Microsoft Word - MOD SPP -s708 Notice 13March15.docx ASX RELEASE 13 MARCH 2015 SECTION 708A NOTICE - SHARE PURCHASE PLAN


On 6 March 2015, MOD Resources Limited (ASX: MOD) (Company) announced an offer to certain eligible shareholders of the Company, who are registered shareholders of Company as at
5pm (WST) on 5 March 2015 and whose addresses are recorded in the Company's share register in
Australia or New Zealand, to apply for fully paid ordinary shares in the Company (New Shares) under a share purchase plan underwritten to $600,000 by Patersons Securities Limited (Offer). This notice is being released within the 24 hour period prior to the Offer being made.
The Offer will be made in accordance with ASIC Class Order 09/425 (Class Order). For the purposes of the Class Order, the Company states that:
a) the Offer is being made without disclosure to investors under Part 6D.2 of the Corporations Act
2001 (Cth) (Corporations Act);
b) this notice is being given in accordance with the Class Order;
c) as at the date of this notice, the Company has complied with:
(i) the provisions of Chapter 2M of the Corporations Act as they apply to the Company; and
(ii) section 674 of the Corporations Act; and
d) as at the date of this notice, there is no information that is excluded information within the meaning of subsections 708A(7) and 708A(8) of the Corporations Act, other than;
(i) as announced on 4 March 2015 (and prefaced in the Company's earlier ASX announcements dated 30 January 2015 and 9 February 2015), the Company has held a number of positive discussions with third parties regarding potential ore processing, offtake and funding options relating to the Company's Botswana Copper Project and the Mahumo Copper/Silver deposit. Discussions with third parties are incomplete and ongoing and have yet to reach a stage where they are sufficiently advanced or detailed to warrant disclosure. The Company will provide an update to shareholders if, or when that occurs; and
(ii) further to an announcement made by the Company on 8 July 2013 regarding a $2 million loan facility provided by SHL Pty Ltd, the Company has exercised its option to extend the term of such loan facility for a further 12 month period at a reduced interest rate of 7% per annum. Subject to obtaining a waiver from ASX or obtaining shareholder approval under listing rule
10.1, the loan will be a secured loan and is repayable on 4 January 2016.

For further information, please contact:

Mark Clements

Executive Chairman and Company Secretary
MOD Resources Limited Ph: (61 8) 9322 8233 mclements@modresources.com.au

MOD Resources Limited ABN 78 003 103 544 | First Floor, 1304 Hay Street, West Perth WA 6005 | PO Box 1927, West Perth WA 6872

ASX code: MOD | T +61 (8) 9322 8233 | F +61 (8) 9322 8077 | E administrator@modresources.com.au | www.modresources.com.au

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