RAGNAR METALS LIMITED — Major Shareholding Notification 2021

Aug 19, 2021

Form 603

Corporations Act 2001 Section 671B

Notice of initial substantial holder

To: Company Name/Scheme	RAGNAR METALS LIMITED
ACN/ARSN	12 108 560 069
1. Details of substantial holder (1)
Name	Mr Jason Peterson
ACN/ARSN (if applicable)	n/a
The holder became a substantial holder on	19/05/2021

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	Person's votes (5)	Voting power (6)
Ordinary fully paid (O.F.P.)	23,500,000	23,500,000	6.83%

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
Celtic Capital P/L < Celtic Capital No 4 A/C>	Celtic Capital P/L < Celtic Capital No 4 A/C>	500,000
Celtic Capital P/L	Celtic Capital P/L	1,000,000
Celtic Capital Pty Ltd <investment 1="" a="" c="">	Celtic Capital Pty Ltd <investment 1="" a="" c="">	5,000,000
Sunset Capital Management P/L <sunsetSuperfund A/C></sunset	Sunset Capital Management P/L	17,000,000

4. Details of present registered holders

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

Holders of relevant	Registered holder of	Person entitled to be	Class and number
interest	Securities	registered as a holder (8)	of securities
Celtic Capital P/L	Celtic Capital P/L	Celtic Capital P/L	500,000
< Celtic Capital No 4 A/C>	< Celtic Capital No 4 A/C>	< Celtic Capital No 4 A/C>
Celtic Capital P/L	Celtic Capital P/L	Celtic Capital P/L	1,000,000
Celtic Capital Pty Ltd	Celtic Capital Pty Ltd	Celtic Capital Pty Ltd	5,000,000
<investment 1="" a="" c="">	<investment 1="" a="" c="">	<investment 1="" a="" c="">
Sunset Capital Management P/LSunset Capital Management P/L		Sunset Capital Management P/L	17,000,000

5. Consideration

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

Holder of relevant interest	Date of acquisitionConsideration (9)			Class and number of securities
		Cash	Non-cash
Celtic Capital P/L < Celtic Capital No 4 A/C>	19/05/2021	$10,000.00		500,000
Celtic Capital P/L	19/05/2021	$20,000.00		1,000,000
Celtic Capital Pty Ltd <investment 1="" a="" c="">	19/05/2021	$100,000.00		5,000,000
Sunset Capital Management P/L	Various	$390,142.51		17,000,000

6. Associates

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

Name and ACN/ARSN (if applicable)	Nature of association
Celtic Capital P/L < Celtic Capital No 4 A/C>	Director
Celtic Capital P/L	Director
Celtic Capital Pty Ltd <investment 1="" a="" c="">	Director
Sunset Capital Management P/L	Trustee

7. Addresses

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

Name	Address
Celtic Capital P/L < Celtic Capital No 4 A/C>	C/- PO Box Z5467, Perth St Georges Terrace, Perth WA 6831
Celtic Capital P/L	C/- PO Box Z5467, Perth St Georges Terrace, Perth WA 6831
Celtic Capital Pty Ltd <investment 1="" a="" c="">	C/- PO Box Z5467, Perth St Georges Terrace, Perth WA 6831
Sunset Capital Management P/L	C/- PO Box Z5467, Perth St Georges Terrace, Perth WA 6831

Signature

print name	Mr Jason Peterson	capacity	Director & Trustee
sign here		date	1908//2021