Notice of AGM, Proxy Form and Letter of Access
Released
Released
Announcement PDF
RareX Limited
ACN 105 578 756
Notice of Annual General Meeting
The Annual General Meeting of the Company will be held as follows:
Time and date: 10.00am (AWST) on Thursday, 26 November 2026
Location: Level 1, 1 Alvan Street, Subiaco, Western Australia
The Notice of Annual General Meeting should be read in its entirety. If Shareholders are in doubt
as to how to vote, they should seek advice from their suitably qualified advisor prior to voting.
Should you wish to discuss any matter, please do not hesitate to contact the Company by
telephone on (08) 6383 6593.
Shareholders are urged to vote by lodging the Proxy Form
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RareX Limited
ACN 105 578 756
(Company)
Notice of Annual General Meeting
Notice is hereby given that the annual general meeting of Shareholders of RareX Limited (ACN 105 578 756)
will be held at Level 1, 1 Alvan Street, Subiaco, Western Australia at 10.00am (AWST) on Thursday, 26
November 2026 (Meeting).
The Explanatory Memorandum provides additional information on matters to be considered at the Meeting. The
Explanatory Memorandum and the Proxy Form, form part of the Notice.
The Directors have determined pursuant to regulation 7.11.37 of the Corporations Regulations 2001 (Cth) that
the persons eligible to vote at the Meeting are those who are registered as Shareholders on Tuesday,
24 November 2026 at 4.00pm (AWST).
Terms and abbreviations used in the Notice are defined in Schedule 1.
Agenda
1 Annual Report
To consider the Annual Report of the Company and its controlled entities for the financial year ended
30 June 2026, which includes the Financial Report, the Directors’ Report and the Auditor’s Report.
Note: there is no requirement for Shareholders to approve the Annual Report.
2 Resolutions
Resolution 1 – Remuneration Report
To consider and, if thought fit, to pass with or without amendment, as a non-binding ordinary resolution
the following:
‘That, the Remuneration Report be adopted by Shareholders, on the terms and conditions in the
Explanatory Memorandum.’
Note: a vote on this Resolution is advisory only and does not bind the Directors or the Company.
Resolution 2 – Re-election of Director – Jeremy Robinson
To consider and, if thought fit, to pass with or without amendment, as an ordinary resolution the
following:
‘That, Jeremy Robinson, who retires in accordance with Listing Rule 14.5 and Article 7.2(b) of the
Constitution and for all other purposes, retires and, being eligible, is elected as a Director of the
Company on the terms and conditions in the Explanatory Memorandum.’
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Resolution 3 – Election of Director – Selina Hayes
To consider and, if thought fit, to pass with or without amendment, as an ordinary resolution the
following:
'That, for the purpose of Listing Rule 14.4 and Article 7.6(b) of the Constitution and for all other
purposes, Selina Hayes, a Director who was appointed as a Director by the Board of Directors in
accordance with Article 7.6(a) of the Constitution on 1 January 2026, retires and, being eligible, is
elected as a Director of the Company, on the terms and conditions in the Explanatory Memorandum.’
Resolution 4 – Approval of 10% Placement Facility
To consider and, if thought fit, to pass with or without amendment, as a special resolution the following:
‘That, pursuant to and in accordance with Listing Rule 7.1A and for all other purposes, Shareholders
approve the issue of Equity Securities totalling up to 10% of the issued capital of the Company at the
time of issue, calculated in accordance with the formula prescribed in Listing Rule 7.1A.2 and on the
terms and conditions in the Explanatory Memorandum.’
Voting exclusions
Pursuant to the Listing Rules, the Company will disregard any votes cast in favour of Resolution 4 if at
the time of the Meeting, the Company is proposing to make an issue of Equity Securities under Listing
Rule 7.1A.2, by or on behalf of any persons who are expected to participate in, or who will obtain a
material benefit as a result of, the proposed issue (except a benefit solely by reason of being a
Shareholder), or any of their respective associates.
The above voting exclusion does not apply to a vote cast in favour of the Resolution by:
(a) a person as proxy or attorney for a person who is entitled to vote, in accordance with directions
given to the proxy or attorney to vote on the Resolution in that way;
(b) the Chair as proxy or attorney for a person who is entitled to vote, in accordance with a direction
given to the Chair to vote on the Resolution as the Chair decides; or
(c) a holder acting solely in a nominee, trustee, custodial or other fiduciary capacity on behalf of a
beneficiary provided the following conditions are met:
(i) the beneficiary provides written confirmation to the holder that the beneficiary is not
excluded from voting, and is not an associate of a person excluded from voting, on the
Resolution; and
(ii) the holder votes on the Resolution in accordance with directions given by the
beneficiary to the holder to vote in that way.
