Manager of Company Announcements
ASX Limited
Level 8 Exchange Plaza
2 The Esplanade
PERTH WA 6000
By E-Lodgement
Completion of Option Exercise and Underwriting
Red Emperor Resources NL (ASX: RMP | AIM: RMP) is pleased to announce that the Company has completed the issue of 7,500,000 fully paid ordinary shares to raise gross proceeds of $2,250,000. The new shares relate to unlisted options exercisable at 30c which expired on 30 June 2012.
An Appendix 3B is attached.
Funds raised from expiring options will be used for expenditure on its Projects and general working capital.
For and on behalf of the Board
Greg Bandy
Executive Director
Background
Red Emperor Resources NL (ASX: RMP | AIM: RMP) is a natural resources exploration company with interests in the frontier state of Puntland, Somalia and the Republic of Georgia.