11 Issued capital a. Fully paid ordinary shares 2022 No. 2021 No. 2022 $ 2021 $ At January 1 95,275,475 80,960,713 16,973,505 12,440,958 Shares issued during the year: 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 11.01.22 Options exercised 650,000 – 162,500 – 05.08.2022 Placement of shares 19,761,905 – 4,150,000 – 19.10.2022 Placement of shares 1,238,095 – 260,000 – Transaction costs relating to share issues – – (223,163) (189,000) At 31 December 116,925,475 95,275,475 21,322,842 16,973,505 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 2022 No. 2021 No. Options At January 1 16,247,428 19,966,476 04.02.21 - Options exercised – (199,999) 12.02.21 - Options exercised - (650,000) 21.06.21 - Options exercised - (333,333) 09.09.21 - Options exercised - (250,000) 16.09.21 - Options exercised - (786,191) 30.09.21 - Options exercised - (666,667) 30.09.21 - Options expired - (832,858) 11.01.22 - Options exercised (650,000) - 12.01.22 - Options expired (1,304,166) - At 31 December 14,293,262 16,247,428 Notes to the Consolidated Financial Statements for the year ended 31 December 2022 Siren Gold Limited 64
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