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Tawana Resources Nl - Lapse Of Options, Appendix 3b And Appendix 3y

Release Date: 30/12/2016 10:42:00      Code(s): TAW     
Tawana Resources NL
(Incorporated in Australia)
(Registration number ACN 085 166 721)
Share code on the JSE Limited: TAW
JSE ISIN: AU0000TAWDA9
Share code on the Australian Stock Exchange Limited: TAW
ASX ISIN: AU000000TAW7
(?the Company? or ?Tawana?)



     Lapse of Options, Appendix 3B and Appendix 3Y

Tawana Resources NL (?Tawana?) advises that the following options have expired
and hence cancelled.

- 500,000 Options ($0.36, Expiry 12 December 2016); and
- 75,000 Class A Incentive Options ($0.30, Expiry 12 December 2016).


For and on behalf of the Board


Michael Naylor
Company Secretary
                                                     Appendix 3B
                            New issue announcement,
                 application for quotation of additional securities
                                  and agreement
Information 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 01/07/96 Origin: Appendix 5 Amended 01/07/98, 01/09/99, 01/07/00, 30/09/01, 11/03/02, 01/01/03, 24/10/05, 01/08/12




Name of entity
TAWANA RESOURCES NL


ABN
69 085 166 721


We (the entity) give ASX the following information.



Part 1 - All issues
You must complete the relevant sections (attach sheets if there is not enough space).

 1        +Class  of +securities issued or                    (a) Fully paid ordinary shares
          to be issued                                        (b) Fully paid ordinary shares


 2        Number of +securities issued                        (a) 27,200,175
          or to be issued (if known) or                       (b) 50,000,000
          maximum number which may
          be issued


 3        Principal     terms   of    the                     (a) Fully paid ordinary shares
          +securities (eg, if options,                        (b) Fully paid ordinary shares
          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)
4    Do the +securities rank equally            (a) Yes
     in all respects from the date of           (b) Yes but note they are subject to a 12
     allotment with an existing +class              month trading restriction.
     of quoted +securities?

     If the additional securities do
     not rank equally, please state:
     ? the date from which they do
     ? the extent to which they
        participate for the next
        dividend, (in the case of a
        trust,    distribution)      or
        interest payment
     ? the extent to which they do
        not rank equally, other than
        in relation to the next
        dividend, distribution or
        interest payment

5    Issue price or consideration               (a) $0.12 per share
                                                (b) Nil, deemed price of $0.12 per share,
                                                    consideration for acquisition of Lithco No
                                                    2 Pty Ltd as outlined in the Notice of
                                                    Meeting dated 22 November 2016.


6    Purpose of the issue                       (a) To continue the substantial drilling
     (If issued as consideration for                program at the Ball Hill Lithium Project
     the acquisition of assets, clearly             and complete the assays and metallurgy at
     identify those assets)                         the Uis Lithium Project in Namibia and
                                                    for general working capital.
                                                (b) Consideration for the acquisition of
                                                    Lithco No 2 Pty Ltd.

6a   Is the entity an +eligible entity    No
     that has obtained security
     holder approval under rule 7.1A?

     If Yes, complete sections 6b ? 6h
     in relation to the +securities the
     subject of this Appendix 3B, and
     comply with section 6i

6b   The date the security holder         N/A
     resolution under rule 7.1A was
     passed

6c   Number of +securities issued         N/A
     without security holder approval
     under rule 7.1

6d   Number of +securities issued         N/A
     with security holder approval
     under rule 7.1A
6e   Number of +securities issued         N/A
     with security holder approval
     under rule 7.3, or another
     specific security holder approval
     (specify date of meeting)

6f   Number of securities issued          N/A
     under an exception in rule 7.2

6g   If securities issued under rule      N/A
     7.1A, was issue price at least 75%
     of 15 day VWAP as calculated
     under rule 7.1A.3? Include the
     issue date and both values.
     Include the source of the VWAP
     calculation.

6h   If securities were issued under      N/A
     rule    7.1A     for    non-cash
     consideration, state date on
     which         valuation       of
     consideration was released to
     ASX Market Announcements

6i   Calculate the entity?s remaining     7.1 ? 51,553,175
     issue capacity under rule 7.1 and    7.1A ? N/A
     rule 7.1A ? complete Annexure 1
     and release to ASX Market
     Announcements

7    Dates of entering +securities        30 December 2016
     into uncertificated holdings or
     despatch of certificates



                                          Number
8    Number and +class of all             371,854,502
     +securities    quoted on ASX
     (including the securities in
     section 2 if applicable)

9    Number and +class of all             550,000       Class F Incentive Options
     +securities not quoted on ASX
                                                               ($0.178, 26 May 2018)
     (including the securities in         2,500,000     Class G Placement Options ($0.035,
     section 2 if applicable)                           15 June 2018)


                                          3,000,000     Class H Incentive Options ($0.06, 30
                                                        June 2019)

                                                        Class I Incentive Options ($0.06, 30
                                          2,000,000     June 2019)
10   Dividend policy (in the case of a               Unchanged
     trust, distribution policy) on the
     increased capital (interests)



Part 2 - Bonus issue or pro rata issue
11   Is security            holder      approval             N/A
     required?


