Golden Deeps : Cancel - Proposed issue of securities - GED

Proposed issue of securities

Cancellation Summary

Entity name

For personal use only

GOLDEN DEEPS LIMITED.

Announcement Type

Cancellation of previous announcement

Date of this announcement

12/4/2022

Reason for cancellation of previous announcement

A new Appendix 3B was released on 7/04/2022 to place this one

Refer to next page for full details of the announcement

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Proposed issue of securities

Part 1 - Entity and announcement details

1.1 Name of +Entity

GOLDEN DEEPS LIMITED.

For personal use only

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 054570777

1.3 ASX issuer code GED

1.4 The announcement is

Cancellation of previous announcement

1.4c Reason for cancellation of previous announcement

A new Appendix 3B was released on 7/04/2022 to place this one

1.4d Date of previous announcement to this cancellation 20/12/2021

1.5 Date of this announcement 12/4/2022

1.6 The Proposed issue is:

A placement or other type of issue

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Proposed issue of securitiesPart 7 - Details of proposed placement or other issue

For personal use 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?

Yes

7A.1a Conditions

Approval/Condition +Security holder approval

Date for determination 27/1/2022

Is the date estimated or actual?

** Approval received/condition met?

Actual

No

Comments

Approval for the future issue of options is being sought in Resolution 7 of the Annual General Meeting to be held on 27

January 2022.

Part 7B - Issue details

Is the proposed security a 'New class' (+securities in a class that is not yet quoted or recorded by ASX) or an 'Existing class' (additional securities in a class that is already quoted or recorded by ASX)?

New class

Details of +securities proposed to be issued

Will the proposed issue of this +security include an offer of attaching +securities?

No

ISIN Code (if Issuer is a foreign company and +securities are non CDIs)Have you received confirmation from Will the entity be seeking quotationASX that the terms of the proposed +securities are appropriate and equitable under listing rule 6.1?

Yes

ASX +security code

New class-code to be confirmed

of the 'new' class of +securities on ASX?

Yes

+Security description

Options to purchase fully paid GED shares at $0.015 with an expiry date of 27 January 2024.

+Security type Proposed issue of securities

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Proposed issue of securities

+Security type

Options

Number of +securities proposed to be issued

50,000,000

For personal use only

Offer price details

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

Yes

In what currency is the cash	What is the issue price per
consideration being paid?	+security?
AUD - Australian Dollar	AUD 0.00002

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 0.0150	27/1/2024

Details of the type of +security that will be issued if the option is exercised GED : ORDINARY FULLY PAID

Number of securities that will be issued if the option is exercised One fully paid ordinary share (ASX:GED)

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.

https://www.goldendeeps.com/announcement-category/asx-announcements/

Part 7C - Timetable

7C.1 Proposed +issue date

26/4/2022

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Proposed issue of securities

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

For personal use only

7D.1a Date of meeting or proposed meeting to approve the issue under listing rule 7.1 27/1/2022

• 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 None.

Part 7F - Further Information

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

To enable employees, consultants and service providers to participate in the equity of the Company whilst also linking the services provided to the future growth of the Company's Equity Securities

• 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

Further details are available in the Notice of Meeting dated 20 December 2021.

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