ROX RESOURCES LIMITED — Share Issue/Capital Change 2022

Dec 11, 2022

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

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Announcement Summary

Entity name

ROX RESOURCES LIMITED

Date of this announcement

Monday December 12, 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 Unlisted options- expiring 4 March 2026 exercise 1,000,000 08/03/2022 to be confirmed price $0.72

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

ROX 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

ABN

Registration number

53107202602

1.3 ASX issuer code

RXL

1.4 The announcement is

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New announcement

1.5 Date of this announcement

12/12/2022

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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

Refer Appendix 3B lodged 4th March 2022.

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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----- Start of picture text ----- New +securitiesASX +security code +Security descriptionNew class - code to be confirmed Unlisted options- expiring 4 March 2026 exercise price$0.72+Security type ISIN codeOptionsDate the +securities the subject of this notification were issued8/3/2022Will all the +securities issued in this class rank equally in all respects from their issue date?YesHave you received confirmation from ASX that the terms of the +securities are appropriate and equitable underlisting rule 6.1?NoPlease provide a URL link for a document lodged with ASX setting out the material terms of the +securities beingissued.Appendix 3B-https://www.investi.com.au/api/announcements/rxl/4970da51 813.pdfNotice of Meeting-https://www.investi.com.au/api/announcements/rxl/2d5584d4 654.pdf----- End of picture text -----

Options Details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.72000000 4/3/2026 Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option Other

Description

Unlisted options - exercise price of $0.72 each, expiring 4 March 2026.

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

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Any other information the entity wishes to provide about the +securities the subject of this notification Unlisted options issued to Argonaut Investments Pty Ltd. 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 Refer Appendix 3B lodged 4th March 2022. Issue details Number of +securities 1,000,000 Were the +securities issued for a cash consideration? Yes In what currency was the cash consideration being What was the issue price per +security? paid? AUD - Australian Dollar AUD 0.72000000 Purpose of the issue Other Additional Details Options for financial advisory fee to Argonaut Investments Pty Ltd.

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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
RXL : ORDINARY FULLY PAID	216,073,602
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
RXLAQ : OPTION EXPIRING 31-DEC-2023 EX $1.438	1,333,333
RXLAR : OPTION EXPIRING 31-DEC-2023 EX $1.813	1,333,333
RXLAS : OPTION EXPIRING 31-DEC-2023 EX $2.188	1,333,333
RXLAU : OPTION EXPIRING 25-MAY-2024 EX $0.763	660,000
RXLAT : OPTION EXPIRING 26-MAR-2025 EX $0.988	10,476,190
New class - code to be confirmed : Unlisted options- expiring 4 March 2026 exercise price	1,000,000
$0.72

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

30/11/2022

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