REDCASTLE RESOURCES LIMITED — Capital/Financing Update 2015

Sep 30, 2015

**GRP

Corporation Limited**

Suite 6, 295 Rokeby Road SUBIACO WA 6008 ABN 57 096 781 716 PH: +61 (0)8 6555 2950 FX: +61 (0)8 9382 1222 EM: info@grpcorporation.com W: www.grpcorporation.com

ASX / MEDIA RELEASE ASX: GRP 1 October 2015

Completion of Share Placement and Convertible Note

The Board of GRP Corporation Limited (‘GRP Corporation’ or ‘the Company’) is pleased to announce that it has completed a placement of 3,790,240 fully paid ordinary shares at $0.02 per share raising a total of $75,804.80. Each share issued will have one free attaching option exercisable at $0.03 and an expiry date of 3 years from the date of issue.

The Company has also completed an issue of 12,000,000 Convertible Notes with the following terms:

• Each note has a face value of $0.02;

• The notes are an unsecured obligation on the Company;

• No interest is payable on the notes;

  • Each note will convert into one ordinary share in the Company within five business days of the Company obtaining shareholder approval in a general meeting to convert the notes into shares in accordance with the ASX Listing Rules and all other requirements; and,

  • Upon conversion, each new share issued will also have one free attaching option issued exercisable at $0.03 and an expiry date of 3 years from the date of issue.

• The Notes are transferable; and,

• The Company covenants to see Shareholder Approval as soon as practical after the issue.

No related parties or associates of related parties of the Company participated in the Placement or Convertible Note Issue.

The funds raised from the Placement and Convertible Note Issue will be used for working capital purposes.

FURTHER INFORMATION

Mark Rowbottam

Non-Executive Chairman

• E : mark@allegracorp.com . au T : 0411 886 084

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