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DEVELOP GLOBAL LIMITED — Regulatory Filings 2012
Jul 8, 2012
64801_rns_2012-07-08_80fcc9e7-4822-4539-b47a-0f6d600298b3.pdf
Regulatory Filings
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NOTIFICATION OF SUBSCRIPTION 1:10 ENTITLEMENT ISSUE
The Board of Directors of Venturex Resources Limited (Venturex) is pleased to advise that it has received valid applications from Shareholders for ~83.8% of the available shares offered under the 1:10 Non-Renounceable Entitlement Issue which closed on 3 July 2012.
| Maximum number of shares available under | 125,032,913 | $4,501,185 |
|---|---|---|
| the 1:10 Entitlement Issue | ||
| Number of shares taken up by Shareholders | 67,456,708 | $2,428,441 |
| (Entitlements) | ||
| Number of additional shares taken up by Shareholders (in excess of Entitlements) |
37,281,487 | $1,342,134 |
| Number of shares not taken up by Shareholders (Shortfall Shares) |
20,294,718 | $730,610 |
The 1:10 Entitlement Issue is fully underwritten and the Shortfall Shares will be taken up by Northern Star Resources Limited (NST), taking NST’s holding to 14.52% of the issued capital.
All shares are expected to be allotted on 11 July 2012, and holding statements despatched to Shareholders on 12 July 2012.
ASX Announcement ASX Code: VXR Released: 6 July 2012
For further details Liza Carpene Company Secretary T: +61 8 6389 7400 M: +61 411 407 835 [email protected]
Board
Tony Kiernan Chairman
Michael Mulroney Managing Director
Allan Trench Non-Executive Director
John Nitschke Non-Executive Director
Ray Parry Non-Executive Director
Liza Carpene Company Secretary
LIZA CARPENE Company Secretary
For further information, please contact:
Michael Mulroney / Liza Carpene – Venturex Resources Limited on (08) 6389 7400 Tony Dawe – Professional Public Relations on 0405 989 743 / (08) 9388 0944
Contact Details
About Venturex Resources Limited
Venturex Resources Limited (ASX: VXR) is an exploration and development company with a portfolio of VMS projects in the Western Pilbara. Venturex owns or controls the Whim Creek Copper Mine and all associated mining leases and exploration tenements including copper, zinc, lead, silver and gold resources at Whim Creek, Mons Cupri, Salt Creek, Liberty ‐ Indee and Sulphur Springs. Other assets include the Whim Creek Hotel, an accommodation village, crushing circuit and various mining infrastructure. The Company is committed to a strategy of consolidating VMS projects in the Western Pilbara and developing a centralised processing hub in the area. Venturex is also exploring for gold in Brazil through its wholly owned subsidiary CMG Mineração Ltda.
Registered Office Suite 3, Level 1 127 Cambridge Street West Leederville WA 6007
T: +61 8 6389 7400 F: +61 8 9463 7836 [email protected] www.venturexresources.com
ABN: 28 122 180 205