Voting prohibitions
Resolution 1: In accordance with sections 250BD and 250R of the Corporations Act, a vote on this
Resolution must not be cast (in any capacity) by or on behalf of a member of the Key Management
Personnel details of whose remuneration are included in the Remuneration Report, or a Closely Related
Party of such a member.
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A vote may be cast by such person if the vote is not cast on behalf of a person who is excluded from
voting on this Resolution, and:
(a) the person is appointed as a proxy by writing that specifies the way the proxy is to vote on this
Resolution; or
(b) the voter is the Chair and the appointment of the Chair as proxy does not specify the way the
proxy is to vote on this Resolution, but expressly authorises the Chair to exercise the proxy
even if this Resolution is connected with the remuneration of a member of the Key Management
Personnel.
If you purport to cast a vote other than as permitted above, that vote will be disregarded by the Company
(as indicated above) and you may be liable for breaching the voting restrictions that apply to you under
the Corporations Act.
BY ORDER OF THE BOARD
Oonagh Malone
Company Secretary
RareX Limited
Dated: 22 October 2026
Page 5
RareX Limited
105 578 756
(Company)
Explanatory Memorandum
1. Introduction
The Explanatory Memorandum has been prepared for the information of Shareholders in
connection with the business to be conducted at the Meeting to be held at Level 1, 1 Alvan
Street, Subiaco, Western Australia at 10.00am (AWST) on Thursday, 26 November 2026.
The Explanatory Memorandum forms part of the Notice which should be read in its entirety. The
Explanatory Memorandum contains the terms and conditions on which the Resolution will be
voted.
The Explanatory Memorandum includes the following information to assist Shareholders in
deciding how to vote on the Resolution:
Section 2 Action to be taken by Shareholders
Section 3 Annual Report
Section 4 Resolution 1 – Remuneration Report
Section 5 Resolution 2 – Re-election of Director – Jeremy Robinson
Section 6 Resolution 3 – Election of Director – Selina Hayes
Section 7 Resolution 4 – Approval of 10% Placement Facility
Schedule 1 Definitions
A Proxy Form is located at the end of the Explanatory Memorandum.
2. Action to be taken by Shareholders
Shareholders should read the Notice including the Explanatory Memorandum carefully before
deciding how to vote on the Resolution.
2.1 Voting in person
To vote in person, attend the Meeting on the date and at the place set out above.
2.2 Voting by a corporation
A Shareholder that is a corporation may appoint an individual to act as its representative and
vote in person at the Meeting. The appointment must comply with the requirements of section
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250D of the Corporations Act. The representative should bring to the Meeting evidence of his
or her appointment, including any authority under which it is signed.
2.3 Voting by proxy
A Proxy Form is attached to the Notice. This is to be used by Shareholders if they wish to appoint
a representative (a 'proxy') to vote in their place. All Shareholders are invited and encouraged
to attend the Meeting or, if they are unable to attend in person, sign and return the Proxy Form
to the Company in accordance with the instructions thereon. Lodgement of a Proxy Form will
not preclude a Shareholder from attending and voting at the Meeting in person.
Please note that:
(a) a member of the Company entitled to attend and vote at the Meeting is entitled to
appoint a proxy;
(b) a proxy need not be a member of the Company; and
(c) a member of the Company entitled to cast two or more votes may appoint two proxies
and may specify the proportion or number of votes each proxy is appointed to exercise,
but where the proportion or number is not specified, each proxy may exercise half of
the votes.
The enclosed Proxy Form provides further details on appointing proxies and lodging Proxy
Forms.
Section 250BB(1) of the Corporations Act provides that an appointment of a proxy may specify
the way the proxy is to vote on a particular resolution and, if it does:
(a) the proxy need not vote on a show of hands, but if the proxy does so, the proxy must
vote that way (i.e. as directed);
(b) if the proxy has 2 or more appointments that specify different ways to vote on the
resolution – the proxy must not vote on a show of hands;
(c) if the proxy is the chair of the meeting at which the resolution is voted on – the proxy
must vote on a poll, and must vote that way (i.e. as directed); and
(d) if the proxy is not the chair – the proxy need not vote on the poll, but if the proxy does
so, the proxy must vote that way (i.e. as directed).
