CXO 5.10% 9.3¢ core lithium ltd

Ann: Share Purchase Plan and Application Form, page-2

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    New Shares under the Plan will be issued at 4.25 cents each which is a 24.7% discount to the volume weighted
    average market price (as defined in the Listing Rules) of Shares calculated over the last 5 days on which sales in
    the Shares were recorded on the ASX prior to the date of announcement of the Plan. The SPP issue price of 4.25
    cents per New Share is less than the highest market price of 5.8 cents per Share in the 30 day period prior to
    announcement of the Plan.

    Indicative Timetable
    Record Date (7:00pm AEST) Tuesday, 26 May 2020
    Announcement Date of Plan Wednesday, 27 May 2020
    Opening Date of Plan / Despatch of Offer document Thursday, 28 May 2020
    Closing Date of Plan (5:00pm AEST)* Thursday, 18 June 2020
    Announcements of results of the Plan* Tuesday, 23 June 2020
    Issue of New Shares under the Plan* Monday, 29 June 2020
    Despatch of holding statements* Tuesday, 30 June 2020

    To apply for New Shares under the Plan, please follow the instructions on the enclosed personalised Application
    Form. Eligible Shareholders may participate by selecting one of the following offers to purchase New Shares
    under the Plan.

    Subscription amount Number of Shares to be issued at issue price of $0.0425 per New Share Minimum application $2,500 58,824
    $5,000 117,648
    $10,000 235,295
    $15,000 352,942
    $20,000 470,589
    Maximum application $30,000 705,883
 
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