12   Is the issue renounceable or non-                       N/A
     renounceable?

13   Ratio in which the                +securities           N/A
     will be offered

14   +Class  of +securities to which the                     N/A
     offer relates

15   +Record   date               to   determine             N/A
     entitlements

16   Will holdings on different                              N/A
     registers (or subregisters) be
     aggregated    for   calculating
     entitlements?

17   Policy for deciding entitlements                        N/A
     in relation to fractions


18   Names of countries in which the                             N/A
     entity has +security holders who
     will not be sent new issue
     documents
     Note: Security holders must be told how their
     entitlements are to be dealt with.

     Cross reference: rule 7.7.


19   Closing date for receipt                  of            N/A
     acceptances or renunciations

20   Names of any underwriters                               N/A




21   Amount of any underwriting fee                          N/A
     or commission

22   Names of any brokers to the                             N/A
     issue
 23      Fee or commission payable to the                     N/A
         broker to the issue

 24      Amount of any handling fee                           N/A
         payable to brokers who lodge
         acceptances or renunciations on
         behalf of +security holders

 25      If the issue is contingent on                        N/A
         +security holders? approval, the

         date of the meeting

 26      Date entitlement and acceptance                      N/A
         form and prospectus or Product
         Disclosure Statement will be sent
         to persons entitled

 27      If the entity has issued options,                    N/A
         and the terms entitle option
         holders    to    participate  on
         exercise, the date on which
         notices will be sent to option
         holders

 28      Date rights trading will begin (if                   N/A
         applicable)

 29      Date rights trading will end (if                     N/A
         applicable)

 30      How do +security holders sell                        N/A
         their entitlements in full through
         a broker?

 31      How do +security holders sell                        N/A
         part of their entitlements
         through a broker and accept for
         the balance?

 32      How do +security holders dispose                     N/A
         of their entitlements (except by
         sale through a broker)?

 33      +Issue   date                                        N/A




Part 3 - Quotation of securities
You need only complete this section if you are applying for quotation of securities

 34      Type of securities
         (tick one)
 (a)    -      Securities described in Part 1


 (b)           All other securities
                Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid,
               employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible
               securities



Entities that have ticked box 34(a)

Additional securities forming a new class of securities

Tick to indicate you are providing the information or
documents

35      If the +securities are +equity securities, the names of the 20 largest holders of the
        additional +securities, and the number and percentage of additional +securities
        held by those holders
36      If the +securities are +equity securities, a distribution schedule of the additional
        +securities setting out the number of holders in the categories
           1 - 1,000
           1,001 - 5,000
           5,001 - 10,000
           10,001 - 100,000
           100,001 and over

 37     A copy of any trust deed for the additional +securities
     

Entities that have ticked box 34(b)

 38     Number of securities for which
        +quotation is sought


 39     Class of +securities for which
        quotation is sought
    40   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:
         - the date from which they do
         - the extent to which they
             participate for the next
             dividend, (in the case of a
             trust, distribution) or interest
             payment
         - the extent to which they do
             not rank equally, other than in
             relation to the next dividend,
             distribution      or    interest
             payment

    41   Reason for request for quotation
         now
         Example: In the case of restricted securities, end
         of restriction period


         (if issued upon conversion of
         another security, clearly identify
         that other security)



                                                              Number   +Class

    42   Number and +class of all
         +securities quoted on ASX
         (including the securities in clause
         38)
        

Quotation agreement

1        +Quotation of our additional +securities is in ASX?s absolute discretion. ASX
         may quote the +securities on any conditions it decides.

2        We warrant the following to ASX.

         -           The issue of the +securities to be quoted complies with the law and is
                     not for an illegal purpose.

         -           There is no reason why those +securities should not be granted
                     +quotation.



         -           An offer of the +securities for sale within 12 months after their issue
                     will not require disclosure under section 707(3) or section 1012C(6) of
                     the Corporations Act.

              Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be
              able to give this warranty


       -       Section 724 or section 1016E of the Corporations Act does not apply to
               any applications received by us in relation to any +securities to be
               quoted and that no-one has any right to return any +securities to be
               quoted under sections 737, 738 or 1016F of the Corporations Act at the
               time that we request that the +securities be quoted.

