POLARX LIMITED — Share Issue/Capital Change 2016

Aug 31, 2016

Appendix 3B New issue announcement

Ru le 2.7,3.1 0 .3,3.1 0 .4,3.1 0 .5

Appendix 3B

New issue announcement, application for quotation of additional securities and agreement

Information or docu ments notavailable now mu stbe given to A SX as soon as available. Information and docu ments given to A SX become A SX’s propertyand maybe made pu blic.

Introd u ced 01/07 /96 O rigin:A ppend ix 5 A mend ed 01/07 /98 ,01/09/99,01/07 /00,30/09/01,11/03/02,01/01/03,24/10/05,01/08 /12,04/03/13

N ame ofentity

Coventry Resources Limited

A C N 161 615 783

W e (the entity)give A SX the followinginformation.

Part 1 - All issues

You mu stcomplete the relevantsections (attachsheets ifthere is notenou ghspace).

1 +C lass of +secu rities issu ed or to be issu ed 2 N u mberof +secu rities issu ed orto be issu ed (if known)ormaximu m nu mberwhichmaybe issu ed 3 P rincipalterms of the +secu rities (e.g.if options,exercise price and expiry d ate; if partly paid +secu rities,the amou ntou tstand ing and d u e d ates for payment; if +convertible secu rities, the conversion price and d ates for conversion)	i) Fully paid ordinary shares ii) Unlisted options
	i) 56,473,750 ii) 2,000,000
	i) Fully paid ii) Exercisable at $0.039 each on or before 30 August 2019

Appendix 3B New issue announcement

ppendix 3B ew issue announcement
4 D o the +secu rities rank equ ally in allrespects from the +issu e d ate with an existing +class of qu oted +secu rities? If the ad d itional+secu rities d o not rankequ ally,please state:  the d ate from whichtheyd o  the extent to which they participate for the next d ivid end ,(in the case of atru st, d istribu tion) or interest payment  the extentto whichthey d o not rank equ ally, other than in relation to the next d ivid end , d istribu tionorinterestpayment 5 Issu e price orconsid eration 6 P u rpose ofthe issu e (If issu ed as consid eration for the acqu isition of assets, clearly id entifythose assets) 6a Is the entity an +eligible entity that has obtained secu rity hold er approvalu nd erru le 7 .1A ? If Y es,complete sections 6b –6h in relation to the + secu rities the su bjectof this A ppendix 3B ,and complywithsection6i 6b The d ate the secu rity hold er resolu tion u nd er ru le 7 .1A was passed 6c N u mber of +secu rities issu ed withou t secu rity hold er approval u nd erru le 7 .1 6d N u mber of +secu rities issu ed with secu rity hold erapprovalu nd erru le 7 .1A	i) The shares rank equally in all respects with existing quoted Shares ii) No – the shares issued pursuant to the exercise of options will rank equally with the existing quoted shares
	i) $0.032 ii) Nil
	i) Placement per announcement of 26 August 2016 ii) Issue of options in lieu of cash consideration for consulting services
	Yes
	15 April 2016
	58,473,750
	Nil

+See chapter19 ford efined terms.

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Appendix 3B New issue announcement

6e N u mber of +secu rities issu ed with secu rity hold erapprovalu nd erru le 7 .3, or another specific secu rity hold er approval (specify d ate of meeting) 6f N u mberof +secu rities issu ed u nd er anexceptioninru le 7 .2 6g If +secu rities issu ed u nd er ru le 7 .1A ,was issu e price atleast7 5% of 15 d ay V W A P as calcu lated u nd er ru le 7 .1A .3? Inclu d e the +issu e d ate and both valu es. Inclu d e the sou rce of the V W A P calcu lation. 6h If +secu rities were issu ed u nd er ru le 7 .1A for non-cash consid eration,state d ate on which valu ation of consid eration was released to A SX M arket A nnou ncements 6i C alcu late the entity’s remaining issu e capacity u nd er ru le 7 .1 and ru le 7 .1A – complete A nnexu re 1 and release to A SX M arket A nnou ncements 7 +Issu e d ates N ote:The issu e d ate may be prescribed by A SX (referto the d efinition of issu e d ate in ru le 19.12). For example, the issu e d ate for a pro rata entitlementissu e mu stcomply withthe applicable timetable inA ppend ix 7 A . C ross reference:item 33ofA ppend ix 3B . 8 N u mber and +class of all +secu rities qu oted on A SX (_inclu ding_the +secu rities insection 2 ifapplicable)	Nil	Nil
	Nil
	N/A
	N/A
	2,042,192 - Listing Rule 7.1 40,343,961 - Listing Rule 7.1A
	i) 1 September 2016 ii) 31 August 2016
	N u mber	~~+~~C lass
	459,913,365	Shares

