Golden Cross Resources : Update - Proposed issue of securities - GCR

Proposed issue of securities

Update Summary

For personal use only

Entity name

GOLDEN CROSS RESOURCES LTD

Announcement Type

Update to previous announcement

Date of this announcement

9/2/2022

Reason for update to a previous announcement

Completion of Offer

Refer to next page for full details of the announcement

Proposed issue of securities

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Proposed issue of securities

Part 1 - Entity and announcement details

For personal use only

1.1 Name of +Entity

GOLDEN CROSS RESOURCES LTD

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	Registration Number
ABN	65063075178
1.3	ASX issuer code
GCR

1.4 The announcement is

Update/amendment to previous announcement

1.4a Reason for update to a previous announcement

Completion of Offer

1.4b Date of previous announcement to this update

30/11/2021

1.5 Date of this announcement

9/2/2022

1.6 The Proposed issue is:

A placement or other type of issue

Proposed issue of securities

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Proposed issue of securities

Part 7 - Details of proposed placement or other issue

only
	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?
use	No
	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?
personal	or an 'Existing class' (additional	No
securities in a class that is already
consideration?
		quoted or recorded by ASX)?
		Existing class
	Details of +securities proposed to be issued
		ASX +security code and description
		GCR : ORDINARY FULLY PAID
		Number of +securities proposed to be issued
		10,000,000
		Offer price details
		Are the +securities proposed to be issued being issued for a cash
For	Yes
In what currency is the cash	What is the issue price per
		consideration being paid?	+security?
		AUD - Australian Dollar	AUD 0.30000

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

Yes

Proposed issue of securities

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Proposed issue of securities

	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
only	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)
use	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		39 cent Broker Options
personal
+Security type
provided for the +securities
	Options
	Number of +securities proposed to be issued
	750,000
	Offer price details
	Are the +securities proposed to be issued being issued for a cash consideration?
	No
	Please describe the consideration being provided for the +securities
	Issue as consideration to Lead Manager
For	Please provide an estimate of the AUD equivalent of the consideration being
Will all the +securities issued in this class rank equally in all respects from

their issue date? Yes

Proposed issue of securities

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Proposed issue of securities

Options details

		+Security currency		Exercise price	Expiry date
		AUD - Australian Dollar		AUD 0.3900	18/7/2022
only	Details of the type of +security that will be issued if the option is exercised
GCR : ORDINARY FULLY PAID
		Number of securities that will be issued if the option is exercised
		One fully paid ordinary share (ASX:GCR)
		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.
		www.goldencross.com.auprospectus dated 29 November 2021
use	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
personal	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		57 cent Broker Options
For	+Security type
Options
Number of +securities proposed to be issued
750,000
Offer price details

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

No

Proposed issue of securities

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