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

Announcement Summary

only

Entity name

VANADIUM RESOURCES LIMITED

Date of this announcement

Wednesday February 02, 2022

The +securities the subject of this notification are:

Other

use

Total number of +securities to be issued/transferred

ASX +security

code

Security description

New class - code

Unlisted Options

to be confirmed

personalFor

Refer to next page for full details of the announcement

Total number of +securities to be

issued/transferred Issue date

5,000,000 02/02/2022

Notification of Issue, Conversion or Payment up of Unquoted

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

Part 1 - Entity and announcement details

For personal use only

1.1 Name of entity

VANADIUM RESOURCES 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

Registration number

ABN

47618307887

1.3

ASX issuer code

VR8

  1. The announcement is New announcement
  2. Date of this announcement

2/2/2022

Notification of Issue, Conversion or Payment up of Unquoted

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

Part 2 - Issue details

For personal use only

2.1 The +securities the subject of this notification are: Other

Please specify

Issue of unquoted options to Corporate Advisor in consideration for services

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

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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

only

New +securities

ASX +security code

+Security description

New class - code to be confirmed

Unlisted Options

+Security type

ISIN code

Options

use

Date the +securities the subject of this notification were issued

2/2/2022

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

personal

Yes

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

listing rule 6.1?

No

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

issued.

Options Details

+Security currency

Exercise price

Expiry date

AUD - Australian Dollar

AUD 0.10000000

2/2/2024

Details of the existing class of +security that will be issued upon exercise or conversion of this new class of

company option

For

Other

Description

VR8: Ordinary Fully Paid

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

Part consideration for corporate advisory services, refer to Company announcement released 2 February 2022.

5 million options, with a 2 year expiry and subject to the Company achieving a share price of $0.15 on a 15 day VWAP during the first 9 months from issue date.

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

Notification of Issue, Conversion or Payment up of Unquoted

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

the market in an Appendix 3B

N/A

Issue details

For personal use only

Number of +securities

5,000,000

Were the +securities issued for a cash consideration?

No

Please describe the consideration being provided for the +securities

Part consideration for corporate advisory services, refer to Company announcement released 2 February 2022

Purpose of the issue

To pay for services rendered

Additional Details

N/A

Notification of Issue, Conversion or Payment up of Unquoted

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Vanadium Resources Ltd. published this content on 01 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 February 2022 21:37:27 UTC.