Appendix 3B New issue announcement

9 N u mber and +class of all +secu rities not qu oted on A SX (_inclu ding_the +secu rities insection 2 ifapplicable)	N u mber	+C lass
	3,350,000 1,507,800 125,650 1,130,850 20,000,000 2,000,000 731,000 2,000,000	Unlisted options exercisable at C$0.05 on or before 28/11/16 Unlisted options exercisable at C$0.05 on or before 01/12/16 Unlisted options exercisable at C$0.05 on or before 08/03/17 Unlisted options exercisable at C$0.05 on or before 17/08/17 Unlisted options exercisable at $0.0143 on or before 19/02/2020 Unlisted options exercisable at $0.035 on or before 17/06/2020 Unlisted options exercisable at $0.026 on or before 30/06/2018 Unlisted options exercisable at $0.039 on or before 30/08/2019

*C$ means Canadian dollars

10 D ivid end policy (in the case of a N/A tru st,d istribu tion policy) on the increased capital(interests)

Part 2 - Pro rata issue

11 Is secu rity hold er approval N/A requ ired ?

+See chapter19 ford efined terms.

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Appendix 3B New issue announcement

	Appendix 3 New issue announceme
12 Is the issu e renou nceable or non- renou nceable? 13 Ratio in which the +secu rities will be offered 14 +C lass of +secu rities to which the offerrelates 15 +Record d ate to d etermine entitlements 16 W illhold ings on d ifferentregisters (or su bregisters) be aggregated for calcu latingentitlements? 17 P olicy for d ecid ing entitlements in relationto fractions 18 N ames of cou ntries in which the entity has secu rity hold ers who will notbe sentnew offerd ocu ments N ote: Secu rity hold ers mu st be told how their entitlements are to be d ealtwith. C ross reference:ru le 7 .7 . 19 C losing d ate for receipt of acceptances orrenu nciations 20 N ames ofanyu nd erwriters 21 A mou ntof any u nd erwriting fee or commission 22 N ames ofanybrokers to the issu e 23 Fee or commission payable to the brokerto the issu e 24 A mou ntofanyhand lingfee payable to brokers who lod ge acceptances or renu nciations on behalf of secu rityhold ers 25 If the issu e is contingenton secu rity hold ers’approval,the d ate of the meeting	N/A
	N/A
	N/A
	N/A
	N/A
	N/A
	N/A
	N/A
	N/A
	N/A
	N/A
	N/A
	N/A
	N/A

Appendix 3B New issue announcement

ppendix 3B ew issue announcement
26 D ate entitlement and acceptance form and offer d ocu ments willbe sentto persons entitled 27 If the entity has issu ed options,and the terms entitle option hold ers to participate on exercise,the d ate on whichnotices willbe sentto option hold ers 28 D ate rights trad ing willbegin (if applicable) 29 D ate rights trad ing will end (if applicable) 30 H ow d o secu rity hold ers selltheir entitlements in fu ll throu gh a broker? 31 H ow d o secu rityhold ers sell_part_of their entitlements throu gh abroker and acceptforthe balance? 32 H ow d o secu rity hold ers d ispose of their entitlements (except by sale throu ghabroker)? 33 +Issu e d ate	N/A
	N/A
	N/A
	N/A
	N/A
	N/A
	N/A
	N/A

+See chapter19 ford efined terms.

