Murchison : 17-02-2016Appendix 3B

069c02b1-ce2e-4888-96e4-9dc8687a69e9.pdf

Appendix 38

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

f

Name of entity

URCHISON HOLDINGS LIMITED

ABN

f 04 707 260

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.

2.

Options (Cancelled)

Options

1 +Class of +securities issued or to be issued

1.

2.

(576,321)

576,321

2 Number of +securities issued or to be issued (if known) or maximum number which may be issued

1. Murchison Holdings Limited Employee Retention Options Scheme (2010) (Cancelled) Grant Date: 17 February 2011

Exercise Price: $0.42 each Expiry Date: 17 February 2016

2. Murchison Holdings Limited Employee Retention Option Scheme (2015)

Grant Date: 20 January 2016 Exercise Price: $0.30 each Expiry Date: 20 January 2021

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)

+ See chapter 19 for defined terms.

Appendix 38 Page 1

1. Not Applicable

2. Yes

1. Options over unissued shares under the Murchison Holdings Limited Employee Retention Option Scheme (2010) were cancelled in accordance with agreements entered into with each option holder.

2. Options over unissued shares may only be exercised in accordance with the terms and conditions of the Murchison Holdings Limited Employee Retention Option Scheme (2015). Upon exercise of the options and the issue of the shares, the shares will rank equally with existing shares.

1. 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

     
     

   • Not Applicable.

   • Nil issue price as the options were issued in lieu of remuneration.

2. Issue price or consideration

   
   

   1. Options

   Murchison

   over unissued shares under

   the

3. Purpose of the issue

Holdings

Limited

Employee

Retention Option Scheme (2010) were cancelled

in accordance with agreements entered into with each option holder.

2. Options issued in accordance with the Murchison Holdings Limited Employee Retention Option Scheme (2015)

(If issued as consideration for the acquisition of assets, clearly identify those assets)




Not applicable

6a Is the entity an +eligible entity that has obtained security holder approval under rule

7.IA?




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 I

resolution under rule 7.IA was

passed




6c Number of +securities without security

'.

issued I

holder




-- ----'

approval under rule 7.1

'-- ---'







+ See chapter 19 for defined terms. Appendix 3B Page 2




6d Number of +securities issued I

with security holder approval

under rule 7.IA




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




6f Number of +securities issued under an exception in rule 7.2




6g If +securities issued under rule

7.IA, was issue price at least 75% of 15 day VWAP as calculated under rule 7.IA.3? Include the +issue date and both values. Include the source of the VWAP calculation.




6h If +securities were issued under rule 7.IA for non-cash consideration, state date on which valuation of consideration was released to ASX Market Announcements




6i Calculate the entity's remaining issue capacity under rule 7.1 and rule 7.IA complete Annexure 1and release to ASX Market Announcements




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 38.

'- --'







+ See chapter 19 for defined terms.

1. Cancellation: 20 January 2016

2. 20 January 2016

Number I +Class




Appendix 3B Page 3




8	Number and +class of all	As at 20 January 2016:	Ordinary fully paid shares
+securities quoted on ASX	17,825,412

(including the +securities in section 2 if applicable)







Number	+class
9	Number and +class of all +securities not quoted on ASX (including the +securities in section 2 if applicable)	1,006,000	2011 Directors' Options Grant Date: 9 Dec 2011 Expiry Date: 9 Dec 2016 Exercise Price: $0.30 each
941,924	2011 Employee Retention Options Grant Date: 16Nov 2012 Expiry Date: 15 Nov 2017 Exercise Price: $0.30 each
1,006,000	2012 Directors' Options Grant Date: 4 Dec 2012 Expiry Date: 4 Dec 2017 Exercise Price: $0.30 each
1,006,000	2012 Employee Retention Options Grant Date: 21 Jul 2014 Expiry Date: 21 Jul 2019 Exercise Price: $0.30 each
871,873	2013 Directors' Options Grant Date: 9 Dec 2013 Expiry Date: 9 Dec 2018 Exercise Price: $0.14 each
944,479	2013 Employee Retention Options Grant Date: 21 Jul 2014 Expiry Date: 21 Jul 2019 Exercise Price: $0.14 each
1,010,000	2014 Directors' Option Grant Date: 9 Dec 2014 Expiry Date: 9 Dec 2019 Exercise Price: $0.156 each
1,002,877	2014 Employee Retention Options Grant Date: 18 Mar 20 15 Expiry Date: 18 Mar 2020 Exercise Price: $0.156 each
820,000	2015 Directors' Option Grant Date: 4 Dec 2015 Expiry Date: 4 Dec 2020 Exercise Price: $0.30 each




+ See chapter 19 for defined terms. Appendix 3B Page 4