12,587,667 Ordinary Shares of CGN Resources Limited are subject to a Lock-Up Agreement Ending on 18-APR-2024. These Ordinary Shares will be under lockup for 185 days starting from 16-OCT-2023 to 18-APR-2024.

Details:
Subject to the Company being admitted to the Official List, certain existing securities of the Company on issue prior to the Offer are likely to be classified by ASX as restricted securities (Restricted Securities). 14,745,000 fully paid ordinary shares classified by ASX as restricted securities and to be held in escrow until 18 October 2025 being 24 months from the date of commencement of Quotation.

4,650,000 fully paid ordinary shares classified by ASX as restricted securities and to be held in escrow until 31 July 2024 being for 12 months from the date of issue.

4,000,000 options exercisable at $0.25 on or before 18 August 2026, classified by ASX as restricted securities and to be held in escrow until 18 October 2025 being 24 months from the date of Quotation.

3,000,000 options exercisable at $0.30 on or before 18 August 2026, classified by ASX as restricted securities and to be held in escrow until 18 October 2025 being 24 months from the date of Quotation.

5,000,000 options exercisable at $0.35 on or before 18 August 2026, classified by ASX as restricted securities and to be held in escrow until 18 October 2025 being 24 months from the date of Quotation.

4,000,000 options exercisable at $0.25 on or before 18 October 2026classified by ASX as restricted securities and to be held in escrow until 18 October 2025 being 24 months from the date of Quotation.

3,400,000 options exercisable at $0.25 on or before 31 July 2026, classified by ASX as restricted securities and to be held in escrow until 18 October 2025 being 24 months from the date of Quotation.

4,600,000 options exercisable at $0.25 on or before 31 July 2026, classified by ASX as restricted securities and to be held in escrow until 31 July 2024, being 12 months from the date of issue.

Voluntary escrow applies to 12,587,667 Shares for a period of 6 months from the date of quotation.