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DEVELOP GLOBAL LIMITED Capital/Financing Update 2020

Jun 28, 2020

64801_rns_2020-06-28_917f2937-44fd-40b9-8671-32e652f3f49e.pdf

Capital/Financing Update

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29 June 2020

ASX/Media Release

Extension to Closing Date of Share Purchase Plan

Venturex Resources Limited ( Venturex or the Company ) (ASX: VXR) wishes to advise that due to COVID 19 restrictions causing significant delays to the postal services, Venturex has extended the original proposed closing date of the Share Purchase Plan offer (SPP) as announced to the ASX on 22 June 2020, to allow all eligible shareholders time to participate.

The new proposed closing date of the SPP is now Monday, 13 July 2020

Share Purchase Plan Timetable

Event Date
Record Date (the business day prior to Venturex's announcement of the 9 June 2020
Plan)
Opening Date 22 June 2020
RevisedClosing Date 13 July 2020
RevisedIssue Date (i.e. the date of issue of Shares under the SPP) 20 July 2020
RevisedDispatch of holding statements in respect of Shares issued 21 July 2020
under the SPP
RevisedDate on which Shares issued under the SPP are expected to 22 July 2020
commence trading on ASX

All dates are indicative only and subject to change. Subject to regulatory requirements, the Company reserves the right to vary the timetable without notice.

To download the SPP documents online, shareholders can visit the SPP website at https://events.miraqlecom/VXR-offer.

This announcement has been authorised for release to the ASX by Anthony Reilly, Executive Director.

For further information, please contact:

Investors

Anthony Reilly Venturex Resources Limited Ph: +61 8 6389 7400 [email protected]

Media

Nicholas Read Read Corporate Ph: +61 8 9388 1474 [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 and Kangaroos Caves deposits, 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. The Company’s focus is on securing environmental approvals and project finance for its flagship Sulphur Springs Project, paving the way for its transformation into a new mid-tier ASX-listed base metal producer in the near term. This will position it to be a long-term supplier of copper and zinc to global markets at a time when significant shortfalls are expected for both metals, especially copper.

Venturex Resources Limited ABN: 28 122 180 205 Level 2, 91 Havelock Street, West Perth WA 6005 | PO Box 585, West Perth WA 6872 T: +61 8 6389 7400 | [email protected] |www.venturexresources.com

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