VANADIUM RESOURCES LIMITED — Share Issue/Capital Change 2018

May 15, 2018

Notification of Consolidation/Split

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Notification of Consolidation/Split

Announcement Summary

Entity name

TANDO RESOURCES LIMITED

Applicable security for the reorganisation

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TNO ORDINARY FULLY PAID
TNOO OPTION EXPIRING 08-DEC-2019
TNOAA ORDINARY FULLY PAID RESTRICTED
TNOAB ORDINARY FULLY PAID RESTRICTED
TNOAC ORDINARY FULLY PAID RESTRICTED
TNOAD ORDINARY FULLY PAID RESTRICTED
TNOAE OPTION EXPIRING VARIOUS DATES EX
VARIOUS PRICES
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Announcement Type

New Announcement

Date of this announcement

Wednesday May 16, 2018

Reorganisation type

Security split

Effective Date

Monday May 21, 2018

Record Date

Tuesday May 22, 2018

Issue Date

Tuesday May 29, 2018

Refer to below for full details of the announcement

Announcement Details

Part 1 - Entity and announcement details

1.1 *Name of +Entity

TANDO RESOURCES LIMITED

Registration Number

1.2 *Registered Number Type

ABN

47618307887

Notification of Consolidation/Split

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Notification of Consolidation/Split

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1.3 *ASX issuer code

TNO

1.4 *The announcement is

New announcement

1.5 *Date of this announcement

Wednesday May 16, 2018

1.6 *Securities affected by the reorganisation

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TNO ORDINARY FULLY PAID
TNOO OPTION EXPIRING 08-DEC-2019
TNOAA ORDINARY FULLY PAID RESTRICTED
TNOAB ORDINARY FULLY PAID RESTRICTED
TNOAC ORDINARY FULLY PAID RESTRICTED
TNOAD ORDINARY FULLY PAID RESTRICTED
TNOAE OPTION EXPIRING VARIOUS DATES EX
VARIOUS PRICES
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Part 2 - Approvals

2.1 *Are any of the below approvals required for the reorganisation before business day 0 of the timetable?

• Security holder approval Court approval

• Lodgement of court order with +ASIC ACCC approval

• FIRB approval

• Another approval/condition external to the entity required to be given/met before business day 0 of the timetable for the reorganisation.

Yes

2.2 Approvals

Approval/Condition Date for determination Is the date estimated Approval +Security holder Wednesday May 16, or actual? received/condition approval 2018 Actual met? [Select...] Comments**

Part 3 - Reorganisation timetable and details

3.1 *+Record date

Tuesday May 22, 2018

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3.2 Date of +security holder meeting

Wednesday May 16, 2018

3.3 Last day for trading in the pre-re-organised +securities

Friday May 18, 2018

3.4 *Effective date. Trading in the re-organised securities commences on a +deferred settlement basis. If the +entity's securities are suspended from trading during this period there will be no +deferred settlement trading however ASX still captures this date. Monday May 21, 2018

3.5 Record date

Tuesday May 22, 2018

3.6 First day for +entity to send notices to +security holders of the change in the number of +securities they hold. First day for +entity to register +securities on a post-reorganised basis Wednesday May 23, 2018

3.7 *+Issue date. +Deferred settlement market ends. Last day for +entity to send notices to +security holder of the change in the number of +securities they hold. Last day for +entity to register +securities on a post-reorganised basis Tuesday May 29, 2018

3.8 Trading starts on a normal T+2 basis

Wednesday May 30, 2018

3.9 First settlement of trades conducted on a +deferred settlement basis and on a normal T+2 basis

Friday June 1, 2018

Part 4 - Reorganisation type and details

4.1 *The reorganisation is

+Security split

4.1b *Split ratio: the +securities will be split on the basis that every

100

(pre-split) +security (/ies) will be divided into

462

(post-split) +securities.

4.2 *Scrip fraction rounding

Fractions rounded up to the next whole number

Part 5 - +Securities on issue before and after reorganisation

5.1 *+Securities on issue before and after the reorganisation

ASX +Security Code ASX +Security TNO Description ORDINARY FULLY PAID

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Notification of Consolidation/Split

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Quoted/unquoted Number on issue Number on issue after Estimate/Actual
Quoted before reorganisation reorganisation Estimated
29,189,551 134,855,726
ASX +Security Code ASX +Security
TNOO Description
OPTION EXPIRING
08-DEC-2019
Quoted/unquoted Number on issue Number on issue after Estimate/Actual
Quoted before reorganisation reorganisation Estimated
12,085,451 55,834,784
ASX +Security Code ASX +Security
TNOAA Description
ORDINARY FULLY
PAID RESTRICTED
Quoted/unquoted Number on issue Number on issue after Estimate/Actual
Unquoted before reorganisation reorganisation Estimated
2,636,250 12,179,475
ASX +Security Code ASX +Security
TNOAB Description
ORDINARY FULLY
PAID RESTRICTED
Quoted/unquoted Number on issue Number on issue after Estimate/Actual
Unquoted before reorganisation reorganisation Estimated
2,040,000 9,424,800
ASX +Security Code ASX +Security
TNOAC Description
ORDINARY FULLY
PAID RESTRICTED
Quoted/unquoted Number on issue Number on issue after Estimate/Actual
Unquoted before reorganisation reorganisation Estimated
1,250,000 5,775,000
ASX +Security Code ASX +Security
TNOAD Description
ORDINARY FULLY
PAID RESTRICTED
Quoted/unquoted Number on issue Number on issue after Estimate/Actual
Unquoted before reorganisation reorganisation Estimated
423,750 1,957,725
ASX +Security Code ASX +Security
TNOAE Description
OPTION EXPIRING
VARIOUS DATES EX
VARIOUS PRICES
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Notification of Consolidation/Split

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	Quoted/unquoted Unquoted	Number on issue before reorganisation 5,000,000	Number on issue after reorganisation 23,100,000	Estimate/Actual Estimated

5.2 *Exercise price of options

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ASX +Security Code ASX +Security Description
TNOO OPTION EXPIRING
08-DEC-2019
Quoted/unquoted Exercise price before Exercise price after
Quoted reorganisation reorganisation
0.25000000 0.05411255
ASX +Security Code ASX +Security Description
TNOAE OPTION EXPIRING
VARIOUS DATES EX
VARIOUS PRICES
Quoted/unquoted Exercise price before Exercise price after
Unquoted reorganisation reorganisation
0.00000000 0.00000000
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Part 6 - Further information

6.1 Further information relating to the reorganisation

6.2 Additional information for inclusion in the Announcement Summary

Notification of Consolidation/Split

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