PATERSON RESOURCES LTD — Share Issue/Capital Change 2020

Nov 10, 2020

Notification of Consolidation/Split

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Announcement Summary

Entity name

PATERSON RESOURCES LTD

Applicable security for the reorganisation

PSL ORDINARY FULLY PAID

Announcement Type

New Announcement

Date of this announcement

Wednesday November 11, 2020

Reorganisation type

Security consolidation

Trading in the post consolidation or split +securities commences on a deferred settlement basis Wednesday December 16, 2020

Record Date

Thursday December 17, 2020

Issue Date

Thursday December 24, 2020

Refer to below for full details of the announcement

Notification of Consolidation/Split

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Notification of Consolidation/Split

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Announcement Details

Part 1 - Entity and announcement details

1.1 Name of +Entity PATERSON RESOURCES LTD 1.2 Registered Number Type Registration Number ABN 45115593005 1.3 ASX issuer code PSL

1.4 The announcement is New announcement

1.5 Date of this announcement Wednesday November 11, 2020

1.6 Securities affected by the consolidation or split

ASX +Security Code ASX +Security Description PSL ORDINARY FULLY PAID

Part 2 - Approvals

2.1 Are any of the below approvals required for the consolidation or split before business day 0 of the timetable? Security holder approval Court approval Lodgement of court order with +ASIC ACCC approval FIRB approval Another approval/condition external to the entity required to be given/met before business day 0 of the timetable for the consolidation or split. Yes

2.2 Approvals

Notification of Consolidation/Split

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Notification of Consolidation/Split

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Approval/Condition

+Security holder approval

Date for determination

Friday December 11, 2020

Is the date estimated or Approval actual? received/condition met? Actual No

Comments

Date of Annual General Meeting to approve the Share Consolidation

Part 3 - Consolidation or split timetable and details

3.1 +Record date

Thursday December 17, 2020

3.2 Date of +security holder meeting

Friday December 11, 2020

3.2a Effective date of consolidation or split

Monday December 14, 2020

3.3 Last day for trading in the pre consolidation or split +securities

Tuesday December 15, 2020

3.4 Trading in the post consolidation or split +securities commences on a deferred settlement basis.

Wednesday December 16, 2020

3.5 Record date

Thursday December 17, 2020

3.6 First day for entity to update its register and to send holding statements to +security holders reflecting the change in the number of +securities they hold.

Friday December 18, 2020

3.7 Last day for entity to update its register and send holding statements to +security holders reflecting the change in the number of +securities they hold and to notify ASX that this has occurred. (+Issue Date)

Thursday December 24, 2020

3.8 Trading starts on a normal T+2 basis

Tuesday December 29, 2020

3.9 First settlement of trades conducted on a +deferred settlement basis and on a normal T+2 basis

Thursday December 31, 2020

Part 4 - Event type and details

4.1 The event is

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+Security consolidation

Notification of Consolidation/Split

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Notification of Consolidation/Split

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4.1a Consolidation ratio: the +securities will be consolidated on the basis that every

15

(pre-consolidation) +securities will be consolidated into 1

(post-consolidation) +security (/ies).

4.2 Scrip fraction rounding

Fractions rounded up to the next whole number

Part	5 - +Securities on issue before and after consolidation or split
	5.1 +Securities on issue before and after the consolidation or split
	ASX +Security CodeASX +Security Description
	PSLORDINARY FULLY PAID
	Quoted/unquotedNumber on issue pre	Number on issue post	Estimate/Actual
	consolidation or splitQuoted	consolidation or split	Actual
	4,505,533,061	300,368,871
Part	6 - Further information
	6.1 Further information relating to the consolidation or split
	Refer to Notice of Meeting lodged with ASX on 11 December	2020 (Resolution 11) for	further details

6.2 Additional information for inclusion in the Announcement Summary

Notification of Consolidation/Split

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