FERRUM CRESCENT LIMITED - Equity fundraising of GBP193,304 gross and appointment of Broker

Equity fundraising of GBP193,304 gross and appointment of Broker

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

8 September 2017

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

                       Equity fundraising of GBP193,304 gross
                           and appointment of Broker

FCR, the lead-zinc exploration company, is pleased to announce that it has
conditionally raised, in aggregate, GBP193,304 before expenses, through a placement,
via Peterhouse Corporate Finance Limited (“Peterhouse”), as agent of the Company,
of 214,782,526 new ordinary shares of no par value each in the capital of the Company
(the “Placing Shares”) (the “Placing”) at an issue price of 0.09 pence per new
ordinary share.

The Placing is conditional on admission of the Placing Shares to trading on AIM
(“Admission”). The Placing Shares will be issued without shareholder approval
utilising the Company's existing placement capacity under ASX Listing Rule 7.1A and,
following Admission, will represent, in aggregate, approximately 8.00 per cent. of the
Company’s enlarged issued share capital. The Placing was oversubscribed.

Application to trading
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 of the Placing Shares will become effective
and that dealings in the Placing Shares will commence on AIM at 8.00 a.m. on 14
September 2017.

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 2,684,781,581 ordinary shares.

Use of Proceeds
The Company intends to utilise the net proceeds from the Placing to undertake
additional exploration and evaluation activities at the Toral and Lago lead-zinc
exploration projects in Spain and for general working capital purposes.
In addition, the Company is pleased to announce that it has appointed Peterhouse as
a Broker with immediate effect.

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 (0)20 7409 3494

Peterhouse Corporate Finance Limited (Broker)
Lucy Williams / Duncan Vasey / Heena Karani
T: +44 (0)20 7469 0930

Beaufort Securities Limited (Broker)
Elliot Hance
T: +44 (0)20 7382 8300

Bravura Capital (Pty) Ltd (JSE Sponsor)
Melanie De Nysschen
T (direct): +27 11 459 5052

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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