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Segue Resources Limited - Institutional Placement Completed

February 4, 2014

ENP Newswire - 04 February 2014 Release date- 03022014 - Segue Resources Limited is pleased to announce that it has completed a placement to Australian institutional and sophisticated investors to raise a total of $900,000 by the issue of 150,000,000 ordinary shares at $0.006 per share together with a 1 for 2 attaching option exercisable at $0.018 per share on before the date that is two years from the date of issue. The Placement was made to institutional investors including specialist microcap resources investment manager, Acorn Capital Limited , which will own approximately 8.1% of the issued capital of Segue. The proceeds from the Placement will be used to fund the current exploration at the Plumridge Nickel Project in the Fraser Range Province of Western Australia . For more information, please refer to the announcement 'Ground EM Survey Commenced at Plumridge Nickel Project ' released on 29 January 2014 . The Placement was made utilising the Company's existing placement capacity under ASX Listing Rules 7.1 and 7.1A. Information required under ASX Listing Rule 3.10.5A Segue provides the information as required under ASX Listing Rule 3.10.5A as follows: Dilution to existing shareholders as a result of the issue made under 7.1A: The percentage of the existing issued capital represented by the Placement made under 7.1A is 9.20%. The percentage of the post-Placement issued capital held by the pre-placement security holders is 87.24%. No existing shareholders participated in the Placement made under Listing Rule 7.1A. Segue issued the Placement shares to institutional and sophisticated investors as it was considered to be a more efficient and expedient method for raising the funds to achieve the Company's objectives. No underwriting arrangements were in place for the Placement and no fees were paid. Confirmation under section 708(5)(e) of the Corporations Act (Act) The Company hereby notifies ASX under section 708A(5)(e) of the Act that: 1. The Shares were issued without disclosure to investors under Part 6D.2 of the Act; 2. As at the date of this notice, the Company has complied with the provisions of Chapter 2M of the Act as they apply to the Company; 3. As at the date of this notice, the Company has complied with section 674 of the Act and 4. As at the date of this notice, there is no information: That has been excluded from a continuous disclosure notice in accordance with the ASX Listing Rules; That investors and their professional advisers would reasonably require for the purpose of making an informed assessment of: The assets and liabilities, financial position and performance, profits and losses and prospects of the Company or The rights and liabilities attaching to the Shares. For further information visit Contact: Mr. Steven Michael Managing Director Segue Resources Limited Tel: +61 8 9486 4699 Email:

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Source: ENP Newswire

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