ASX Listing Rules Appendix 3B - New Issue Announcement Application for Quotation of Additional Securities and Agreement



Appendix 3B

Rule 2.7, 3.10.3, 3.10.4, 3.10.5


New issue announcement, application for quotation of additional securities and agreement

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 01/07/96 Origin: Appendix 5 Amended 01/07/98, 01/09/99, 01/07/00, 30/09/01, 11/03/02, 01/01/03, 24/10/05, 01/08/12


Name of entity

Draig Resources Limited


ABN

99 110 439 686


We (the entity) give ASX the following information.


Part 1 - All issues

You must complete the relevant sections (attach sheets if there is not enough space).


1

+Class of+securities issued or to be issued

  1. ordinary shares - rights issue

  2. options

2

Number of +securities issued or to be issued (if known) or maximum number which may be issued

(1) Up to 30,523,954

(2) 10,000,000

3

Principal terms of the

+securities (eg, if options, exercise price and expiry date; if partly paid+securities, the amount outstanding and due dates for payment; if

+convertible securities, the conversion price and dates for conversion)

(1) & (2) fully paid ordinary shares

(3) options with exercise price of $0.035, and expiry date of 31 December 2017. The issue of options will be subject to shareholder approval.



4

Do the +securities rank equally in all respects from the date of allotment with an existing +class of quoted +securities?


If the additional securities do not rank equally, please state:

  • the date from which they do

  • the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment

  • the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment

  1. yes

  2. shares issued on exercise of options shall rank equally with existing shares

5

Issue price or consideration

  1. $0.02 per share

  2. Nil

6

Purpose of the issue

(If issued as consideration for the acquisition of assets, clearly identify those assets)

(1) To fund working capital and to assist in the identification of and securing a new project


' (2) to be issued to advisors and consultants who will assist the company in the identification of and securing a new project. The issue of options is subject to shareholder approval

6a

Is the entity an +eligible entity that has obtained security holder approval under rule 7.1A?


If Yes, complete sections 6b - 6hin relation to the +securities the subject of this Appendix 3B, and comply with section 6i

N/A

6b

The date the security holder resolution under rule 7.1A was passed

N/A

6c

Number of +securities issued without security holder approval under rule 7.1

N/A


6d

Number of +securities issued with security holder approval under rule 7.1A

N/A

6e

Number of +securities issued with security holder approval under rule 7.3, or another specific security holder approval (specify date of meeting)

Nil

6f

Number of securities issued under an exception in rule 7.2

Up to 30,523,954

6g

If securities issued under rule 7.1A, was issue price at least 75% of 15 day VWAP as calculated under rule 7.1A.3? Include the issue date and both values. Include the source of the VWAP calculation.

N/A

6h

If securities were issued under rule 7.1A for non-cash consideration, state date on which valuation of consideration was released to ASX Market Announcements

6i

Calculate the entity's remaining issue capacity under rule 7.1 and rule 7.1A - complete Annexure 1 and release to ASX Market Announcements

Capacity under rule 7.1 - 14 securities See Appendix 1

7

+Issue dates

Note: The issue date may be prescribed by ASX (refer to the definition of issue date in rule 19.12). For example, the issue date for a pro rata entitlement issue must comply with the applicable timetable in Appendix 7A.

Cross reference: item 33 of Appendix 3B.

  1. anticipated on or around 9 February 2016 and

  2. following shareholders meeting - to be advised.


Number

+Class

76,309,883*


*This does not include rights issue shares which may be issued up to 30,523,954

ordinary shares

  1. Number and +class of all

    +securities quoted on ASX (including the securities in section 2 if applicable)


    Number

    +Class

    1,650,000


    1,650,000

    5c options exercisable before 26 November

    2017


    7.5c options

    exercisable before 26

    November 2017

  2. Number and +class of all

    +securities not quoted on ASX (including the securities in section 2 if applicable)


    The Shares issued rank pari passu with all other Shares with respect to dividend policy.

  3. Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests)


Part 2 - Bonus issue or pro rata issue


11

Is security holder approval required?

No

12

Is the issue renounceable or non- renounceable?

Non-renounceable

13

Ratio in which the +securities will be offered

(1) Two shares for every five held

14

+Class of+securities to which the offer relates

(1) Fully paid ordinary shares

15

+Record date to determine entitlements

19 January 2016

16

Will holdings on different registers (or subregisters) be aggregated for calculating entitlements?

No

17

Policy for deciding entitlements in relation to fractions

fractional entitlements will be disregarded

Draig Resources Limited issued this content on 2016-01-13 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-15 14:42:28 UTC

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