Greenvale Mining : Constitution

ASX ANNOUNCEMENT

23 March 2021

N E W C O N S T I T U T I O N

Following the passing of a Special Resolution at today's General Meeting of Shareholders, enclosed is a copy of the new Constitution of Greenvale Mining Limited

Authorised for release by

Alan Boys

Company Secretary

Contact

For further details, contact:

Neil Biddle Executive Director 0418 915 752

Media Inquiries

For further details, contact: Nicholas Read - Read Corporate

[e-mail]

Mobile: [phone]

R E G I S T E R E D O F F I C E :

130 Stirling Hwy, NORTH FREMANTLE, WA 6159 | Locked Bag 4, North Fremantle, WA Australia, 6159 t:[phone] | e: [e-mail] | www.greenvalemining.com

A B N 5 4 0 0 0 7 4 3 5 5 5

CORPORATIONS ACT 2001

CONSTITUTION

of

GREENVALE MINING LIMITED

ACN 000 743 555

Adopted by Special Resolution of the members on 23 March 2021

C O N T E N T S

1.	INTERPRETATION............................................................................................................................	1
	1.1	Definitions ......................................................................................................................	1
	1.2	Interpretation ................................................................................................................	4
	1.3	Corporations Act Definitions .......................................................................................	4
	1.4	Status of Constitution ...................................................................................................	4
	1.5	General Authorisation..................................................................................................	5
	1.6	Displacement of Replaceable Rules .........................................................................	5
	1.7	Enforceability ................................................................................................................	5
	1.8	Jurisdiction.....................................................................................................................	5
2.	SHARE CAPITAL AND VARIATION OF RIGHTS .............................................................................	5
	2.1	Rights Attaching to Shares ..........................................................................................	5
	2.2	Issue of Shares ...............................................................................................................	5
	2.3	Share Options ...............................................................................................................	5
	2.4	Variation of class rights ................................................................................................	6
	2.5	Effect of share issue on class rights.............................................................................	6
	2.6	Preference Shares ........................................................................................................	6
	2.7	Recognition of Trusts ....................................................................................................	6
	2.8	Unregistered Interests...................................................................................................	6
	2.9	Share Certificates and Share Option Certificates ....................................................	6
	2.10	Section 1071H of the Corporations Act .....................................................................	7
	2.11	Commissions..................................................................................................................	7
	2.12	Restricted Securities .....................................................................................................	7
	2.13	Non-Issue or Cancellation of Certificate ...................................................................	8
	2.14	No Prohibition on Foreign Ownership ........................................................................	8
	2.15	Payment of Interest out of Capital.............................................................................	8
3.	MINIMUM SHAREHOLDING ..........................................................................................................	8
	3.1	Effect of this Clause......................................................................................................	8
	3.2	Definitions ......................................................................................................................	8
	3.3	Minimum Shareholding ................................................................................................	9
	3.4	Sale of Listed Securities of Minority Member .............................................................	9
	3.5	Acceptance of Offer ...................................................................................................	9
	3.6	Appointment of Attorney ..........................................................................................	10
	3.7	Transfer.........................................................................................................................	10
	3.8	Proceeds of Sale.........................................................................................................	10
	3.9	Receipt of Proceeds ..................................................................................................	10
	3.10	Registration of Purchaser...........................................................................................	10
	3.11	Remedies Limited .......................................................................................................	11
	3.12	Cost of Sale of Listed Securities.................................................................................	11
	3.13	Exemption from clause 3 ...........................................................................................	11
	3.14	Notice to Exempt........................................................................................................	11
	3.15	Takeover Offer or Announcement ...........................................................................	11
	3.16	Use by Company of Clause 3 ...................................................................................	11
	3.17	Notice to New Minority Members.............................................................................	12
4.	UNCERTIFICATED HOLDINGS AND ELECTRONIC TRANSFERS...................................................	12
	4.1	Electronic or Computerised Holding........................................................................	12
	4.2	Statement of Holdings ...............................................................................................	12
	4.3	Share Certificates .......................................................................................................	12
	4.4	Listing Rules..................................................................................................................	12
5.	LIEN	..............................................................................................................................................	12
GRV - Constitution Adopted 23 March 2021	i

