Alligator Energy : 28th December 2016 – Appendix 3B – New Issue – Issue of Shares and Options

Appendix 3B

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

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, 04/03/13

Name of entity

ALLIGATOR ENERGY LIMITED

ABN

79 140 575 604

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 to be issued	Ordinary Shares with free Attaching Options
2	Number of +securities issued or to be issued (if known) or maximum number which may be issued	62,407,104 ordinary shares issued under a non-renounceable rights issue (Rights Issue) announced 18 November 2016; and 31,203,587 attaching options to acquire ordinary shares

3	Principal terms of the +securities (e.g. if options, 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)	Ordinary fully paid shares (New Shares) pursuant to a 1:4 Rights Issue plus 1 Attaching Option for every 2 New Shares issued

4	Do the +securities rank equally in all respects from the +issue date 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	New Shares - Yes Attaching Options- No The Attaching Options have an exercise period of 3 years from 28 December 2016 and can be converted into ordinary shares at $0.021. The Attaching Options do not have any rights to vote or to participate in dividends.
5	Issue price or consideration	$0.01 per New Share Attaching Options are free
6	Purpose of the issue (If issued as consideration for the acquisition of assets, clearly identify those assets)	The funds raised under the Rights Issue will be used primarily (after payment of capital raising expenses) to maintain the Company's exploration interests and assets in the Alligator Rivers Uranium Province, evaluating other targets and planning to drill the Company's high priority targets, to evaluate other business development activities and to provide working capital
6a	Is the entity an +eligible entity 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	Yes
6b	The date the security holder resolution under rule 7.1A was passed	18 November 2016
6c	Number of +securities issued without security holder approval under rule 7.1	Nil

6d	Number of +securities issued with security holder approval under rule 7.1A	Nil
6e	Number of +securities issued with security holder approval under rule 7.3, or another specific security holder approval (specify date of meeting)	Nil
6f	Number of +securities issued under an exception in rule 7.2	68,433,840
6g	If +securities issued under rule 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.	Not applicable
6h	If +securities were issued under rule 7.1A for non-cash consideration, state date on which valuation of consideration was released to ASX Market Announcements	Not applicable
6i	Calculate the entity's remaining issue capacity under rule 7.1 and rule 7.1A - complete Annexure 1 and release to ASX Market Announcements	Rule 7.1 - 63,351,482 Rule 7.1A - 42,234,321
7	+Issue dates Note: The issue date may be prescribed by ASX (refer to the definition of issue date in rule 19.12). For example, the issue date for a pro rata entitlement issue must comply with the applicable timetable in Appendix 7A. Cross reference: item 33 of Appendix 3B.	28 December 2016
Number	+Class
8	Number and +class of all +securities quoted on ASX (including the +securities in section 2 if applicable)	422,343,212 31,203,587	Ordinary Shares Options- exercisable at $0.021 per option before 27 December 2019