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TAWANA RESOURCES NL - Notice of change of interests of substantial holder

Release Date: 24/08/2016 12:25:00      Code(s): TAW       PDF(s):  
Notice of change of interests of substantial holder

 Tawana Resources NL
 (Incorporated in Australia)
 (Registration number ACN 085 166 721)
 Share code on the JSE Limited: TAW
 Share code on the Australian Securities Exchange Limited: TAW
 (“the Company” or “Tawana”)

 Form 604
 Corporations Act 2001
 Section 671B

 Notice of change of interests of substantial holder

To Company Name/Scheme                          Tawana Resources NL

ACN/ARSN                                        ACN 085 166 721

1. Details of substantial holder(1)

Name                                            Gryphon Minerals Limited (‘Gryphon’)

ACN/ARSN (if applicable)                        ACN 107 690 657

There was a change in the interests of the
substantial holder on      
                                                    24 August 2016
The previous notice was given to the
company on                                          14 April 2014

The previous notice was dated                       14 April 2014

2. Previous and present voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate
(2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as

    Class of securities (4)                                     Previous notice                                      Present notice

                                                  Person’s votes          Voting power (5)              Person’s votes            Voting power (5)
                                                                                                      13,505,000 (1:20
                                                                                                    consolidation occurred
    Fully paid ordinary shares                     135,050,000                    9.30%                  April 2016)                      5.21%

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company
or scheme, since the substantial holder was last required to give a substantial holding notice to the company are as follows:

    Date of change      Person whose          Nature of change (6)                         Consideration given    Class and number of       Person’s votes
                        relevant interest                                                 in relation to change    securities affected         affected
                        changed                                                                     (7)
     13 May 14            Gryphon          Dilution due to the issue of shares                             -                       -        (0.09%)
     31 Jul 14            Gryphon          Dilution due to the issue of shares                             -                       -        (0.06%)
      4 May 16            Gryphon          Participation in the issue of shares                      101,287                       -            -
     11 Jul 16            Gryphon          Dilution due to the issue of shares                             -                       -        (1.07%)
     24 Aug 16            Gryphon          Dilution due to the issue of shares                             -                       -        (2.87%)

4. Present relevant interests
Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

             Holder of       Registered holder of       Person entitled to be           Nature of relevant interest (6)            Class and            Person’s
             relevant        securities                 registered as holder (8)                                                   number of             votes
             interest                                                                                                              securities
             Gryphon         Gryphon                    Gryphon                         Beneficial holder                          13,505,000            5.21%

 5. Changes in association

  The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial
  holder in relation to voting interests in the company or scheme are as follows:

   Name and ACN/ARSN (if applicable)                               Nature of association
 6. Addresses
 The addresses of persons named in this form are:

             Name                                                         Address
             Gryphon Minerals Limited                                     288 Churchill Avenue, Subiaco, WA 6008

                                       print name     Carl Travaglini                           capacity Company Secretary of Gryphon Minerals Limited

                                       sign here
                                                                                                date    24 August 2016


(1)         If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the
            manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons
            are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the
            names and addresses of members is clearly set out in paragraph 6 of the form.

(2)         See the definition of “associate” in section 9 of the Corporations Act 2001.

(3)         See the definition of “relevant interest” in sections 608 and 671B(7) of the Corporations Act 2001.

(4)         The voting shares of a company constitute one class unless divided into separate classes.

(5)         The person’s votes divided by the total votes in the body corporate or scheme multiplied by 100.

(6)         Include details of:

               (a)    any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4)
                      applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and
                      accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this
                      contract, scheme or arrangement; and

               (b)    any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal
                      of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

               See the definition of “relevant agreement” in section 9 of the Corporations Act 2001.

 (7)      Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired
          has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the
          happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation
          to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.

 (8)      If the substantial holder is unable to determine the identify of the person (eg. if the relevant interest arises because of an option) write

 (9)      Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

24 August 2016
PricewaterhouseCoopers Corporate Finance (Pty) Limited

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