AuKing Mining Limited Prospectus

l. If there is a bonus issue to the Shareholders of the Company, the number of Shares over which the Offer Option is exercisable may be increased by the number of Shares which the Offer Option Holder would have received if the Offer Option had been exercised before the record date for the bonus issue. m. The terms of the Offer Options shall only be changed if Shareholders (whose votes are not to be disregarded) of in the Company approve of such a change. However, unless all necessary waivers of the Listing Rules are obtained, the terms of the New Options shall not be changed to reduce the Exercise Price, increase the number of Offer Options or change any period for exercise of the Offer Options. n. The Company intends to apply for listing of the Offer Options on the ASX. 13.6 Other securities on issue The Company has no Options on issue as at the date of the Prospectus. The Company has 533,000 long term convertible notes (being the Long Term Convertible Notes) on issue as at the date of this Prospectus, the primary note terms being the following: a. a face value of $1.00 per note; b. interest at the rate of 10% per annum is applicable, payable quarterly in arrears; c. redeemable in cash or convertible into Shares on the maturity date of 30 April 2021 at the election of the holder; and d. the holders have agreed to convert their notes subject to obtaining any required shareholder approval (on or before 30 April 2021) into Shares at an issue price of $0.15 per Share, representing a 25% discount to the Offer Price. The Company also has 750,000 short term convertible notes (being the Short Term Convertible Notes and the Tighe Short Term Convertible Notes) on issue as at the date of this Prospectus, the primary note terms being the following: a. face value of $1.00 per note; b. interest at the rate of 10% per annum is applicable, payable quarterly in arrears; c. subject to Shareholder approval, convert into Shares upon the proposed re-admission of the AKN Shares to the ASX; d. redeemable in cash on the maturity date of 30 September 2021; and e. if converted into AKN shares, the issue price is an effective price of 12c per Share (representing a discount of 40% to the issue price of Shares under this prospectus). AuKing Mining Limited | PROSPECTUS 243