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SPC GLOBAL HOLDINGS LTD Capital/Financing Update 2012
65843_rns_2012-06-26_9392d83e-c115-4aaf-ac7f-9bb405814942.pdf
Capital/Financing Update
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25 June 2012
ASX Limited Level 8, Exchange Plaza 2 The Esplanade Perth WA 6000
ASX Announcement (ASX:CTT)
UPDATED STATEMENT OF COMMITMENTS
Set out below is the updated statement of commitments for (Company), based on the actual amount raised dated 15 February 2012 as amended by the supplementary prospectus dated 16 April 2012 and the second supplementary prospectus dated 15 May 2012 Crest Minerals Ltd , under the Company's prospectus pplementary 2012, being $3,500,000.
| Funds available | Full Subscription ($)($3,500,000) | Percentage of Funds (%) |
|---|---|---|
| Year 1 | ||
| Expenses of the Offer | 401,733 | 18% |
| Exploration expenditure | 1,086,000 | 48% |
| Vendor Payments | 280,000 | 13% |
| Administration | 365,000 | 16% |
| Working capital | 117,267 | 5% |
| Total- Year 1 | 2,250,000 | 100% |
| Year 2 | ||
| Exploration expenditure | 885,000 | 71% |
| Administration | 365,000 | 29% |
| Working capital | Nil | 0% |
| Total- Year 2 | 1,250,000 | 100% |
| Total- Years 1 & 2 | 3,500,000 | 100% |
Yours faithfully
JAROSLAW (JAREK) KOPIAS Company Secretary Crest Minerals Ltd