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Appendix 3B New issue announcement

Part 3 - Quotation of securities

You need onlycomplete this section ifyou are applyingforqu otation ofsecu rities

34 Type of[+] secu rities ( tickone )

• (a) +Secu rities d escribed inP art1

• (b) A llother[+] secu rities

• Example:restricted secu rities atthe end of the escrowed period ,partly paid secu rities thatbecome fu lly paid ,employee incentive share secu rities whenrestrictionend s,secu rities issu ed onexpiryorconversionofconvertible secu rities

Entities that have ticked box 34(a)

Additional securities forming a new class of securities

Tick to indicate you are providing the information or docu ments

• 35 If the[+] secu rities are[+] equ ity secu rities,the names of the 20 largesthold ers of the ad d itional[+] secu rities,and the nu mberand percentage of ad d itional[+] secu rities held by those hold ers

• 36 If the +secu rities are +equ ity secu rities,a d istribu tion sched u le of the ad d itional +secu rities settingou tthe nu mberofhold ers inthe categories 1 -1,000 1,001 -5,000 5,001 -10,000 10,001 -100,000 100,001 and over

• 37 A copyofanytru std eed forthe ad d itional[+] secu rities

Entities that have ticked box 34(b)

• 38 N u mber of +secu rities for which +qu otationis sou ght

• 39 +C lass of +secu rities for which qu otationis sou ght

Appendix 3B New issue announcement

40 D o the[+] secu rities rankequ ally in all respects from the[+] issu e d ate withan existing[+] class ofqu oted[+] secu rities? If the ad d itional[+] secu rities d o not rankequ ally,please state:  the d ate from whichtheyd o  the extent to which they participate forthe nextd ivid end , (in the case of a tru st, d istribu tion)orinterestpayment  the extentto which they d o not rank equ ally, other than in relation to the next d ivid end , d istribu tionorinterestpayment 41 Reason for requ est for qu otation now Example:In the case of restricted secu rities,end of restrictionperiod (if issu ed u pon conversion of another[+] secu rity, clearly id entify thatother[+] secu rity) N u mber +C lass 42 N u mberand[+] class of all[+] secu rities qu oted on A SX ( inclu ding the +secu rities inclau se 38 )

+See chapter19 ford efined terms.

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Appendix 3B New issue announcement

Quotation agreement

• 1 +Q u otation of ou rad d itional+secu rities is in A SX ’s absolu te d iscretion.A SX may qu ote the[+] secu rities onanycond itions itd ecid es.

• 2 W e warrantthe followingtoA SX .

• The issu e of the[+] secu rities to be qu oted complies withthe law and is not foranillegalpu rpose.

• There is noreasonwhythose[+] secu rities shou ld notbe granted[+] qu otation.

• A n offerof the[+] secu rities forsale within 12 months aftertheirissu e will notrequ ire d isclosu re u nd er section 7 07 (3) or section 1012C (6) of the C orporations A ct.

  • N ote:A n entity may need to obtain appropriate warranties from su bscribers forthe secu rities in ord erto be able to give this warranty

• Section 7 24 orsection 1016E of the C orporations A ctd oes notapplytoany applications received by u s in relation to any[+] secu rities to be qu oted and thatno-one has any rightto retu rn any[+] secu rities to be qu oted u nd er sections 7 37 ,7 38 or 1016F of the C orporations A ctatthe time thatwe requ estthatthe[+] secu rities be qu oted .

• If we are a tru st,we warrantthatno person has the rightto retu rn the +secu rities to be qu oted u nd ersection 1019B of the C orporations A ctatthe time thatwe requ estthatthe[+] secu rities be qu oted .

• 3 W e willind emnify A SX to the fu llestextentpermitted by law in respectof any claim,action or expense arising from or connected with any breach of the warranties inthis agreement.

• 4 W e give A SX the information and d ocu ments requ ired by this form. If any information or d ocu mentis notavailable now,we willgive itto A SX before +qu otation of the +secu rities begins. W e acknowled ge thatA SX is relyingon the informationand d ocu ments.W e warrantthattheyare (willbe)tru e and complete.

Signhere:

Ian Cunningham (Company Secretary)

D ate: 1 September 2016

==========

+See chapter19 ford efined terms.