Section 250BC of the Corporations Act provides that, if:
(a) an appointment of a proxy specifies the way the proxy is to vote on a particular resolution
at a meeting of the company’s members;
(b) the appointed proxy is not the chair of the meeting;
(c) at the meeting, a poll is duly demanded, or is otherwise required under section 250JA
on the resolution; and
(d) either the proxy is not recorded as attending the meeting or the proxy does not vote on
the resolution,
the chair of the meeting is taken, before voting on the resolution closes, to have been appointed
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as the proxy for the purposes of voting on the resolution at the meeting. Your proxy voting
instruction must be received by 10.00am (AWST) on Tuesday, 24 November 2026, being not
later than 48 hours before the commencement of the Meeting.
2.4 Chair's voting intentions
If the Chair is your proxy, either by appointment or by default, and you have not indicated your
voting intention, you expressly authorise the Chair to exercise the proxy in respect of Resolution
1 even though this Resolution is connected directly or indirectly with the remuneration of the
Company’s Key Management Personnel.
The Chair intends to exercise all available proxies in favour of all Resolutions, unless the
Shareholder has expressly indicated a different voting intention. In exceptional circumstances,
the Chair of the Meeting may change their voting intention on any Resolution, in which case an
ASX announcement will be made.
2.5 Submitting questions
Shareholders may submit questions in advance of the Meeting to the Company. Questions must
be submitted by emailing the Company Secretary at oonagh@rarex.com.au by 4:00pm on
Thursday, 19 November 2026.
Shareholders will also have the opportunity to submit questions during the Meeting in respect
to the formal items of business. In order to ask a question during the Meeting, please follow the
instructions from the Chair.
The Chair will attempt to respond to the questions during the Meeting. The Chair will request
prior to a Shareholder asking a question that they identify themselves (including the entity name
of their shareholding and the number of Shares they hold).
3. Annual Report
In accordance with section 317 of the Corporations Act, Shareholders will be offered the
opportunity to discuss the Annual Report, including the Financial Report, the Directors' Report
and the Auditor's Report for the financial year ended 30 June 2026.
There is no requirement for Shareholders to approve the Annual Report.
At the Meeting, Shareholders will be offered the opportunity to:
(a) discuss the Annual Report which is available online at
https://rarex.com.au/announcements#annual_reports_block;
(b) ask questions about, or comment on, the management of the Company; and
(c) ask the auditor questions about the conduct of the audit and the preparation and content
of the Auditor's Report.
In addition to taking questions at the Meeting, written questions to the Chair about the
management of the Company, or to the Company's auditor about:
(a) the preparation and content of the Auditor's Report;
(b) the conduct of the audit;
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(c) accounting policies adopted by the Company in relation to the preparation of the
financial statements; and
(d) the independence of the auditor in relation to the conduct of the audit,
may be submitted no later than five business days before the Meeting to the Company Secretary
at the Company's registered office.
The Company will not provide a hard copy of the Company’s Annual Report to Shareholders
unless specifically requested to do so.
4. Resolution 1 – Remuneration Report
4.1 General
In accordance with section 250R(2) of the Corporations Act, the Company must put the
Remuneration Report to the vote of Shareholders. The Directors’ Report for the year ended
30 June 2026 in the Annual Report contains the Remuneration Report which sets out the
remuneration policy for the Company and the remuneration arrangements in place for the
executive Directors, specified executives and non-executive Directors.
In accordance with section 250R(3) of the Corporations Act, Resolution 1 is advisory only and
does not bind the Directors. If Resolution 1 is not passed, the Directors will not be required to
alter any of the arrangements in the Remuneration Report.
If the Company's Remuneration Report receives a 'no' vote of 25% or more (Strike) at two
consecutive annual general meetings, Shareholders will have the opportunity to remove the
whole Board, except the managing director (if any).
Where a resolution on the Remuneration Report receives a Strike at two consecutive annual
general meetings, the Company will be required to put to Shareholders at the second annual
general meeting a resolution on whether another meeting should be held (within 90 days) at
which all Directors (other than the managing director, if any) who were in office at the date of
approval of the applicable Directors’ Report must stand for re-election.
The Company's Remuneration Report did not receive a Strike at the 2025 annual general
meeting held on 28 November 2025. If the Remuneration Report receives a Strike at this
Meeting, Shareholders should be aware that if a second Strike is received at the 2027 annual
general meeting, this may result in the re-election of the Board.
