Application for quotation of +securities

Announcement Summary

For personal use only

Entity name

GALILEE ENERGY LIMITED

Announcement Type

New announcement

Date of this announcement

Thursday June 02, 2022

The +securities to be quoted are:

Other

Total number of +securities to be quoted

ASX +security

Number of +securities to

code

Security description

be quoted

Issue date

New class - code

OPTION EXPIRING 04-SEP-2023 EX $0.48

1,375,000

02/06/2022

to be confirmed

Refer to next page for full details of the announcement

Application for quotation of +securities

1 / 7

Application for quotation of +securities

Part 1 - Entity and announcement details

For personal use only

1.1 Name of entity

GALILEE ENERGY LIMITED

We (the entity named above) apply for +quotation of the following +securities and agree to the matters set out in Appendix 2A of the ASX Listing Rules.

1.2

Registered number type

Registration number

ABN

11064957419

1.3

ASX issuer code

GLL

  1. The announcement is New announcement
  2. Date of this announcement

2/6/2022

Application for quotation of +securities

2 / 7

Application for quotation of +securities

Part 2 - Type of Issue

2.1 The +securities to be quoted are: Other

For personal use only

2.2 The +securities to be quoted are:

New +securities in a class that is not yet quoted on ASX ("new class")

2.3c Have these +securities been offered under a +disclosure document or +PDS? Yes

2.3c.1 Date of +disclosure document or +PDS?

26/4/2022

2.3d Please provide any further information needed to understand the circumstances in which you are applying to have these +securities quoted on ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B

These securities were detailed in an Appendix 3B Lodged 24 Feb 2022 wherein we sought the quotation of the same with the Options Prospectus lodged with ASX 26 April 2022. Full details regarding the Options ex @ $0.48 and expiring 4 Sept 2023 can be found in the Prospectus at https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02513418-2A1370174?access_token

=83ff96335c2d45a094df02a206a39ff4

Application for quotation of +securities

3 / 7

Application for quotation of +securities

Part 3C - number and type of +securities to be quoted (new class) where issue has not previously been notified to ASX in an Appendix 3B

only

New +securities

ASX +security code

+Security description

New class - code to be confirmed

OPTION EXPIRING 04-SEP-2023 EX $0.48

+Security type

ISIN code

Options

AU0000225716

use

Issue date

2/6/2022

Will all the +securities issued in this class rank equally in all respects from the issue date?

personal

Yes

1,001 - 5,000

0

%

Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under

listing rule 6.1?

No

Distribution Schedule

Provide a distribution schedule for the new +securities according to the categories set out in the left hand column -

including the number of recipients and the total percentage of the new +securities held by the recipients in each

category.

Total percentage of +securities held

Number of +securities held

Number of holders

For example, to enter a value of 50%

please input as 50.00

For

1 - 1,000

0

%

5,001 - 10,000

0

%

10,001 - 100,000

1

6.80 %

100,001 and over

6

93.20 %

Application for quotation of +securities

4 / 7

Application for quotation of +securities

Options Details

+Security currency

Exercise price

Expiry date

AUD - Australian Dollar

AUD 0.48000000

4/9/2023

only

Details of the type of +security that will be issued if an option is exercised

GLL : ORDINARY FULLY PAID

Number of +securities that will be issued if an option is exercised

One Ordinary Fully Paid Shares for each Option exercised

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities to be

use

quoted or provide the information by separate announcement.

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02513418-2A1370174?access_token=8

3ff96335c2d45a094df02a206a39ff4

I

ue details

personal

Number of +securities to be quoted

at which time the intention to seek quotation of the Options subject to ASX approval was announced.

1,375,000

Are the +securities being issued for a cash consideration?

No

Please describe the consideration being provided for the +securities

There is no consideration payable for the Options. Entitlement to Option arose from the participation in the Placement

announced 24 Feb 2022 which was approved by Shareholders 13 April 2022.

Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the

+securities to be quoted

0.000000

Any other information the entity wishes to provide about the +securities to be quoted

These Options were issued to Directors as part of their participation in the Placement which was announced 24 Feb 2022

For

The purpose(s) for which the entity is issuing the securities

To raise additional working capital

Application for quotation of +securities

5 / 7

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Galilee Energy Limited published this content on 02 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 June 2022 02:31:04 UTC.