Ann: Capital Raising, page-2

Paterson Resources Limited (PSL or the Company) (ASX: PSL) advises that it has received firm
commitments to raise approximately A$500,000, before expenses, by way of a placement of
142,857,143 shares (Placement Shares) to sophisticated and professional investors
(Placement) together with one (1) free attaching option for every one (1) Placement Share
subscribed for (Placement Options) (Placement). The issue of the Placement Shares will be
made under the Company’s available placement capacity under Listing Rule 7.1A. The issue of
the Placement Options will be subject to shareholder approval.
The Placement Shares will be issued at A$0.0035 per Share, representing a 12.5% discount to
the last traded share price of $0.004 on 8 September 2020, being the last trading day prior to
the Company’s trading halt. The Placement Shares will rank equally with that of existing fully
paid ordinary shares on issue. The Placement Options will have an exercise price of $0.007
and will expire on 30 September 2023. The Company will apply to ASX for quotation of the
Placement Options. A prospectus for the offer of the Placement Options will be issued shortly.
The funds raised from the Placement will be used for the following:
• Completion of geophysical surveys at the Grace Prospect in the Paterson Province;
• Exploration and resource definition drilling at the Grace Prospect;
• Deep exploration drilling of aeromagnetic targets on E45/4524 and E45/5130;
• Resource definition drilling of the Hackneys Creek Gold Prospect at the Burraga Project
in the East Lachlan Fold Belt in NSW; and
• Costs of the capital raising and to provide ongoing working capital.
The Placement was arranged by the Board and as such, there are no capital raising fees. It is
expected that the Placement Shares will be issued on or around 18th September 2020.
Share Purchase Plan
In addition to the Placement, the Company intends to conduct a Share Purchase Plan (SPP) up
to a maximum of $1.5 million to provide shareholders the opportunity to purchase additional
shares in the Company at the same price and on the same terms as the Placement.
The SPP offer will allow eligible shareholders to subscribe for up to $30,000 worth of shares
at the determined issue price per Share (SPP Shares) being $0.0035, together with one (1) free
attaching option for every one (1) SPP Share subscribed for and issued (SPP Options)