The Chair will allow a reasonable opportunity for Shareholders as a whole to ask about, or make
comments on the Remuneration Report.
4.2 Additional information
Resolution 1 is an ordinary resolution.
Given the personal interests of all Directors in the outcome of this Resolution, the Board declines
to make a recommendation to Shareholders regarding this Resolution.
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5. Resolution 2 – Re-election of Director – Jeremy Robinson
5.1 General
Article 7.2(a) of the Constitution and Listing Rule 14.4 both provide that a Director (excluding a
Managing Director) must not hold office without re-election past the third annual general meeting
following that Director's appointment or three years, whichever is longer.
Mr Jeremy Robinson was last elected at the Company’s annual general meeting held on 30
November 2023. Article 7.3 of the Constitution provides that a Director who retires is eligible for
re-election and that re-election takes effect at the conclusion of the Meeting.
Accordingly, Mr Robinson retires at this meeting and, being eligible and offering himself for
election, seeks election pursuant to Resolution 2.
If Resolution 2 is passed, Mr Robinson will be re-elected as a Director of the Company with
effect from the conclusion of the Meeting.
If Resolution 2 is not passed, Mr Robinson will not be re-elected as a Director of the Company.
5.2 Jeremy Robinson
Mr Robinson is an experienced mining executive having held senior roles at multiple junior and
mid-tier mining and exploration companies. Mr Robinson has a Bachelor of Commerce from the
University of Western Australia majoring in Corporate Finance, Investment Finance and
Marketing. Mr Robinson is an executive director of EAU Lithium Limited, formerly Cosmos
Exploration Limited, non-executive chair of Brazilian Critical Minerals Limited and a non-
executive director Lac Old Limited and Mont Royal Resources Limited.
Mr Robinson does not currently hold any material directorships other than as disclosed in this
Notice.
If elected, Mr Robinson is considered by the Board (with Mr Robinson abstaining) to be an
independent Director. As three years has now elapsed since his executive role with the
Company, Mr Robinson is not considered by the Board to hold any interest, position or
relationship that might influence, or reasonably be perceived to influence, in a material respect
his capacity to bring an independent judgment to bear on issues before the Board and to act in
the best interests of the entity as a whole rather than in the interests of an individual security
holder or other party.
Mr Robinson has acknowledged to the Company that he will have sufficient time to fulfil his
responsibilities as a Director.
5.3 Board recommendation
The Board (other than Mr Robinson who has a personal interest in the outcome of this
Resolution) supports the election of Mr Robinson as Mr Robinson’s skills and experience in
finance and mining as well board experience across several companies are important additions
to the Board’s existing skills and experience.
5.4 Additional information
Resolution 2 is an ordinary resolution.
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6. Resolution 3 – Election of Director – Selina Hayes
6.1 General
Article 7.6(a) of the Constitution provides that the Directors may at any time appoint any
person to be a Director, either to fill a casual vacancy or as an addition to the existing
Directors.
Article 7.6(b) of the Constitution and Listing Rule 14.4 both provide that a Director appointed
under 7.6(a) must not hold office without re-election past the next annual general meeting of
the Company following the Director's appointment.
Article 7.6(c) of the Constitution provides a Director appointed under Article 7.6(a) holds office
until the conclusion of the next annual general meeting of the Company but is eligible for
election at that meeting. Accordingly, Selina Hayes, a Director appointed on 1 January 2026,
retires at this Meeting and, being eligible and offering herself for election, seeks election
pursuant to Resolution 3.
6.2 Selina Hayes
Ms Hayes, a U.S. – Australian dual citizen, is based in Washington, D.C., and has worked
extensively with the U.S. Government on strategic and security initiatives. She leads Hayes
Group International—a boutique advisory firm specialising in strategic access to U.S. capital,
policy stakeholders and African mining opportunities. A long-time advocate for the
development of transparent, allied rare-earth supply chains, Ms Hayes brings extensive
experience spanning critical minerals, space and geospatial intelligence, and East African
resource policy. She has worked closely with U.S. and African government counterparts on
supply-chain initiatives linked to the Lobito Corridor, the U.S.-Africa Leaders Summit, and a
range of rare-earth and technology partnerships.
Ms Hayes does not currently hold any other material directorships.
