ASX Announcement 26 June 2017 ISSUE OF PLACEMENT SHARES - S708A CLEANSING NOTICE

Maximus Resources Limited (ASX:MXR, the Company) today issued 300,000,000 ordinary shares in the Company to institutional and sophisticated investors.

As required by section 708A(6) of the Corporations Act 2001 (Cth) (Corporations Act, the Company notifies ASX that:

  1. the shares were issued without disclosure to investors under Part 6D.2 of the Corporations Act;

  2. this notice is being given under section 708A(5)(e) of the Corporations Act;

  3. as at the date of this notice, the Company has complied with:

  4. the provisions for Chapter 2M of the Corporations Act as they apply to the Company; and

  5. section 674 of the Corporations Act; and

  6. as at the date of this notice, there is no information that is 'excluded information' (within the meanings of sections 708A(7) and 708A(8) of the Corporations Act).

  7. Signed for and behalf of Maximus Resources Limited by:

    Rajita Alwis Company Secretary

    Appendix 3B New issue announcement

    Appendix 3B

    Rule 2.7, 3.10.3, 3.10.4, 3.10.5

    New issue announcement, application for quotation of additional securities and agreement

    Information 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 01/07/96 Origin: Appendix 5 Amended 01/07/98, 01/09/99, 01/07/00, 30/09/01, 11/03/02, 01/01/03, 24/10/05, 01/08/12, 04/03/13

    Name of entity

    MAXIMUS RESOURCES LIMITED ("MXR")

    ABN

    74 111 977 354

    We (the entity) give ASX the following information.

    Part 1 - All issues

    You must complete the relevant sections (attach sheets if there is not enough space).

    1

    +Class of +securities issued or to be issued

    Ordinary Shares

    2

    Number of +securities issued or to be issued (if known) or maximum number which may be issued

    300,000,000

    3

    Principal terms of the

    +securities (e.g. 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)

    Fully paid ordinary shares

    + See chapter 19 for defined terms.

    04/03/2013 Appendix 3B Page 1

    Appendix 3B

    New issue announcement

    4

    Do the +securities rank equally in all respects from the +issue date with an existing +class of quoted +securities?

    If the additional +securities do not rank equally, please state:

    • the date from which they do

    • the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment

    • the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment

    Yes

    5

    Issue price or consideration

    $0.001 per share

    6

    Purpose of the issue

    (If issued as consideration for the acquisition of assets, clearly identify those assets)

    Restock consumable levels at the Burbanks Processing Facility and general working capital.

    6a

    Is the entity an +eligible entity that has obtained security holder approval under rule 7.1A?

    If Yes, complete sections 6b - 6h in relation to the +securities the subject of this Appendix 3B, and comply with section 6i

    Yes

    6b

    The date the security holder resolution under rule 7.1A was passed

    29 November 2016

    6c

    Number of +securities issued without security holder approval under rule 7.1

    -

    + See chapter 19 for defined terms.

    Appendix 3B Page 2 04/03/2013

    + See chapter 19 for defined terms.

    6d

    Number of +securities issued with security holder approval under rule 7.1A

    -

    6e

    Number of +securities issued with security holder approval under rule 7.3, or another specific security holder approval (specify date of meeting)

    -

    6f

    Number of +securities issued under an exception in rule 7.2

    -

    6g

    If +securities issued under rule 7.1A, was issue price at least 75% of 15 day VWAP as calculated under rule 7.1A.3? Include the

    +issue date and both values. Include the source of the VWAP calculation.

    -

    6h

    If +securities were issued under rule 7.1A for non-cash consideration, state date on which valuation of consideration was released to ASX Market Announcements

    -

    6i

    Calculate the entity's remaining issue capacity under rule 7.1 and rule 7.1A - complete Annexure 1 and release to ASX Market Announcements

    LR 7.1 - 83,140,445 LR 7.1A - 255,426,963

    7

    +Issue dates

    Note: The issue date may be prescribed by ASX (refer to the definition of issue date in rule 19.12). For example, the issue date for a pro rata entitlement issue must comply with the applicable timetable in Appendix 7A.

    Cross reference: item 33 of Appendix 3B.

    26 June 2017

    Number

    +Class

    8

    Number and +class of all

    +securities quoted on ASX (including the +securities in section 2 if applicable)

    2,854,269,632

    Ordinary Shares

    Appendix 3B New issue announcement

    04/03/2013 Appendix 3B Page 3

Maximus Resources Limited published this content on 26 June 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 26 June 2017 06:59:11 UTC.

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