VENTUREX RESOURCES LIMITED (VXR)

name changed to Develop Global Limited

The suspension of trading in the securities of Venturex Resources Limited will be lifted immediately following the release by VXR of an announcement regarding an equity funding arrangement.

The company releases a notice of Proposed issue of Securities - VXR.

Highly regarded mining executive Bill Beament will lead a recapitalisation of Venturex designed to set up the Company for growth as a supplier of newgeneration energy and technology materials. Mr Beament will subscribe for $8.9M in shares in a placement at 8c with a one for-two attaching option exercisable at 13.5c with a two-year expiry date. The placement will also include a $5.1M allocation to institutional and professional investors on the same terms. A one-for-seven underwritten Entitlement Offer will be offered to existing shareholders to raise $4.4M on the same terms. The entire Placement and attaching options are subject to shareholder approval. Following completion of the Placement and the Entitlement Offer, Mr Beament is expected to emerge with voting power in Venturex of approximately 26.2% (comprising Mr Beament's expected holding of 18.1%, his deemed interest in the expected 3.1% holding of Precision Opportunities Fund Ltd and the expected 5% interest of his associates). Mr Beament will be appointed as an Executive Director from July 1, 2021. Until then, he has entered into a part-time consulting arrangement with Venturex beginning immediately, and will be granted 140M incentive options exercisable at 15c. The total value of the funding package, assuming all options (including incentive options) are ultimately exercised, is ~$58m, of this Mr Beament's share is ~$37.3m.

The company requests that the suspension remain in place until the earlier of: the release of an announcement by the company about the outcome of the proposal; or the commencement of trading on 24 February 2021.

The securities of Venturex Resources Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of VXR, pending the release of an announcement regarding an equity funding proposal.

we understand that on or about this date the company consolidated its shares 1 for 15

The suspension of trading in the securities of Venturex Resources Limited will be lifted immediately following the release of an announcement regarding the capital raising.

The company has executed a mandate with Euroz Securities Limited to undertake and manage a $5 million funding package to accelerate the evaluation and potential development of its advanced copper-zinc assets in WA's Pilbara region. The proposed funding package comprises a $1 million share placement, for which commitments have been received, and a $4 million entitlements issue. The entitlements issue will be undertaken on a 2-for-5 basis at the same price as the placement. Shares taken under the placement will not participate in the entitlement issue.

The securities of Venturex Resources Limited (the "Company") will be suspended from official quotation from the commencement of trading today, Monday, 25 July 2016.

securities reinstated to quotation

securities suspended from quotation pending an announcement

the suspension of trading in the securities of Venturex Resources Limited (the "Company") will be lifted immediately following receipt of an announcement by the Company

securities suspended from quotation pending an announcement about a capital raising

securities reinstated to quotation

securities suspended from quotation pending an announcement

name changed from Jutt Holdings Limited