Announcement PDF ASX Announcement 25 June 2015 _____________________________________________________________________________________ COMPLETION OF $1,800,000 PLACEMENT COMPANY DETAILS ABN: 62 147 346 334 • PRINCIPAL AND REGISTERED OFFICE Potash West NL Suite 3 23 Belgravia Street Belmont WA 6104 POSTAL ADDRESS PO Box 588 Belmont WA 6984 W www.potashwest.com.au E info@potashwest.com.au P +61 8 9479 5386 • Placement completed at 4.0c, for a share plus ½ a 7c option, raising $1,800,000 before costs. Funds to be applied to advancing the Dinner Hill Phosphate project. The Company is pleased to advise that it has successfully finalised a capital raising via our Lead Manager, Calibre Investments. The Company initially sought to raise $1.5 million but was pleased that the issue was significantly oversubscribed with firm commitments to raise $1.8 million before costs. The Company is pleased to welcome a number of institutional investors onto the Company’s register and Managing Director, Pat McManus, commented “we are very pleased with the support received for this capital raising, particularly in what are challenging times for the junior resource sector. We will now look to accelerate the progress on our Dinner Hill phosphate project in the Dandaragan Trough north of Perth, Western Australia.” F +61 8 9475 0847 ASX CODE PWN FRANKFURT CODE A1JH27 OTC PINK CODE PWNNY Under the placement the Company will issue 45 million fully paid ordinary shares to new and existing shareholders who qualify under section 708 of the Corporations Act. In addition 22.5 million options, with a three year life and a 7c exercise price will be issued, subject to shareholder approval. The placement is made subsequent the Company’s available 15% capacity as defined under ASX listing rule 7.1, and its 10% capacity as defined under ASX listing rule7.1A. CORPORATE INFORMATION (25 June 2015) Proceeds of the placement will be directed to ongoing project development activities at its world-class Dandaragan Trough projects, close to Perth in Western Australia. 201M Ordinary shares 36M Partly paid shares 5M Unlisted options For further information, please contact: BOARD OF DIRECTORS Adrian Griffin (Non-Executive Chairman) Patrick McManus (Managing Director) Chew Wai Chuen (Non-Executive Director) Gary Johnson (Non-Executive Director) Potash West NL Patrick McManus Managing Director Tel: +61 (08) 9479 5386 info@potashwest.com.au Web: www.potashwest.com.au Calibre Investments Ben Faulkner Tel:+61 (0) 3 8640 5506 Media: Professional Public Relations Colin Hay Tel: +61 (08) 9388 0944 About Potash West Potash West (ASX: PWN) is an exploration company focused on developing potassium-rich glauconite deposits in West Australia’s Perth Basin. The Company aims to define a substantial resource base and investigate how best to recover phosphate and potash from the mineral. The project is well situated in relation to infrastructure, with close access to rail, power and gas. A successful commercial outcome will allow the Company to become a major contributor to the potash and phosphate markets at a time of heightened regional demand. The Company has a major land holding over one of the world’s largest known glauconite deposits, with exploration licenses and applications covering an area of 2,600km2. Previous exploration indicates glauconite sediments are widespread for more than 150km along strike and 30km in width.