MOHO RESOURCES LIMITED — Capital/Financing Update 2022

Dec 8, 2022

Proposed issue of securities

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Announcement Summary

Entity name

MOHO RESOURCES LIMITED

Announcement Type

New announcement

Date of this announcement

9/12/2022

The Proposed issue is:

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A non pro rata offer of securities under a disclosure document or product disclosure statement (PDS)

Total number of +securities proposed to be issued for a non pro rata offer of securities under a disclosure document or product disclosure statement (PDS)

		Maximum Number of
ASX +security code	+Security description	+securities to be issued
New class-code to be	Options exercisable at $0.05 and expiring 31 January 2024	51532440
confirmed

Closing date for receipt of acceptances

19/12/2022

Proposed +issue date

19/12/2022

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.

If the +securities are being offered under a +disclosure document or +PDS and are intended to be quoted on ASX, we also apply for quotation of all of the +securities that may be issued under the +disclosure document or +PDS on the terms set out in Appendix 2A of the ASX Listing Rules (on the understanding that once the final number of +securities issued under the +disclosure document or +PDS is known, in accordance with Listing Rule 3.10.3C, we will complete and lodge with ASX an Appendix 2A online form notifying ASX of their issue and applying for their quotation).

1.2 Registered Number Type

Registration Number

ACN 156217971

1.3 ASX issuer code

MOH

1.4 The announcement is

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New announcement

1.5 Date of this announcement

9/12/2022

1.6 The Proposed issue is:

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A non-+pro rata offer of +securities under a +disclosure document or +PDS

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Part 5 - Details of proposed non-pro rata offer under a disclosure document or PDS

Part 5A - Conditions

5A.1 Do any external approvals need to be obtained or other conditions satisfied before the non-pro rata offer of +securities under a +disclosure document or + PDS can proceed on an unconditional basis? Yes

5A.1a Conditions

Approval/Condition Date for determination Is the date estimated or ** Approval actual? received/condition met? +Security holder approval 29/11/2022 Actual Yes

Comments

Part 5B - Offer 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)? 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 No ASX +security code +Security description New class-code to be confirmed Options exercisable at $0.05 and expiring 31 January 2024

+Security type

Options

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The number of +securities to be offered under the +disclosure document or +PDS 51,532,440

Will the offer be conditional on applications for a minimum number of +securities being received or a minimum amount being raised (i.e. a minimum subscription condition)? No Will individual security holders be required to accept the offer for a minimum number or value of +securities (i.e. a minimum acceptance condition)? No Will individual security holders be limited to accepting the offer for a maximum number or value of +securities (i.e. a maximum acceptance condition)? No Offer price details Has the offer price been determined? No How and when will the offer price be determined? Nil offer price as free attaching options to Placement completed on 3 October 2022 Will the offer price be determined by way of a bookbuild? No Oversubscription & Scale back details Will the entity be entitled to accept over-subscriptions? No Will a scale back be applied if the offer is over-subscribed? No 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 0.0500 31/1/2024

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

MOH : ORDINARY FULLY PAID

Number of securities that will be issued if the option is exercised

One fully paid ordinary share (ASX: MOH)

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.

Refer to Prospectus lodged with ASX on 9 December 2022

Part 5C - Timetable

5C.1 Lodgement date of +disclosure document or +PDS with ASIC

9/12/2022

5C.2 Date when +disclosure document or +PDS and acceptance forms will be made available to investors

12/12/2022

5C.3 Offer open date

12/12/2022

5C.4 Closing date for receipt of acceptances

19/12/2022

5C.6 Proposed +issue date

19/12/2022

Part 5D - Listing Rule requirements

5D.1 Has the entity obtained, or is it obtaining, +security holder approval for the entire issue under listing rule 7.1? Yes

5D.1a Date of meeting or proposed meeting to approve the issue under listing rule 7.1 29/11/2022

5D.2 Is a party referred to in listing rule 10.11 participating in the proposed issue? No

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Part 5E - Fees and expenses

5E.1 Will there be a lead manager or broker to the proposed offer? No 5E.2 Is the proposed offer to be underwritten? No 5E.3 Will brokers who lodge acceptances or renunciations on behalf of eligible +security holders be paid a handling fee or commission? No 5E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed offer Part 5F - Further Information 5F.01 The purpose(s) for which the entity intends to use the cash raised by the proposed issue No cash being raised, issue of options is free attaching to the participants of the Placement completed on 3 October 2022 and Lead Manager 5F.1 Will the entity be changing its dividend/distribution policy if the proposed offer is successful? No 5F.2 Please explain the entity's allocation policy for the offer, including whether or not acceptances from existing +security holders will be given priority 41,532,440 options are one for one free attaching to Placement participants and 10,000,000 options are to Lead Manager to the Placement 5F.3 URL on the entity's website where investors can download the +disclosure document or +PDS https://www.mohoresources.com.au/copy-of-asxreleases-2/q42022 5F.4 Any other information the entity wishes to provide about the proposed offer

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