tinerant Resources will partner with a gold exploration/production company. The real interest in the Montezuma licence lies not in what has been done but what has not been done. It seems that systematic exploration has hardly begun with over 1,000 ha unexplored. Itinerant Resources _ Gold and Mineral Explorer focused on Zimbabwe

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Open Offer at 5p per ordinary share of 1p each

Itinerant Resources Plc announces an Open Offer at 5p per ordinary share aiming to raise £100,000 to strengthen its balance sheet and enhance its mineral assets…

The Board announced on 14th August 2012 an Open Offer of up to 2,000,000 ordinary shares of 1p each at an issue price of 5p per new ordinary share. A letter from the Chairman to Shareholders giving the background to and reasons for the fund raise has been sent together with an Application Form. The Open Offer is conditional, inter alia, on the passing of the resolutions tabled at the General Meeting called for 30th August 2012. The Open Offer is not a Rights Issue.

The Offer is expected to raise £100,000 to deal with trading liabilities, complete a technical review including a new Competent Person’s Report of the Montezuma property and to provide working capital. Montezuma already has a 536,000 ozs Au JORC inferred resource with 1.8ml ozs Au estimated in a speculative resource. The latest review will strengthen key findings and conclusions and update the resource definition plan and budget (previously set in 2007).

The Directors unanimously believe that additional funds must be raised and the Open Offer is in the best interests of the Company and its shareholders as a whole. They recommend that shareholders subscribe for new ordinary shares by the closing date of 21st September 2012. The completed Application Form and payment in Sterling should be sent to:

Mr. Peter Walsh,
Company Secretary,
Itinerant Resources Plc,
34 North Frederick Street,

Electronic payment can be made directly to the Company’s bank account at Bank of Ireland, Dublin, Ireland. Please contact the Company Secretary for further details on:

Telephone No: 

+ 353 1 872 6871

+ 353 1 873 2845

Fax No:  + 353 1 873 0669
Mobile No:    + 353 87 663 4409
Email:   prjwalsh@gmail.com