Ann: Placement sees Shareholder increase Stake to 10%, page-2

ASX RELEASE 11 February 2019 | Page 1 of 1Major shareholder increases stake in Sipa $450,640 placement sees Mr Ervin Vidor AM controlled interest increase to 10% with proceeds to be used to support copper exploration in WA and project generation REGISTERED OFFICE ANDPOSTAL ADDRESS: 12-20 Railway Rd Subiaco 6008 Western Australia ABN 26 009 448 980 • TELEPHONE: (08) 9388 1551 •FAX: (08) 9381 5317 •E-MAIL: [email protected] Sipa Resources Limited (ASX: SRI) is pleased to advise that it has reached agreement to undertake a share placement to its major shareholder, Rodiv (NSW) Pty Limited (Rodiv), a company controlled by Mr Ervin Vidor, which will see Mr Vidor’s controlled shareholding in the Company increase to 10%. The placement, comprising 52,400,000 shares at an issue price of $0.0086, will raise $450,640 with theproceeds to be used to support Sipa’s aggressive copper exploration campaign in the Paterson Province of WA Pilbara and for project generation purposes. The issue price represents an 11% premium to the 20-day volume weighted average price of Sipa shares. The placement shares will be issued in accordance with the Company’s capacity under ASX Listing Rule 7.1A and will rank equally with existing Sipa ordinary shares quoted on the ASX. Mr Vidor has been a shareholder since early 2000. Mr Vidor said “We believe in the prospects of Sipa and the integrity and competence of its management and the Board.”