Prospectus

OFFER

The Prospectus is issued by Bulletin Resources Limited ACN 144 590 858 (Company) in relation to:

  1. a non-renounceable, pro-rata rights issue to Eligible Shareholders of 1 Rights Share for every 3 Shares held at an issue price of $0.045 per Rights Share to raise approximately $2,689,396 before costs of the Offer together with 1 Rights Option for every 3 Rights Shares issued exercisable at $0.10 on or before 30 September 2024 (Rights Issue);
  2. a contingent offer of up to 20,000,000 Contingent Shares at an issue price of $0.045 per Contingent Share to raise up to $900,000, together with one free attaching option for every 3 Contingent Shares subscribed, subject to the Contingent Placement Calculation described at section 2.4 of the Prospectus (Contingent Placement); and
  3. an offer of 45,000,000 Placement Options at a subscription price of $0.001 per New Option to raise $45,000 exercisable at $0.10 each on or before 30 September 2024 (Option Placement),

(together, the Offers).

The Contingent Placement up to $900,000 will proceed subject to the Contingent Placement Calculation described at section 2.4 of this Prospectus and the Option Placement is subject to Shareholder approval being obtained for the Option Placement (Option Placement Condition) which will be sought at the general meeting to be held on or about 17 September 2021 (General Meeting).

The Rights Issue and Option Placement are fully underwritten by Westar Capital Limited (Underwriter) to the amount of up to $2,734,396. Refer to section 7.2 in the Prospectus for details regarding the terms of the Underwriting Agreement.

The Contingent Placement is not underwritten by the Underwriter.

The Rights Issue is only available to Eligible Shareholders of the Company (as defined in the Prospectus). Applications for securities offered by the Prospectus pursuant to the Rights Issue may only be made by Eligible Shareholders by completing and returning a copy of the Entitlement and Acceptance Form which accompanies the Prospectus or is otherwise available electronically on the Offer Website bulletinresources-ri.online.computershare.com.

The Contingent Placement and Option Placement are open to investors only by invitation of the Company and Westar Capital Limited, who is also acting as the Lead Manager to the Offers. Applications for securities offered by the Prospectus pursuant to the Contingent Placement and Option Placement may only be made by investors invited to participate in those placements by completing and returning a copy of the application form provided to them.

LODGEMENT

The Prospectus is dated 9 August 2021 and was lodged with ASIC on 9 August 2021. None of ASIC, ASX or any of their respective officers takes any responsibility for the contents of the Prospectus or the merits of the investment to which the Prospectus relates.

EXPIRY DATE

The Prospectus expires 13 months after the Prospectus Date. No Shares will be issued or sold on the basis of the Prospectus after that date.

IMPORTANT NOTICE

This Prospectus is a transaction specific prospectus for an offer of continuously quoted securities (as defined in the Corporations Act) and has been prepared in accordance with section 713 of the Corporations Act. It does not contain the same level of disclosure as an initial public offering prospectus. In making representations in this Prospectus regard has been had to the fact that the Company is a disclosing entity for the purposes of the Corporations Act and certain matters may reasonably be expected to be known to investors and professional advisers whom potential investors may consult.

This is an important document that should be read in its entirety. If you are an Eligible Shareholder, please read the instructions in this document and on the Entitlement and Acceptance Form regarding acceptance of the Rights Issue. If you do not understand this document you should consult your stockbroker, accountant or other professional adviser. The securities offered by this Prospectus should be considered as highly speculative and are only available to persons within Australia and New Zealand. They are not available to persons in other jurisdictions.

Terms & Conditions(Required)

Bulletin Resources Projects

Project

Lake Rebecca Gold Project

Bulletin’s Lake Rebecca Project is 150km east of Kalgoorlie and immediately along strike of a >1 million ounce gold deposit.

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Project

Ravensthorpe Lithium Project

Bulletin’s Ravensthorpe project overlies the Annabelle volcanic sequence and pegmatites which also host the Mt Cattlin Lithium mine and processing plant, 12km to the east.

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Project

Chifley Gold Project

The Chifley project is a 79km2 tenement that is prospective for gold. It is ~50km to the south of Lake Rebecca and on a northwest trending splay of the Claypan Fault.

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Project

Geko Royalty

Bulletin retains a royalty, profit share interest and joint venture interest in the Geko gold project, Coolgardie.

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