RINCON RESOURCES LIMITED — Share Issue/Capital Change 2022

Jun 29, 2022

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

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Announcement Summary

Entity name

RINCON RESOURCES LIMITED

Date of this announcement

Thursday June 30, 2022

The +securities the subject of this notification are: 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	PERFORMANCE RIGHTS CLASS E	875,000	30/06/2022
to be confirmed
New class - code	PERFORMANCE RIGHTS CLASS F	875,000	30/06/2022
to be confirmed
New class - code	PERFORMANCE RIGHTS CLASS G	875,000	30/06/2022
to be confirmed
New class - code	PERFORMANCE RIGHTS CLASS H	875,000	30/06/2022
to be confirmed

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

RINCON 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

ACN

Registration number

628003538

1.3 ASX issuer code

RCR

1.4 The announcement is

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New announcement

1.5 Date of this announcement

30/6/2022

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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 performance rights to Directors as approved at a meeting of shareholders.

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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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

New +securities
ASX +security code New class - code to be confirmed	+Security description PERFORMANCE RIGHTS CLASS E
+Security type	ISIN code
Other
Date the +securities the subject of this notification were issued
30/6/2022
Will all the +securities issued in this class rank equally in all respects from their issue date?
Yes

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. https://www.asx.com.au/asxpdf/20220520/pdf/4595nph013f0cw.pdf

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

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 securities were approved to be issued by shareholders at a shareholder meeting held on 22 June 2022.

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

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Issue details

Number of +securities

875,000

Were the +securities issued for a cash consideration? No

Please describe the consideration being provided for the +securities

Remuneration to Related Parties to align the interests of the Related Parties with those of Shareholders.

Purpose of the issue

To pay for services rendered

Additional Details

New +securities

ASX +security code +Security description New class - code to be confirmed PERFORMANCE RIGHTS CLASS F +Security type ISIN code Other Date the +securities the subject of this notification were issued 30/6/2022

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

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued.

https://www.asx.com.au/asxpdf/20220520/pdf/4595nph013f0cw.pdf

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

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 securities were approved to be issued by shareholders at a shareholder meeting held on 22 June 2022.

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

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Issue details

Number of +securities

875,000

Were the +securities issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

Remuneration to Related Parties to align the interests of the Related Parties with those of Shareholders.

Purpose of the issue

To pay for services rendered

Additional Details

New +securities

ASX +security code +Security description New class - code to be confirmed PERFORMANCE RIGHTS CLASS G

+Security type ISIN code

Other

Date the +securities the subject of this notification were issued

30/6/2022

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

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued.

https://www.asx.com.au/asxpdf/20220520/pdf/4595nph013f0cw.pdf

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

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 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 securities were approved to be issued by shareholders at a shareholder meeting held on 22 June 2022.

Issue details Number of +securities 875,000 Were the +securities issued for a cash consideration? No Please describe the consideration being provided for the +securities Remuneration to Related Parties to align the interests of the Related Parties with those of Shareholders. Purpose of the issue To pay for services rendered Additional Details New +securities ASX +security code +Security description New class - code to be confirmed PERFORMANCE RIGHTS CLASS H +Security type ISIN code Other Date the +securities the subject of this notification were issued 30/6/2022 Will all the +securities issued in this class rank equally in all respects from their issue date? Yes

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued.

https://www.asx.com.au/asxpdf/20220520/pdf/4595nph013f0cw.pdf

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

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 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 securities were approved to be issued by shareholders at a shareholder meeting held on 22 June 2022.

Issue details

Number of +securities 875,000

Were the +securities issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

Remuneration to Related Parties to align the interests of the Related Parties with those of Shareholders.

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
RCR : ORDINARY FULLY PAID	42,278,546
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
RCRAI : ORDINARY FULLY PAID RESTRICTED	9,058,210
RCRAT : OPTION EXPIRING 30-MAR-2025 EX $0.20	2,500,000
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
New class - code to be confirmed : PERFORMANCE RIGHTS CLASS E	875,000
New class - code to be confirmed : PERFORMANCE RIGHTS CLASS F	875,000
New class - code to be confirmed : PERFORMANCE RIGHTS CLASS G	875,000
New class - code to be confirmed : PERFORMANCE RIGHTS CLASS H	875,000

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

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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

22/6/2022

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