VOLT RESOURCES LIMITED — Capital/Financing Update 2014

Dec 16, 2014

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ASX ANNOUNCEMENT

17 December 2014

By e-lodgement

PLACEMENT

Mozambi Resources Limited (ASX: MOZ , Mozambi or Company ) is pleased to announce that it has received firm commitments from sophisticated and exempt investors of Alignment Capital Pty Ltd to raise $318,000 through a placement of 53,000,000 fully paid ordinary shares priced at 0.6 cents ($0.006) per share.

Newly appointed executive director Alan Armstrong commented; “we are extremely pleased by the level of interest shown in the company by investors enabling the company to raise the maximum amount allowable under the company’s existing share issuing capacity”.

The shares will be issued in accordance with the Company’s placement capacity under Chapter 7 of ASX Listing Rules. Settlement of the placement funds and issue of shares will occur over the next 10 days. Participants in the placement will also receive one free option exercisable at 2 cents ($0.02) expiring on or before 31 December 2017 for every two new shares issued.

The issue of the attaching options will be subject to approval by shareholders at a meeting to be convened in the near future.

The proceeds from the placement together with existing cash reserves will be used to advance the Company’s existing assets, seek new opportunities, pay for the costs of the offer and for working capital.

Mozambi Resources Limited ACN 106 353 253 Level 17, 500 Collins Street, Melbourne, VIC, 3000 Tel: (+613) 9614 0600 Fax: (+613) 9614 0550