Change of Director's Interest
Appendix 3Y Change of Director's Interest Notice
Appendix 3Y
Change of Director's Interest Notice
Rule 3.19A.2
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
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Name of entity MALACHITE RESOURCES LIMITED
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ABN 86 075 613 268
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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.
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Name of Director
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Andrew C. K. McMillan
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Date of last notice
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25 May 2015
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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.
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Direct or indirect interest
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Direct
Mr Andrew McMillan + Mrs Sally McMillan
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Nature of indirect interest (including registered holder)
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Date of change
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30 November 2015 - Convertible Notes issued 4 December 2015 - Shares issued
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No. of securities held prior to change
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3,788,980 Ordinary Fully Paid Shares
2 x Convertible Notes on the following terms:
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Issue Price of each Note - $50,000;
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Term of Notes - 5 May 2016;
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Interest Rate - 15% per annum;
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Conversion - at the election of Noteholders at any time; and
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Conversion Price - Lesser of $0.015 or 20% discount to the 30 Day VWAP at the time of conversion.
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+ See chapter 19 for defined terms.
01/01/2011 Appendix 3Y Page 1
Appendix 3Y
Change of Director's Interest Notice
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Class
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Ordinary Shares
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Convertible Notes:
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Issue Price of each Note - $50,000; Term of Notes - 5 May 2016;
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Interest Rate - 15% per annum;
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Conversion - at the election of Noteholders at any time; and
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Conversion Price - Lesser of $0.015 or 20% discount to the 30 Day VWAP at the time of conversion.
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Number acquired
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341,967 Ordinary Shares
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2.5 Convertible Notes
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Number disposed
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Nil
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Value/Consideration
Note: If consideration is non- cash, provide details and estimated valuation
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Ordinary Shares - at deemed issue price of 0.441 cents each (nil cash consideration) - Payment of Convertible Note Extension Fee.
Convertible Notes - $50,000 each
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No. of securities held after change
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4,130,947 Ordinary Fully Paid Shares
4.5 x Convertible Notes on the following terms:
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Issue Price of each Note - $50,000;
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Term of Notes - 5 May 2015;
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Interest Rate - 15% per annum;
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Conversion - at the election of Noteholders at any time; and
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Conversion Price - Lesser of $0.015 or 20% discount to the 30 Day VWAP at the time of conversion.
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Nature of change
Example: on-market trade, off- market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back
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Payment of Convertible Note Extension Fee to Directors/their associates following shareholder approval at AGM on 30 November 2015
Issue of new Convertible Notes following shareholder approval at AGM on 30 November 2015.
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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.
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Detail of contract
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N/A
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Nature of interest
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Name of registered holder (if issued securities)
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Date of change
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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
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Interest acquired
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Interest disposed
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+ See chapter 19 for defined terms.
Appendix 3Y Page 2 01/01/2011
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Value/Consideration
Note: If consideration is non-cash, provide details and an estimated valuation
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Interest after change
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Part 3 - +Closed period
Appendix 3Y Change of Director's Interest Notice
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Were the interests in the securities or contracts detailed above traded during a +closed period where prior written clearance was required?
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No
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If so, was prior written clearance provided to allow the trade to proceed during this period?
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If prior written clearance was provided, on what date was this provided?
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4 December 2015
+ See chapter 19 for defined terms.
01/01/2011 Appendix 3Y Page 3