Riversgold : Proposed issue of securities - RGL

Proposed issue of securities

Announcement Summary

For personal use only

Entity name

RIVERSGOLD LIMITED

Announcement Type

New announcement

Date of this announcement

10/3/2022

The Proposed issue is:

A placement or other type of issue

Total number of +securities proposed to be issued for a placement or other type of issue

		Maximum Number of
ASX +security code	+Security description	+securities to be issued
New class-code to be	Unquoted options exercisable at $0.05 each	20,000,000
confirmed
RGL	ORDINARY FULLY PAID	26,160,377

Proposed +issue date

27/4/2022

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

RIVERSGOLD LIMITED

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	64617614598
1.3	ASX issuer code
RGL

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

10/3/2022

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?
		Yes
use	7A.1a Conditions
Approval/Condition	Date for determination	Is the date estimated or	** Approval
		+Security holder approval	21/4/2022		actual?	received/condition met?
			Estimated
		Comments
personal
	P rt 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?
		or an 'Existing class' (additional	No
		securities in a class that is already
		quoted or recorded by ASX)?
		Existing class
	Details of +securities proposed to be issued
For	ASX +security code and description
RGL : ORDINARY FULLY PAID

Number of +securities proposed to be issued 26,160,377

Offer price details

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

Yes

Proposed issue of securities

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Proposed issue of securities

In what currency is the cash consideration being paid?

AUD - Australian Dollar

What is the issue price per +security?

AUD 0.01700

only	Will these +securities rank equally in all respects from their issue date with
the existing issued +securities in that class?
		Yes
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
		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 ASX that the terms of the proposed +securities are appropriate and equitable under listing rule 6.1?

No

ASX +security code

New class-code to be confirmed

Will the entity be seeking quotation of the 'new' class of +securities on ASX?

No

+Security description

Unquoted options exercisable at $0.05 each

For personal

+Security type

Options

Number of +securities proposed to be issued

20,000,000

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

Director incentive options

Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities

Proposed issue of securities

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Proposed issue of securities

Will all the +securities issued in this class rank equally in all respects from their issue date?

Yes

only
	Options details
			+Security currency	Exercise price	Expiry date
			AUD - Australian Dollar	AUD 0.0500
			Details of the type of +security that will be issued if the option is exercised
use		RGL : ORDINARY FULLY PAID
	Number of securities that will be issued if the option is exercised
			One fully paid ordinary share (ASX: RGL)
			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.
			Material terms will be set out in notice of meeting seeking approval
personal
	Part 7C - Timetable
		7C.1 Proposed +issue date
		27/4/2022
	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?
For		Yes
7D.1a Date of meeting or proposed meeting to approve the issue under listing rule 7.1
		21/4/2022

7D.2 Is a party referred to in listing rule 10.11 participating in the proposed issue? Yes

7D.3 Will any of the +securities to be issued be +restricted securities for the purposes of the listing rules? No

Proposed issue of securities

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