The Company confirms that it took appropriate checks into Ms Hayes’s background and
experience and that these checks did not identify any information of concern.
If elected, Ms Hayes is considered by the Board (with Ms Hayes abstaining) to be an
independent Director. Ms Hayes is not considered by the Board to hold any interest, position
or relationship that might influence, or reasonably be perceived to influence, in a material
respect her capacity to bring an independent judgement to bear on issues before the Board
and to act in the best interests of the entity as a whole rather than in the interests of an
individual security holder or other party.
Ms Hayes has acknowledged to the Company that she will have sufficient time to fulfil her
responsibilities as a Director.
6.3 Board recommendation
The Board (other than Ms Selina Hayes who has a personal interest in the outcome of this
Resolution) supports the election of Ms Hayes as Ms Hayes’s skills and significant experience
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in critical minerals, space and geospatial intelligence, and East African resource policy are
important additions to the Board’s existing skills and experience.
6.4 Additional information
Resolution 3 is an ordinary resolution.
7. Resolution 4 – Approval of 10% Placement Facility
7.1 General
Listing Rule 7.1A enables an eligible entity to issue Equity Securities up to 10% of its issued
share capital through placements over a 12 month period after the annual general meeting (10%
Placement Facility). The 10% Placement Facility is in addition to the Company's 15% annual
placement capacity under Listing Rule 7.1.
Resolution 4 seeks Shareholder approval to provide the Company with the ability to issue Equity
Securities under the 10% Placement Facility during the 10% Placement Period (refer to Section
7.2(f) below). The number of Equity Securities to be issued under the 10% Placement Facility
will be determined in accordance with the formula prescribed in Listing Rule 7.1A.2 (refer to
Section 7.2(c) below).
If Resolution 4 is passed, the Company will be able to issue Equity Securities up to the combined
25% limit in Listing Rules 7.1 and 7.1A without any further Shareholder approval.
If Resolution 4 is not passed, the Company will not be able to access the additional 10% capacity
to issue Equity Securities without Shareholder approval provided for in Listing Rule 7.1A and
will remain subject to the 15% limit on issuing Equity Securities without Shareholder approval in
Listing Rule 7.1.
7.2 Listing Rule 7.1A
(a) Is the Company an eligible entity?
An eligible entity for the purposes of Listing Rule 7.1A is an entity that is not included in
the S&P/ASX 300 Index and has a market capitalisation of $300 million or less.
The Company is an eligible entity as it is not included in the S&P/ASX 300 Index and
has a market capitalisation of approximately $13.38 million, based on the closing price
of Shares ($0.011) on 14 October 2026.
(b) What Equity Securities can be issued?
Any Equity Securities issued under the 10% Placement Facility must be in the same
class as an existing quoted class of Equity Securities of the eligible entity.
As at the date of the Notice, the Company has on issue two quoted classes of Equity
Securities, being Shares and Options (ASX:REEO).
(c) How many Equity Securities can be issued?
Listing Rule 7.1A.2 provides that under the approved 10% Placement Facility, the
Company may issue or agree to issue a number of Equity Securities calculated in
accordance with the following formula:
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(A x D) – E
Where:
A = is the number of Shares on issue at the commencement of the Relevant Period:
(A) plus the number of fully paid Shares issued in the Relevant Period
under an exception in Listing Rule 7.2 other than exceptions 9, 16 or
17;
(B) plus the number of fully paid Shares issued in the Relevant Period on
the conversion of convertible securities within Listing Rule 7.2 exception
9 where:
(1) the convertible securities were issued or agreed to be issued
before the commencement of the Relevant Period; or
(2) the issue of, or agreement to issue, the convertible securities
was approved, or taken under the Listing Rules to have been
approved, under Listing Rule 7.1 or Listing Rule 7.4;
(C) plus the number of fully paid Shares issued in the Relevant Period
under an agreement to issue securities within Listing Rule 7.2 exception
16 where:
(1) the agreement was entered into before the commencement of
the Relevant Period; or
(2) the agreement or issue was approved, or taken under the
Listing Rules to have been approved, under Listing Rule 7.1 or
Listing Rule 7.4;
(D) plus the number of partly paid Shares that became fully paid Shares in
the Relevant Period;
(E) plus the number of fully paid Shares issued in the Relevant Period with
approval under Listing Rules 7.1 and 7.4; and
(F) less the number of fully paid Shares cancelled in the Relevant Period.
Note that 'A' has the same meaning in Listing Rule 7.1 when calculating the
Company's 15% annual placement capacity, and ‘Relevant Period’ has the
relevant meaning given in Listing Rule 7.1 and 7.1A.2, namely, the 12 month
period immediately preceding the date of the issue or agreement.
D = is 10%.
E = is the number of Equity Securities issued or agreed to be issued under Listing
Rule 7.1A.2 in the Relevant Period where the issue or agreement has not been
subsequently approved by Shareholders under Listing Rule 7.4.
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(d) What is the interaction with Listing Rule 7.1?
The Company's ability to issue Equity Securities under Listing Rule 7.1A will be in
addition to its 15% annual placement capacity under Listing Rule 7.1.
(e) At what price can the Equity Securities be issued?
Any Equity Securities issued under Listing Rule 7.1A must be issued for a cash
consideration per Equity Security which is not less than 75% of the VWAP of Equity
Securities in the same class calculated over the 15 Trading Days on which trades in
that class were recorded immediately before:
(i) the date on which the price at which the Equity Securities are to be issued is
agreed by the Company and the recipient of the Equity Securities; or
(ii) if the Equity Securities are not issued within 10 Trading Days of the date in
paragraph 7.2(e)(i) above, the date on which the Equity Securities are issued,
(Minimum Issue Price).
(f) When can Equity Securities be issued?
Shareholder approval of the 10% Placement Facility under Listing Rule 7.1A will be valid
from the date of the Meeting and will expire on the earlier of:
(i) the date that is 12 months after the date of the Meeting;
(ii) the time and date of the Company's next annual general meeting; or
(iii) the time and date of Shareholder approval of a transaction under Listing Rules
11.1.2 (a significant change to the nature or scale of activities) or 11.2 (disposal
of main undertaking),
(10% Placement Period).
(g) What is the effect of Resolution 4?
The effect of Resolution 4 will be to allow the Company to issue the Equity Securities
under Listing Rule 7.1A during the 10% Placement Period without further Shareholder
approval or using the Company's 15% annual placement capacity under Listing Rule
7.1.
7.3 Specific information required by Listing Rule 7.3A
Pursuant to and in accordance with Listing Rule 7.3A, the following information is provided in
relation to the 10% Placement Facility:
(a) Final date for issue
The Company will only issue the Equity Securities under the 10% Placement Facility
during the 10% Placement Period (refer to Section 7.2(f) above).
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(b) Minimum issue price
Where the Company issues Equity Securities under the 10% Placement Facility, it will
only do so for cash consideration and the issue price will be not less than the Minimum
Issue Price (refer to Section 7.2(e) above).
(c) Purposes of issues under the 10% Placement Facility
The Company may seek to issue Equity Securities under the 10% Placement Facility
for the purposes of raising funds for continued investment in the Company's current
assets, the acquisition of new assets or investments (including expenses associated
with such an acquisition), and/or for general working capital.
(d) Risk of economic and voting dilution
Shareholders should note that there is a risk that:
(i) the market price for the Company's Equity Securities may be significantly lower
on the date of the issue of the Equity Securities than on the date of the Meeting;
and
(ii) the Equity Securities may be issued at a price that is at a discount to the market
price for the Company's Equity Securities on the issue date,
which may have an effect on the amount of funds raised by the issue of the Equity
Securities.
If this Resolution 4 is approved by Shareholders and the Company issues Equity
Securities under the 10% Placement Facility, the existing Shareholders’ economic and
voting power in the Company may be diluted as shown in the below table (in the case
of Options, only if the Options are converted into Shares).
The table below shows the dilution of existing Shareholders based on the current market
price of Shares and the current number of Shares for Variable ‘A’ calculated in
accordance with the formula in Listing Rule 7.1A.2 (refer to Section 7.2(c) above) as at
the date of this Notice (Variable A), with:
(i) two examples where Variable A has increased, by 50% and 100%; and
(ii) two examples of where the issue price of Shares has decreased by 50% and
increased by 100% as against the current market price.
Shares (Variable
A in Listing
Rule 7.1A.2)
Dilution
Issue price
per Share
$0.0055
50% decrease
in Current
Market Price
$0.011
Current Market
Price
$0.022
100% increase
in Current
Market Price
1,216,550,383
Shares
Variable A
10% Voting
Dilution
121,655,038
Shares
121,655,038
Shares
121,655,038
Shares
Funds raised $669,103 $1,338,205 $2,676,411
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