LEFROY EXPLORATION LIMITED — Major Shareholding Notification 2019

Oct 13, 2019

Form 604 Corporations Act 2001 Section 671B

Notice of change of interest of substantial holder

To Company Name/Scheme Lefroy Exploration Limited ACN/ARSN 052 123 930

1. Details of substantial holder (1)

Name Michael Neil Macgregor Davies

There was a change in the interests of the substantial holder on: 10/10/2019

The previous notice was given to the company on: 24/10/2016 The previous notice was dated: 21/10/2016

2. Previous and present voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in when last required, to give a substantial holdings notice to the company or scheme are as follows:

Class of securities(4)	Previous notice	Previous notice	Present notice	Present notice
	Person’s votes	Voting power (5)	Person’s votes	Voting power (5)
Fully paid ordinary shares	10,882,654	16.88%	13,982,654	13.91%

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date of change	Person whose relevant interest changed	Nature of change (6)	Consideration given in relation to change (7)	Class and number of securities affected	Person’s votes affected
19/6/18	Michael Davies	Purchase of shares on market.	$0.1734 per share	100,000 fully paid ordinary shares	100,000
16/7/18	Michael Davies	Purchase of shares – market crossing.	$0.16 per share	2,000,000 fully paid ordinary shares	2,000,000
10/10/19	Michael Davies	Issue of shares via placement.	$0.20 per share	1,000,000 fully paid ordinary shares	1,000,000

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder (8)	Nature of relevant interest (6)	Class and number of securities	Person’s votes
Michael Davies	Michael Davies	Michael Davies	Registered holder with relevant interest under section 608(1)(a) of the Corporations Act.	12,982,654 ordinary shares.	12,982,654
Michael Davies	Lefroy Exploration Share Plan Pty Ltd	Lefroy Exploration Plan Pty Ltd	Registered holder with relevant interest under section 608(1)(b) of the Corporations Act.	1,000,000 ordinary shares.	1,000,000

5. Change in association

The persons who have become associates (2) of, ceased to be associate of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable)	Nature of association
N/A	N/A

6. Addresses

The addresses of persons named in this form are as follows:

Name	Address
Michael Davies	Suite 4101, Level 41, Gateway 1 Macquarie Place Sydney NSW 2000 Australia

Signature :

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_________ Print name: Michael Davies Date: 14 October 2019