RESA GROUP LIMITED (RE1)

name changed to Tombador Iron Limited

RESA Group advises the expiry of 574,750 unlisted options, on 14th September 2020. The options expired without converting to ordinary shares, as a result of the exercise price of $0.21 being higher than the current share price as at the expiry date of the options.

we understand that on or about this date the company consolidated its shares 19 for 20

The company has closed the offer of shares under its prospectus dated 6 August 2020. RESA Group has completed a raising of the maximum $15,000,000.

The company releases a notice of consolidation of its securities. Shareholders get 19 shares for every 20 presently owned.

The company lodges its Preliminary Final Report.

The company releases the Results of Meeting.

Due to strong demand, the public offer under the company's prospectus has been fully oversubscribed. The company is no longer able to accept further applications. Subject to the receipt of cleared funds, the company will look to formally announce the close of the offer early next week.

The company releases an Updated Investor Presentation.

The company releases a notification of consolidation. Shareholders will get 19 shares for every 20 presently owned.

The company issues a prospectus for an offer of 400,000,000 Shares at an issue price of $0.025 per Share to raise $10,000,000, with the ability to accept oversubscriptions of up to 200,000,000 Shares at an issue price of $0.025 in order to raise up to an additional $5,000,000 (for a total of $15,000,000).

The company releases the Investment Outline on Tombador Iron.

The company lodges its Appendix 4C - quarterly.

The company's general meeting will be held at 10:00am on 31 August 2020 at Level 1, 45 Stirling Highway Nedlands WA 6009.

The Company refers to the announcement dated 26th of June 2020, relating to a Writ and Statement of Claim filed in the County Court of Victoria from Mr Peter Scott, a former contractor of RESA IBN Pty Ltd, claiming unpaid commissions and expenses for services totalling $219,234.50 (plus GST). The proceeding has been dismissed from the County Court of Victoria as of the 24th of July 2020. The proceeding has been dismissed by consent without adjudication on the merits and with no right of reinstatement as the Company has settled on full and final payment of $90,000 (plus GST).

The changes to substantial holders are in relation to the recent placement offer. The new substantial holders relate to the purchase of shares in the placement, and the reduction of voting rights related to dilution of the shareholder insterest, not to sales of shares.

The company has repaid in full the secured loan facility. This brings the company's secured debt level to nil balance. The company had a strong settlements quarter to date for Q4 FY20 as it continues to operate the future receivables book from past property sales. The total drawn principle of $1,950,000, interest and costs up until the 31st of March 2020, and costs associated with managing the facility have now been repaid. The company has commenced proceedings against BEG Developments for unpaid commissions in relation to services provided regarding two projects, The Embassy Apartments and The Grove Apartments. The commissions due to the company total $362,131.35 together with damages, interests and costs. The company has received a Writ and Statement of Claim filed in the County Court of Victoria from Mr Peter Scott, a former contractor of RESA IBN Pty Ltd, claiming unpaid commissions and expenses for services totalling $219,234.50 together with damages, interests and costs. The company denies any entitlements are owed to Mr Scott and intends to vigorously defend this claim.

The company releases a notice of Proposed issue of Securities - RE1.

The company has entered into a binding agreement to acquire a high-grade hematite iron ore project based in Sento Se, Brazil.

The company releases an Appendix 2A.

The company releases an Appendix 2A.

The company releases a notice of Proposed issue of Securities - RE1.

RE1 completes Tranche 2 of its working capital placement and debt-to-equity swap, raises approximately $1.6m comprising of $700,000 cash and $905k debt-to-equity swap. RE1 has issued 80,259,639 fully paid ordinary shares at $0.02 per share to complete Tranche 2. Funds raised will be applied towards working capital and payment towards the Company's creditors. RE1 has also converted $100,000 of existing loans into 5m fully paid ordinary shares at $0.02 per share under its placement capacity. Tranche 1 was completed on 22 January 2020 comprising of $800,000 cash and $86,767 debtto-equity.

The company lodges its Appendix 4C - quarterly.

ASX Limited has granted the Company a waiver from Listing Rule 14.7 as follows: the issue of the Tranche 2 Placement Shares must be completed by no later than 13 May 2020; and the issue of the Tranche 2 Placement Shares, and the use of any funds raised from the issue, must be on the same terms disclosed in the Company's AGM notice of meeting, dated 8 November 2019. The Company will endeavour to complete the issue of the Tranche 2 Placement Shares by no later than 13 May 2020.

The company lodges its H1 FY20 results.

The company lodges its Appendix 4D and Half Year Accounts.

Mr Bill Nikolouzakis will reduce his hours as CEO from 38 hours to 8 hours per week, commencing from 17 February 2020. Mr Bill Nikolouzakis' remuneration arrangements have been amended to reflect the changes in working hours. Under the new arrangement Mr Bill Nikolouzakis' annual renumeration will be pro-rated and reduced from $240,000 plus superannuation per annum to $50,526 plus superannuation per annum, representing a 78% reduction in annual remuneration.

The company provides an update for the quarter ending 31 December 2019. The company continues to operate the future receivables commission book from the previous property sales generated under the iBuyNew, Nyko Property and IndoPacific Property brands. The Board remains focused on improving the overall health of the balance sheet and continue to explore potential acquisitions. The company also lodges an Appendix 4C.

The following securities will be released from voluntary escrow on 3 February 2020: 48,612 - fully paid ordinary shares.

The company releases an Appendix 2A.

The company received approval to issue up to a maximum of 125,000,000 fully paid ordinary shares, each issued at $0.02 per share in two components. The placement shares will be raised in two tranches with the first tranche completed. Tranche 1 successfully raised a total of $800,000 before costs. The company issued 40,000,000 working capital placement shares at $0.02 per share yesterday, which will rank equally with the company's existing fully paid ordinary shares.

The company releases a notice of Proposed issue of Securities - RE1.

Regarding the company's proposed disposal of selected assets of the iBuyNew and Nyko Property platforms for a cash consideration of $500,000, the company's shareholders approved the transaction at the company's AGM. All conditions precedent to the transaction have now been satisfied, waived or became conditions subsequent. The transaction completed on 14 January 2020. From the proceeds, $400,000 has been used to repay principal of the company's secured loan facility and $31,000 used to repay service providers of the company. The remaining $69,000 is currently held in escrow pending satisfaction of several conditions subsequent deliverables and is anticipated to be released by 31 January 2020.

name changed from iBuyNew Group Limited