West African Resources : Application for quotation of securities - WAF

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Entity name

WEST AFRICAN RESOURCES LIMITED

Announcement Type

New announcement

Date of this announcement

Wednesday December 01, 2021

The +securities to be quoted are:

+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B

Total number of +securities to be quoted

Refer to next page for full details of the announcement

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1.1 Name of entity

WEST AFRICAN RESOURCES 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. The announcement is New announcement
2. Date of this announcement

1/12/2021

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2.3a.2 Are there any further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B?

Yes

2.3a.3 Please provide details of the further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B

112,000 Tranche 2 Placement Shares to be issued on date to be confirmed.

43,706,308 Shares on any conversion of the Convertible Note, to be issued by 25 October 2022 if converted.

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Number of +securities to be quoted

27,121,732

Are the +securities being issued for a cash consideration?

No

Please describe the consideration being provided for the +securities

Nil

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

1.35754053

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

Shares to be quoted are the SPA Closing shares issued as consideration for the Acquisition under the Volta and GAMS-Kiaka SPAs