Rule 2.7, 3.10.3, 3.10.4, 3.10.5
New issue announcement, application for quotation of additional securities and agreementInformation 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 1/7/96. Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/2001, 11/3/2002, 1/1/2003, 24/10/2005.
Name of entity
Torian Resources NL
ABN
72 002 261 565
We (the entity) give ASX the following information.
Part 1 - All issuesYou must complete the relevant sections (attach sheets if there is not enough space).
1 +Class of +securities issued or
to be
issued TNR: Ordinary Fully Paid Shares
2 Number of +securities issued or to be issued
(if known) or maximum number which may be issued
29,411,765 TNR
3 Principal terms of the +securities (eg, 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)
29,411,765 TNR issued with respect to Conversion Notice received for $50,000.00 of the first Convertible Note issued under the Funding Agreement with La Jolla Cove Investors Inc.
The Conversion Price was determined by the formula in the funding agreement:
- 85% of the average of the three (3) lowest Volume Weighted Average Prices during the twenty-one (21) Trading Days prior to the election to convert.
Average price was determined to be $0.0020, and 85% of this figure was calculated as being
$0.0017.
+ See chapter 19 for defined terms.
24/10/2005 Appendix 3B Page 1
Appendix 3B New issue announcement4 Do the +securities rank equally in all respects from the date of allotment with an existing +class of quoted
+securities?
Yes. TNR issued from the partial or full conversion of the Note will rank equally as fully paid ordinary shares once issued.
If the additional securities do not rank equally, please
state: