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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 29/09/17

1 year TSR5 year TSR
62ndFlinders Mines162%-6%
340thEquatorial Resources3%-28%
591stGeopacific Resources-34%-28%
711thHeron Resources-54%-14%
719 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

223rd↓Heron Resources$140k
402nd↓Equatorial Resources$0
403rd-Flinders Mines$0
407th↑Kalia$0
409th↓Geopacific Resources$0
489 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Heron Resources

196thWayne Taylor$590k
366thCharlie Kempson$377k
617thSimon Smith$237k
Ranked by total remuneration from all listed WA companies

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