VERITY RESOURCES LIMITED — Capital/Financing Update 2019

Feb 11, 2019

Six Sigma Metals

Corporate Details ASX Code: SI6

Directors

12 February 2019

Steve Groves Non-Executive Director

Joshua Letcher Non-Executive Director

Dear Shareholder

Eddie King Non-Executive Director

IMPORTANT NOTICE

Sale of your Unmarketable Parcel of Six Sigma Metals Limited Shares

I am writing to you to advise that Six Sigma Metals Limited (ACN 122 995 073) (ASX:SI6) ( SI6 or Company ) has established a share sale facility ( Facility ) for holders of parcels of fully paid ordinary SI6 shares valued at less that A$500 as at close of trade on Thursday 7 February 2019 ( Unmarketable Parcels ).

Contact

Suite 2, Level 1 1 Altona Street West Perth WA Australia 6005 +61 (8) 6559 1792 info@sixsigmametals.com sixsigmametals.com

The Company is offering this sale to assist holders of unmarketable parcels to sell their shares. Holders of Unmarketable Parcels who take advantage of the Facility will have their shares sold without having to use a broker or pay brokerage. The Company has appointed Xcel Capital Pty Ltd as the broker for shares sold under the Facility. The Company will pay for all the costs of the sale for shareholders who use the Facility, excluding tax consequences from the sale (which remain the shareholder’s responsibility).

Our records show that you held an Unmarketable Parcel based on the Company’s closing share price of $0.004 on Thursday 7 February 2019 ( Record Date ). Unless you advise the Company that you DO NOT WISH to sell your shares within six (6) weeks of the date of this letter, the Company intends to sell your shares through the Facility in accordance with clause 5.5 of the Company’s constitution and the ASX Listing Rules. Proceeds of the sale will be sent to you following settlement of the sale or otherwise as soon as is practicable. The shares will be sold at the authorised price, being $0.004.

If you DO NOT WISH to sell your shares through the Facility, you must complete and return the enclosed Notice of Retention Form to the Company’s share registry, Advanced Share Registry Services by 5.00pm (WST) on Wednesday 27 March 2019 ( Retention Date ) . Please read the instruction on your personalised Retention Form carefully before completing it.

If you wish to sell your shares through the Facility, you do not need to take any action.

By refraining from taking any action, after the expiration of the time prescribed by the ASX Listing Rules and the Company’s Constitution, you will be deemed to have irrevocably appointed the Company as your agent:

• (a) to sell all of your shares at a price to be determined by when and how the shares are sold, and without any costs being incurred by you; and

• (b) to deal with the proceeds of the sale as set out in the attached information pack.

Important information

The Company has determined that you hold an Unmarketable Parcel, based on the Company’s closing share price the Record Date.

If you have an Unmarketable Parcel as at the Record Date, then unless you complete and return the Notice of Retention Form, the Company will be entitled to sell your shares under the Facility.

The Company does not make any recommendations or provide any advice to you regarding whether to buy, sell or hold your shares, nor that this Facility is the best way to sell your shares. If you need help deciding what to do, or if you require information regarding the financial, legal or tax consequences of participating in the Facility, you should consult your legal, financial or taxation adviser.

The attached information pack sets out further details of the Facility, which you should read carefully before making any decision. If you require any further information you can also contact the Company’s share registry Advanced Share Registry Services on 1300 113 258 between the hours of 9.00am (WST) and 5.00pm (WST) Monday to Friday.

Yours sincerely,

Eddie King Director

SIX SIGMA METALS LIMITED

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UNMARKETABLE PARCEL INFORMATION PACK

1. What is an Unmarketable Parcel of Shares

An unmarketable parcel of shares is a holding of SIX SIGMA METALS LIMITED (ACN 122 995 073) (ASX: SI6) shares valued at less than $500 as at close of trade on the Record Date. The Record Date for the purposes of establishing holders of unmarketable parcels has been set by the Company at close of trade on Thursday 7 February 2019. Based on the price of the Company’s shares at the Record Date, this is a holding of 124,999 shares or less.

2. What Price will I receive for shares sold through the Facility?

The price you will receive for your shares under the Facility will be determined by when and how the shares are sold. The shares will be sold at the authorised price, being $0.004 per share.

The Company’s directors may sell your shares on market or in any other way they consider fair and reasonable in the circumstances. You will not have control over the time at which your shares are sold. The price you receive may be different from the price appearing in news sources or quoted by ASX on any day, may not be the best price on the day your shares are sold, and may be an average price per share based on the price obtained for all the shares sold under the Facility.

