DEVELOP GLOBAL LIMITED — Regulatory Filings 2013

May 28, 2013

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ASX Announcement
ASX Code: VXR
Released: 29 May 2013
For further details
Michael Mulroney
Managing Director
T: +61 8 6389 7400
michael.mulroney@venturexresources.com
Board
Tony Kiernan
Chairman
Michael Mulroney
Managing Director
Ray Parry
Non-Executive Director
Jim Mellon
Non-Executive Director
Trevor Hart
Company Secretary
Contact Details
Registered Office
Level 2
91 Havelock Street
West Perth WA 6005
T: +61 8 6389 7400
F: +61 8 9463 7836
admin@venturexresources.com
www.venturexresources.com
ABN: 28 122 180 205
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ENTITLEMENT ISSUE UPDATE

The Board of Directors of Venturex Resources Limited (Venturex) wishes to confirm that the Non-Renounceable Entitlement Issue (“Offer”) to raise $5.219 million closed on 27 May 2013. At the close of the Offer, Venturex received valid applications from eligible Shareholders for 109,507,133 available shares equating to 41.96% participation level.

Maximum number of shares available under the 2:11 Entitlement issue	260,974,918	$5,219,498
Number of shares taken up by Shareholders (Entitlements)	108,834,670	$2,176,693.40
Number of additional shares taken up by Shareholders (in excess of Entitlements)	672,463	$13,449.26
Number of shares not taken by Shareholders (Shortfall Shares)	151,467,785	$3,029,355.70

The 2:11 Entitlement Issue is partially underwritten by the Directors of the Company up to an aggregate amount of 3,000,000 ordinary shares. The Directors will receive no fee in relations to any underwritten shares.

Pursuant to the terms of the Offer, the Directors may at their complete and absolute discretion place some or all of the remaining 151,467,785 Shortfall Shares with any third parties within three months of the close of the Offer, at an issue price of not less than $0.02 per share.

The new Shares are expected to be issued, and holding statements dispatched, on Tuesday 4 June 2013.

MICHAEL MULRONEY Managing Director