FERRUM CRESCENT LIMITED - Placing to raise approximately 550,000 gross

Placing to raise approximately £550,000 gross

FERRUM CRESCENT LIMITED
(Incorporated and registered in Australia and registered as an external company in the Republic of South Africa)
(Registration number A.C.N. 097 532 137)
(External company registration number 2011/116305/10)
Share code on the ASX: FCR
Share code on AIM: FCR
Share code on the JSE: FCR
Australian ISIN: AU000000WRL8
South African ISIN: AU000000FCR2


12 December 2016
                                  Ferrum Crescent Limited
           (“Ferrum Crescent”, the “Company” or the “Group”)(ASX, AIM, JSE: FCR)

                       Placing to raise approximately £550,000 gross

Ferrum Crescent, the ASX, AIM and JSE quoted metals project developer, is pleased
to announce that it has conditionally raised approximately £550,000 before expenses,
through a placement via Beaufort Securities Limited (“Beaufort Securities”) as agent of the
Company, of 275,218,025 new ordinary shares of no par value each in the capital of the
Company (the “Placing Shares”) at a price of 0.2 pence per new ordinary share (the
“Placing”).

The Placing is conditional on admission of the Placing Shares to trading on AIM
(“Admission”). Following Admission, the Placing Shares will represent, in aggregate,
approximately 13 per cent. of the Company's enlarged issued ordinary share capital.
Shareholder approval is not required as the share issues fall within the Company’s
placement capacity under ASX Listing Rule 7.1.


Use of Proceeds

The Company intends to utilise the net proceeds from the Placing for the Group’s general
working capital purposes and expenditure on its two principal metals projects:

*    Moonlight iron ore project, South Africa:
-    Supporting the Mining Right licence obligations and progressing development pathways.


*    Toral lead-zinc project, Spain (acquired 2016, major reinterpretation of data
     package underway):
-    Continuation of field-work (mapping, sampling, re-logging core) and finalisation of drill
     plan
-    Phase 1 drill programme
-    Petrographic studies (for metallurgical characterisation) of mineralisation

Application to trading on AIM
Application will be made for quotation of the Placing Shares on the Australian Securities
Exchange and the JSE Limited, and to the London Stock Exchange plc for Admission. It is
expected that Admission will become effective and that dealings in the Placing
Shares will commence on AIM at 8.00 a.m. on 23 December 2016. The Placing
Shares will be fully paid and will rank pari passu in all respects with the Company's existing
ordinary shares.

Following Admission, the total issued ordinary share capital of the Company will comprise
2,144,620,178 ordinary shares.

The Placing Shares have been conditionally placed by Beaufort Securities, as agent of the
Company, with certain existing and new institutional and other investors pursuant to a
placing agreement (the “Placing Agreement”). Under the terms of the Placing Agreement,
Beaufort Securities will receive commission from the Company conditional on Admission of
the Placing Shares and the Company will give customary warranties and undertakings to
Beaufort Securities in relation, inter alia, to its business and the performance of its duties. In
addition, the Company had agreed to indemnify Beaufort Securities in relation to certain
liabilities that it may incur in undertaking the Placing. Beaufort Securities has the right to
terminate the Placing Agreement in certain circumstances prior to Admission, in particular in
the event that there has been, inter alia, a material breach of any warranties. The Placing is
not being underwritten.

Commenting today, Justin Tooth, Executive Chairman of Ferrum Crescent, said:
“With the encouraging and valued support of our shareholders, this oversubscribed
placement allows us to progress our strategy and our metals portfolio swiftly and therefore
cost effectively. I look forward to updating the market in due course on our iron ore and
lead-zinc projects.”


For further information on the Company, please visit www.ferrumcrescent.com or contact:

Ferrum Crescent Limited
Justin Tooth, Executive Chairman
Grant Button, Director and Company Secretary           T: +61 8 9474 2995

UK enquiries:
Laurence Read (UK representative)                      T: +44 7557 672 432

Strand Hanson Limited (Nominated Adviser)
Rory Murphy/Matthew Chandler                           T: +44 20 7409 3494

Beaufort Securities Limited (Broker)
Elliot Hance                                           T: +44 20 7382 8300

Bravura Capital (Pty) Ltd (JSE Sponsor)
Doné Hattingh                                          T: +27 11 459 5037

The information contained within this announcement is deemed by the Company to constitute inside
information as stipulated under the Market Abuse Regulation (EU) No. 596/2014.

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