ZEUS RESOURCES LIMITED — Capital/Financing Update 2021

Jun 8, 2021

Proposed issue of securities

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Announcement Summary

Entity name

ZEUS RESOURCES LIMITED

Announcement Type

New announcement

Date of this announcement

9/6/2021

The Proposed issue is:

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A placement or other type of issue

Total number of +securities proposed to be issued for a placement or other type of issue

		Maximum Number of
ASX +security code	+Security description	+securities to be issued
New class-code to be	Unlisted Options	12,000,000
confirmed

Proposed +issue date

9/8/2021

Refer to next page for full details of the announcement

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Proposed issue of securities

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Part 1 - Entity and announcement details

1.1 Name of +Entity

ZEUS RESOURCES LIMITED

We (the entity named above) give ASX the following information about a proposed issue of +securities and, if ASX agrees to +quote any of the +securities (including any rights) on a +deferred settlement basis, we agree to the matters set out in Appendix 3B of the ASX Listing Rules.

If the +securities are being offered under a +disclosure document or +PDS and are intended to be quoted on ASX, we also apply for quotation of all of the +securities that may be issued under the +disclosure document or +PDS on the terms set out in Appendix 2A of the ASX Listing Rules (on the understanding that once the final number of +securities issued under the +disclosure document or +PDS is known, in accordance with Listing Rule 3.10.3C, we will complete and lodge with ASX an Appendix 2A online form notifying ASX of their issue and applying for their quotation).

1.2 Registered Number Type

ACN

Registration Number 139183190

1.3 ASX issuer code

ZEU

1.4 The announcement is

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New announcement

1.5 Date of this announcement

9/6/2021

1.6 The Proposed issue is:

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A placement or other type of issue

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Part 7 - Details of proposed placement or other issue

Part 7A - Conditions

7A.1 Do any external approvals need to be obtained or other conditions satisfied before the placement or other type of issue can proceed on an unconditional basis? Yes

7A.1a Conditions

Approval/Condition Date for determination Is the date estimated or ** Approval actual? received/condition met? +Security holder approval 30/7/2021 Estimated

Comments

Issue of 12,000,000 Options (exercisable at 3 cents expiring 6 months after the issue date) will be subject to Shareholders's approval at the General Meeting.

Part 7B - Issue details

Is the proposed security a 'New Will the proposed issue of this class' (+securities in a class that is +security include an offer of not yet quoted or recorded by ASX) attaching +securities? or an 'Existing class' (additional No securities in a class that is already quoted or recorded by ASX)? New class

Details of +securities proposed to be issued

ISIN Code (if Issuer is a foreign company and +securities are non CDIs)

Have you received confirmation from Will the entity be seeking quotation ASX that the terms of the proposed of the 'new' class of +securities on +securities are appropriate and ASX? equitable under listing rule 6.1? No No ASX +security code +Security description New class-code to be confirmed Unlisted Options

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+Security type

Options

Number of +securities proposed to be issued

12,000,000

Offer price details

Are the +securities proposed to be issued being issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

The Company engaged Cloud Securities Pte. Ltd. to assist the Company's growth and development (terms of engagement are announced to ASX at the same time this Appendix 3B is released). Under the terms of the agreement, the Company agrees that, subject to shareholders' approval, it will issue to Cloud Securities, or their designated nominees, 12 million Unlisted options at an exercise price of $0.03 per option and an exercise period of 6 months from the issue date of the options. Shareholders' approval for these options is intended to be obtained at the General Meeting. Cloud Securities also has given a binding commitment to the Placement lead manager (details of which is is a separate announcement and Appendix 3B lodged with ASX today) to acquire any Shares not taken up under the Placement and undertakes to ensure that this commitment is not terminated before the issue of the Shares under the Placement.

Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities

360,000.000000

Will all the +securities issued in this class rank equally in all respects from their issue date? Yes

Options details
+Security currency	Exercise price	Expiry date
AUD - Australian Dollar	AUD 0.0300	9/2/2022
Details of the type of +security that will be issued if the option is exercised
ZEU : ORDINARY FULLY PAID

Number of securities that will be issued if the option is exercised

One fully paid ordinary share (ASX:ZEU)

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities proposed to be issued or provide the information by separate announcement.

Material terms of the securities proposed to be issued are in a separate announcement which has been lodged with ASX at the same time as this Appendix 3B is lodged.

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Part 7C - Timetable

7C.1 Proposed +issue date 9/8/2021 Part 7D - Listing Rule requirements 7D.1 Has the entity obtained, or is it obtaining, +security holder approval for the entire issue under listing rule 7.1? Yes 7D.1a Date of meeting or proposed meeting to approve the issue under listing rule 7.1 30/7/2021 7D.2 Is a party referred to in listing rule 10.11 participating in the proposed issue? No 7D.3 Will any of the +securities to be issued be +restricted securities for the purposes of the listing rules? No 7D.4 Will any of the +securities to be issued be subject to +voluntary escrow? No Part 7E - Fees and expenses 7E.1 Will there be a lead manager or broker to the proposed issue? No 7E.2 Is the proposed issue to be underwritten? No

7E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed issue N/A

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Part 7F - Further Information

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7F.01 The purpose(s) for which the entity is issuing the securities

The Company engaged Cloud Securities Pte. Ltd. to assist the Company's growth and development (purpose of the agreement and terms of engagement are announced to ASX at the same time this Appendix 3B is released).

7F.1 Will the entity be changing its dividend/distribution policy if the proposed issue proceeds? No

7F.2 Any other information the entity wishes to provide about the proposed issue

N/A

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