Siren Gold Limited Annual Report 2020

12 Issued capital a. Fully paid ordinary shares 2020 No. 2019 No. 2020 $ 2019 $ At the beginning of the year 22,077,938 16,514,848 1,444,701 873,584 Shares issued during the year: 10.01.19 Issue of seed capital – 1,562,500 – 187,500 11.01.19 Issue of seed capital – 520,833 – 62,500 24.10.19 Issue of seed capital – 1,216,667 – 121,667 01.11.19 Issue of seed capital – 1,263,090 – 126,309 19.12.19 Issue of seed capital – 1,000,000 – 100,000 30.01.20 Share buy-back (1,164,844) – (116,484) – 01.04.20 Issue of seed capital 1,250,000 – 125,000 – 04.05.20 Issue of seed capital 1,250,000 – 125,000 – 21.05.20 Issue of seed capital 2,250,000 – 225,000 – 22.05.20 Issue of seed capital 250,000 – 25,000 – 23.05.20 Issue of seed capital 1,000,000 – 100,000 – 04.06.20 Issue of seed capital 1,000,000 – 100,000 – 30.06.20 Issue of seed capital 500,000 – 50,000 – 31.07.20 Issue of seed capital 9,500,000 – 950,000 – 07.08.20 Issue of seed capital 1,000,000 – 100,000 – 10.08.20 Issue of seed capital 2,000,000 – 200,000 – 29.09.20 shares issued under public offer 40,000,000 – 10,000,000 – 16.11.20 Options exercised 47,619 – 11,905 – Transaction costs relating to share issues – – (900,250) (26,859) Options issued – 1,086 At reporting date 80,960,713 22,077,938 12,440,958 1,444,701 b. Ordinary shares entitle the holder to participate in dividends and the proceeds on winding up of the Company in proportion to the number of and amounts paid on the shares held. On a show of hands every holder of ordinary shares present at a meeting in person or by proxy, is entitled to one vote, and upon a poll each share is entitled to one vote. Ordinary shares have no par value and the Company does not have a limited amount of authorised capital. c. Options 2020 No. 2019 No. Options At the beginning of the year 10,720,833 8,116,667 11.01.19 - $0.25 options issued, expiry: 11.01.2022 – 2,604,166 27.08.20 - $0.375 options issued, expiry: 26.09.2024 1,675,000 – 27.08.20 - $0.375 options issued, expiry: 26.09.2024 5,925,000 – 26.08.20 - $0.375 options issued, expiry: 26.09.2024 75,000 – 29.09.20 - $0.375 options issued, expiry: 26.09.2024 1,618,262 – 23.10.20 – Options exercised (47,619) – At reporting date 19,966,476 10,720,833 Notes to the Consolidated Financial Statements for the year ended 31 December 2020 Annual Report 2020 43