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Western Desert Resources Ltd.
AUSTRALIA WDR.AX 0,15 AU$ 0,00%
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8 Nov 2013 : Western Desert Completes Share Purchase Plan...read more

Publié le 08 novembre 2013

ASX ANNOUNCEMENT

8 November, 2013

Western Desert Resources, a


WESTERN DESERT RESOURCES LIMITED COMPLETES SHARE PURCHASE PLAN

diversified reso

rces

business with a portfolio of quality mineral exploration assets in the Northern

NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES OR TO US PERSONS

Territory.

Western Desert Resources Limited (ABN 48
122 301 848) (ASX:

Western Desert Resources' vision

WDR) (the Company) is pleased to advise that it has raised $19.43

is to be the leading low-cost iron

million from
existing shareholders under the
share purchase plan

ore producer in Northern Australia

first announced to ASX on 20 September 2013 (SPP) and that it has

while generating wealth and

accepted all
applications which have complied with the terms and

prosperity for the p

ople of the

conditions of the SPP.

Roper and other regions where we

operate.

FAST FACTS

The SPP opened at 9.00am (Adelaide time) on Friday, 11 October
2013 and closed at 5.00pm (Adelaide time) on Monday, 4 November
2013.

ASX Code

Issued Shares

WDR

441m

The proceeds will be
used to replace funding previously to be

Market Cap

A$315M

provided by way of a revolving credit facility from Noble Resources
International Pte Ltd, and will be used to fund the development and

DIRECTORS

construction
of the Roper Bar iron ore project and
associated

Rick Allert

Norm Gardner

Chair an

MD

infrastructure, as well mining operations.
as provide
working
capital to
commence

Graham Bubner

Director

Philli

Lockyer

Director

The issue price for shares issued under the SPP is $0.65 per share.

Scott Perrin

Director

The issue price represented a discount of 12.75% to
the closing
price of shares of $0.745 on 18 September 2013. Under the SPP,

COM

ANY HIGHLI

HTS

29,893,094
new shares will be
issued to
participating eligible

Iron re

Roper Bar & Mountain Creek projects (NT)

Hematitic iron ore

shareholders.
Holding statements detailing the allocation of new shares under the
SPP are expected to be dispatched by no latter than 14 November

Total Inferred, In

icated &

Measured Mineral Resource

2013 by the
Company's share registry, Computersha e Investor

estimates of 611Mt @ 40% Fe

Services Pty Limited, and normal trading of the shares issued under

including DSO grade of 47.4Mt

@ 57.3% Fe

the SPP is
expected
to commence on
12 November 2013.

Low impurities

Application forms received from shareholders in relation to the SPP

Mine development underway

were reviewed and,
in certain
limited
circumstances, some

Proximity to coast and markets

applications were reject
d if they were non-compliant with the terms
and conditions of the
SPP. Accordingly, shareholders
who have

Gold / Copper

East Rover Project near Tennant

participated
in the SPP
are advised to await receipt
of holding

Creek (NT)

statements prior to dealing in any shares applied for under the SPP.

CONTACT DETAILS

The Directors of WDR
are particularly pleas ed with th
response

Level 1, 26 Greenhill Rd

and show of
support of the Company by existing shareholders. In

WAYVILLE, SA, 5034

T: +61 8 8177 8800

[email protected]
the circumstances the Company has elected to accept subscriptions
over the initial $15 million in accordance with its right to do so under clause 12(a) of the SPP terms and conditions.

ABN: 48 122 301 848

About Western Desert Resources

Western Desert Resources is an ASX-listed iron ore development company focused on bringing its

100% independently owned flagship asset, the Roper Bar iron ore project into production by 4QCY13. Western Desert Resources aims to be the leading low-cost iron ore producer in Northern Australia. In addition to its flagship Roper Bar iron ore project, Western Desert Resources has a portfolio of quality assets including gold and base metal projects.

For more information contact: Laurie Ackroyd

Company Secretary T: + 61 8 8177 8800


Page 2

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