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    GGG   AU000000GGG4

GREENLAND MINERALS LIMITED

(GGG)
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Greenland Minerals and Energy : Section 708A Cleansing Statement and Appendix 3B

12/14/2016 | 03:33am EDT

12 December 2016

Company Announcements Office Australian Securities Exchange

Cleansing Notice under 708A(5)(e) of the Corporations Act 2001

This notice is given by Greenland Minerals and Energy Limited (ASX:GGG) ("the Company") pursuant to section 708A(5)(e) of the Corporations Act 2001 ("Act").

The Company has issued 125,000,000 shares at $0.037. These shares were issued to Le Shan Shenghe Rare Earth Company Limited in accordance with the ASX announcement 23rdSeptember 2016 and shareholder approval obtained on 29thNovember 2016.

The Company notifies the ASX under section 708A(5)(e) Act that:

  1. This notice is being given under section 708A(5)(e) of the Act;

  2. The Company issued the securities without disclosure to investors under Part 6D.2 of the Act;

  3. As at the date of this notice, the Company has complied with the provisions of Chapter 2M of the Act as they apply to the Company and with section 674 of the Act; and

  4. As at the date of this notice, there is no information that is excluded information for the purposes of sections 708A(7) and (8) of the Act.

Yours faithfully,

Miles Guy Company Secretary

PERTH: Unit 6, 100 Railway Road, Subiaco Western Australia 6008POSTAL: PO Box 2006, Subiaco WA 6904 Telephone: +61 8 9382 2322 Facsimile: +61 8 9382 2788 GREENLAND: PO Box 156, Narsaq, Greenland 3921 WEB:www.ggg.gl EMAIL:info@ggg.gl ABN: 85 118 463 004 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, 04/03/13

Name of entity

Greenland Minerals and Energy Limited

ABN

85 118 463 004

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

Quoted shares

2

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

  1. 125,000,000 Ordinary fully paid shares

  2. 4,233 Ordinary fully paid shares

3

Principal terms of the +securities (e.g. 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. 125,000,000 Ordinary fully paid shares

  2. 4,233 Ordinary fully paid shares

+ See chapter 19 for defined terms.

04/03/2013 Appendix 3B Page 1

4

Do the +securities rank equally in all respects from the +issue date 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

Yes

5

Issue price or consideration

(i) $0.037

(ii) $0.08

6

Purpose of the issue

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

  1. Placement of shares to Le Shan Shenghe Rare Earth Company Limited in in accordance with the ASX announcement 23rdSeptember 2016 and shareholder approval obtained on 29thNovember 2016.

  2. Exercise of 4,233 GGGOB, 8 cent exercise price options.

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

Yes

6b

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

26 May 2016

6c

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

Nil

6d

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

Nil

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

4,233

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.

NA

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

NA

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

7.1: - 140,478,448

7.1A: - 99,475,676

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. 9 December 2016

  2. 8 December 2016

Number

+Class

999,124,923

187,023,480

Fully paid ordinary shares

Options expire 30

September 2018

8 Number and +class of all

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

+ See chapter 19 for defined terms.

04/03/2013 Appendix 3B Page 3

Greenland Minerals and Energy Limited published this content on 12 December 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 14 December 2016 08:33:05 UTC.


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Financials
Sales 2020 0,16 M 0,12 M 0,12 M
Net income 2020 -3,08 M -2,37 M -2,37 M
Net cash 2020 36,0 M 27,7 M 27,7 M
P/E ratio 2020 -102x
Yield 2020 -
Capitalization 154 M 119 M 119 M
EV / Sales 2019 2 293x
EV / Sales 2020 2 018x
Nbr of Employees 28
Free-Float 81,4%
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Managers and Directors
NameTitle
John Lefroy Mair Managing Director & Executive Director
Miles Simon Guy Chief Financial Officer & Secretary
Peng Ho Non-Executive Chairman
Simon Kenneth Cato Non-Executive Director
Xiaolei Guo Non-Executive Director
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