Application for quotation of +securities

Announcement Summary

For personal use only

Entity name

WEST AFRICAN RESOURCES LIMITED

Announcement Type

New announcement

Date of this announcement

Thursday February 10, 2022

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

ASX +security

Number of +securities to

code

Security description

be quoted

Issue date

WAF

ORDINARY FULLY PAID

96,000

10/02/2022

Refer to next page for full details of the announcement

Application for quotation of +securities

1 / 6

Application for quotation of +securities

Part 1 - Entity and announcement details

For personal use only

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.

1.2

Registered number type

Registration number

ACN

121539375

1.3

ASX issuer code

WAF

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

10/2/2022

Application for quotation of +securities

2 / 6

Application for quotation of +securities

Part 2 - Type of Issue

2.1 The +securities to be quoted are:

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

For personal use only

Previous Appendix 3B details:

Announcement Date and

Announcement Title

Selected Appendix 3B to submit quotation

Time

request

26-Oct-2021 08:27

New - Proposed issue of securities -

A placement or other type of issue

WAF

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

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

Application for quotation of +securities

3 / 6

Application for quotation of +securities

Part 3A - number and type of +securities to be quoted where issue has previously been notified to ASX in an Appendix 3B

Placement Details

only

ASX +security code and description

WAF : ORDINARY FULLY PAID

Issue date

10/2/2022

use

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.

personalFor

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

1 - 1,000

%

1,001

- 5,000

%

5,001

- 10,000

%

10,001 - 100,000

%

100,001 and over

%

Application for quotation of +securities

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Application for quotation of +securities

Issue details

Number of +securities to be quoted

96,000

For personal use only

Are the +securities being issued for a cash consideration?

Yes

In what currency is the cash consideration being paid? What is the issue price per +security?

AUD - Australian Dollar

AUD 1.25000000

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

Issue of 96,000 shares to directors of the Company under Tranche 2 of the placement at an issue price of A$1.25 per share, which was approved by shareholders at the Extraordinary General Meeting held on 1 February 2022, and which is comprised of 80,000 shares issued to Non-executive Director Mr Rodney Leonard (registered holder: Caddy Fox Pty Ltd and 16,000 shares issued to Non-executive Director Mr Stewart Findlay (registered holder: Calgus Nominees Pty Ltd).

Application for quotation of +securities

5 / 6

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West African Resources Limited published this content on 10 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 February 2022 08:29:27 UTC.