Ann: Ardea Loyalty Option Conversions Finalised, page-3

Absolutely fantastic result, well done everyone.​

Issue of Fully Paid Ordinary Shares upon exercise of Loyalty Options (nb the balance of 2,691,442 Loyalty Options have expired Unexercised on 31 May 2018)​

Katrina Law
166,666 Loyalty Options
Value/Consideration
Conversion of Loyalty Options into fully Paid Shares at 77 cents each
(Total $128,332)​

Ian Buckhorn
1,452,552 Loyalty Options
Value/Consideration
Conversion of Loyalty Options into fully Paid Shares at 77 cents each
(Total $1,118,465)​

Ian Buckhorn and Katrina Law converted all of their available options and voted overwhelmingly in favor of the company. Very happy with our leadership.​

Ardea Resources Limited (“Ardea” or the “Company”) advises that the Loyalty Options exercisable at 77 cents each expired on 31 May 2018. Over 90% of the total Options issued have being exercised, resulting in a total of 22,755,628 New Shares being issued and raised $17,521,834 in total.
The Company now holds a treasury in excess of $21 million which is being used by Ardea to transition to the next stage of development of the Goongarrie Nickel Cobalt Project, a component of the largest cobalt resource in the developed world being the Kalgoorlie Nickel Project.​

RED​

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