TURNSTONE RESOURCES LTD — Share Issue/Capital Change 2023

Mar 2, 2023

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

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Announcement Summary

Entity name

SOUTH HARZ POTASH LTD

Date of this announcement

Friday March 03, 2023

The +securities the subject of this notification are:

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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 ex @$0.066 expiring 01 January	3,000,000	01/03/2023
to be confirmed	2028
New class - code	Unlisted Options ex @$0.088 expiring 01 January	3,000,000	01/03/2023
to be confirmed	2028

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

SOUTH HARZ POTASH LTD

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

153414852

1.3 ASX issuer code

SHP

1.4 The announcement is

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New announcement

1.5 Date of this announcement

3/3/2023

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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

App 3B lodged 27 Feb 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 Unlisted Options ex @$0.066 expiring 01 January 2028
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ASX +security code New class - code to be confirmed	+Security description Unlisted Options ex @$0.066 expiring 01 January 2028
+Security type	ISIN code
Options
Date the +securities the subject of this notification were issued
1/3/2023
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

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Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being
issued.
https://southharzpotash.com/investors/asx-announcements/
Options Details
+Security currency Exercise price Expiry date
AUD - Australian Dollar AUD 0.06600000 1/1/2028
Details of the existing class of +security that will be issued upon exercise or conversion of this new class of
company option
Other
Description
One fully paid ordinary shares for every option converted
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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

Have previously announced in an App 3B on 27 Feb 2023

Issue details

Number of +securities

3,000,000

Were the +securities issued for a cash consideration? No

Please describe the consideration being provided for the +securities Pursuant to an agreement for the appointment of the COO Purpose of the issue Other

Additional Details

New +securities ASX +security code +Security description New class - code to be confirmed Unlisted Options ex @$0.088 expiring 01 January 2028 +Security type ISIN code Options Date the +securities the subject of this notification were issued 1/3/2023 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://southharzpotash.com/investors/asx-announcements/

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Options Details

+Security currency

AUD - Australian Dollar

Exercise price Expiry date AUD 0.08800000 1/1/2028

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

Other

Description

One fully paid ordinary shares for every option converted

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

Have previously announced in an App 3B on 27 Feb 2023

Issue details

Number of +securities

3,000,000

Were the +securities issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

Pursuant to an agreement for the appointment of the COO

Purpose of the issue

Other

Additional Details

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Part 4 - +Securities on issue

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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
SHP : ORDINARY FULLY PAID	586,123,541
SHPO : OPTION EXPIRING 31-JUL-2023	46,175,789

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
SHPAA : OPTION EXPIRING 23-NOV-2025 EX $0.09	3,366,667
SHPAG : OPTION EXPIRING 31-JUL-2023 EX 7.5C	3,100,000
SHPAF : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES	20,375,999
SHPAS : OPTION EXPIRING 30-MAR-2027 EX $0.1606	2,382,000
SHPAH : OPTION EXPIRING 02-DEC-2024 EX $0.08	3,500,000
SHPAI : OPTION EXPIRING 02-DEC-2024 EX $0.12	3,500,000
SHPAK : OPTION EXPIRING 27-MAY-2026 EX $0.203	4,606,605
SHPAQ : OPTION EXPIRING 17-DEC-2024 EX $0.18	2,192,084
SHPAR : OPTION EXPIRING 17-DEC-2024 EX $0.24	2,192,084
SHPAP : OPTION EXPIRING 05-AUG-2026 EX $0.1511	192,069
SHPAW : OPTION EXPIRING 31-OCT-2027 EX $0.109	2,000,000
SHPAX : OPTION EXPIRING 31-OCT-2027 EX $0.136	2,000,000

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities
SHPAY : OPTION EXPIRING 30-SEP-2027 EX $0.12	2,818,000
SHPAZ : OPTION EXPIRING 10-NOV-2027 EX $0.15	4,623,000
SHPAT : OPTION EXPIRING 17-OCT-2026 EX $0.123	1,000,000
SHPAU : OPTION EXPIRING 31-OCT-2027 EX $0.055	2,000,000
SHPAV : OPTION EXPIRING 31-OCT-2027 EX $0.082	2,000,000
New class - code to be confirmed : Unlisted Options ex @$0.066 expiring 01 January 2028	3,000,000
New class - code to be confirmed : Unlisted Options ex @$0.088 expiring 01 January 2028	3,000,000

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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

23/2/2023

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