Sunshine Gold : Notification regarding unquoted securities - SHN

Notification of Issue, Conversion or Payment up of Unquoted Equity SecuritiesAnnouncement Summary

Entity name

For personal use only

SUNSHINE GOLD LIMITED

Date of this announcement Thursday April 07, 2022

The +securities the subject of this notification are:Other

Total number of +securities to be issued/transferredASX +securityTotal number of +securities to be

code	Security description	issued/transferred	Issue date
New class - code	Deferred Ordinary Fully Paid Restricted	100,000,000	24/11/2020
to be confirmed

Refer to next page for full details of the announcementNotification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Notification of Issue, Conversion or Payment up of Unquoted Equity SecuritiesPart 1 - Entity and announcement details

For personal use only

1.1 Name of entity SUNSHINE GOLD LIMITED

We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.

1.2 Registered number type ABN

1.3 ASX issuer code SHN

1.4 The announcement isNew announcement

1.5 Date of this announcement 7/4/2022

Registration number 12063388821

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Part 2 - Issue details

2.1 The +securities the subject of this notification are:

Other

For personal use only

Please specify

Issue of deferred shares previously announced to ASX under an Appendix 3B on 21 September 2020.

2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which:does not have an existing ASX security code ("new class")

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Part 3C - number and type of +securities the subject of this notification (new class) where issue has not previously been notified to ASX in an Appendix 3B

For personal use only

New +securities

ASX +security code

+Security description

New class - code to be confirmed

Deferred Ordinary Fully Paid Restricted

+Security type

ISIN code

Ordinary fully or partly paid shares/units

Date the +securities the subject of this notification were issued 24/11/2020

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

Yes

Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1?

Yes

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued.

https://wcsecure.weblink.com.au/pdf/PEL/02285821.pdf

Ordinary fully or partly paid shares/units Details

+Security currency

AUD - Australian Dollar

Are there CDIs issued over the +securities?

No

Is it a Partly Paid class of +security?

No

Is it a stapled class of +security?

No

Any other information the entity wishes to provide about the +securities the subject of this notification

The deferred shares are subject to JORC resource milestones to be achieved within 3 years.

Please provide any further information needed to understand the circumstances in which you are notifying the issue of these +securities to ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

the market in an Appendix 3B

The deferred shares are subject to 24 months restriction from the date Company was re-admitted to quotation.

Issue details

For personal use only

Number of +securities

100,000,000

Were the +securities issued for a cash consideration?

No

Please describe the consideration being provided for the +securities $2,000.000

Purpose of the issue

To pay for the acquisition of an asset

Additional Details

Part consideration for acquisition of all issued securities of XXXX Gold Pty Ltd

Name of company or asset being acquired

XXXX Gold Pty Ltd

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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