PTR MINERALS LTD — Share Issue/Capital Change 2016

Nov 24, 2016

Appendix 3B New issue announcement

ule 2.7, 3.10.3, 3.10.4, 3.10.5

Appendix 3B

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

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 01/07/96 Origin: Appendix 5 Amended 01/07/98, 01/09/99, 01/07/00, 30/09/01, 11/03/02, 01/01/03, 24/10/05, 01/08/12

Name of entity

PETRATHERM LIMITED

ABN

17 106 806 884

We (the entity) give ASX the following information.

Part 1 - All issues

You must complete the relevant sections (attach sheets if there is not enough space).

1 +Class of+securities issued or to be issued 2 Number of+securities issued or to be issued (if known) or maximum number which may be issued 3 Principal terms of the+securities (eg, if options, exercise price and expiry date; if partly paid +securities, the amount outstanding and due dates for payment; if +convertible securities, the conversion price and dates for conversion)	Unquoted Options
	a) 3,500,000 (three million five hundred thousand) b) 1,500,000 (one million five hundred thousand) c) 2,000,000 (two million)
	a) Exercise price: $0.05 Expiry date: 24/11/2019 b) Exercise price: $0.09 Expiry date: 24/11/2019 c) Exercise price: $0.12 Expiry date: 24/11/2019

• See chapter 19 for defined terms.

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4 Do the[+] securities rank equally in N/A all respects from the date of allotment with an existing[+] class of quoted[+] securities? If the additional securities do not rank equally, please state:  the date from which they do  the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment  the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment 5 Issue price or consideration NIL 6 Purpose of the issue Issued as incentives for the Directors (If issued as consideration for the acquisition of assets, clearly identify those assets) 6a Is the entity an[+] eligible entity that Yes has obtained security holder approval under rule 7.1A? If Yes, complete sections 6b – 6h in relation to the[+] securities the subject of this Appendix 3B , and comply with section 6i 6b The date the security holder 9 November 2016 resolution under rule 7.1A was passed 6c Number of +securities issued NIL without security holder approval under rule 7.1 6d Number of[+] securities issued with NIL security holder approval under rule 7.1A

• See chapter 19 for defined terms.

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6e Number of[+] securities issued with NIL security holder approval under rule 7.3, or another specific security holder approval (specify date of meeting) 6f Number of securities issued under N/A an exception in rule 7.2 6g If securities issued under rule N/A 7.1A, was issue price at least 75% of 15 day VWAP as calculated under rule 7.1A.3? Include the issue date and both values. Include the source of the VWAP calculation. 6h If securities were issued under rule N/A 7.1A for non-cash consideration, state date on which valuation of consideration was released to ASX Market Announcements 6i Calculate the entity’s remaining 7.1 – 8,471,125 issue capacity under rule 7.1 and rule 7.1A – complete Annexure 1 7.1A – 8,980,750 and release to ASX Market Announcements 7 Dates of entering[+] securities into 24 November 2016 uncertificated holdings or despatch of certificates Number +Class 8 Number and +class of all 94,807,503 Ordinary Shares +securities quoted on ASX ( including the securities in section 2 if applicable) Number +Class 9 Number and +class of all 7,085,000 Options +securities not quoted on ASX ( including the securities in section 2 if applicable)

• See chapter 19 for defined terms.

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10 Dividend policy (in the case of a No dividend payable in accordance with current trust, distribution policy) on the policy increased capital (interests)

Part 2 - Bonus issue or pro rata issue

11 Is security holder approval required? 12 Is the issue renounceable or non- renounceable? 13 Ratio in which the+securities will be offered 14 +Class of+securities to which the offer relates 15 +Record date to determine entitlements 16 Will holdings on different registers (or subregisters) be aggregated for calculating entitlements? 17 Policy for deciding entitlements in relation to fractions 18 Names of countries in which the entity has+security holders who will not be sent new issue documents Note: Security holders must be told how their entitlements are to be dealt with. Cross reference: rule 7.7. 19 Closing date for receipt of acceptances or renunciations 20 Names of any underwriters 21 Amount of any underwriting fee or commission 22 Names of any brokers to the issue 23 Fee or commission payable to the broker to the issue	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

• See chapter 19 for defined terms.

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24 Amount of any handling fee payable to brokers who lodge acceptances or renunciations on behalf of +security holders 25 If the issue is contingent on +security holders’ approval, the date of the meeting 26 Date entitlement and acceptance form and prospectus or Product Disclosure Statement will be sent to persons entitled 27 If the entity has issued options, and the terms entitle option holders to participate on exercise, the date on which notices will be sent to option holders 28 Date rights trading will begin (if applicable) 29 Date rights trading will end (if applicable) 30 How do+security holders sell their entitlements_in full_through a broker? 31 How do+security holders sell_part_ of their entitlements through a broker and accept for the balance? 32 How do+security holders dispose of their entitlements (except by sale through a broker)? 33 +Despatch date	N/A
	N/A
	N/A
	N/A
	N/A
	N/A
	N/A
	N/A
	N/A
	N/A

• See chapter 19 for defined terms.

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