YOJEE LIMITED — Capital/Financing Update 2014

Aug 27, 2014

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ASX Release

28 August 2014

**Southern

Crown Resources
Limited**

ABN:
52
143
416
531 Level
1,
Suite
2 415
Riversdale
Road HAWTHORN
EAST
VIC
3123 T: (+61)
3
9813
3882 F: (+61)
3
9813
4882 www.southerncrown.com.au

Contact:

Rhod
Grivas Executive
Director T: +61
419
919
321 rhod.grivas@southerncrown.com.au

**Directors

/
Officers:**

Rhod
Grivas Mark
Papendieck Adrian
Hill

**Issued

Shares
and
Options:**

Shares:
30
million Unlisted
options:
1.5
million

ASX
Code: SWR

**SOUTHERN

CROWN
PLACEMENT
TO
RAISE FUNDS
FOR
ALASKAN
EXPLORATION**

Southern
Crown
Resources
Limited ("Southern
Crown" or “the Company”) advises
that
it
has
successfully
completed
the
bookbuild
for
a placement
to
sophisticated
investors
(“Placement”)
to
raise
up
to A$650,000.
Net
proceeds
from
the
Placement
will
be
used
to
provide funding
for
the
exploration
and
ongoing
commitments
associated
with the
Luna-­‐Quicksilver
and
other
Alaskan
projects
over
which
the
company recently
entered
into
an
option
to
explore
with
Afranex
Gold
Limited
as announced
to
ASX
on
20
August
2014.

The
Placement
of
up
to
13
million
shares
will
be
issued
in
two
tranches, as
follows:

• 7,500,000
  Placement
  Shares
  to
  be
  issued
  utilising
  the
  Company’s placement
  capacities
  under
  Listing
  Rules
  7.1
  and
  7.1A
  to
  raise $375,000
  (Tranche
  1);
  and

• up
  to
  5,500,000
  Placement
  Shares
  to
  be
  issued
  following
  the receipt
  of
  the
  approval
  of
  the
  Company’s
  shareholders
  to
  raise
  up to
  a
  further
  $275,000
  (Tranche
  2).

The
Placement
is
being
undertaken
at
a
price
of
A$0.05
per
share, representing
an
8.9%
discount
to
the
fifteen
day
volume
weighted average
price
(VWAP)
of
Southern
Crown
shares
to
25
August
2014
of A$0.0549
per
share
(source:
iress).

Southern
Crown’s
Chairman,
Mr
Rhod
Grivas
commented: “ We
are extremely
pleased
with
the
strong
support
for
the
Placement
from some
of
our
major
shareholders
and
from
a
selected
number
of
new investors.
Following
completion
of
the
Placement,
Southern
Crown
will be
in
a
solid
financial
position
with
approximately
A$2
million
in
cash and
have
recently
commenced
field
activities
in
Alaska.”

Settlement
of
the
Placement
is
scheduled
to
occur
on
Friday
29
August 2014
with
anticipated
allotment
and
quotation
of
the
Tranche
1
shares issued
pursuant
to
the
Placement
to
occur
by
Friday
5
September
2014. The
Tranche
2
shares
will
be
issued
subject
to
shareholder
approval
at
a meeting
expected
to
be
held
around
17
October
2014.

For
further
information
please
contact:

Rhod
Grivas Chairman Ph:
+61
419
919
321