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DEVELOP GLOBAL LIMITED — Regulatory Filings 2018
Nov 12, 2018
64801_rns_2018-11-12_a9d64c5e-5015-4246-a26a-9f15fa8c7c1f.pdf
Regulatory Filings
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Building a Mid-Tier Base Metals Business
ASX/Media Release
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13 November 2018
Share Purchase Plan to help fund early works at Sulphur Springs Copper-Zinc Project in WA
Venturex Resources (ASX: VXR) is pleased to announce that it is undertaking a Share Purchase Plan (SPP) to raise up to $3 million at 18c a share.
The offer price represents an 18% discount to the volume-weighted average price of the Company’s Shares during the 10 trading days immediately prior to the announcement date of this offer.
Proceeds of the SPP will be used to fund early works and secure long-lead items for the Sulphur Springs Copper-Zinc Project and finalise project financing.
Shareholders on the Venturex register at 5:00pm (WST) on 12 November 2018 (Record date), with a registered address in Australia or New Zealand will be entitled to subscribe for up to $15,000 worth of Venturex’s shares through the SPP, subject to eligibility criteria and other terms and conditions of the SPP which will be set out in the SPP booklet and dispatched to eligible shareholders. Shares issued under the SPP will rank equally with existing shares of Venturex. The SPP will not be underwritten.
Venturex may decide to scale back applications under the SPP in its absolute discretion.
AJ Saverimutto Managing Director For further information, please contact:
Investors
Media
AJ Saverimutto Nicholas Read Venturex Resources Limited Read Corporate Ph: +61 8 6389 7400 Ph: +61 8 9388 1474 Email: [email protected] [email protected]
About Venturex Resources Limited
Venturex Resources Limited (ASX: VXR) is an exploration and development company with two advanced Copper Zinc Projects near Port Hedland in the Pilbara region of Western Australia. The two projects are the Sulphur Springs Project which includes the Sulphur Springs Project, Kangaroos Caves Resource plus 27km of prospective tenements on the Panorama trend and the Whim Creek Project which includes the Resources at the Whim Creek, Mons Cupri and Salt Creek mines together with the Evelyn project and 18,100 ha of prospective tenements over the Whim Creek basin. Our strategy is identify other near term production options at Whim Creek, Mons Cupri and Sulphur Springs and fully optimise the Sulphur Springs Project have it shovel ready to take advantage of forecast improvements in base metal prices.
T : +61 8 6389 7400 [email protected] www.venturexresources.com
Venturex Resources Limited ASX: VXR ABN: 28 122 180 205
Level 2, 91 Havelock Street West Perth WA 6005