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Heron Resources Ltd

Publié le 16 novembre 2007

HERON COMPLETES SHARE PLACEMENT

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ASX Release – 16 November 2007

 

Heron Completes Share placement

 

 

Heron Resources Limited (ASX: HRR) is pleased to announce that agreement has been reached for the placement of 15,000,000 shares at $1.15 per share to BHP Billiton raising $17.25 million.Issue of 3,000,000 (Second Tranche) of the 15,000,000 shares will be subject to Foreign Investment Review Board (FIRB) approval. Issue of 12,000,000 of the placement shares (First Tranche) is not subject to FIRB approval and these shares will be issued as soon as funds are received.Upon completion of issue of the First Tranche, BHP Billiton’s shareholding in Heron will increase to 14.9% and upon completion of issue of the Second Tranche it will increase to 16.1% (assuming that no securities are issued prior to BHP Billiton being issued the Second Tranche).

The proceeds of the placement will be used for completion of the current Jump-up Dam Trial Mining and Demonstration project, undertaking the Jump-up Dam definitive feasibility study, nickel sulphide and laterite exploration along with general working capital.

Heron’s Managing Director, Mr Mathew Longworth, said “The continuing support of major shareholders is appreciated, providing funding to undertake the extensive study programs required to make decisions on the Jump-up Dam project and conducting regional exploration within Heron’s significant landholding.”

 

N. Mathew Longworth

Managing Director, Heron Resources Limited

 

 

For media inquiries, please contact:Paul Downie, Porter Novelli, 0414 947 129, (08) 9386 1233


Any enquiries at all, give our Public Relations Officer
Briony Robertson a call on (08) 9215 4444 or
email.

 

 

 

 

Corporate Disclaimer
All of the information including but not limited to, reports, tables, diagrams, maps, photographs and newspaper or journal articles, incorporated in the files and documents of the Heron Resources Limited (Heron) newsletter is supplied for the benefit of those with an interest in Heron and not as specific advice to any particular party or person.
Information supplied for inclusion in the newsletter is based on publicly available information, internally developed data and other sources. No independent verification of those sources has been undertaken and where any opinion is expressed in the newsletter it is based on the assumptions and limitations mentioned herein and is an expression of opinion only.
The information contained within the newsletter is supplied on the condition and understanding that Heron does not warrant the accuracy, currency or completeness of the documents and that before making use of or relying on the contained information, readers should take due care to satisfy themselves as to the accuracy and currency of the information and, where necessary or appropriate, seek expert advice..
Changes in circumstances after a document is placed on the Internet may impact on the accuracy of the information. Additionally, materials may be maliciously vandalised. No assurance is given as to the accuracy of any information or advice contained after publication on the Internet.
The newsletter is not and should not be construed as a prospectus or support to any capital raising activities, and the contents should not be used as a substitute for an independent and careful analysis of the contents of any such capital raising documents. You should seek independent advice from your financial adviser before making any decision to invest in Heron.
Each user waives and releases Heron, its officers, employees, contractors and agents to the full extent permitted by law from any and all claims relating to the usage of material or information made available through the newsletter. In no event shall Heron be liable for any incidental or consequential damages resulting from use of the material. Heron, its officers, employees, contractors and agents do not accept liability for any injury, loss or damage incurred by reliance on the information or any advice provided in the newsletter or incorporated into it by reference.

 

 


Heron Resources Limited
www.heronresources.com.au

Perth Office
Level 1, 37 Ord Street
West Perth WA 6005
PO Box 1380
West Perth WA 6872
Phone: +61 8 9215 4444
Fax: +61 8 9215 4490

Kalgoorlie Office
21 Close Way
Kalgoorlie WA 6430
PO Box 1280
Kalgoorlie WA 6433
Phone: +61 8 9091 9253
Fax: +61 8 9091 9256


This email is confidential and contains personal information. If you are not the intended recipient you must not disclose or use either the email, or any of the information contained in it. If you have received this email in error please notify Heron immediately by return email and delete the email and all attachments. Heron accepts no liability for any damage caused by this email or its attachments due to viruses, interference, interception, corruption or unauthorised access.

Heron Resources Ltd

EXPLORATEUR
CODE : HRR.AX
ISIN : AU000000HRR6
Suivi et investissement
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Heron Res. est une société développant des projet miniers de nickel et de cobalt basée en Australie.

Heron Res. détient divers projets d'exploration en Australie.

Ses principaux projets en exploration sont BIG FOUR HERON - GOONGARRIE, BIG FOUR - GOONGARRIE, SIBERIA NORTH, BULONG - MAIN, BULONG - EAST, HAMPTON (KNP PROJECT), BIG FOUR PLACER - GOONGARRIE, GOONGARRIE HILL - GOONGARRIE, GOONGARRIE SOUTH - GOONGARRIE, HIGHWAY - GOONGARRIE, SCOTIA - GOONGARRIE, JUMP-UP DAM, LAVERTON NICKEL et MT ZEPHYR en Australie.

Heron Res. est cotée en Australie. Sa capitalisation boursière aujourd'hui est 18,7 millions AU$ (13,5 millions US$, 12,6 millions €).

La valeur de son action a atteint son plus haut niveau récent le 13 avril 2007 à 1,47 AU$, et son plus bas niveau récent le 03 avril 2020 à 0,02 AU$.

Heron Res. possède 415 010 016 actions en circulation.

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