WINCHESTER ENERGY LTD — Capital/Financing Update 2021

Nov 7, 2021

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

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Announcement Summary

Entity name

WINCHESTER ENERGY LTD

Date of this announcement

Monday November 08, 2021

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	Option over shares	1,600,000	08/11/2021
to be confirmed
New class - code	Options over shares	1,600,000	08/11/2021
to be confirmed
New class - code	Options over shares	800,000	08/11/2021
to be confirmed

Refer to next page for full details of the announcement

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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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

WINCHESTER ENERGY 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

ABN

Registration number

21168586445

1.3 ASX issuer code

WEL

1.4 The announcement is

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New announcement

1.5 Date of this announcement

8/11/2021

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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

Prior services

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 Option over shares
+Security type ISIN code
Options
Date the +securities the subject of this notification were issued
8/11/2021
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.
Options Details
+Security currency Exercise price Expiry date
AUD - Australian Dollar AUD 0.05000000 31/12/2023
Details of the existing class of +security that will be issued upon exercise or conversion of this new class of
company option
Other
Description
Exerciseable at 5c each expiring 31 December 2023
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Any other information the entity wishes to provide about the +securities the subject of this notification For prior services in settlement

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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

N/A

Issue details

Number of +securities

1,600,000

Were the +securities issued for a cash consideration? No

Please describe the consideration being provided for the +securities To pay for services Purpose of the issue To pay for services rendered

Additional Details

In settlement thereof

New +securities ASX +security code +Security description New class - code to be confirmed Options over shares +Security type ISIN code Options Date the +securities the subject of this notification were issued 8/11/2021 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.

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

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Options Details

+Security currency AUD - Australian Dollar

Exercise price Expiry date AUD 0.05500000 31/12/2023

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

Other

Description

Exerciseable at 5.5c per share expiring 31 December 2023

Any other information the entity wishes to provide about the +securities the subject of this notification For prior services

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

N/A

Issue details

Number of +securities

1,600,000

Were the +securities issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

Prior services in setllement

Purpose of the issue

To pay for services rendered

Additional Details

New +securities

ASX +security code +Security description New class - code to be confirmed Options over shares

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

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+Security type	ISIN code
Options
Date the +securities the subject of this notification were issued
8/11/2021
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.
Options Details
+Security currency Exercise price	Expiry date
AUD - Australian Dollar AUD 0.06000000	31/12/2023
Details of the existing class of +security that will be issued upon exercise or conversion of this new class of
company option
Other
Description
Exerciseable at 6c each expiring 31 December 2021
Any other information the entity wishes to provide about the +securities the subject of this notification
Prior services rendered
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
N/A

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

Issue details

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Number of +securities 800,000

Were the +securities issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities Nil - services

Purpose of the issue

To pay for services rendered

Additional Details

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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
WEL : ORDINARY FULLY PAID	1,006,366,497

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
WELAN : OPTION EXPIRING 31-DEC-2025 EX $0.054	2,500,000
WELAL : OPTION EXPIRING 11-JUN-2022 EX 5C	1,500,000
WELAA : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES	33,900,000
WELAO : OPTION EXPIRING 28-JUL-2025 EX $0.016	37,500,000
WELAB : OPTION EXPIRING 15-DEC-2022 EX 10C	10,000,000
WELAM : OPTION EXPIRING 16-FEB-2023 EX $0.10	2,250,000
New class - code to be confirmed : Option over shares	1,600,000
New class - code to be confirmed : Options over shares	1,600,000
New class - code to be confirmed : Options over shares	800,000

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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? No

5.2b Are any of the +securities being issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1? Yes

5.2b.1 How many +securities are being issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1?

4,000,000 unlisted options

5.2c Are any of the +securities being issued without +security holder approval using the entity's additional 10% placement capacity under listing rule 7.1A (if applicable)? No

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