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Ramelius Resources Limited - Notice to holder of unquoted options regarding Non-renounceable Entitlement Issue

July 2, 2014

ENP Newswire - 02 July 2014

Release date- 01072014 - On 24 June 2014, Ramelius Resources Limited announced a Placement of Shares to sophisticated and professional investors and a one for four pro-rata non-renounceable entitlement issue to progress the Company's high grade gold projects.

Under the Entitlement Issue, Ramelius is seeking to raise approximately $6.5 million through the issue of up to 99,512,019 new fully paid ordinary shares in Ramelius ('New Shares') and one free option for every 2 New Shares subscribed for. The proceeds from the Entitlement Issue will primarily be used to advance the Kathleen Valley and Vivien high grade gold projects

Each shareholder eligible to participate will be entitled to subscribe for one New Share in the capital of Ramelius for every four existing ordinary shares ('Entitlement') registered in their name at 7.00 pmAdelaide time on Tuesday, 8 July 2014 ('Record Date') with one free option for every two New Shares subscribed for exercisable at 12 cents per share on or before 1 August 2015.

The New Shares will be issued at 6.5 cents per share, which is the same as the issue price under the Placement and represents a 34% discount to the last sale price of 9.9 cents recorded on the Australian Securities Exchange ('ASX') immediately prior to the date of the announcement of the Entitlement Issue.

In accordance with the terms of your unquoted employee options ('Options'), notice is hereby given that you are not eligible to participate in the Entitlement Issue except where Options have been exercised and shares allotted in respect of the Options before the Record Date. You should consult your investment or taxation advisor prior to any decision being made to exercise any Options.


Ramelius Resources Limited

4/148 Greenhill Road


South Australia 5063

Tel: +61 8 8271 1999

Fax: +61 8 8271 1988

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Source: ENP Newswire

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