ZEOTECH LIMITED — Share Issue/Capital Change 2017

Mar 19, 2017

Notification of Consolidation/Split

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Notification of Consolidation/Split

Announcement Summary

Entity name

LACONIA RESOURCES LIMITED

Applicable security for the reorganisation

LCR ORDINARY FULLY PAID LCRAK PERFORMANCE SHARE LCRAO OPTION EXPIRING 30-SEP-2018 EX 1.4C LCROA OPTION EXPIRING 30-SEP-2018

Announcement Type

New Announcement

Date of this announcement

Monday March 20, 2017

Reorganisation type

Security consolidation

Effective Date

Thursday April 20, 2017

Record Date

Friday April 21, 2017

Issue Date

Monday May 1, 2017

Refer to below for full details of the announcement

Announcement Details

Part 1 - Entity and announcement details

1.1 *Name of +Entity

LACONIA RESOURCES LIMITED

Registration Number

1.2 *Registered Number Type

ACN

137984297

1.3 *ASX issuer code

LCR

1.4 *The announcement is

New announcement

Notification of Consolidation/Split

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Notification of Consolidation/Split

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1.5 *Date of this announcement

Monday March 20, 2017

1.6 *Securities affected by the reorganisation

LCR ORDINARY FULLY PAID LCRAK PERFORMANCE SHARE LCRAO OPTION EXPIRING 30-SEP-2018 EX 1.4C LCROA OPTION EXPIRING 30-SEP-2018

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 Tuesday April 18, or actual? received/condition approval 2017 Actual met? [Select...] Comments**

Part 3 - Reorganisation timetable and details

3.1 *+Record date

Friday April 21, 2017

3.2 Date of +security holder meeting

Tuesday April 18, 2017

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

Wednesday April 19, 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.

Thursday April 20, 2017

3.5 Record date

Friday April 21, 2017

Notification of Consolidation/Split

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Notification of Consolidation/Split

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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 Monday April 24, 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 Monday May 1, 2017

3.8 Trading starts on a normal T+2 basis

Tuesday May 2, 2017

3.9 First settlement of trades conducted on a +deferred settlement basis and on a normal T+2 basis Thursday May 4, 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

10

(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
LCR Description
ORDINARY FULLY
PAID
Quoted/unquoted Number on issue Number on issue after Estimate/Actual
Quoted before reorganisation reorganisation Estimated
1,010,350,213 101,035,021
ASX +Security Code ASX +Security
LCRAK Description
PERFORMANCE
SHARE
Quoted/unquoted Number on issue Number on issue after Estimate/Actual
Unquoted before reorganisation reorganisation Estimated
14,500,000 1,450,000
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Notification of Consolidation/Split

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Notification of Consolidation/Split

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ASX +Security Code ASX +Security
LCRAO Description
OPTION EXPIRING
30-SEP-2018 EX
1.4C
Quoted/unquoted Number on issue Number on issue after Estimate/Actual
Unquoted before reorganisation reorganisation Estimated
6,000,000 600,000
ASX +Security Code ASX +Security
LCROA Description
OPTION EXPIRING
30-SEP-2018
Quoted/unquoted Number on issue Number on issue after Estimate/Actual
Quoted before reorganisation reorganisation Estimated
343,788,417 34,378,842
5.2 Exercise price of options
ASX +Security Code ASX +Security Description
LCRAO OPTION EXPIRING
30-SEP-2018 EX 1.4C
Quoted/unquoted Exercise price before Exercise price after
Unquoted reorganisation reorganisation
0.01400000 0.14000000
ASX +Security Code ASX +Security Description
LCROA OPTION EXPIRING
30-SEP-2018
Quoted/unquoted Exercise price before Exercise price after
Quoted reorganisation reorganisation
0.06000000 0.60000000
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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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