VOLT SHARE PURCHASE PLAN OFFER

As announced on 22 July 2019, Tanzanian-focused flake graphite development company Volt Resources Limited (ASX: VRC) (Volt or the Company) is pleased to offer its existing eligible shareholders the opportunity to participate in Volt’s Share Purchase Plan (SPP or Plan).

A copy of the Volt Share Purchase Plan offer booklet has been dispatched to all eligible shareholders today. The SPP will be underwritten to $1.1 million by Patersons Securities Limited (Patersons) which is acting as Lead Manager and Underwriter to the SPP.

Under the Plan, eligible shareholders may apply to purchase up to $15,000 worth of new fully paid ordinary shares in the Company (New Shares) without paying brokerage or other transaction costs. Participation in the Plan is open to all holders of Volt shares as at 5.00pm (AWST) on Friday 19 July 2019 (Record Date) with a registered address in Australia or New Zealand (Eligible Shareholder).

The New Shares will be issued at a 20% discount to the volume weighted average price traded on the ASX during the 5 days immediately prior to the issue date of the New Shares. Under the Plan, Eligible Shareholders will be able to purchase parcels of New Shares valued at $1,000, $2,500, $5,000, $7,500, $10,000 or $15,000.

New shares under the SPP will rank equally with existing Volt shares. The Directors of the Company who are Eligible Shareholders on the Record Date intend to participate in the SPP. Full details and the terms and conditions of the SPP are included in the Share Purchase Plan offer document attached to this announcement.

The SPP indicative timetable is below and the Company may, at its discretion, vary any of the above dates (other than the Record Date) by making an announcement to ASX:

For and on behalf of Volt Resources Limited

Trevor Matthews
Chief Executive Officer

FOR PERSONAL USE ONLY
For further information please contact:

Trevor Matthews – Chief Executive Officer
Tel: +61 8 9486 7788