3. What is the price of SI6’s shares?

The last sale price of Six Sigma Metals Limited shares on Friday 8 February 2019 was $0.004. The share price changes frequently and more recent prices are available in news sources and from the ASX website (www.asx.com.au) under the ASX code SI6.

4. When will the proceeds from the sale of shares be sent to me?

Payment will be sent to you following settlement of the sale or otherwise, as soon as is practicable. Payment ill be made in Australian dollars by cheque. You will be notified by way of a transaction confirmation statement of the number of shares sold, and the price and total sale proceeds. The cheque will be sent by post to your address as shown in the share register at the time the share sale payment is completed.

5. If I buy more shares, will I retain my holding?

Yes, SI6 will treat any purchase of additional shares to increase the value of a SI6 shareholding to more than $500 as an indication that you do not want your shares to be sold through the Facility.

For a purchase to be an effective notification that you wish to retain your shares, any additional shares must be registered by 5.00pm (WST) on Wednesday 27 March 2019 under the same name and address and with the same holder number (SRN or HIN) as set out in this letter.

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6. What if my shares are held in a CHESS holding?

If your shares remain in a CHESS holding at 5.00pm (WST) on Wednesday 27 March 2019 the Company may move those shares to an issuer sponsored holding and the shares will be sold through the Facility.

7. Where can I get further information?

If you have any further questions concerning your shareholder or how the facility will work, please contact the Company’s share registry Advanced Share Registry Services on 1300 113 258 between the hours of 9.00am (WST) and 5.00pm (WST).

8. Important notes

The Company reserves the right to vary, delay or terminate the Facility by notice to the ASX.

The Company is not bound to sell any or all of the shares that may be available for it to sell under this Facility, and there is no guarantee that the Company will be able to sell your shares. In addition, the sale proceeds may differ from the market value of your shares on the Record Date, depending on movements in the market price of the shares and on the Company appointed broker’s ability to procure purchasers.

Please also note that the Company will not sell your shares in the event that a third party announces a takeover offer for the Company. Consistent with its continuous disclosure obligations, the Company may release to the ASX information that may be material to a shareholder’s decision as to whether they wish to retain their shares. This information will, if released, be available on the ASX website at www.asx.com.au (ASX code “SI6”) and on the Company’s website www.sixsigmametals.com.

The Company reserves the right to change any of the dates referred to in this letter by notice to the ASX. If you are in any doubt about what to do, you should consult your legal, financial or taxation adviser.

9. Multiple Holdings

If you currently have more than one holding on the Company’s register, you may wish to consider amalgamating your multiple holdings, as this may result in your amalgamated holding no longer being an Unmarketable Parcel. Under these circumstances, your shares will not be sold as part of the Facility. Any such amalgamation needs to be effective on the register by 5.00pm (WST) on Wednesday 27 March 2019. Contact your professional advisors if you have any queries.

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Six Sigma Metals Limited ABN 96 122 995 073

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All correspondence to : Advanced Share Registry

PO Box 1156, Nedlands, WA 6909 110 Stirling Hwy, Nedlands, WA 6009 P: +61 8 9389 8033 ︱ F: +61 8 9262 3723 E: admin@advancedshare.com.au W: www.advancedshare.com.au

Sub-Register CHESS HIN / SRN

Please Complete the A B C 1 2 3 form in Capital Letters.

Where a choice is required, mark the box with an ‘X’ X

Share Sale Facility Form

You should read Six Sigma Metals Limited (the Company)’s document that accompanied this form carefully. If you are in any doubt as to how to deal with this form, please consult a professional advisor.

A. Number of Shares

The number of Shares that you held at 5.00 pm (WST) on 7 February 2019

B. Retention of Less Than Marketable Parcels of Shares

Should you wish to retain your shares, please tick the box below and complete the ‘Sign Here’ section. This form must be received by the Company’s share registry by 5pm (WST) on 27 March 2019 to retain your shares.

Retain my/our shares

C. Sale of Less Than Marketable Parcels of Shares

Should you wish to sell your shares and be paid from the sale of the shares by direct credit, please provide your banking details and complete the ‘Sign Here’ section.

If the form is not received by the Company’s share registry by 5pm (WST) on 27 March 2019, your shares will be sold, and the sale proceeds will be paid by cheque.

Non-resident holders will be paid in Australian dollars by cheque only.

