Equity fundraising and appointment of Broker

8 September 2017

Ferrum Crescent Limited

("FCR", the "Company" or the "Group")(ASX, AIM,JSE: FCR)

Equity fundraising of £193,304 gross

and appointment of Broker

FCR, the lead-zinc exploration company, is pleased to announce that it has conditionally raised, in aggregate, £193,304 before expenses, through a placement, via Peterhouse Corporate Finance Limited ("Peterhouse"), as agent of the Company, of 214,782,526 new ordinary shares of no par value each in the capital of the Company (the "Placing Shares") (the "Placing") at an issue price of 0.09 pence per new ordinary share. 

The Placing is conditional on admission of the Placing Shares to trading on AIM ("Admission"). The Placing Shares will be issued without shareholder approval utilising the Company's existing placement capacity under ASX Listing Rule 7.1A and, following Admission, will represent, in aggregate, approximately 8.00 per cent. of the Company's enlarged issued share capital. The Placing was oversubscribed.

Application to trading

Application will be made for quotation of the Placing Shares on the Australian Securities Exchange and the JSE Limited, and to the London Stock Exchange plc for Admission. It is expected that Admission of the Placing Shares will become effective and that dealings in the Placing Shares will commence on AIM at 8.00 a.m. on 14 September 2017.

The Placing Shares will be fully paid and will rank pari passu in all respects with the Company's existing ordinary shares. Following Admission, the total issued ordinary share capital of the Company will comprise 2,684,781,581 ordinary shares.

Use of Proceeds

The Company intends to utilise the net proceeds from the Placing to undertake additional exploration and evaluation activities at the Toral and Lago lead-zinc exploration projects in Spain and for general working capital purposes.

In addition, the Company is pleased to announce that it has appointed Peterhouse as a Broker with immediate effect.

For further information on the Company, please visit www.ferrumcrescent.com or contact:

Ferrum Crescent Limited

Justin Tooth, Executive Chairman

Grant Button, Director and 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

Peterhouse Corporate Finance Limited (Broker)

Lucy Williams / Duncan Vasey / Heena Karani

T: +44 (0)20 7469 0930

Beaufort Securities Limited (Broker)

Elliot Hance

T: +44 (0)20 7382 8300

Bravura Capital (Pty) Ltd (JSE Sponsor)

Melanie De NysschenT (direct): +27 11 459 5052

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014.