PROSPERITY RESOURCES LIMITED
100 Parry Street
PERTH WA 6000
PO Box 7516
CLOISTERS SQUARE WA 6850
Tel: (+61 8) 9322 7575
Fax: (+61 8) 9322 9485 info@prosperity.net.au www.prosperity.net.au
18 April 2012
LOAN CONVERSION FINALISEDProsperity Resources Limited (ASX: PSP, "Company") advises that the following credit facility has been converted at the election of the lender into shares in the Company with the terms as follows:
Lender: Resource Global Finance Ltd
Loan amount: USD500,000
Interest rate: Nil
Loan due date: 30 June 2012
Conversion amount: USD500,000
Conversion date: 17 April 2012
Other loan terms: Unchanged
Conversion price: AUD 3 cents per share
Number of shares: 16,153,001
Exchange rate: AUD1 = USD1.0318, per the Reserve Bank of Australia's
published USD/AUD exchange rate on the conversion date
The shares were issued pursuant to the Company's announcement dated 28 December
2011, and a resolution of shareholders at the Company's Annual General Meeting held on
18 January 2012.
Garry Taylor
Company Secretary
ABN 60 103 280 235
Appendix 3B
New issue announcement
Appendix 3BRule 2.7, 3.10.3, 3.10.4, 3.10.5
New issue announcement, application for quotation of additional securities and agreementInformation or documents not available now must be given to ASX as soon as available. Information and documents
given to ASX become ASX's property and may be made public.
Introduced 1/7/96. Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/2001, 11/3/2002, 1/1/2003, 24/10/2005.
Name of entity
Prosperity Resources Limited
ABN
60 103 280 235
We (the entity) give ASX the following information.
Part 1 - All issuesYou must complete the relevant sections (attach sheets if there is not enough space).
1 +Class of +securities issued or to be issued
a. Ordinary shares
2 Number of +securities issued or to be issued (if known) or maximum number which may be issued
a. 16,153,001 ordinary shares,
3 Principal terms of the +securities (eg, if options, exercise price and expiry date; if partly paid
+securities, the amount outstanding and due dates for
payment; if +convertible securities, the conversion price and dates for conversion)
a. Fully Paid Ordinary shares
+ See chapter 19 for defined terms.
Appendix 3B Page 2 24/10/2005
Appendix 3B New issue announcement
4 Do the +securities rank equally in all
respects from the date of allotment with an existing
+class of quoted +securities?
If the additional securities do not rank equally, please
state: