Ann: ANS: Update on Agreement with Sundance Resources, page-89

Dear Hotazel,

This is a response to your post addressed to Charlie'sbuckect.

Extract from your post

"True.. Just been following posts re this dreaded comp for a while the dumb, dumber and dumbest keep on posting their shite "... Extrapolate or equate to 4.5 cents.... but wait... there is another 30 billion option at 0.004 odd cents. So make it a 45Billion share company. Resource is the same..

Unquoted.

You indirectly admitted as the dumbest since you quoted the WRONG option price in the deal as 0.004.  Even though it is clearly stated in the agreement that the option price is at 0.020, you will read it as 0.004 due to your limited comprehension. LOL LOL LOL

See the facts in Schedule 1 of the deal as quoted below.

a second placement of 10,545,454,545 Shares at an issue price of A$0.0055 per Share,together with the grant of 10,545,454,545 unlisted options at an exercise price of A$0.02and an expiry date of five years after the date of issue, which are subject to a number ofconditions precedent to be satisfied or waived by 31 December 2018 or another dateagreed by the parties (Second Placement).

In exchange for the cancellation of the existing convertible notes in Sundance held by theNoteholders (Convertible Notes) (Cancellation), in addition to the Cash Payment to theNoteholders, Sundance will issue to the Noteholders: 2,000,000,000 Shares at a deemed issue price of A$0.004; and 10,000,000,000 unlisted options at an exercise price of A$0.02 and an expiry date of fiveyears after the date of issue.