FENIX RESOURCES LTD — Capital/Financing Update 2011

Sep 14, 2011

15 September 2011

Company Announcements Office Australian Securities Exchange Limited 20 Bridge Street Sydney NSW 2000

Dear Sir/Madam

Notifications to Shareholders and Option holders – Entitlement Issue

Please find attached notifications to Shareholders and Option holders sent today regarding the Entitlement Issue for which a Prospectus was lodged with the ASX on 15 September 2011.

Yours sincerely

EMERGENT RESOURCES LIMITED

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Kevin Hart

Company Secretary

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15 September 2011

Dear Shareholder

Emergent Resources Limited Entitlement Issue – Notification Details

On 15 September 2011 the Company announced an opportunity for the holders of Shares in the Company (Shareholders) to participate in a non‐renounceable pro‐rata Entitlement issue.

Pursuant to the Entitlement Issue, the Company will issue up to 92,123,196 new fully paid ordinary Shares ( New Shares ) at 3 cents per Share ( Offer ) to raise up to $2,763,695(before costs). The New Shares will be offered on the basis of one (1) New Share for every one (1) Share held in the capital of the Company at the Record Date ( Entitlement ).

The New Shares will be fully paid and will rank equally with the company’s existing issued Shares. The Company will make an application to the Australian Securities Exchange Limited ( ASX ) for official quotation of the New Shares.

All holders of fully paid Shares on the Company’s Register as at 5.00pm (WST) on 29 September 2011 ( Record Date ) are entitled to take up this Offer.

The Prospectus and Appendix 3B has been lodged with the ASX and is available on the ASX website (asx.com.au) and the Company’s website (www.emergentresources.com.au).

The Company has also lodged a Prospectus in relation to the Offer at the Australian Securities and Investments Commission and this document will be dispatched to shareholders of the Company on 6 October 2011 .

The capital structure on completion of the Offer will be as follows:

Shares	Number
Shares on issue at date of Prospectus	92,123,196
Shares issued pursuant to the Offer	92,123,196
Total Shares on issue after completion of the Offer	184,246,392
Options	Number
Unquoted exercisable at$0.50 on or before 30 September 2011	125,000
Unquoted exercisable at$0.20 on or before 31 August 2012	3,700,000
Unquoted exercisable at$0.26 on or before 8 September 2012	300,000
Unquoted exercisable at $1.00 on or before 30 September 2012	125,000
Unquoted exercisable at $0.26 on or before 27 October 2012	1,046,443
Unquoted exercisable at $1.50 on or before 30 September 2013	125,000
Options now offered	Nil
Total Options on issue after completion of the Offer	5,421,443

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Underwriting

The Offer is not underwritten.

Key dates

With respect to the Entitlement Issue, the Company will accept applications until 5.00pm WST on Thursday, 20 October 2011 (Closing Date) or any other date the Directors in their absolute discretion determine, subject to the requirements of the Corporations Act, the ASX Listing Rules and other applicable law. An indicative timetable for the Entitlement Issue is as follows:

indicative timetable for the Entitlement Issue is as follows:
Lodgement of Prospectus with ASIC and ASX	15 September 2011
Notice of Entitlements Issue sent to securityholders	15 September 2011
Sharesquoted on an “ex” basis	23 September 2011
Record Date for Determining Entitlement to New Shares	5pm (WST) 29 September2011
Prospectus and Entitlement and Acceptance Form Despatched to Eligible Shareholders	6 October 2011
Closing Date for Receipt of Acceptances and Application Monies*	5.00pm (WST) on 20 October 2011
Securitiesquoted on a deferred settlement basis	21 October 2011
NotifyASX of under‐subscriptions	25 October 2011
Despatch date/shares entered into Shareholders security holdings	28 October 2011

• Subject to the Listing Rules, the Directors reserve the right to extend the Closing Date for the Offer. Any extension of the Closing Date will have a consequential effect on the anticipated date for allotment and issue of the New Shares.

For further information on your entitlement please contact Nathan Lude at (08) 9380 9122 or the Company’s share registry.

