PEAKO LIMITED — Capital/Financing Update 2023

Oct 9, 2023

Results of Entitlement Offer

10 October 2023

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Peako Limited (ASX: PKO) ( Peako or the Company ) is pleased to announce that the renounceable rights issue announced on 3 October 2023 has closed raising $391,591 (before costs). The Company will issue 55,941,561 new fully paid ordinary shares (“ Shares ”) and 55,941,561 new options exercisable at $0.02, with expiry date of 30 November 2026 (“ Options ”).

The proceeds will be used to support Peako’s exploration activities which are focussed on its Eastman PGE Project in the Kimberley region of Western Australia.

The Company’s directors took up entitlements amounting to $286,880, demonstrating their commitment to and confidence in the company’s projects and its future.

Allocations are set out below:

	Funds Raised	Shares*	Options*
Pro-rata rights taken up	$354,611.13	50,658,696	50,658,696
Shortfallplaced	$36,980.11	5,282,865	5,282,865
Total	$391,591.24	55,941,561	55,941,561

*The number of new Shares and Options issued is subject to rounding.

The new securities are expected to be issued today, in accordance with the timetable in the prospectus. The remaining Shortfall shares following the issue of these New Shares is 100,968,593 New Shares and 100,968,593 Rights Issue Options. The Directors reserve the right to place any shortfall shares at their discretion within 3 months of the closing date.

Commenting on the close of the Entitlement Offer, Peako’s Executive director Rae Clark said “The Board thanks our shareholders for their support of the rights issue.”

This announcement is approved by the Board of Peako Limited

For more information

Rae Clark

Director, Peako Limited | +61 3 8610 4723 | info@peako.com.au | |

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