       -       If we are a trust, we warrant that no person has the right to return the
               +securities to be quoted under section 1019B of the Corporations Act at

               the time that we request that the +securities be quoted.

3      We will indemnify ASX to the fullest extent permitted by law in respect of any
       claim, action or expense arising from or connected with any breach of the
       warranties in this agreement.

4      We give ASX the information and documents required by this form. If any
       information or document not available now, will give it to ASX before
       +quotation of the +securities begins. We acknowledge that ASX is relying on

       the information and documents. We warrant that they are (will be) true and
       complete.



Sign here:        ................... ........................ ?.        Date: 30 December 2016
                  (Company secretary)


30 December 2016

Sponsor
PricewaterhouseCoopers Corporate Finance (Pty) Ltd


                      Appendix 3B ? Annexure 1

Calculation of placement capacity under rule 7.1 and rule 7.1A for
+eligible entities
Introduced 01/08/12



Part 1

                      Rule 7.1 ? Issues exceeding 15% of capital

 Step 1: Calculate ?A?, the base figure from which the placement
 capacity is calculated

 Insert number of fully paid ordinary                                             73,762,751
 securities on issue 12 months before date
 of issue or agreement to issue

 Add the following:                                    34,406,658 (Rights Issue 3 June 2016)

 ?    Number of fully paid ordinary securities      39,356,093 (Rights Issue shortfall 16 June
      issued in that 12 month period under                                               2016)
      an exception in rule 7.2
                                                         19,620,000 (ratified and approved at
 ?    Number of fully paid ordinary securities    shareholder meeting dated 23 August 2016 )
      issued in that 12 month period with
      shareholder approval                               90,380,000 (approved at shareholder
                                                              meeting dated 23 August 2016)
 ?    Number of partly paid ordinary
      securities that became fully paid in that   1,000,000 Options (exercise of options on 24
      12 month period                                                        November 2016)

 Note:                                             29,628,825 (ratified at shareholder meeting
 ? Include only ordinary securities here ?                           dated 23 December 2016)
    other classes of equity securities
    cannot be added                                 5,000,000 (ratified at shareholder meeting
 ? Include here (if applicable) the                                  dated 23 December 2016)
    securities the subject of the Appendix
    3B to which this form is annexed                     27,200,175 (approved at shareholder
 ? It may be useful to set out issues of                   meeting dated 23 December 2016)
    securities on different dates as
    separate line items                                  50,000,000 (approved at shareholder
                                                           meeting dated 23 December 2016)



 Subtract the number of fully paid ordinary                                                  -
 securities cancelled during that 12 month
 period
?A?                                                                          370,354,502



Step 2: Calculate 15% of ?A?

?B?                                            0.15

                                               [Note: this value cannot be changed]

Multiply ?A? by 0.15                                                            55,553,175

Step 3: Calculate ?C?, the amount of placement capacity under rule
7.1 that has already been used

Insert number of equity securities issued or    2,500,000 Options (refer appendix 3B on 16
agreed to be issued in that 12 month period                                    June 2016)
not counting those issued:
                                                1,500,000 Shares (refer appendix 3B on 24
?   Under an exception in rule 7.2                                          August 2016)

?   Under rule 7.1A

?   With security holder approval under rule
    7.1 or rule 7.4

Note:
? This applies to equity securities, unless
   specifically excluded ? not just ordinary
   securities
? Include here (if applicable ) the
   securities the subject of the Appendix
   3B to which this form is annexed
? It may be useful to set out issues of
   securities on different dates as separate
   line items
?C?                                                                              4,000,000

Step 4: Subtract ?C? from [?A? x ?B?] to calculate remaining
placement capacity under rule 7.1

?A? x 0.15                                                                      55,553,175

Note: number must be same as shown in
Step 2

Subtract ?C?                                                                     4,000,000

Note: number must be same as shown in
Step 3

Total [?A? x 0.15] ? ?C?                                                        51,553,175
Part 2

      Rule 7.1A ? Additional placement capacity for eligible entities

Step 1: Calculate ?A?, the base figure from which the placement
capacity is calculated

?A?                                             Not Applicable

Note: number must be same as shown in
Step 1 of Part 1

Step 2: Calculate 10% of ?A?