Yours sincerely

EMERGENT RESOURCES LIMITED

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Kevin Hart

Company Secretary

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15 September 2011

Dear Optionholder,

Emergent Resources Limited Entitlement Issue – Notification Details

We are writing to in relation to your option holding in Emergent Resources Limited (“Company”).

On 15 September 2011 the Company announced an opportunity for the holders of Shares in the Company (Shareholders) to participate in a non‐renounceable pro‐rata Entitlement issue.

Pursuant to the Entitlement Issue, the Company will issue up to 92,123,196 new fully paid ordinary Shares ( New Shares ) at 3 cents per Share ( Offer ) to raise up to $2,763,695(before costs). The New Shares will be offered on the basis of one (1) New Share for every one (1) Share held in the capital of the Company at the Record Date ( Entitlement ).

The New Shares will be fully paid and will rank equally with the company’s existing issued Shares. The Company will make an application to the Australian Securities Exchange Limited ( ASX ) for official quotation of the New Shares.

All holders of fully paid Shares on the Company’s Register as at 5.00pm (WST) on 29 September 2011 ( Record Date ) are entitled to take up this Offer.

The Prospectus and Appendix 3B has been lodged with the ASX and is available on the ASX website (asx.com.au) and the Company’s website (www.emergentresources.com.au).

The Company has also lodged a Prospectus in relation to the Offer at the Australian Securities and Investments Commission and this document will be dispatched to shareholders of the Company on 6 October 2011 .

The capital structure on completion of the Offer will be as follows:

Shares	Number
Shares on issue at date of Prospectus	92,123,196
Shares issued pursuant to the Offer	92,123,196
Total Shares on issue after completion of the Offer	184,246,392
Options	Number
Unquoted exercisable at$0.50 on or before 30 September 2011	125,000
Unquoted exercisable at$0.20 on or before 31 August 2012	3,700,000
Unquoted exercisable at$0.26 on or before 8 September 2012	300,000
Unquoted exercisable at $1.00 on or before 30 September 2012	125,000
Unquoted exercisable at $0.26 on or before 27 October 2012	1,046,443
Unquoted exercisable at $1.50 on or before 30 September 2013	125,000
Options now offered	Nil
Total Options on issue after completion of the Offer	5,421,443

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Pursuant to the terms of the options that were issued to you, the Company is required to notify you of your right to participate in any pro‐rata issue of securities if you exercise your options prior to the record date for the pro‐rata issue.

Accordingly, take notice that in order to participate in the Offer you will need to exercise your options prior to the Record Date of the Offer.

Underwriting

The Offer is not underwritten.

Key dates

With respect to the Entitlement Issue, the Company will accept applications until 5.00pm WST on Thursday, 20 October 2011 (Closing Date) or any other date the Directors in their absolute discretion determine, subject to the requirements of the Corporations Act, the ASX Listing Rules and other applicable law. An indicative timetable for the Entitlement Issue is as follows:

indicative timetable for the Entitlement Issue is as follows:
Lodgement of Prospectus with ASIC and ASX	15 September 2011
Notice of Entitlements Issue sent to securityholders	15 September 2011
Sharesquoted on an “ex” basis	23 September 2011
Record Date for Determining Entitlement to New Shares	5pm (WST) 29 September2011
Prospectus and Entitlement and Acceptance Form Despatched to Eligible Shareholders	6 October 2011
Closing Date for Receipt of Acceptances and Application Monies*	5.00pm (WST) on 20 October 2011
Securitiesquoted on a deferred settlement basis	21 October 2011
NotifyASX of under‐subscriptions	25 October 2011
Despatch date/shares entered into Shareholders security holdings	28 October 2011

• Subject to the Listing Rules, the Directors reserve the right to extend the Closing Date for the Offer. Any extension of the Closing Date will have a consequential effect on the anticipated date for allotment and issue of the New Shares.

For further information on your entitlement please contact Nathan Lude at (08) 9380 9122 or the Company’s share registry.

Yours sincerely

EMERGENT RESOURCES LIMITED

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Kevin Hart Company Secretary