"The Company completed a 1 for 1 Rights Issue which closed on...

"The Company completed a 1 for 1 Rights Issue which closed on 8th December 2016 and which was
partially underwritten by Paterson Securities. The company raised a total of $0.89Million from the issue
and successfully placed the shortfall immediately following the end of the quarter The monies raised by
the company is proposed to fund the initial exploration of the Cosmo Newberry project, on‐going
exploration of the Halls Creek Joint Venture and to provide working capital for the company."