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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 30/11/17

1 year TSR5 year TSR
127thNorwest Energy101%-44%
271stBreaker Resources32%9%
411thVenus Metals Corporation7%-6%
743rdHeron Resources-51%-20%
727 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

02/10/17
$15k Bought
07/09/17
$15k Bought
07/09/17
$30k Bought
Total value as at the date of the transaction
Source: Morningstar

Revenue

221st↑Venus Metals Corporation$140k
222nd-Heron Resources$140k
224th↓Norwest Energy$140k
225th↓Breaker Resources$138k
491 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Heron Resources

188thWayne Taylor$590k
350thCharlie Kempson$377k
593rdSimon Smith$237k
Ranked by total remuneration from all listed WA companies

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