Trafford Resources : Notice of Option Expiry

Microsoft Word - 015_Notice of Option Expiry

ASX Code: TRF

Ian Finch

Managing Director

Neil McKay

Director

Mark Le Grange

Director

Allan Trench

Director

SHARE REGISTRY

Advanced Share Registry Services

110 Stirling Highway

Nedlands WA 6009

T: [phone]

F: [phone]

REGISTERED OFFICE

Level 2, 679 Murray St

West Perth, WA, 6005

P: [phone]

F: [phone]

12 September 2014 Notice of Option Expiry

Notice is hereby given that the final date for exercising the Trafford Resources Limited ("Trafford" ASX: TRF) listed options with exercise price of $0.30 per option held is 5:00pm WST on 13 October 2014. Option holders will be issued with one new fully paid Ordinary Share in Trafford Resources Limited for each option exercised that will rank pari-passu with existing Trafford's ordinary shares.
The Company has requested and been granted a waiver from ASX Listing Rule 6.24 to the extent necessary to permit it not to send the notice required by paragraph 6.1 of Appendix 6A. The waiver was sought on the basis of the exercise price of $0.30 being significantly higher than the current share price of $0.051. Should the market price of Trafford's ordinary shares exceeds $0.225 before 13 October 2014, it will immediately sends an option expiry notice to Option holder.

Options not exercised by 5.00pm on 13 October 2014 WILLexpire. Quotation of the options will cease at the close of trading on 6 October 2014. Failure to exercise the Option will result in the forfeiture of any rights that the Option holder may have in relation to the Ordinary Shares.

To exercise your options, you will need to complete the attached Exercise of Option form, attach a cheque for the number of options you wish to exercise, and return both documents to:

Advanced Share Registry Ltd.	or deliver to:	Advanced Share Registry Ltd.
P.O. Box 1156	110 Stirling Highway
NEDLANDS WA 6909	NEDLANDS WA 6009

Cheques should be made payable to Trafford Resources Limited. The due date for payment is 13 October 2014. Receipt of payment will not be forwarded. Once all forms/cheques have been received, and the option term expires, Advanced Share Registry Ltd. will mail out your final share notice.

The highest and lowest market price of the underlying securities during the 3 months immediately before this notice is issued are as follows:

Price	Date
Highest	6.5 cents	21 August 2014
Lowest	5.0 cents	26 June 2014
Last Traded	5.1 cents	12 September 2014

The Trafford's December 2013 Half Yearly and Annual Report for year ended 30 June 2013 are available for viewing on our website at www.traffordresources.com together with all investor presentations and ASX announcements. I encourage option holders to take the time to review the information prior to exercising the options.
If you wish to clarify any taxation consequences relating to the exercise of options, please consult your solicitor, accountant or professional advisor.

Yours sincerely
Pragiyugi Gouw
Company Secretary