VERITY RESOURCES LIMITED — Share Issue/Capital Change 2017

Nov 26, 2017

Notification of Consolidation/Split

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Notification of Consolidation/Split

Announcement Summary

Entity name

BOTSWANA METALS LIMITED

Applicable security for the reorganisation

BML ORDINARY FULLY PAID Announcement Type New Announcement Date of this announcement Monday November 27, 2017

Reorganisation type Security consolidation

Effective Date Wednesday November 29, 2017

Record Date Thursday November 30, 2017 Issue Date Thursday December 7, 2017

Refer to below for full details of the announcement

Announcement Details

Part 1 - Entity and announcement details

1.1 *Name of +Entity

BOTSWANA METALS LIMITED

Registration Number 1.2 *Registered Number Type ABN 96122995073 1.3 *ASX issuer code BML

1.4 *The announcement is

New announcement

1.5 *Date of this announcement Monday November 27, 2017

1.6 *Securities affected by the reorganisation

Notification of Consolidation/Split

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Notification of Consolidation/Split

ORDINARY FULLY PAID

BML

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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

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Approval/Condition Date for determination Is the date estimated Approval
+Security holder Monday November or actual? received/condition
approval 27, 2017 Actual met?
Yes
Comments
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Part 3 - Reorganisation timetable and details

3.1 *+Record date

Thursday November 30, 2017

3.2 Date of +security holder meeting

Monday November 27, 2017

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

Tuesday November 28, 2017

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.

Wednesday November 29, 2017

3.5 Record date

Thursday November 30, 2017

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 Friday December 1, 2017

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 Thursday December 7, 2017

Notification of Consolidation/Split

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Notification of Consolidation/Split

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3.8 Trading starts on a normal T+2 basis

Friday December 8, 2017

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

Tuesday December 12, 2017

Part 4 - Reorganisation type and details

4.1 *The reorganisation is

+Security consolidation

4.1a *Consolidation ratio: the +securities will be consolidated on the basis that every

12

(pre-consolidation) +securities will be consolidated into

1

(post-consolidation) +security (/ies).

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

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ASX +Security Code ASX +Security
BML Description
ORDINARY FULLY
PAID
Quoted/unquoted Number on issue Number on issue after Estimate/Actual
Quoted before reorganisation reorganisation Estimated
1,824,315,814 152,026,318
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Part 6 - Further information

6.1 Further information relating to the reorganisation

The Company is in the process of finalising the issue of shares and options. If securities are issued prior to the Record Date then that will affect the number of securities on issue after the consolidation. Updates will be lodged with ASX if securities are issued before the Record Date.

6.2 Additional information for inclusion in the Announcement Summary

Notification of Consolidation/Split

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