Last checked at 12 May 2016 14:15
12 May 2016
Ferrum Crescent Limited
("Ferrum Crescent", the "Company" or the "Group")(ASX: FCR, AIM: FCR, JSE: FCR)
Share Price Movement
The Board of Ferrum Crescent, the ASX, AIM and JSE quoted metals project developer, notes the recent rise in the Company's share price and trading volumes and advises the market that it knows of no specific reason for such significant movements.
As set out in the Company's Quarterly Activities and Cashflow Report announced on 29 April 2016, the Company has undertaken a strategic realignment and refocusing of both its operations and Board composition, which has most recently led to the completion of a successful £650,000 (gross) equity fundraising as announced on 27 April 2016. The Company confirms that the new ordinary shares in respect of this fundraising were admitted to trading on AIM today and the receipt of such additional monies leave the Company well positioned to continue to pursue its refined strategy to realise value from its flagship Moonlight Iron ore project in South Africa and proceed in due course to exercise its option over GoldQuest Iberica, S.L. which owns interests in two promising lead-zinc projects in Northern Spain.
Further updates in respect of the Company's progress in meeting its key strategic objectives will be provided as and when appropriate in due course.
For further information on the Company, please visit www.ferrumcrescent.com or contact:
Ferrum Crescent Limited
Justin Tooth, Executive Chairman
Grant Button, Company Secretary
T: +61 8 9474 2995
UK enquiries:
Laurence Read (UK representative)
T: +44 7557 672 432
Strand Hanson Limited (Nominated Adviser)
Rory Murphy/Matthew Chandler
T: +44 (0)20 7409 3494
Beaufort Securities Limited (Broker)
Elliot Hance
T: +44 (0)20 7382 8300
Bravura Capital (Pty) Ltd (JSE Sponsor)
Doné HattinghT (direct): +27 11 459 5037