	5.1	Lien for Members Debts .............................................................................................	12
	5.2	Generally .....................................................................................................................	13
	5.3	Exemption....................................................................................................................	14
	5.4	Dividends .....................................................................................................................	14
	5.5	Sale of Shares..............................................................................................................	14
	5.6	Restrictions on Sale.....................................................................................................	14
	5.7	Person Authorised to Sign Transfers ..........................................................................	15
	5.8	Proceeds of Sale.........................................................................................................	15
	5.9	Protection of Lien under ASX Settlement Operating Rules ...................................	15
	5.10	Further Powers re Forfeited Shares and Liens ..........................................................	15
6.	CALLS ON SHARES ......................................................................................................................	15
	6.1	Calls..............................................................................................................................	15
	6.2	Payment of Calls ........................................................................................................	15
	6.3	Quoted Shares ............................................................................................................	16
	6.4	Unquoted Shares ........................................................................................................	16
	6.5	Joint Liability ................................................................................................................	16
	6.6	Deemed Calls .............................................................................................................	16
	6.7	Differentiation between Shareholders.....................................................................	16
	6.8	Payments in Advance of Calls..................................................................................	16
	6.9	Outstanding Moneys..................................................................................................	17
	6.10	Revocation/Postponement or Extension.................................................................	17
	6.11	Compliance with Listing Rules and Corporations Act ...........................................	17
	6.12	Waive ...........................................................................................................................	17
7.	FORFEITURE OF SHARES ..............................................................................................................	17
	7.1	Failure to Pay Call.......................................................................................................	17
	7.2	Forfeiture......................................................................................................................	17
	7.3	Sale of Forfeited Shares .............................................................................................	18
	7.4	Continuing Liability .....................................................................................................	18
	7.5	Officer's Statement Prima Facie Evidence .............................................................	18
	7.6	Procedures ..................................................................................................................	18
	7.7	Listing Rules and ASX Settlement Operating Rules .................................................	18
	7.8	Waive ...........................................................................................................................	18
8.	TRANSFER OF SHARES .................................................................................................................	19
	8.1	Form of Transfer...........................................................................................................	19
	8.2	CHESS Transfers ...........................................................................................................	19
	8.3	Participation in CHESS ................................................................................................	19
	8.4	Registration Procedure ..............................................................................................	19
	8.5	Power to Refuse to Register ......................................................................................	20
	8.6	Closure of Register......................................................................................................	20
	8.7	Retention of Transfers by Company.........................................................................	20
	8.8	Power to suspend registration of transfers...............................................................	20
	8.9	Powers of Attorney .....................................................................................................	20
	8.10	Other Securities...........................................................................................................	20
	8.11	Branch Register...........................................................................................................	20
	8.12	Compliance with ASX Settlement Operating Rules ...............................................	21
	8.13	Issuer Sponsored Subregister .....................................................................................	21
	8.14	Transferor Holds Shares until Registration of Transfer ..............................................	21
	8.15	Waive ...........................................................................................................................	21
9.	TRANSMISSION OF SHARES ........................................................................................................	21
	9.1	Death of Shareholder Leaving a Will .......................................................................	21

9.2 Death or Bankruptcy of Shareholder or the Shareholder becomes of unsound

mind .............................................................................................................................	21
GRV - Constitution Adopted 23 March 2021	ii

	9.3	Registration by Transmission or to Beneficiary.........................................................	22
	9.4	Limitations to Apply ....................................................................................................	22
	9.5	Death of a Joint Holder .............................................................................................	22
	9.6	Joint Personal Representatives .................................................................................	22
	9.7	ASX Settlement Transfer .............................................................................................	22
	9.8	Joint Holders ................................................................................................................	22
10.	CHANGES TO CAPITAL STRUCTURE ...........................................................................................	23
	10.1	Alterations to Capital .................................................................................................	23
	10.2	Reduction of Capital .................................................................................................	23
	10.3	Buy-Backs ....................................................................................................................	23
	10.4	Fractions ......................................................................................................................	24
11.	WRITTEN RESOLUTIONS ...............................................................................................................	24
12.	GENERAL MEETINGS ...................................................................................................................	24
	12.1	Convening of General Meetings of Shareholders by Directors' Resolution........	24
	12.2	Change of place or postponement of a General Meeting of Shareholders .....	24
	12.3	Convening of General Meetings of Shareholders by a Director or requisition ...	24
	12.4	Cancellation of a General Meeting of Shareholders ............................................	25
	12.5	Notice ..........................................................................................................................	25
	12.6	Irregularities in giving notice......................................................................................	25
	12.7	Business at General Meeting ....................................................................................	26
	12.8	Notice to Home Branch.............................................................................................	26
	12.9	Annual General Meeting ..........................................................................................	26
13.	PROCEEDINGS AT GENERAL MEETINGS ....................................................................................	26
	13.1	Quorum........................................................................................................................	26
	13.2	Persons Entitled to Attend a General Meeting .......................................................	26
	13.3	Refusal of Admission to Meetings .............................................................................	27
	13.4	Insufficient room .........................................................................................................	27
	13.5	Chairman ....................................................................................................................	27
	13.6	Vacating Chair ...........................................................................................................	27
	13.7	Disputes Concerning Procedure ..............................................................................	28
	13.8	General Conduct .......................................................................................................	28
	13.9	Adjournment ...............................................................................................................	28
	13.10	Notice of Resumption of Adjourned Meeting ........................................................	28
	13.11	How resolutions are decided ....................................................................................	28
	13.12	Casting Vote ...............................................................................................................	28
	13.13	Voting Rights ...............................................................................................................	28
	13.14	Voting - Show of Hands .............................................................................................	29
	13.15	Results of Voting .........................................................................................................	29
	13.16	Poll ................................................................................................................................	29
	13.17	Manner of Taking Poll.................................................................................................	29
	13.18	Meeting May Continue .............................................................................................	29
	13.19	Voting by Joint Holders ..............................................................................................	29
	13.20	Shareholder under Disability .....................................................................................	30
	13.21	Payment of Calls ........................................................................................................	30
	13.22	Objection to Voting ...................................................................................................	30
	13.23	Restrictions on voting .................................................................................................	30
	13.24	Proxies ..........................................................................................................................	30
	13.25	Electronic Appointment of Proxy..............................................................................	31
	13.26	Name of proxy ............................................................................................................	31
	13.27	Incomplete proxy appointment ...............................................................................	31
	13.28	No right to speak or vote if appointing Shareholder present ...............................	32
	13.29	Rights where 2 proxies or attorneys are appointed ...............................................	32
GRV - Constitution Adopted 23 March 2021	iii