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Appendix 3B New issue announcement

Appendix 3B – Annexure 1

Calculation of placement capacity under rule 7.1 and rule 7.1A for eligible entities

Introd u ced 01/08 /12 A mend ed 04/03/13

Part 1

Rule 7.1 – Issues exceeding 15% of capital

Step 1: Calculate “A”, the base figure from which the placement capacity is calculated

==> picture [415 x 474] intentionally omitted <==

----- Start of picture text -----

Insert nu mberoffu llypaid [+] ord inary 251, 57 8 , 18 6
s ec u rities on is s u e 12 months before the
+ is s u e d ate ord ate ofagreementto is s u e
Add the following:
• N u mberoffu llypaid [+] ord inarys ec u rities 129, 0 0 0 (14 D ec ember20 15)
is s u ed in that12 monthperiod u nd eran
exc eption in ru le 7 . 2
• N u mberoffu llypaid [+] ord inarys ec u rities 22, 7 32, 429 (14 D ec ember20 15)
is s u ed in that12 monthperiod with
129, 0 0 0 , 0 0 0 (11 M ay20 16)
s harehold erapproval
• N u mberofpartlypaid [+] ord inary N il
s ec u rities thatbec ame fu llypaid in that
12 monthperiod
Note:
• Include only ordinary securities here –
other classes of equity securities cannot
be added
• Include here (if applicable) the securities
the subject of the Appendix 3B to which
this form is annexed
• It may be useful to set out issues of
securities on different dates as separate
line items
Subtract the nu mberoffu llypaid [+] ord inary -
s ec u rities c anc elled d u ringthat12 month
period
“A” 40 3, 439, 615
----- End of picture text -----

+See chapter19 ford efined terms.

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Appendix 3B New issue announcement

Step 2: Calculate 15% of “A”
“B”	0 15 [Note: this value cannot be changed]
Multiply“A ”by0 15	60 515 942
Step 3: Calculate “C”, the amount of placement capacity under rule 7.1 that has already been used
Insertnu mberof+equ itys ec u rities is s u ed oragreed to be is s u ed in that12 month period not counting_thos e is s u ed • Und eran exc eption in ru le 7 2 • Und erru le 7 1A • W iths ec u rityhold erapprovalu nd erru le 7 1 orru le 7 4 _Note: • This applies to equity securities, unless specifically excluded – not just ordinary securities • Include here (if applicable) the securities the subject of the Appendix 3B to which this form is annexed • It may be useful to set out issues of securities on different dates as separate line items	2 0 0 0 0 0 0 options (31 A u gu s t20 16) 56 47 3 7 50 s hares (1 S eptember20 16)
“C”	58 47 3 7 50
Step 4: Subtract “C” from [“A” x “B”] to calculate remaining placement capacity under rule 7.1
“A ”x 0 15 Note: number must be same as shown in Step 2	60 515 942
Subtract“C ” Note: number must be same as shown in Step 3	58 47 3 7 50
Total[“A ”x 0 15] –“C ”	2 0 42 192 [Note: this is the remaining placement capacity under rule 7.1]

+See chapter19 ford efined terms.

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Appendix 3B New issue announcement

Part 2

Rule 7.1A – Additional placement capacity for eligible entities

Step 1: Calculate “A”, the base figure from which the placement capacity is calculated

“A” 40 3, 439, 615 Note: number must be same as shown in Step 1 of Part 1 Step 2: Calculate 10% of “A” “D” 0 . 10 Note: this value cannot be changed Multiply “A ”by0 . 10 40 , 343, 961

Step 3: Calculate “E”, the amount of placement capacity under rule 7.1A that has already been used

• Insert nu mberof[+] equ itys ec u rities is s u ed N il oragreed to be is s u ed in that12 month period u nd erru le 7 . 1A Notes: • This applies to equity securities – not just ordinary securities

• • Include here – if applicable – the securities the subject of the Appendix 3B to which this form is annexed

• • Do not include equity securities issued under rule 7.1 (they must be dealt with in Part 1), or for which specific security holder approval has been obtained

• • It may be useful to set out issues of securities on different dates as separate line items

• “E” N il

+See chapter19 ford efined terms.

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Appendix 3B New issue announcement

Step 4: Subtract “E” from [“A” x “D”] to calculate remaining placement capacity under rule 7.1A

Step 4: Subtract “E” from [“A” x “D”] to calculate remaining placement capacity under rule 7.1A	Step 4: Subtract “E” from [“A” x “D”] to calculate remaining placement capacity under rule 7.1A
“A ”x 0 10 Note: number must be same as shown in Step 2	40 343 961
Subtract“E” Note: number must be same as shown in Step 3	N il
Total[“A ”x 0 10 ] –“E”	40 343 961 Note: this is the remaining placement capacity under rule 7.1A

+See chapter19 ford efined terms.

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