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DEVELOP GLOBAL LIMITED — Capital/Financing Update 2019
Feb 25, 2019
64801_rns_2019-02-25_7eff7cc0-5c24-4262-b7c8-c31afa113f6a.pdf
Capital/Financing Update
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Building a Mid-Tier Base Metals Business
ASX Release
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26 February 2019
EXPIRY OF PERFORMANCE RIGHTS
Venturex Resources Limited wishes to advise that the following unlisted Performance Rights did not meet their milestone and vesting criteria and now have expired:
| NUMBER | Class |
|---|---|
| 41,667 | Performances Rights – 2017 LTI |
| 66,668 | Performances Rights – 2018 LTI |
The following unlisted securities remain on issue
| The following | unlisted securities remain on issue |
|---|---|
| NUMBER | Class |
| 40,320 | Performances Rights – 2016 LTI |
| 100,000 | Performances Rights – 2017 LTI |
| 1,266,671 | Performances Rights – 2018 LTI |
| 4,333,334 | MD Performance rights - 2018 LTI |
| 666,667 | ED Performance rights - 2018 LTI |
| 40,000 | Performances Rights – 2019 LTI |
Yours faithfully
TREVOR HART Company Secretary/CFO
For further information, please contact:
Trevor Hart – Venturex Resources Limited on (08) 6389 7400
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 to work with our partners Blackrock Metals to expand and extend the existing 4 tonne per day oxide copper heap leach and SXEW operation at Whim Creek, 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.
Venturex Resources Limited
ASX: VXR ABN: 28 122 180 205
Level 2, 91 Havelock Street West Perth WA 6005
T : +61 8 6389 7400
www.venturexresources.com
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