Alligator Energy (AGE) EGM 2025 summary

Opening remarks and agenda

• Meeting opened with confirmation of quorum and introduction of directors and CFO.

• Purpose of the EGM is to address two matters related to the June 2025 capital raise, specifically refreshing the 15% placement capacity under Listing Rule 7.1.

Specific resolutions to be voted on

• Ratification of the issue of 556,451,620 shares at AUD 0.031 per share to exempt investors.

• Approval to issue up to 278,225,810 options at AUD 0.047, expiring two years from issue, to placement participants.

Q&A with stakeholders

• Shareholder questioned lack of retail offer and cost-effectiveness of 6% broker fee; board cited need for speed and standard fee for company size.

• Discussion on quality of institutional investors, with several new long-only funds, including a major Australian super fund, joining.

• Clarification provided on the process for issuing options, including prospectus, listing requirements, and associated fees.