RINCON RESOURCES LIMITED — Major Shareholding Notification 2022

Apr 21, 2022

Form 603

Corporations Act 2001 Section 671B

Notice of initial substantial holder

To Company Name/Scheme	Rincon Resources Limited
ACN/ARSN	ACN 628 003 538
1. Details of substantial holder (1)
Name	Daniel James Fraser
ACN/ARSN (if applicable)
The holder became a substantial holder on	15 122020//

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 Shares	2,807,458	2,807,458	5.46%

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
Ironside Capital Pty Ltd	Indirect	608,333 Ordinary Shares
Dingo Yachts Creative Pty Ltd	Indirect	2,199,125 Ordinary Shares

4. Details of present registered holders

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

Holder of relevantinterest	Registered holder ofsecurities	Person entitled to beregistered as holder (8)	Class and numberof securities
Ironside Capital Pty Ltd	Ironside Capital Pty Ltd	Ironside Capital Pty Ltd	608,333 OrdinaryShares
Dingo Yachts Creative Pty Ltd	Dingo Yachts Creative Pty Ltd	Dingo Yachts Creative Pty Ltd	2,199,125 OrdinaryShares

5. Consideration

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

Holder of relevantinterest	Date of acquisition	Consideration (9)		Class and numberof securities
		Cash	Non-cash
See Annexure A

6. Associates

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

Name and ACN/ARSN (if applicable)	Nature of association
N/A

7. Addresses

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

Name	Address
Ironside Capital Pty Ltd	55 Carrington Street, Nedlands WA 6009
Dingo Yachts Creative Pty Ltd	13 Pacific Avenue, Tamarama NSW 2026

Signature

print name	Daniel James Fraser	capacity		Individual
sign here		date	20/	04/	2022

DIRECTIONS

• (1) If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 7 of the form.
• (2) See the definition of "associate" in section 9 of the Corporations Act 2001.
• (3) See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.
• (4) The voting shares of a company constitute one class unless divided into separate classes.
• (5) The total number of votes attached to all the voting shares in the company or voting interests in the scheme (if any) that the person or an associate has a relevant interest in.
• (6) The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.
• (7) Include details of:
  • (a) any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and
  • (b) any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

• (8) If the substantial holder is unable to determine the identity of the person ( eg. if the relevant interest arises because of an option) write "unknown".
• (9) Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.

ANNEXURE A

THIS ANNEXURE A OF 1 PAGE REFFERED TO IN FORM 603 (NOTICE OF INITIAL SUBSTANTIAL HOLDER).

_______________________

DANIEL JAMES FRASER

DATED: 20 April 2022

CONSIDERATION

HOLDER OF RELEVANT	DATE OF	CONSIDERATION		CLASS AND NUMBER OF
INTEREST	ACQUISITION			SECURITIES
		CASH	Non-CASH
IRONSIDE CAPITAL PTY LTD	08/12/2020	$33,200.00		608,333 ORDINARY SHARES
DINGO YACHTS CREATIVE	08/12/2020	$120,018.00		2,199,125 ORDINARY SHARES
PTY LTD
IRONSIDE CAPITAL PTY LTD	15/12/2020	$13.20		132,000 ORDINARY SHARES

GUIDE This guide does not form part of the prescribed form and is included by ASIC to assist you in completing and lodging form 603.

Signature	This form must be signed by either a director or a secretary of the substantial holder.
Lodging period	Nil
Lodging Fee	Nil
Other forms to becompleted	Nil
Additional information	G(a) If additional space is required to complete a question, the information may be included on a separate pieceof paper annexed to the form.
	U(b)This notice must be given to a listed company, or the responsible entity for a listed managed investmentscheme. A copy of this notice must also be given to each relevant securities exchange.(c) The person must give a copy of this notice:(i) within 2 business days after they become aware of the information; orI(ii) by 9.30 am on the next trading day of the relevant securities exchange after they become aware of theinformation if:(A)a takeover bid is made for voting shares in the company or voting interests in the scheme; and(B)the person becomes aware of the information during the bid period.
Annexures	DTo make any annexure conform to the regulations, you must1 use A4 size paper of white or light pastel colour with a margin of at least 10mm on all sides2 show the corporation name and ACN or ARBN3 number the pages consecutively4 print or type in BLOCK letters in dark blue or black ink so that the document is clearly legible whenphotocopiedE5 identify the annexure with a mark such as A, B, C, etc6 endorse the annexure with the words:This is annexure (mark) of (number) pages referred to in form (form number and title)7 sign and date the annexureThe annexure must be signed by the same person(s) who signed the form.