FERRUM CRESCENT LIMITED - Completion of Fundraising

Completion of Fundraising

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


14 September 2017

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

                                Completion of Fundraising

FCR, the lead-zinc exploration company, is pleased to announce that the placement, via
Peterhouse Corporate Finance Limited as AIM broker for the Company, of 214,782,526 fully
paid new ordinary shares at an issue price of 0.09 pence per share (the Placing Shares), as
announced on 8 September 2017 (the Placing), has now been completed. The Placing raised,
in aggregate, approximately GBP193,304 (before expenses).

The Placing Shares were issued to sophisticated and professional investors without
shareholder approval utilising the Company's existing placement capacity under ASX Listing
Rule 7.1A.

The net proceeds from the Placing will be used to undertake additional exploration and
evaluation activities at the Toral and Lago lead-zinc exploration projects in northwest Spain,
as well as for general working capital purposes.

An Appendix 3B and Cleansing Notice are attached.

Information required under ASX Listing Rule 3.10.5A

(a) Dilution to existing shareholders as a result of the Placing is as follows:

       Details                                                   Issued Shares    Dilution

       Number of shares on issue prior to the Placing            2,469,999,055    N/A

       Placing issue under ASX Listing Rule 7.1A                 214,782,526      8.00%

       Number of shares on issue following the Placing           2,684,781,581    N/A

   The securities issued under Listing Rule 7.1A have been issued to both existing and new
   security holders. The percentages of the post-Placing capital are as follows:

       -   89.95% held by pre-Placing security holders who did not participate in the Placing;

       -   6.19% held by pre-Placing security holders who did participate in the Placing;
       -   3.86% held by participants in the Placing who were not previously security holders.

(b) The Company issued 214,782,526 shares under ASX Listing Rule 7.1A as a placement
    which was considered to be the most efficient and expedient means by which to raise funds
    in the current circumstances. The Placing did not expose FCR to additional costs, a
    protracted process and market volatility that may have been experienced with a pro rata
    issue or other type of issue in which existing ordinary security holders would have been
    eligible to participate.

(c) A fee of up to 5% may be paid to brokers/advisers in connection with the Placing.


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.

Date: 14/09/2017 10:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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