Account Name

Please note the Account Name(s) must be the same as that registered above.

BSB Account Number

Name of Bank/Financial Institution Branch Suburb/Town

Contact details - Please provide your contact details in case we need to speak to you about this form.

Name of contact person Contact person’s daytime telephone number

Email Address

Sign here - This section must be signed before we can process this form. By signing and returning this form, I/we confirm that I/we understand that my/our shares will be arranged in accordance with my instruction, under the unmarketable parcel Share sale process. Individual or Securityholder 1 Securityholder 2 Securityholder 3 Date Month Year / / Sole Director and Sole Company Secretary Director Director/Company Secretary

TO BE A VALID INSTRUCTION, THIS FORM MUST BE RECEIVED BY NO LATER THAN 5.00 PM (WST) ON 27 MARCH 2019.

Share Retention / Sale of LTMP Instructions

Securityholders who wish to retain their shares must return this form to the Company’s share registry by no later than 5pm (WST) on 27 March 2019.

Number of Shares as at Record Date

This is the total number of Shares you held at 5.00 pm (WST) on 7 February 2019.

Retention of Less Than Marketable Parcels of Shares

Please mark the box on the front of the form to retain your shares, and return it in accordance with the lodgement instructions below. If this form is not received by that time, and you have not otherwise validly notified the Company that you wish to retain your Shares by that time, the Company will be entitled to have your Shares sold for you.

Sale of Less Than Marketable Parcels of Shares

Australian residents will be paid their sale proceeds in Australian dollars by direct credit to an account held with an Australian Financial Institution. You must complete and return this form, including your direct credit of payments instruction in section C. Where a Share Sale Facility Form has not been returned, sale proceeds will be paid by cheque.

Non-resident holders who do not have an account with an Australian Financial Institution will be paid in Australian dollars by cheque.

Contact details

Enter the name of a contact person, telephone number and email address. These details will only be used in the event that the registry has a query regarding this form.

Signatures

You must sign and date the form as follows in the space provided: Joint holding: where the holding is in more than one name all of the securityholders must sign. Companies: where the company has a Sole Director who is also the Sole Company Secretary, this form must be signed by that person. If the company (pursuant to section 204A of the Corporations Act 2001) does not have a Company Secretary, a Sole Director can also sign alone. Otherwise this form must be signed by a Director jointly with either another Director or a Company Secretary. Please sign in the appropriate place to indicate the office held.

Consolidation of shareholdings

If you have more than one holding on Six Sigma Metals Limited’s register and you do not sell your shares under the Less Than Marketable Parcel of Share Sale process, you should consider consolidating them. For further advice in this regard, please contact ADVANCED SHARE REGISTRY.

Lodgement of Form

If you wish to retain your Shares, this form must be completed and received by ADVANCED SHARE REGISTRY Perth by no later than 5.00 pm (WST) on 27 March 2019.

It is your responsibility to allow sufficient time for this form to be received by ADVANCED SHARE REGISTRY.

This form must be sent to the Company’s share registry by:

Mail: Six Sigma Metals Limited, C/: Advanced Share Registry Services, PO Box 1156, Nedlands WA 6909 Hand Delivery: Advanced Share Registry Services, 110 Stirling Highway, Nedlands WA 6009 Facsimile: +61 8 9262 3723 Email: admin@advancedshare.com.au

Neither ADVANCED SHARE REGISTRY nor the Company accepts any responsibility if you lodge this form at any other address or by any other means.

Privacy Statement

Personal information is collected on this form by ADVANCED SHARE REGISTRY, as registrar for the Company, for the purpose of effecting your instructions in relation to the Share Sale process, maintaining registers of security holders, facilitating distribution payments and other corporate actions and communications. Your personal information may be disclosed to our related bodies corporate, to the Company and its professional advisers, to external service companies such as print or mail service providers, or as otherwise required or permitted by law. If you would like details of your personal information held by ADVANCED SHARE REGISTRY, or you would like to correct information that is inaccurate, incorrect or out of date, please contact ADVANCED SHARE REGISTRY. In accordance with the Corporations Act 2001(Cth), you may be sent material (including marketing material) approved by the Company in addition to general corporate communications. You may elect not to receive marketing material by contacting ADVANCED SHARE REGISTRY.

This form may not be used to notify your change of address. For information please contact ADVANCED SHARE REGISTRY on (618) 9389 8033 or visit the share registry at www.advancedshare.com.au.