RINCON RESOURCES LIMITED — Share Issue/Capital Change 2023

Nov 30, 2023

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

Friday December 01, 2023

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	OPTION EXPIRING 1-DEC-2027 EX $0.05	5,250,000	01/12/2023
to be confirmed
New class - code	OPTION EXPIRING 1-DEC-2027 EX $0.075	5,250,000	01/12/2023
to be confirmed
New class - code	OPTION EXPIRING 1-DEC-2027 EX $0.10	5,250,000	01/12/2023
to be confirmed

Refer to next page for full details of the announcement

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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

1/12/2023

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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 options to directors, employees and consultants approved at the AGM on 29 November 2023.

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

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New +securities
ASX +security code +Security description
New class - code to be confirmed OPTION EXPIRING 1-DEC-2027 EX $0.05
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ASX +security code New class - code to be confirmed	+Security description OPTION EXPIRING 1-DEC-2027 EX $0.05
+Security type	ISIN code
Options
Date the +securities the subject of this notification were issued
1/12/2023
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?
No
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being
issued.

https://announcements.asx.com.au/asxpdf/20231030/pdf/05wq6fshjvd28d.pdf

Options Details
+Security currency	Exercise price	Expiry date
AUD - Australian Dollar	AUD 0.05000000	1/12/2027
Details of the existing class of +security that will be issued upon exercise or conversion of this new class of
company option
Other
Description
1 RCR: ORDINARY FULLY PAID SHARE
Any other information the entity wishes to provide about the +securities the subject of this notification

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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 options were included in an Appendix 3B on 30 October 2023.

Issue details

Number of +securities

5,250,000

Were the +securities issued for a cash consideration? No

Please describe the consideration being provided for the +securities Remuneration to directors, employees and consultants. Purpose of the issue To pay for services rendered

Additional Details

New +securities

ASX +security code +Security description New class - code to be confirmed OPTION EXPIRING 1-DEC-2027 EX $0.075 +Security type ISIN code Options Date the +securities the subject of this notification were issued 1/12/2023 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? No Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. https://announcements.asx.com.au/asxpdf/20231030/pdf/05wq6fshjvd28d.pdf

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Options Details

+Security currency

AUD - Australian Dollar

Exercise price Expiry date AUD 0.07500000 1/12/2027

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

Other

Description

1 RCR: ORDINARY FULLY PAID SHARE

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 options were included in an Appendix 3B on 30 October 2023.

Issue details

Number of +securities

5,250,000

Were the +securities issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

Remuneration to directors, employees and consultants.

Purpose of the issue

To pay for services rendered

Additional Details

New +securities

ASX +security code +Security description New class - code to be confirmed OPTION EXPIRING 1-DEC-2027 EX $0.10

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

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+Security type ISIN code Options Date the +securities the subject of this notification were issued 1/12/2023

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? No

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

https://announcements.asx.com.au/asxpdf/20231030/pdf/05wq6fshjvd28d.pdf

Options Details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.10000000 1/12/2027 Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option

Other

Description

1 RCR: ORDINARY FULLY PAID SHARE

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 options were included in an Appendix 3B on 30 October 2023.

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Issue details

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Number of +securities

5,250,000

Were the +securities issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

Remuneration to directors, employees and consultants.

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	176,921,092
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
RCRAW : OPTION EXPIRING 20-OCT-2025 EX $0.05	14,000,000
RCRAU : OPTION EXPIRING 30-JUN-2025 EX $0.20	2,500,000
RCRAV : OPTION EXPIRING 30-SEP-2025 EX $0.15	8,000,000
RCRAT : OPTION EXPIRING 30-MAR-2025 EX $0.20	2,500,000
RCRAJ : PERFORMANCE RIGHTS	6,200,000
RCRAX : OPTION EXPIRING 20-OCT-2025 EX $0.05	14,000,000
New class - code to be confirmed : OPTION EXPIRING 1-DEC-2027 EX $0.05	5,250,000
New class - code to be confirmed : OPTION EXPIRING 1-DEC-2027 EX $0.075	5,250,000
New class - code to be confirmed : OPTION EXPIRING 1-DEC-2027 EX $0.10	5,250,000

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

29/11/2023

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