Reward Minerals

A$4.5m Share Placement

May 2011

On 21 April 2011, Reward announced it had raised A$4.5 million through a share placement of 5 million shares at A$0.90 per share to institutional and sophisticated investors.

Net funds raised pursuant to the placement were used to provide working capital during its negotiations to seek a binding land access agreement from the Martu Traditional Owners for the development of Lake Disappointment.

Azure was appointed corporate adviser and lead manager to the placement.