Heron Resources Limited (“Heron” or “Company”)
advises that Ardea has lodged a prospectus (“Prospectus”) with the
Australian Securities and Investments Commission on 9 November 2016
for a proposed initial public offer of up to 30 million fully paid
shares at an issue price of $0.20 each including a priority offer
to Existing Heron Shareholders to raise up to $6 million before
cost (“Public Offer”) and an offer of 12,445,028 options to Heron,
the lead manager and the corporate adviser.
The prospectus also includes an offer made by Heron for the sale
of up to 5.4 million shares under a Sale Facility (as that term is
defined in the Prospectus). Details of the Sale Facility were set
out in the Company’s ASX announcement on 29 September 2016.
All Existing Heron Shareholders (being Heron shareholders with a
registered address in Australia or New Zealand) as at 9 November
2016 will be sent a copy of the Prospectus together with a
personalised blue priority application form after the exposure
period.
A copy of the prospectus is available at
www.ardearesources.com.au and on SEDAR www.SEDAR.com . Anyone
considering investing should read the prospectus in its entirety
before deciding whether to do so. Applications can only be made via
the application form which is in or accompanies the Prospectus.
Please contact Ardea’s company secretary on +61 8 6500 9200 to
request a copy of the prospectus.
About Heron Resources Limited:
Heron is engaged in the exploration and development of base and
precious metal deposits in Australia. Heron’s projects
include the high-grade Woodlawn Zinc-Copper Project located 250km
southwest of Sydney, New South Wales, and the Kalgoorlie Nickel
Project located north of Kalgoorlie, Western Australia. In
addition the Company holds a number of other high quality
exploration properties located in the Lachlan Fold Belt, New South
Wales.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING
INFORMATION
This news release contains forward-looking statements and
forward-looking information within the meaning of applicable
Australian and Canadian securities laws, which are based on
expectations, estimates and projections as of the date of this news
release. This forward-looking information includes, or may be based
upon, without limitation, estimates, forecasts and statements as to
management’s expectations with respect to, among other things, the
timing and ability to complete the Ardea spin-off, the timing and
amount of funding required to execute the Company’s exploration,
development and business plans, capital and exploration
expenditures, the effect on the Company of any changes to existing
legislation or policy, government regulation of mining operations,
the length of time required to obtain permits, certifications and
approvals, the success of exploration, development and mining
activities, the geology of the Company’s properties, environmental
risks, the availability of labour, the focus of the Company in the
future, demand and market outlook for precious metals and the
prices thereof, progress in development of mineral properties, the
Company’s ability to raise funding privately or on a public market
in the future, the Company’s future growth, results of operations,
performance, and business prospects and opportunities. Wherever
possible, words such as “anticipate”, “believe”, “expect”,
“intend”, “may” and similar expressions have been used to identify
such forward-looking information. Forward-looking information is
based on the opinions and estimates of management at the date the
information is given, and on information available to management at
such time. Forward-looking information involves significant risks,
uncertainties, assumptions and other factors that could cause
actual results, performance or achievements to differ materially
from the results discussed or implied in the forward-looking
information. These factors, including, but not limited to, the
ability to complete the Ardea spin-off on the basis of the proposed
terms and timing or at all, the ability to complete the Woodlawn
Zinc-Copper Project Feasibility Study on time or at all, and
whether the feasibility study is positive and otherwise consistent
with the business plans of the Company, fluctuations in currency
markets, fluctuations in commodity prices, the ability of the
Company to access sufficient capital on favourable terms or at all,
changes in national and local government legislation, taxation,
controls, regulations, political or economic developments in
Canada, Australia or other countries in which the Company does
business or may carry on business in the future, operational or
technical difficulties in connection with exploration or
development activities, employee relations, the speculative nature
of mineral exploration and development, obtaining necessary
licenses and permits, diminishing quantities and grades of mineral
reserves, contests over title to properties, especially title to
undeveloped properties, the inherent risks involved in the
exploration and development of mineral properties, the
uncertainties involved in interpreting drill results and other
geological data, environmental hazards, industrial accidents,
unusual or unexpected formations, pressures, cave-ins and flooding,
limitations of insurance coverage and the possibility of project
cost overruns or unanticipated costs and expenses, and should be
considered carefully. Many of these uncertainties and contingencies
can affect the Company’s actual results and could cause actual
results to differ materially from those expressed or implied in any
forward-looking statements made by, or on behalf of, the Company.
Prospective investors should not place undue reliance on any
forward-looking information.
Although the forward-looking information contained in this news
release is based upon what management believes, or believed at the
time, to be reasonable assumptions, the Company cannot assure
prospective purchasers that actual results will be consistent with
such forward-looking information, as there may be other factors
that cause results not to be as anticipated, estimated or intended,
and neither the Company nor any other person assumes responsibility
for the accuracy and completeness of any such forward-looking
information. The Company does not undertake, and assumes no
obligation, to update or revise any such forward-looking statements
or forward-looking information contained herein to reflect new
events or circumstances, except as may be required by law.
No stock exchange, regulation services provider,
securities commission or other regulatory authority has approved or
disapproved the information contained in this news
release.
For further information, please visit www.heronresources.com.au or contact:
Australia:
Mr Wayne Taylor
Managing Director and Chief Executive Officer
Tel: +61 2 9119 8111 or +61 8 6500 9200
Email: heron@heronresources.com.au
Canada:
Tel: +1 905 727 8688 (Toronto