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PROSPECT RESOURCES LIMITED Capital/Financing Update 2015

Aug 25, 2015

65617_rns_2015-08-25_24dedfe0-a098-4277-92fa-488a6361581e.pdf

Capital/Financing Update

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==> picture [244 x 36] intentionally omitted <==

26 August 2015

Mr Jeremy Newman ASX Limited Level 40, Central Park 152-158 St Georges Terrace PERTH WA 6000

EXTENSION OF RIGHTS ISSUE CLOSING DATE

Prospect Resources Limited ( Company ) refers to its 1 for 2 pro-rata nonrenounceable rights issue announced to ASX on 11 August 2015 ( Rights Issue ).

To enable shareholders additional time to lodge their applications for their respective entitlements under the Rights Issue, the Board has today resolved to extend the closing date of the Rights Issue by two weeks from 31 August 2015 to 14 September 2015 .

The revised indicative timetable for the remainder of the Rights Issue is as set out in the table below:

The revised indicative timetable for the remainder of the Rightsin the table below: Issue is as set out
Event Date
Closing Date 14 September 2015
Securities quoted on a deferred settlement basis 15 September 2015
ASX notified of under subscriptions 17 September 2015
Issue date/Shares entered into Shareholders’ security holdings 21 September 2015
Quotation of Securities issued under the Offer and admission 22 September 2015
of Shares to trading on ASX

This timetable is indicative only and subject to change. The Company reserves the right to vary the above dates, subject to the ASX Listing Rules and the Corporations Act 2001 (Cth).

For further information, please contact:

Hugh Warner Executive Chairman Prospect Resources Limited (Aus) Ph: +61 413 621 652

Prospect Resources Limited | ACN 124 354 329

Suite 6, 245 Churchill Ave. Subiaco WA 6008 | Phone: +61 8 9217 3300 | Fax: +61 8 9388 3006

Website: prospectresources.com.au | Email: [email protected]