MOHO RESOURCES LIMITED — Capital/Financing Update 2020

Aug 17, 2020

Proposed issue of securities

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Update Summary

Entity name

MOHO RESOURCES LIMITED

Announcement Type

Update to previous announcement

Date of this announcement

Tuesday August 18, 2020

Reason for update to a previous announcement

Update to the exercise price of the unquoted options following shareholder approval at the General Meeting held on 14 August 2020. Exercise price determined based on the 5 day VWAP prior to the date of the meeting.

Refer to next page for full details of the announcement

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Proposed issue of securities

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Part 1 - Entity and announcement details

1.1 Name of +Entity

MOHO 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.

1.2 Registered Number Type

Registration Number

ABN 81156217971

1.3 ASX issuer code

MOH

1.4 The announcement is

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Update/amendment to previous announcement

1.4a Reason for update to a previous announcement

Update to the exercise price of the unquoted options following shareholder approval at the General Meeting held on 14 August 2020. Exercise price determined based on the 5 day VWAP prior to the date of the meeting.

1.4b Date of previous announcement(s) to this update

Monday July 13, 2020

1.5 Date of this announcement

Tuesday August 18, 2020

1.6 The Proposed issue is:

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A placement or other type of issue

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Part 7 - Details of proposed placement or other issue

Part 7A - Conditions

7A.1 - Are any of the following approvals required for the placement or other type of issue? +Security holder approval Court approval Lodgement of court order with +ASIC ACCC approval FIRB approval Another approval/condition external to the entity Yes

7A.1a Conditions

Approval/Condition Date for determination Is the date estimated or ** Approval actual? received/condition met? +Security holder approval Friday August 14, 2020 Actual Yes

Comments

Shareholder approval required for shares to be issued to Lead Manager in lieu of cash for services provided as part of the Placement as announced on 24 April 2020 and for the issue of options to Directors as per the Notice of Meeting announced on 13 July 2020.

Part 7B - Issue details

Is the proposed security a 'New Will the proposed issue of this class' (+securities in a class that is +security include an offer of not yet quoted or recorded by ASX) attaching +securities? or an 'Existing class' (additional No securities in a class that is already quoted or recorded by ASX)? Existing class

Details of +securities proposed to be issued

ASX +security code and description

MOH : ORDINARY FULLY PAID

Number of +securities proposed to be issued

553,021

Reason for the update of 'Maximum Number of +securities proposed to be issued'

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Proposed issue of securities

Offer price details

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

Is the proposed security a 'New	Will the proposed issue of this
class' (+securities in a class that is	+security include an offer of
not yet quoted or recorded by ASX)	attaching +securities?
or an 'Existing class' (additional	No
securities in a class that is already
quoted or recorded by ASX)?
New class
Details of +securities proposed to be issued
ISIN Code (if Issuer is a foreign company and +securities are non CDIs)
Have you received confirmation from	Will the entity be seeking quotation
ASX that the terms of the proposed	of the 'new' class of +securities on
+securities are appropriate and	ASX?
equitable under listing rule 6.1?	No
Yes
ASX +security code	+Security description
New class-code to be confirmed	Unquoted options exercisable at $0.19, expiring 13 August 2022
+Security type
Options
Number of +securities proposed to be	issued
3,000,000
Reason for the update of 'Maximum Number of +securities proposed to be issued' Offer price details

Will all the +securities issued in this class rank equally in all respects from their issue date? Yes

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Options details

+Security currency AUD - Australian Dollar

Exercise price AUD 0.1900

Expiry date Saturday August 13, 2022

Details of the type of +security that will be issued if the option is exercised

MOH : ORDINARY FULLY PAID

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities proposed to be issued or provide the information by separate announcement.

Unquoted options exercisable at $0.19 expiring 13 August 2022. The options vest upon the Company completing 8,000m of drilling on its Projects.

Is the proposed security a 'New Will the proposed issue of this class' (+securities in a class that is +security include an offer of not yet quoted or recorded by ASX) attaching +securities? or an 'Existing class' (additional No securities in a class that is already quoted or recorded by ASX)? New class

Details of +securities proposed to be issued

ISIN Code (if Issuer is a foreign company and +securities are non CDIs)

Have you received confirmation from Will the entity be seeking quotation ASX that the terms of the proposed of the 'new' class of +securities on +securities are appropriate and ASX? equitable under listing rule 6.1? Yes Yes ASX +security code +Security description New class-code to be confirmed Unquoted options exercisable at $0.20, expiring 13 August 2023

+Security type

Options

Number of +securities proposed to be issued

3,000,000

Reason for the update of 'Maximum Number of +securities proposed to be issued'

Offer price details

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Will all the +securities issued in this class rank equally in all respects from their issue date? Yes

	Options details
	+Security currency	Exercise price	Expiry date
	AUD - Australian Dollar	AUD 0.2000	Sunday August 13, 2023
	Details of the type of +security that will be issued if the option is exercised
	MOH : ORDINARY FULLY PAID
	Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities
	proposed to be issued or provide the information by separate announcement.
	Unquoted options exercisable at $0.20 expiring 13 August 2023
	Is the proposed security a 'New	Will the proposed issue of this
	class' (+securities in a class that is	+security include an offer of
	not yet quoted or recorded by ASX)	attaching +securities?
	or an 'Existing class' (additional	No
	securities in a class that is already
	quoted or recorded by ASX)?
	New class
	Details of +securities proposed to be issued
	ISIN Code (if Issuer is a foreign company and +securities are non CDIs)
	Have you received confirmation from	Will the entity be seeking quotation
	ASX that the terms of the proposed	of the 'new' class of +securities on
	+securities are appropriate and	ASX?
	equitable under listing rule 6.1?	No
	Yes
	ASX +security code New class-code to be confirmed	+Security description Unquoted options exercisable at $0.21, expiring 13 August 2024
	+Security type
	Options
	Number of +securities proposed to be issued
	3,000,000
	Reason for the update of 'Maximum Number of +securities proposed to be issued'

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Offer price details Will all the +securities issued in this class rank equally in all respects from their issue date? Yes Options details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.2100 Tuesday August 13, 2024 Details of the type of +security that will be issued if the option is exercised MOH : ORDINARY FULLY PAID Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities proposed to be issued or provide the information by separate announcement. Unquoted options exercisable at $0.21 expiring 13 August 2024. Part 7C - Timetable

7C.1 Proposed +issue date Monday August 17, 2020

Part 7D - Listing Rule requirements

7D.1 Has the entity obtained, or is it obtaining, +security holder approval for the entire issue under listing rule 7.1? Yes

7D.1a Date of meeting or proposed meeting to approve the issue under listing rule 7.1 Friday August 14, 2020

7D.2 Is a party referred to in listing rule 10.11 participating in the proposed issue? Yes

7D.3 Will any of the +securities to be issued be +restricted securities for the purposes of the listing rules? No

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7D.4 Will any of the +securities to be issued be subject to +voluntary escrow? No Part 7E - Fees and expenses 7E.1 Will there be a lead manager or broker to the proposed issue? No 7E.2 Is the proposed issue to be underwritten? No 7E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed issue Part 7F - Further Information 7F.1 Will the entity be changing its dividend/distribution policy if the proposed issue proceeds? No 7F.2 Any other information the entity wishes to provide about the proposed issue

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