VERITY RESOURCES LIMITED — Capital/Financing Update 2012

Mar 6, 2012

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TO: COMPANY ANNOUNCEMENTS OFFICE ASX LIMITED

Market Cap

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DATE: 7 MARCH 2012

Cash

RESULT OF THE 1:3 NON-RENOUNCEABLE RIGHTS ISSUE

Issued Capital

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71,857,670 listed options at 10c
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The Directors of Botswana Metals Limited (“BML”) are pleased to advise that the Company has raised $1,642,699 before costs (after underwriting) from the Rights Issue to Eligible Shareholders that closed on 2 March 2012.

Substantial shareholders

The Rights Issue shortfall to the offer is $273,549 being 6,838,475 shares at 4 cents per share plus 1 Attaching Option at nil cost. The Directors can place the Shortfall Shares in accordance with the ASX Listing Rules.

Directors

Pat Volpe

Chairman

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www.botswanametals.com.au
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Registered Office

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310 Whitehorse Road
Balwyn, Victoria, 3103
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P +61 3 9830 7676
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F +61 3 9836 3056
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Contact