Westar Resources Limited ACN 635 895
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Westar Resources Limited ACN 635 895 082 ASX Code: WSR For an offer of 25,000,000 Shares at an issue price of $0.20 per Share to raise $5,000,000. Lead Manager Discovery Capital Partners Defined terms Certain terms and abbreviations used in this Prospectus have defined meanings which are explained in the Glossary in Section 12. Important document This Prospectus provides important information about the Company. You should read the entire document. If you have any questions about the Shares being offered under this Prospectus, or any Westar Resources Westar other matter relating to an investment in the Company, you should consult your professional adviser. | Prospectus An investment in the Company’s securities is highly speculative. Prospectus Prospectus | i | Important Notices General Electronic Prospectus This Prospectus is dated 23 October 2020. A copy of this This Prospectus is available electronically at Prospectus was lodged with ASIC on that date. Neither www.westar.net.au. ASIC, ASX nor any of their respective officers take any Any person accessing the electronic version of this responsibility for the contents of this Prospectus or Prospectus for the purpose of making an investment the merits of the investment to which this Prospectus in the Company must be an Australian or New Zealand relates. resident and must only access the Prospectus from No Shares or other securities will be allotted or issued within Australia or New Zealand. Persons who access on the basis of this Prospectus later than 13 months the electronic version of this Prospectus should ensure after the date of this Prospectus. that they download and read the entire Prospectus. No person is authorised to provide any information The Corporations Act prohibits any person passing on to or make any representations about the Offers which another person an Application Form unless it is attached is not contained in this Prospectus. Information or to a hard copy of this Prospectus or it accompanies the representations not contained in this Prospectus must complete and unaltered version of this Prospectus. not be relied on as authorised by the Company, or any Any person may obtain a hard copy of this Prospectus other person, in connection with the Offers. free of charge by contacting the Company. If you have received this Prospectus as an electronic Prospectus, please ensure that you have received the entire Suitability of Investment & Risks Prospectus accompanied by the Application Form. This Prospectus provides information for investors to If you have not, please contact the Company and the decide if they wish to invest in the Company. Read the Company will send you, for free, either a hard copy or a document in its entirety. Examine the risk factors that further electronic copy of this Prospectus or both. could affect the financial performance of the Company. Consider these factors carefully in light of your personal The Company reserves the right not to accept an financial circumstances. Seek professional advice Application Form from a person if it has reason to from your accountant, stockbroker, lawyer or other believe that when that person was given access to professional adviser before deciding whether to invest. the electronic Application Form, it was not provided The Offers do not take into account any investment together with an electronic Prospectus and any relevant objectives, financial situation or needs of particular supplementary or replacement prospectus or any of investors. those documents were incomplete or altered. An investment in the Company should be considered Defined Terms highly speculative. Certain terms and abbreviations used in this Prospectus have defined meanings which are explained in the No offering where offering would be illegal Glossary. The distribution of this Prospectus in jurisdictions outside Australia and New Zealand may be restricted Website by law and persons who come into possession of this No document or information included on the Prospectus should seek advice on and observe any Company’s website is incorporated by reference into of these restrictions. Failure to comply with these this Prospectus. restrictions may violate securities laws. Applicants who are resident in countries other than Australia and New Zealand should consult their professional advisers as Privacy to whether any governmental or other consents are Please read the privacy information located in Section required or whether any other formalities need to be 5.20 of this Prospectus. By submitting an Application considered and followed. Form, you consent to the matters outlined in that Section. This Prospectus does not constitute an offer in any place in which, or to any person to whom, it would not be lawful to make such an offer. It is important that investors read this Prospectus in its entirety and seek professional advice where necessary. No action has been taken to register or qualify the Securities offered under this Prospectus or the Offers, or to otherwise permit a public offering of the securities in any jurisdiction outside Australia and New Zealand. This Prospectus has been prepared for publication in Australia and New Zealand and may not be released or distributed in the United States of America. Westar Resources Westar | Prospectus Prospectus | ii | Important Notices Forward-looking statements Competent Persons Statements This Prospectus contains forward-looking statements The information in this Prospectus that relates to which are identified by words such as ‘may’, ‘could’, technical assessment of the mineral assets, exploration ‘believes’, ‘estimates’, ‘targets’, ‘hopes, ‘expects’, targets and exploration results in or based on Section ‘intends’, ‘aimed at’ and other similar words that involve 8, is based on, and fairly represents, information and risks and uncertainties. supporting documentation prepared by Dr Mark Rieuwers and Mr Jeames McKibben. Dr Rieuwers and These statements are based on an assessment of past Mr McKibben are independent consultants engaged and present economic and operating conditions and by SRK, an independent mining consultancy. Dr on a number of assumptions regarding future events Rieuwers is a member of the Australian Institute of and actions that, as at the date of this Prospectus, are Geoscientists (AIG) and Mr McKibben is a Fellow of the expected to take place. Australian Institute of Mining and Metallurgy (AusIMM) , Such forward-looking statements are not guarantees of a member of the AIG and a Registered Valuer and future performance and involve known and unknown Chartered Valuation Surveyor with RICS. Dr Rieuwers risks, uncertainties, assumptions and other important and Mr McKibben each have sufficient experience that factors, many of which are beyond the control of the is relevant to the technical assessment of the mineral Company, its Directors and management. assets, style of mineralisation and type of deposit considered in this Prospectus to qualify as Practitioners Although the Company believes that the expectations as defined in the 2015 edition of the ‘Australasian reflected in the forward-looking statements included Code for the Public Reporting of Technical Assessments in this Prospectus are reasonable, none of the and Valuations of Mineral Assets’ and as a Competent Company, its Directors or officers and management, Person as defined in the 2012 Edition of the Joint Ore or any person named in this Prospectus, can give, or Reserves Committee Australasian Code for Reporting gives, any assurance that the results, performance or of Exploration Results, Mineral Resources and Ore achievements expressed or implied by the forward- Reserves (JORC Code). Dr Rieuwers and Mr McKibben looking statements contained in this Prospectus each consents to the inclusion of the matters based on will actually occur or that the assumptions on which their information in the form and context in which it those statements are based will prove to be correct or appears in this Prospectus and has not withdrawn such exhaustive beyond the date of their making. Investors consent before lodgement of this Prospectus with ASIC. are cautioned not to place undue reliance on these forward-looking statements. Photographs and Diagrams Except to the extent required by law, the Company Photographs used in this Prospectus without has no intention to update or revise forward-looking descriptions are only for illustration. Any people statements, or to publish prospective financial shown are not endorsing this Prospectus or its information in the future, regardless of whether new contents. Diagrams used in this Prospectus may not be information, future events or any other factors affect drawn to scale. The assets depicted in photographs in the information contained in this Prospectus. this Prospectus are not assets of the Company unless The forward-looking statements contained in this otherwise stated. Prospectus are subject to various risk factors that could cause the Company’s actual results to differ materially Exposure Period from the results expressed or anticipated in these The Corporations Act prohibits the Company from statements. The key risk factors of investing in the processing Applications under the Offers in the 7 day Company are set out in Section 3 of this Prospectus. period after the date of lodgement of the Prospectus with ASIC (Exposure Period). This period may be Currency extended by ASIC for a further period of up to 7 days. Monetary amounts shown in the Prospectus are The purpose of the Exposure Period is to enable