Notification regarding unquoted securities - CZR

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

Announcement Summary

For personal use only

Entity name

CZR RESOURCES LTD

Date of this announcement

Tuesday November 09, 2021

The +securities the subject of this notification are:

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	Managing Director Incentive Performance Options	40,000,000	09/11/2021
to be confirmed	Exercisable@$0.000001, Expiry 9/11/25
New class - code	Managing Director Incentive Options A	10,000,000	09/11/2021
to be confirmed	Exercisable@$0.016, Expiry 9/11/25
New class - code	Managing Director Incentive Options B	10,000,000	09/11/2021
to be confirmed	Exercisable@$0.031, Expiry 9/11/25
New class - code	Consultancy Options Exercisable@$0.000001,	5,000,000	09/11/2021
to be confirmed	Expiry 9/11/24

Refer to next page for full details of the announcement

Notification of Issue, Conversion or Payment up of Unquoted

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

Part 1 - Entity and announcement details

For personal use only

1.1 Name of entity

CZR RESOURCES 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	Registration number
ABN	91112866869
1.3	ASX issuer code
CZR

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

9/11/2021

Notification of Issue, Conversion or Payment up of Unquoted

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

Part 2 - Issue details

For personal use only

2.1 The +securities the subject of this notification are: Other

Please specify

Sign on incentive Options for the appointment of a Managing Director and Consultancy Options

2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which:

does not have an existing ASX security code ("new class")

Notification of Issue, Conversion or Payment up of Unquoted

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

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

For personal use only

New +securities
ASX +security code		+Security description
New class - code to be confirmed		Managing Director Incentive Performance Options
		Exercisable@$0.000001, Expiry 9/11/25
+Security type		ISIN code
Options

Date the +securities the subject of this notification were issued

9/11/2021

Will all the +securities issued in this class rank equally in all respects from their issue date? No

If some of the issued +securities do not rank equally:

Is the actual date from which the +securities will rank equally (non-ranking end date) known?

No

Provide the estimated non-ranking end period

The Performance Options vest in tranches based upon various performance milestones (for details see ASX Announcement dated 9 November 2021 titled "CZR Appoints Managing Director" located at https://www.czrresources.com /asx-announcements/)

Please state the extent to which the +securities do not rank equally:

In relation to the next dividend, distribution or interest payment; or

For any other reason

Options issued in accordance with the Option Terms as noted in this appendix and upon exercise will rank equally with fully paid ordinary shares

Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1?

Yes

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued.

The Performance Options vest in tranches upon the completion of the vesting milestones (for details see ASX Announcement dated 9 November 2021 titled "CZR Appoints Managing Director" located at https://www.czrresources.com /asx-announcements/)

The Options will generally be forfeited and cancelled if the Managing Director ceases employment, except under certain circumstances

The Options will vest automatically on a Change of Control Event

The Options have an exercise price of $0.000001 and expire on 9 November 2025

Notification of Issue, Conversion or Payment up of Unquoted

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

	Options Details
only	+Security currency	Exercise price			Expiry date
AUD - Australian Dollar	AUD 0.00000000	9/11/2025
Details of the existing class of +security that will be issued upon exercise or conversion of this new class of
		company option
		Other
		Description
		Fully Paid Ordinary Shares
use
Any other information the entity wishes to provide about the +securities the subject of this notification
		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
personal	See also ASX Announcement dated 9 November 2021 titled "CZR appoints Managing Director"
	Issue details
		Number of +securities
		40,000,000
		Were the +securities issued for a cash consideration?
		No
		Please describe the consideration being provided for the +securities
		N/A
		Purpose of the issue
For	Other
Additional Details
		Once off Managing Director Incentive Performance Options
		New +securities
		ASX +security code				+Security description
		New class - code to be confirmed				Managing Director Incentive Options A
						Exercisable@$0.016, Expiry 9/11/25
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