickson, Company Secretary

Oro Verde Limited (ABN 84 083 646 477) Level 1, 34 Colin Street, West Perth, WA 6005 PO Box 493, West Perth, WA 6872 Telephone: + 61 8 9481 2555

www.oroverde.com.au