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REMSENSE TECHNOLOGIES LIMITED Capital/Financing Update 2024

Mar 10, 2024

65684_rns_2024-03-10_6185ec44-fd16-46ce-9dee-ac532eb52fe1.pdf

Capital/Financing Update

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ASX Announcement- REM 11 March 2024

ENTITLEMENTS ISSUE SHORTFALL ISSUE

On 13 December 2023 RemSense Technologies Limited (“RemSense”) advised that the Entitlements Issue announced on 11 November 2023 had closed, with a shortfall of $1,653,431.

The Company advises that it has today issued 21,175,000 fully paid ordinary shares (and 10,587,500 free attaching options exercisable at 4 cents each on or before 9 November 2026) by way of placement of shortfall. The total consideration received for the shortfall placement was $423,500.

The shares and options were issued pursuant to Listing Rule 7.2 Exception 3.

The capital raised from the shortfall issue is in addition to the $300,000 in shares and options to be issued to newly appointed Directors Richard Pace ($250,000) and John Clegg ($50,000), such issue subject to shareholder approval as advised on 1 March 2024.

This release is authorised by the board of the company.

David McArthur Company Secretary 0412902477

Suite 173, 580 Hay St Perth WA 6000| +61 8 6118 5610 | [email protected] ACN 648 834 771