RINCON RESOURCES LIMITED — Share Issue/Capital Change 2021

Dec 8, 2021

Announcement Summary

Entity name

RINCON RESOURCES LIMITED

Announcement Type

New announcement

Date of this announcement

Thursday December 09, 2021

Details of +securities that have ceased

ASX +securitycode	Security description	Number of+securities thathave ceased	The +securities haveceased due to	Date ofcessation
RCRAJ	PERFORMANCE RIGHTSCLASS A	300,000	Lapse of conditional right tosecurities because theconditions have not been, orhave become incapable ofbeing, satisfied	08/12/2021
RCRAK	PERFORMANCE RIGHTSCLASS B	600,000	Lapse of conditional right tosecurities because theconditions have not been, orhave become incapable ofbeing, satisfied	08/12/2021
RCRAL	PERFORMANCE RIGHTSCLASS C	600,000	Lapse of conditional right tosecurities because theconditions have not been, orhave become incapable ofbeing, satisfied	08/12/2021
RCRAM	PERFORMANCE RIGHTSCLASS D	600,000	Lapse of conditional right tosecurities because theconditions have not been, orhave become incapable ofbeing, satisfied	08/12/2021

Refer to next page for full details of the announcement

Part 1 - Announcement Details

1.1 Name of +Entity

RINCON RESOURCES LIMITED

We (the entity named above) provide the following information about our issued capital.

1.2 Registered Number Type

ACN

Registration Number 628003538

1.3 ASX issuer code RCR

1.4 The announcement is

New announcement

1.5 Date of this announcement

9/12/2021

Part 2 - Details of +equity securities or +debt securities that have ceased

ASX +Security Code and Description

RCRAJ : PERFORMANCE RIGHTS CLASS A

Unquoted +equity securities that have ceased

Number of securities that have ceased

300,000

Reason for cessation

Lapse of conditional right to securities because the conditions have not been, or have become incapable of being, satisfied

Is the entity paying any consideration for the cessation? No

8/12/2021

Any other information the entity wishes to notify to ASX about the cessation?

ASX +Security Code and Description

RCRAK : PERFORMANCE RIGHTS CLASS B

Unquoted +equity securities that have ceased

Number of securities that have ceased

600,000

Reason for cessation

Lapse of conditional right to securities because the conditions have not been, or have become incapable of being, satisfied

Date of cessation
8/12/2021

Is the entity paying any consideration for the cessation? No

Any other information the entity wishes to notify to ASX about the cessation?

ASX +Security Code and Description

Number of securities that have ceased

RCRAL : PERFORMANCE RIGHTS CLASS C

Unquoted +equity securities that have ceased

Number of securities that have ceased

600,000

Reason for cessation

Lapse of conditional right to securities because the conditions have not been, or have become incapable of being, satisfied

8/12/2021

Is the entity paying any consideration for the cessation? No

Any other information the entity wishes to notify to ASX about the cessation?

ASX +Security Code and Description RCRAM : PERFORMANCE RIGHTS CLASS D

Unquoted +equity securities that have ceased

Number of securities that have ceased

600,000

Reason for cessation

Lapse of conditional right to securities because the conditions have not been, or have become incapable of being, satisfied

Date of cessation

8/12/2021

Is the entity paying any consideration for the cessation? No

Any other information the entity wishes to notify to ASX about the cessation?

Part 3 - Issued capital following changes

Following the cessation of the +securities the subject of this notification, the issued capital of the entity will comprise:

3.1 Quoted +equity securities and +debt securities (total number of each +class of +securities quoted on ASX)

ASX +security code and description	Total number of+securities on issue
RCR : ORDINARY FULLY PAID	40,232,756

3.2 Unquoted +equity securities (total number of each +class of +equity securities issued but not quoted on ASX)

ASX +security code and description	Total number of+securities on issue
RCRAH : ORDINARY FULLY PAID RESTRICTED	2,045,790
RCRAI : ORDINARY FULLY PAID RESTRICTED	9,058,210
RCRAJ : PERFORMANCE RIGHTS CLASS A	350,000
RCRAK : PERFORMANCE RIGHTS CLASS B	700,000
RCRAL : PERFORMANCE RIGHTS CLASS C	950,000
RCRAM : PERFORMANCE RIGHTS CLASS D	700,000

Note: the figures stated in the tables above are used to calculate the total market capitalisation of the entity published by ASX from time to time. The table will not include those classes of +securities that have ceased or lapsed in their entirety in ASX records before the announcement date described in Q1.5, even if the entity has advised ASX of a change to that class of +security in Part 2 of this form.