LATITUDE 66 LIMITED — Share Issue/Capital Change 2021

Oct 14, 2021

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

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Announcement Summary

Entity name

DISCOVEX RESOURCES LIMITED

Date of this announcement

Friday October 15, 2021

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 14/10/25 exercisable at $0.00725	16,500,000	14/10/2021
to be confirmed
New class - code	Options expiring 14/10/25 exercisable at $0.0095	16,500,000	14/10/2021
to be confirmed

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

DISCOVEX RESOURCES 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

ACN

Registration number

115768986

1.3 ASX issuer code

DCX

1.4 The announcement is

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New announcement

1.5 Date of this announcement

15/10/2021

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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

Issue of Options to Directors and Former Director approved by 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 14/10/25 exercisable at $0.00725
+Security type ISIN code
Options
Date the +securities the subject of this notification were issued
14/10/2021
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?
No
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being
issued.
https://discovexresources.com.au/wp-content/uploads/2021/09/DISCOVEX-FINAL-NOM-AND-PROXY-AGM.pdf
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Options Details
+Security currency	Exercise price	Expiry date
AUD - Australian Dollar	AUD 0.00720000	14/10/2025
Details of the existing class of +security that will be issued upon exercise or conversion of this new class of
company option
Other
Description
Fully Paid Ordinary Shares (ASX:DCX)
Any other information the entity wishes to provide about the +securities the subject of this notification
Please note that the exercise price of the options is $0.00725, which has been rounded to $0.0072 by the ASX forms
system.

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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

Company resolved to issue options on the same day as issue.

Issue details

Number of +securities

16,500,000

Were the +securities issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

Incentive Options for services of Directors and Former Director. Valuation per Notice of Meeting is $0.0046 per option.

Purpose of the issue

To pay for services rendered

Additional Details

New +securities

ASX +security code +Security description New class - code to be confirmed Options expiring 14/10/25 exercisable at $0.0095 +Security type ISIN code Options Date the +securities the subject of this notification were issued 14/10/2021

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? No

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. https://discovexresources.com.au/wp-content/uploads/2021/09/DISCOVEX-FINAL-NOM-AND-PROXY-AGM.pdf

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

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Options Details

+Security currency

AUD - Australian Dollar

Exercise price Expiry date AUD 0.00950000 14/10/2025

Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option

Other

Description

Fully Paid Ordinary Shares (ASX:DCX)

Any other information the entity wishes to provide about the +securities the subject of this notification

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

Company resolved to issue options on the same day as issue.

Issue details

Number of +securities

16,500,000

Were the +securities issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

Incentive Options for services of Directors and Former Director. Valuation per Notice of Meeting is $0.0045 per option.

Purpose of the issue

To pay for services rendered

Additional Details

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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
DCX : ORDINARY FULLY PAID	2,568,664,076
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
DCXAP : OPTION EXPIRING 1-DEC-2023 EX 1.7C	16,000,000
DCXAQ : OPTION EXPIRING 1-DEC-2023 EX 2.25C	16,000,000
DCXAR : OPTION EXPIRING 1-DEC-2023 EX 3.15C	16,000,000
DCXAS : OPTION EXPIRING 20-AUG-2024 EX 1.3C	1,000,000
DCXAT : OPTION EXPIRING 20-AUG-2022 EX 1.3C	20,000,000
DCXAL : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES	77,561,547
New class - code to be confirmed : Options expiring 14/10/25 exercisable at $0.00725	16,500,000
New class - code to be confirmed : Options expiring 14/10/25 exercisable at $0.0095	16,500,000

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

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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

7/10/2021

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