FERRUM CRESCENT LIMITED - Withdrawal of Fund-Raising Resolution at the forthcoming General Meeting

Withdrawal of Fund-Raising Resolution at the forthcoming General Meeting

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


Ferrum Crescent Ltd                                                     5 October 2017



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

                                              Operational Review
              Withdrawal of Fund-Raising Resolution at the forthcoming General Meeting

FCR, the lead-zinc exploration company, announces that, following the resignation of the
Company’s Executive Chairman on 26 September 2017, the Board of FCR is in the process of
comprehensive operational review, focused on how best to derive value for FCR shareholders from
the Toral lead-zinc asset.

From initial work completed, the Board believes that it is possible its pursue a strategy to build
value at the Toral lead zinc asset for a cost lower than originally planned and, therefore, the full
A$2.7 million which the Board originally envisaged would be required to be raised in a placing, may
not be required. The results of the operational review will be announced in due course.

In light of these developments, the Board has decided that, at the general meeting convened for
18 October 2017 (the “General Meeting”), Resolution 1, seeking shareholder approval to raise up
to A$2.7 million by way of private placement, will be withdrawn.

On 15 September 2017, the Notice of General Meeting was lodged with the ASX and subsequently
dispatched to shareholders of FCR, to be held at 11.00 a.m. (Perth time) on Wednesday, 18 October
2017 at The Hovia Room, Metro Hotel Perth, 61 Canning Highway, South Perth, Western Australia
6151.

The withdrawal of Resolution 1 will not affect the validity of the proxy form attached to the Notice
of General Meeting or any proxy votes already submitted in respect of the remaining Resolution to
be put to shareholders for approval. Shareholders wishing to complete and lodge a proxy form at
the General Meeting do not need to indicate their voting instructions on Resolution 1.




    For further information on the Company, please visit www.ferrumcrescent.com or contact:
Ferrum Crescent Limited                                   Laurence Read (Executive Director)
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


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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