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Heron's Woodlawn project

Heron receives up to $20m funding

Heron Resources has announced an equity funding package with London-based private equity fund Greenstone Resources of up to $20 million.

Under the terms of the agreement, Heron will make a private placement of shares to Greenstone at a price of 12.6 cents a share, to raise $6.8 million.

Heron says the placement price is a 22 per cent premium above the 30-day volume weighted price, and a 15 per cent premium above yesterday’s closing price.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 31/07/17

1 year TSR5 year TSR
99thEast Energy Resources76%-44%
396thOrion Minerals-6%-41%
452ndNewfield Resources-16%4%
585thCoal of Africa-38%-35%
676thHeron Resources-52%-11%
710 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

02/03/16
$32k Bought
06/01/16
$10k Bought
31/12/15
$4k Bought
Total value as at the date of the transaction
Source: Morningstar

Revenue

121st↑Heron Resources$1.3m
140th↑Orion Minerals$745k
141st↑East Energy Resources$740k
143rd↑Newfield Resources$696k
144th↓Coal of Africa$694k
492 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Heron Resources

199thWayne Taylor$590k
373rdCharlie Kempson$377k
632ndSimon Smith$237k
Ranked by total remuneration from all listed WA companies

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