DEVELOP GLOBAL LIMITED — Regulatory Filings 2017

Jul 16, 2017

17 July 2017

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Dear Optionholder

VENTUREX RESOURCES LIMITED – NPRO-RATA NON-RENOUNCEABLE RIGHTS ISSUE

As announced on 17 July 2017 Venturex Resources Limited ( Venturex ) is undertaking a 2:7 pro rata nonrenounceable rights issue ( Rights Issue or Offer ) of approximately 750,269,425 fully paid ordinary shares ( New Share ) to raise approximately $3,751,347. The price of New Shares under the Offer is 0.5 cents per share ( Issue Price ). The Company released an offer document for the Offer ( Offer Document ) to ASX on or around 17 July 2017.

The Offer will be sole managed and underwritten by Euroz Securities Limited ( Euroz ) to an amount of approximately $3,126,200. Northern Star Resources Limited ( Northern Star ) and Precision Opportunities Funds Limited ( Precision ), both shareholders in the Company, have agreed to sub-underwrite the shortfall of the Offer and take up their entitlements, up to $2,000,000 with respect to Northern Star and up to $1,000,000 with respect to Precision. A director of the Company, Mr Darren Stralow, has also agreed to underwrite up to 10,000,000 Shares of any shortfall of the Offer.

The Company will pay Euroz a 1% commission on the gross proceeds of the Offer and an underwriting fee of 4% of the Underwritten Amount less the firm commitment and sub-underwriting commitment from Northern Star Resources Limited (expected to total $2,000,000) and Director participation (expected to be $50,000). Mr Stralow will not receive any fee for fulfilling this underwriting commitment.

The Offer is being made to all shareholders of the Company ( Shareholders ) named on its register of members at 5:00pm (WST) on 20 July 2017 ( Record Date ), whose registered address is in Australia, New Zealand, Hong Kong or China.

New Shares will rank equally with all fully paid ordinary shares in the capital of the Company ( Shares ) already on issue.

The terms and conditions of the options you currently hold do not entitle you to participate in the Rights Issue unless you exercise your options in time for new shares to be allotted and to be entered on the Company’s register of members on or before 5:00pm (WST) on the Record Date.

If you wish to participate in the Offer, a notice of option exercise and payment of the options exercise price should be lodged with the Company’s share registry, Advance Share Registry Ltd, with sufficient time to ensure that you are registered as a shareholder of the Company by the Record Date.

If you do not wish to participate in the Offer, no action is required.

If you have any queries concerning the above matters, please contact Mr Trevor Hart, Venturex’s Company Secretary, on +61 8 6389 7400 or email: admin@venturexresources.com .

Yours sincerely

TREVOR HART Company Secretary

Registered & Principal Office Level 2, 91 Havelock Street, West Perth WA 6005 PO Box 585, West Perth WA 6872

ABN 28 122 180 205 Tel: +61 8 6389 7400 Fax: +61 8 9463 7836

www.venturexresources.com E: admin@venturexresources.com