Siren Gold Limited Annual Report 2021

11 Issued capital a. Fully paid ordinary shares 2021 No. 2020 No. 2021 $ 2020 $ At the beginning of the year 80,960,713 22,077,938 12,440,958 1,444,701 Shares issued during the year: 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 16.02.21 Options exercised 849,999 – 212,500 – 21.06.21 Options exercised 333,333 – 83,333 – 09.09.21 Options exercised 250,000 – 62,500 – 16.09.21 Options exercised 786,191 – 196,548 – 30.09.21 Options exercised 666,667 – 166,666 – 11.11.21 shares issued to sophisticated investors 10,642,858 – 3,725,000 – 30.12.21 shares issued to related parties 785,714 – 275,000 – Transaction costs relating to share issues – – (189,000) (900,250) Options issued – – – 1,086 At reporting date 95,275,475 80,960,713 16,973,505 12,440,958 b. O rdinary 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. Notes to the Consolidated Financial Statements for the year ended 31 December 2021 Annual Report 2021 43