Eastern Resources : Application for Quotation of Securities

Application for quotation of +securities

Announcement Summary

Entity name

EASTERN RESOURCES LIMITED

Announcement Type

New announcement

Date of this announcement

Monday January 24, 2022

The +securities to be quoted are:

+Securities issued under an +employee incentive scheme that are not subject to a restriction on transfer or that are to be quoted notwithstanding there is a restriction on transfer

Total number of +securities to be quoted

ASX +security		Number of +securities to
code	Security description	be quoted	Issue date
EFE	ORDINARY FULLY PAID	21,000,000	24/01/2022

Refer to next page for full details of the announcement

Application for quotation of +securities

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Application for quotation of +securities

Part 1 - Entity and announcement details

1.1 Name of entity

EASTERN RESOURCES LIMITED

We (the entity named above) apply for +quotation of the following +securities and agree to the matters set out in Appendix 2A of the ASX Listing Rules.

1.2	Registered number type	Registration number
ABN	70126678037
1.3	ASX issuer code
EFE

1. The announcement is New announcement
2. Date of this announcement

24/1/2022

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Application for quotation of +securities

Part 2 - Type of Issue

2.1 The +securities to be quoted are:

+Securities issued under an +employee incentive scheme that are not subject to a restriction on transfer or that are to be quoted notwithstanding there is a restriction on transfer

2.2 The +securities to be quoted are:

Additional +securities in a class that is already quoted on ASX ("existing class")

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Application for quotation of +securities

Part 3B - number and type of +securities to be quoted (existing class) where issue has not previously been notified to ASX in an Appendix 3B

Additional +securities to be quoted in an existing class issued under an +employee incentive scheme

FROM (Existing Class)

ASX +security code and description

EFEAW : PERFORMANCE RIGHTS

TO (Existing Class)

ASX +security code and description

EFE : ORDINARY FULLY PAID

Please state the number of +securities issued under the +employee incentive scheme that are not subject to a restriction on transfer or that are to be quoted notwithstanding there is a restriction on transfer

21,000,000

Please provide details of a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms

https://www.asx.com.au/asxpdf/20211105/pdf/452n1586v1gbnj.pdf

Schedule 5.

Are any of these +securities being issued to +key management personnel (KMP) or an +associate Yes

Provide details of the KMP or +associates being issued +securities

	Name of KMP		Name of registered holder	Number of +securities
				4,200,000
	Ariel Edward King		King Corporate Pty Ltd
				2,100,000
	Ariel Edward King		La Paz Resources Pty Ltd
				7,000,000
	Myles Rui Fang		Fundmax Pty Ltd
				7,000,000
	Jason Hou		Next Street Pty Ltd ATF JISM Family
			Trust
	Issue date
24/1/2022
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Application for quotation of +securities

Will the +securities to be quoted rank equally in all respects from their issue date with the existing issued +securities in that class?

Yes

Issue details

Number of +securities to be quoted

21,000,000

Are the +securities being issued for a cash consideration?

No

Please describe the consideration being provided for the +securities

Management services in connection with the acquisition of new exploration projects, the development of existing exploration projects, the development of strategic partnerships and capital raising.

Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the +securities to be quoted

0.073000

Any other information the entity wishes to provide about the +securities to be quoted

Securities issued following vesting and conversion of Performance Rights issued pursuant to shareholder approval at the Company's Annual General Meeting held on 7 December 2021.

Application for quotation of +securities

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