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DEVELOP GLOBAL LIMITED — Regulatory Filings 2021
Mar 16, 2021
64801_rns_2021-03-16_406d2699-85b5-4898-a492-523ad65df178.pdf
Regulatory Filings
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ASX/Media Release
17 March 2021
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Venturex Resources Ltd (“ Venturex ” or “the Company”) ( ASX: VXR ) notes that on the 15 March 2021 Northern Star Resources (ASX: NST) sold its entire 17.5% stake in the Company, comprising 70,806,430 shares, in an on-market transaction.
Venturex takes this opportunity to thank Northern Star for its support as a cornerstone shareholder over the past nine years.
Northern Star Loan
The Company also advises that today it has settled the outstanding NST loan in full. NST has exercised 7,595,454 un-listed 10c options which was applied against the outstanding loan and the remaining balance of $434,544.35, including interest, will be settled in cash.
Venturex Executive Director, Anthony Reilly, said: “Northern Star has been a resolute supporter of Venturex over a long period of time, and I would like to take this opportunity to acknowledge their commitment and input as a substantial shareholder to enable us to advance Sulphur Springs where it is today”.
Authorised by Anthony Reilly, Executive Director.
Investor Enquiries Media Enquiries Anthony Reilly Nicholas Read Venturex Resources Limited Read Corporate P: +61 8 6389 7400 P: +61 8 9388 1474 E: [email protected] E: [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 100% interest in Sulphur Springs Project which includes the Sulphur Springs Project, Kangaroos Caves Resource plus 27km of prospective tenements on the Panorama trend and a 20% interest in the Joint Venture at 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.
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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