Announcement PDF ASX Announcement 22 December 2016 ____________________________________________________________________________________ PARKWAY MINERALS ANNOUNCES COMPLETION COMPANY DETAILS OF CAPITAL RAISING FOR DAVENPORT RESOURCES ABN: 62 147 346 334 PRINCIPAL AND REGISTERED OFFICE Parkway Minerals NL Level 1 675 Murray St West Perth WA 6005 HIGHLIGHTS: • • • Davenport Resources raises $5 M Anticipated listing date 10 January 2017 Work programmes to commence immediately on listing POSTAL ADDRESS PO Box 1088 West Perth WA 6872 Fertilser developer, Parkway Minerals NL (ASX:PWN) (the Company) is pleased to announce that the capital raising step of the Davenport Resouces (DAV) IPO has been completed. W www.parkwayminerals.com.au As announced to the ASX on 8 December 2016, the IPO process recommenced in early December. $5 M has been received and the offer was closed on 22 E info@parkwayminerals.com.au Subscriptions to the value of December 2016. Davenport will now move to the next stages in the process, as outlined in the P +61 8 9479 5386 supplementary prospectus released on 2 December 2016, which is: F +61 8 9475 0847 ASX CODE PWN FRANKFURT CODE A1JH27 OTC PINK CODE PWNNY CORPORATE INFORMATION (22 December2016) 350M Ordinary shares 123M Partly paid shares 18M Listed Options 6M Unlisted options BOARD OF DIRECTORS Adrian Griffin (Non-Executive Chairman) Patrick McManus (Managing Director) Chew Wai Chuen (Non-Executive Director) Natalia Streltsova (Non-Executive Director) • • • Allotment of shares: Dispatch of holding statements: ASX listing, subject to ASX approval: 30 December 2016 3 January 2017 10 January 2017 Parkway Minerals Managing Director Patrick McManus commented ”Davenport will be focused on the significant opportunity presented by the Küllstedt and Gråfentonna Exploration Licences in the long-established South Harz potash field in Thuringen, Central Germany. We will be commencing work on key programmes, immediately upon listing. These will include: • • Evaluation of substantial amount of historical exploration data on the Gråfentonna licence, expected to take 3 months, and Drilling on identified targets on the Küllstedt license, Expected to commence in the second quarter of 2017 and take approximately six months. “Led by Chris Bain, Managing Director, based in Melbourne and Jason Wilkinson, Project Director based in Europe we have a team with deep experience in potash exploration and development and financial markets. We look forward to results from the work programmes”. Parkway Minerals will own 19.2 million shares of DAV , post-listing (26 % of the company). Parkway Minerals NL: Davenport Update December 2016 For further details please contact: Parkway Minerals NL: Patrick McManus Managing Director Mob:+61 408 956 798 Email:patrick.mcmanus@parkwayminerals.com.au Web: www.parkwayminerals.com.au About Parkway Minerals Parkway Minerals (ASX:PWN) is an exploration company focused on developing large greensand deposits in West Australia’s Perth Basin. The Company aims to define a substantial resource base and investigate how best to recover phosphate, potash and other minerals from the Dandaragan Trough. 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 over 2,082km2. Previous exploration indicates glauconite sediments are widespread for more than 150km along strike and 30km in width. Current JORC compliant Indicated Mineral Resources stand at 250Mt at 2.9% P2O5 of phosphate mineralisation and 175Mt at 4.2% K2O, amenable to processing by the K-Max process (ASX release:3 June 2015). A pre-feasibility study is in progress for stage 1, production of phosphate fertilisers. The Company has 55% of a potash exploration project in the South Harz region of Thuringia, in Central Germany. The region has been a potash producing area for over 100 years.