Toro Energy : Notification regarding unquoted securities - TOE

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

	Announcement Summary
only	Entity name
TORO ENERGY LIMITED
		Date of this announcement
		Friday January 28, 2022
		The +securities the subject of this notification are:
		Other
use	Total number of +securities to be issued/transferred
ASX +security
		code	Security description
		New class - code	Unlisted options exercisable at $0.03335 on or
		to be confirmed	before 21 January 2027
personalFor	Refer to next page for full details of the announcement

Total number of +securities to be

issued/transferred Issue date

220,000,000 28/01/2022

Notification of Issue, Conversion or Payment up of Unquoted

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Part 1 - Entity and announcement details

For personal use only

1.1 Name of entity

TORO ENERGY LIMITED

We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.

1.2	Registered number type	Registration number
ACN	117127590
1.3	ASX issuer code
TOE

1. The announcement is New announcement
2. Date of this announcement

28/1/2022

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Part 2 - Issue details

For personal use only

2.1 The +securities the subject of this notification are: Other

Please specify

Options issued to directors, employees and key consultants pursuant to shareholder approval

2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which:

does not have an existing ASX security code ("new class")

Notification of Issue, Conversion or Payment up of Unquoted

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Part 3C - number and type of +securities the subject of this notification (new class) where issue has not previously been notified to ASX in an Appendix 3B

only	New +securities
ASX +security code			+Security description
	New class - code to be confirmed			Unlisted options exercisable at $0.03335 on or before 21
				January 2027
	+Security type			ISIN code
use	Options
Date the +securities the subject of this notification were issued
	28/1/2022
	Will all the +securities issued in this class rank equally in all respects from their issue date?
personal	Yes
Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under
	listing rule 6.1?
	No
	Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being
	issued.
	https://www.asx.com.au/asxpdf/20211229/pdf/454mnj78d24c8g.pdf
Options Details
	+Security currency	Exercise price		Expiry date
	AUD - Australian Dollar	AUD 0.03330000	21/1/2027
	Details of the existing class of +security that will be issued upon exercise or conversion of this new class of
For	company option
Other
Description

Fully paid ordinary shares

Any other information the entity wishes to provide about the +securities the subject of this notification

Notification of Issue, Conversion or Payment up of Unquoted

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Please provide any further information needed to understand the circumstances in which you are notifying the issue of these +securities to ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B

Options issued following receipt of shareholder approval at the Company's Annual General Meeting of 28 January 2022

	Issue details
only	Number of +securities
		220,000,000
		Were the +securities issued for a cash consideration?
use	No
Please describe the consideration being provided for the +securities
		Options issued as an incentive to directors, employees and key consultants of the Company
		Purpose of the issue
		Other
		Additional Details
Forpersonal

Notification of Issue, Conversion or Payment up of Unquoted

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