As per the release of the Appendix 3B on 22 May 2013, Golden...

As per the release of the Appendix 3B on 22 May 2013, Golden Gate Petroleum Limited (ASX: GGP) (“Golden Gate”
or the “Company”) issued 125,000,000 Shares and 25,000,000 Unlisted Options to The Australian Special
Opportunity Fund, LLP (managed by Lind Partners, LLC) (together “Lind”), in consideration for the Tranche 2
drawdown under the Lind Share Purchase and Convertible Security Agreement dated 12 March 2013 (the
“Agreement”).
Lind has agreed to forego the issue of 62,500,000 Shares and 25,000,000 unlisted Options via an offset against the
next share and option tranche issues under the Agreement. The offset of the Shares has the net effect of making
the issue price of the shares issued in consideration for the Tranche 2 drawdown under the Agreement, $0.002 per
Share.