RIEDEL RESOURCES LIMITED — Share Issue/Capital Change 2022

Dec 5, 2022

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Announcement Summary

Entity name

RIEDEL RESOURCES LIMITED

Date of this announcement

Tuesday December 06, 2022

The +securities the subject of this notification are:

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Other

Total number of +securities to be issued/transferred

		Total number of
ASX +security		+securities to be
code	Security description	issued/transferred	Issue date
New class - code	Unquoted Options (OP6) at an exercise price of	13,300,000	06/12/2022
to be confirmed	$0.01 expiring three years from the date of issue
New class - code	Unquoted Options (OP7) at an exercise price of	5,000,000	06/12/2022
to be confirmed	$0.01 expiring three years from the date of issue

Refer to next page for full details of the announcement

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 1 - Entity and announcement details

1.1 Name of entity

RIEDEL RESOURCES LIMITED

We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.

1.2 Registered number type

ABN

Registration number

91143042022

1.3 ASX issuer code

RIE

1.4 The announcement is

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New announcement

1.5 Date of this announcement

6/12/2022

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 2 - Issue details

2.1 The +securities the subject of this notification are:

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Other

Please specify

Issue of Unquoted Options approved by shareholders at Annual General Meeting held on 23 Nov 2022

2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which:

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does not have an existing ASX security code ("new class")

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 3C - number and type of +securities the subject of this notification (new class) where issue has not previously been notified to ASX in an Appendix 3B

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----- Start of picture text -----

New +securities
ASX +security code +Security description
New class - code to be confirmed Unquoted Options (OP6) at an exercise price of $0.01
expiring three years from the date of issue
+Security type ISIN code
Options
Date the +securities the subject of this notification were issued
6/12/2022
Will all the +securities issued in this class rank equally in all respects from their issue date?
Yes
Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under
listing rule 6.1?
Yes
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being
issued.
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02586248-6A1117006?access_token=8
3ff96335c2d45a094df02a206a39ff4
Options Details
+Security currency Exercise price Expiry date
AUD - Australian Dollar AUD 0.01000000 6/12/2025
Details of the existing class of +security that will be issued upon exercise or conversion of this new class of
company option
Other
Description
Unquoted Options at an exercise price of $0.01 expiring three years from the date of issue
Any other information the entity wishes to provide about the +securities the subject of this notification
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13,300,000 Unquoted Options (OP6) (Exercise price of $0.01 =, Expiry Date 3 Years from date of issue) - refer Resolution 7, approved by Shareholders at AGM held on 23 Nov 2022 Please provide any further information needed to understand the circumstances in which you are notifying the

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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issue of these +securities to ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02574346-6A1111985?access_token=8 3ff96335c2d45a094df02a206a39ff4

It was an administrative oversight that the 13.3 million unquoted options to be issued to lead manager which were subject to shareholder approval were no included in the Appendix 3B lodged at same time as this announcement.

Issue details

Number of +securities

13,300,000

Were the +securities issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

Part remuneration for the role as Lead Manager to the Placement announced on 29 September 2022

Purpose of the issue

To pay for services rendered

Additional Details

New +securities

ASX +security code

+Security description

New class - code to be confirmed Unquoted Options (OP7) at an exercise price of $0.01 expiring three years from the date of issue

+Security type

ISIN code

Options

Date the +securities the subject of this notification were issued

6/12/2022

Will all the +securities issued in this class rank equally in all respects from their issue date?

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Yes

Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1?

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Yes

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02586248-6A1117006?access_token=8 3ff96335c2d45a094df02a206a39ff4

Options Details

+Security currency

AUD - Australian Dollar

Exercise price Expiry date AUD 0.01000000 6/12/2025

Expiry date

Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option

Other

Description

Unquoted Options at an exercise price of $0.01 expiring three years from the date of issue

Any other information the entity wishes to provide about the +securities the subject of this notification

5,000,000 Unquoted Options (OP7) (Exercise price of $0.01 =, Expiry Date 3 Years from date of issue) - refer Resolution 12, approved by Shareholders at AGM held on 23 Nov 2022

Please provide any further information needed to understand the circumstances in which you are notifying the issue of these +securities to ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B

The 5 million unquoted incentive options were a late agenda item added to the Notice of AGM seeking shareholder approval for their issue

Issue details

Number of +securities

5,000,000

Were the +securities issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

Issued to the Chairman as a component of his remuneration in recognition of the increased project related work activities.

Purpose of the issue

To pay for services rendered

Additional Details

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Part 4 - +Securities on issue

Following the issue, conversion or payment up of the +securities the subject of this application, the +securities of the entity will comprise:

(A discrepancy in these figures compared to your own may be due to a matter of timing if there is more than one application for quotation/issuance currently with ASX for processing.)

4.1 Quoted +Securities (Total number of each +class of +securities quoted)

Total number of ASX +security code and description +securities on issue RIE : ORDINARY FULLY PAID 1,331,707,062

4.2 Unquoted +Securities (Total number of each +class of +securities issued but not quoted on ASX)

	Total number of
ASX +security code and description	+securities on issue
RIEAC : OPTION EXPIRING 14-DEC-2023 EX $0.0125	150,000,000
New class - code to be confirmed : Unquoted Options (OP6) at an exercise price of $0.01	13,300,000
expiring three years from the date of issue
New class - code to be confirmed : Unquoted Options (OP7) at an exercise price of $0.01	5,000,000
expiring three years from the date of issue

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Part 5 - Other Listing Rule requirements

5.1 Were the +securities issued under an exception in Listing Rule 7.2 and therefore the issue did not need any security holder approval under Listing Rule 7.1? No

5.2 Has the entity obtained, or is it obtaining, +security holder approval for the issue under listing rule 7.1? Yes

5.2a Date of meeting or proposed meeting to approve the issue under listing rule 7.1

23/11/2022

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