RINCON RESOURCES LIMITED — Share Issue/Capital Change 2023

Oct 19, 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 October 20, 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 20-OCT-2025 EX $0.05	14,000,000	20/10/2023
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

20/10/2023

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

Part 2 - Issue details

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2.1 The +securities the subject of this notification are:

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Other

Please specify

Issue of broker options as described in the Appendix 3B on 31 August 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

New +securities
ASX +security code New class - code to be confirmed	+Security description OPTION EXPIRING 20-OCT-2025 EX $0.05
+Security type	ISIN code
Options
Date the +securities the subject of this notification were issued
20/10/2023
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/20230918/pdf/05v0hn45xjpsj6.pdf

Options Details
+Security currency	Exercise price	Expiry date
AUD - Australian Dollar	AUD 0.05000000	20/10/2025
Details of the existing class of +security that will be issued upon exercise or conversion of this new class of
company option
Other
Description
RCR: ORDINARY FULLY PAID
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 the Appendix 3B on 31 August 2023.

Issue details

Number of +securities 14,000,000 Were the +securities issued for a cash consideration? No

Please describe the consideration being provided for the +securities Partial consideration to the joint lead managers. Purpose of the issue To pay for services rendered

Additional Details

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

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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	80,824,533
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
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
New class - code to be confirmed : OPTION EXPIRING 20-OCT-2025 EX $0.05	14,000,000

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

18/10/2023

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