PEPPERMINT INNOVATION LIMITED — Major Shareholding Notification 2011

Dec 20, 2011

Form 603

Corporations Act 2001 Section 671B

Notice of initial substantial holder

To Company Name/Scheme	Chrysalis Resources Ltd
ACN/ARSN	125 931 964
1. Details of substantial holder (1)Name	Grant Anthony Kidner
ACN / ARSN (if applicable)
The holder became a substantial holder on20 /12 /2011

2. Details of 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 on the date the substantial holder became a substantial holder are as follows:

Class of securities (4)	Number of securities	Persons' votes (5)	Voting power (6)
Ordinary fully paid	3.581.724	3.581.724	5.32%
shares

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

Holder of relevant interest	Nature of relevant interest (7)	Class and number of securities
RJK Trust	Registered holder	500,000 Ord shares80,000 Options
Lizrow Pty Ltd ATF Kidner Trust	Registered holder	946,724 Ord shares1,250,000 Options
Kew Gardens Pty Ltd	Registered holder	15,000 Ord shares10,000 Options
Ultimo Catering & Events Pty Ltd	Registered holder	245,000 Ord shares600,000 Options
Grant Anthony Kidner	Registered holder	1,875,000 Ord shares250,000 Options

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevantinterest	Registered holder ofsecurities	Person entitled to beregistered as holder (8)	Class and number ofsecurities
RJK Trust	RJK Trust	RJK Trust	500,000 Ord shares80,000 Options
Lizrow Pty Ltd ATF-Kidner-Trust—	Lizrow Pty Ltd ATFKidner–Trust–	Lizrow Pty Ltd ATF Kidner-Trust–	946 724 Ord shares-1 ,2 50,000-Options-
Kew Gardens Pty Ltd	Kew Gardens Pty Ltd	Kew Gardens Pty Ltd	15,000 Ord shares10,000 Options
Ultimo Catering &Events Pty Ltd	Ultimo Catering &Events Pty Ltd	Ultimo Catering & Events PtvLtd	245,000 Ord shares600,000 Options
Grant Anthony Kidner	Grant Anthony Kidner	Grant Anthony Kidner	1,875,000 Ord shares250,000 Options

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

Holder of relevantinterest	Date of acquisition	Consideration (9)		Class and number ofsecurities
		Cash	Non-cash
RJK Trust	20/12/2011	$10,000	-	200,000 Ord shares
	14/10/2011	$5,000	$\rightarrow$	100,000 Ord shares
Lizrow Pty Ltd ATF	20/12/2011	$36,086.20	$\overline{\phantom{0}}$	721,724 Ord shares
Kidner Trust	14/10/2011	$3,750	$\blacksquare$	75,000 Ord shares
Kew Gardens Pty Ltd	14/10/2011	$250		5,000 Ord shares
Ultimo Catering &	20/12/2011	$10,000		200,000 Ord shares
Events Pty Ltd	14/10/2011	$750	$\overline{\phantom{a}}$	15,000 Ord shares
Grant Anthony Kidner	14/10/2011	$31 250		625,000 Ord shares

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

Name and ACN/ARSN (if applicable)	Nature of association
RJK Trust	Trustee
Lizrow Pty Ltd ATF Kidner Trust	Director
Kew Gardens Pty Ltd	Director
Ultimo Catering & Events Pty Ltd	Director

7. Addresses

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

______________Name.	.- 1699- 55
$-1.24$יים ב'hon<br>idnerm_____	-----------.--------------------------------------6015CityRc. WABeachJban---------________________---
	-----

Signature

• If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the $(1)$ manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 7 of the form.
• $(2)$ See the definition of "associate" in section 9 of the Corporations Act 2001.
• See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations A. $(3)$
• The voting shares of a company constitute one class unless divided into separate classes. $(4)$
• The total number of votes attached to all the voting shares in the company or voting interests in the scheme (if any) that the person or an $(5)$ associate has a relevant interest in.
• The person's votes divided by the total votes in the body corporate or scheme multiplied by 100. $(6)$
• Include details of: $(7)$
  • $(a)$ any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract. scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and
  • any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of $(b)$ the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

• If the substantial holder is unable to determine the identity of the person (eg. If the relevant interest arises because of an option) write "unknown". $(8)$
• $(9)$ Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.