RAIDEN RESOURCES LIMITED — Capital/Financing Update 2021

Apr 22, 2021

Proposed issue of securities

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Announcement Summary

Entity name

RAIDEN RESOURCES LIMITED

Announcement Type

New announcement

Date of this announcement

Friday April 23, 2021

The Proposed issue is:

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A placement or other type of issue

Total number of +securities proposed to be issued for a placement or other type of issue

		Maximum Number of
ASX +security code	+Security description	+securities to be issued
RDN	ORDINARY FULLY PAID	41,666,666

Proposed +issue date

Monday May 24, 2021

Refer to next page for full details of the announcement

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Part 1 - Entity and announcement details

1.1 Name of +Entity

RAIDEN RESOURCES LIMITED

We (the entity named above) give ASX the following information about a proposed issue of +securities and, if ASX agrees to +quote any of the +securities (including any rights) on a +deferred settlement basis, we agree to the matters set out in Appendix 3B of the ASX Listing Rules.

1.2 Registered Number Type

ABN

Registration Number

68009161522

1.3 ASX issuer code

RDN

1.4 The announcement is

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New announcement

1.5 Date of this announcement

Friday April 23, 2021

1.6 The Proposed issue is:

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A placement or other type of issue

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Part 7 - Details of proposed placement or other issue

Part 7A - Conditions

7A.1 - Are any of the following approvals required for the placement or other type of issue? +Security holder approval Court approval Lodgement of court order with +ASIC ACCC approval FIRB approval Another approval/condition external to the entity No

Part 7B - Issue details

Is the proposed security a 'New Will the proposed issue of this class' (+securities in a class that is +security include an offer of not yet quoted or recorded by ASX) attaching +securities? or an 'Existing class' (additional No securities in a class that is already quoted or recorded by ASX)? Existing class

Details of +securities proposed to be issued

ASX +security code and description RDN : ORDINARY FULLY PAID

Number of +securities proposed to be issued

41,666,666

Offer price details

Are the +securities proposed to be issued being issued for a cash consideration? No

Please describe the consideration being provided for the +securities

Acquisition of remaining 25% interest in tenements E45/3571 E45/3474 M45/115 M45/987 E45/3586 E47/3476 E47/3478

Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities 1,000,000.000000

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Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class? Yes

Part 7C - Timetable

7C.1 Proposed +issue date

Monday May 24, 2021

Part 7D - Listing Rule requirements

7D.1 Has the entity obtained, or is it obtaining, +security holder approval for the entire issue under listing rule 7.1? No

7D.1b Are any of the +securities proposed to be issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1? Yes

7D.1b ( i ) How many +securities are proposed to be issued without security holder approval using the entity's 15% placement capacity under listing rule 7.1?

Approximately 41,666,667 shares based on closing price at 21/04/2021 however the issue to Pacton at completion is the number of ordinary shares to A$1,000,000 in fully paid ordinary shares of Raiden, based on a 20 day VWAP from date of execution of the agreement (6 months voluntary escrow from date of issue)

7D.1c Are any of the +securities proposed to be issued without +security holder approval using the entity's additional 10% placement capacity under listing rule 7.1A (if applicable)? No

7D.2 Is a party referred to in listing rule 10.11 participating in the proposed issue? No

7D.3 Will any of the +securities to be issued be +restricted securities for the purposes of the listing rules? No

7D.4 Will any of the +securities to be issued be subject to +voluntary escrow? Yes

7D.4a Please enter the number and +class of the +securities subject to +voluntary escrow and the date from which they will cease to be subject to +voluntary escrow

Approximately 41,666,667 shares based on closing price at 21/04/2021 however the issue to Pacton at completion is the number of ordinary shares to A$1,000,000 in fully paid ordinary shares of Raiden, based on a 20 day VWAP from date of execution of the agreement (6 months voluntary escrow from date of issue)

Part 7E - Fees and expenses

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7E.1 Will there be a lead manager or broker to the proposed issue? No

7E.2 Is the proposed issue to be underwritten? No

7E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed issue

Part 7F - Further Information

7F.01 The purpose(s) for which the entity is issuing the securities

Acquisition of remaining 25% interest in tenements E45/3571 E45/3474 M45/115 M45/987 E45/3586 E47/3476 E47/3478

7F.1 Will the entity be changing its dividend/distribution policy if the proposed issue proceeds? No

7F.2 Any other information the entity wishes to provide about the proposed issue

Approximately 41,666,667 shares based on closing price at 21/04/2021 however the issue to Pacton at completion is the number of ordinary shares to A$1,000,000 in fully paid ordinary shares of Raiden, based on a 20 day VWAP from date of execution of the agreement (6 months voluntary escrow from date of issue)

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