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PROSPECT RESOURCES LIMITED — Interim / Quarterly Report 2013
Jan 30, 2014
65617_rns_2014-01-30_33285986-bd4c-4e73-be13-bb0bf6aa24b0.pdf
Interim / Quarterly Report
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December Quarterly Report
Highlights from the Quarter and up to the date of this announcement
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Issued 95,000,000 new ordinary shares at 1c each to raise $950,000
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Subject to shareholder approval, to issue additional 15,000,000 new ordinary shares at 1c each to raise an additional $150,000
Placement
The Company has entered into placing agreements to raise $1,100,000, via the issue of 110,000,000 new ordinary shares at 1c each. MBM Capital Partners LLP has subscribed for $850,000, Sirius Trustees has subscribed for $100,000, and entities related to Hugh Warner have subscribed for $150,000 (The issue of securities to Hugh Warner requires shareholder approval). On 21 January 2014, the Company issued 95,000,000 new ordinary shares.
Exploration
No exploration work was carried out in Australia or Zimbabwe during the December Quarter because management’s time was spent on corporate, compliance and fund raising matters.
With the completion of the above placement on 21 January 2014, the Company plans to commence mineral exploration during the current quarter.
Tenements
The Company maintains one tenement which is summarised below:
| Tenement Type &**Number ** | Project | Registered Holder and Interests |
|---|---|---|
| E66/56 | Mary Springs | Prospect Resources Limited (100%) |
Contact Details
For further information, please contact:
| Hugh Warner | Harry Greaves |
|---|---|
| Executive Chairman | Non-Executive Director |
| Prospect Resources Limited (Aus) | Prospect Resources Limited (Zim) |
| Ph: +61 413 621 652 | Ph: +263 772 144 669 |
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]