?D?                                             0.10

                                                Note: this value cannot be changed

Multiply ?A? by 0.10

Step 3: Calculate ?E?, the amount of placement capacity under rule
7.1A that has already been used

Insert number of equity securities issued or
agreed to be issued in that 12 month period
under rule 7.1A

Notes:
? This applies to equity securities ? not
   just ordinary securities
? Include here ? if applicable ? the
   securities the subject of the Appendix
   3B to which this form is annexed
? Do not include equity securities issued
   under rule 7.1 (they must be dealt with
   in Part 1), or for which specific security
   holder approval has been obtained
? It may be useful to set out issues of
   securities on different dates as separate
   line items
?E?




Step 4: Subtract ?E? from [?A? x ?D?] to calculate remaining
placement capacity under rule 7.1A

?A? x 0.10

Note: number must be same as shown in
Step 2

Subtract ?E?
     Note: number must be same as shown in
     Step 3

     Total [?A? x 0.10] ? ?E?                                             Note: this is the remaining placement
                                                                          capacity under rule 7.1A




                                                    Appendix 3Y
                                  Change of Director?s Interest Notice
   Information 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 30/09/01 Amended 01/01/11


Name of entity       Tawana Resources NL
ABN 69 085 721


   We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for
   the director for the purposes of section 205G of the Corporations Act.

 Name of Director                                              Mr Mark Andrew Calderwood

 Date of last notice                                           25 October 2016


   Part 1 - Change of director?s relevant interests in securities
   In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

   Note: In the case of a company, interests which come within paragraph (i) of the definition of ?notifiable interest of a director? should
   be disclosed in this part.


 Direct or indirect interest                                          Indirect

 Nature of indirect interest                                          Corporate and Resource Consultants Pty Ltd (Mr
 (including registered holder)                                        Calderwood is a beneficiary of the Trust that owns
 Note: Provide details of the circumstances giving rise to the
 relevant interest.
                                                                      Corporate and Resource Consultants Pty Ltd)

 Date of change                                                       30 December 2016
No. of securities held prior to change                                Direct Interests
                                                                      Mr Mark Andrew Calderwood ? 3,800,000 fully paid
                                                                      ordinary shares

                                                                      Mr Mark Andrew Calderwood ? 3,000,000 Options
                                                                      (Exercise Price $0.06, expire 30 June 2019)

                                                                      Indirect Interests
                                                                      Corporate and Resource Consultants Pty Ltd (Mr
                                                                      Calderwood is a beneficiary of the Trust that owns
                                                                      Corporate and Resource Consultants Pty Ltd). Mr
                                                                      Calderwood is entitled to the following ? 7,620,000
                                                                      fully paid ordinary shares.


Class                                                                  Fully Paid Ordinary Shares


Number acquired
                                                                       10,460,000 Fully Paid Ordinary Shares




Number disposed
                                                                       Nil
Value/Consideration                                                    Nil, but deemed issue price of $0.12 per share.
Note: If consideration is non-cash, provide details and estimated
valuation




No. of securities held after change
                                                                       Direct Interests
                                                                       Mr Mark Andrew Calderwood ? 3,800,000 fully paid
                                                                       ordinary shares

                                                                       Mr Mark Andrew Calderwood ? 3,000,000 Options
                                                                       (Exercise Price $0.06, expire 30 June 2019)

                                                                       Indirect Interests
                                                                       Corporate and Resource Consultants Pty Ltd (Mr
                                                                       Calderwood is a beneficiary of the Trust that owns
                                                                       Corporate and Resource Consultants Pty Ltd). Mr
                                                                       Calderwood is entitled to the following ? 18,080,000
                                                                       fully paid ordinary shares.


Nature of change
Example: on-market trade, off-market trade, exercise of options,       Issue of Securities relating to acquisition of Lithco No 2
issue of securities under dividend reinvestment plan, participation
in buy-back                                                            Pty Ltd as outlined in the notice of meeting dated 22
                                                                       November 2016.
Part 2 ? Change of director?s interests in contracts
Note: In the case of a company, interests which come within paragraph (ii) of the definition of ?notifiable interest of a director? should
be disclosed in this part.


 Detail of contract

 Nature of interest


 Name of registered holder
 (if issued securities)


 Date of change

 No. and class of securities to which
 interest related prior to change
 Note: Details are only required for a contract in
              relation to which the interest has
              changed



 Interest acquired

 Interest disposed

 Value/Consideration
 Note: If consideration is non-cash, provide details

                and an estimated valuation




 Interest after change


Part 3 ? +Closed period

 Were the interests in the securities or contracts detailed No
 above traded during a +closed period where prior written
 clearance was required?
 If so, was prior written clearance provided to allow the trade
 to proceed during this period?
 If prior written clearance was provided, on what date was this
 provided?




                                                         == == == == ==

Date: 30/12/2016 10:42:00 Supplied by www.sharenet.co.za                     
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