Ann: WPG raises 7.2m in Placement, page-134

HI All
I have been a long term holder of WPG and have benefited from the Iron Ore investment that BOB lead thru 2008 - 2011.
You will see that he has followed a similar approach - He needs to get funds from sophisticated and professional investors to open up the share register and this will in turn drive up demand and the share price.
I am comfortable that Bob and the team know what they are doing and if you are interested the link below and some extracts from further announcements may also provide you with some comfort.
Bob sold the Iron Ore mine to Arrium for over 300 Million and gave the investors back a substantial return via dividend.

1) http://www.wpgresources.com.au/wp-content/uploads/2015/01/2007-06-18-Investor-Presentation.pdf

2) 18 June 2009
Company Announcements Office
ASX Limited
Exchange Centre
Level 6, 20 Bridge Street  
SYDNEY NSW 2000
$5.60 million Fund Raising
Western Plains Resources Ltd (WPG) is pleased to announce a two stage fund raising initiative comprising:
• A private placement of 12,183,332 shares at a price of $0.30 per share to raise $3.65 million (the
Placement); and
• A one (1) for twelve (12) non-renounceable rights issue to existing shareholders at a price of $0.25
per share (the Rights Issue). The issue price of the Rights Issue shares has been set deliberately so
that shareholders can obtain new shares at the same price as shares to be placed with WISCO – see
the Company’s ASX announcement of 12 June 2009. The Rights Issue, if fully subscribed, will raise
approximately $1.95 million and result in the issue of 7,796,099 new WPG shares. Shareholders
who take up the Placement will be entitled to participate in the Rights Issue.
The Placement has been completed, with the balance of application funds expected by the end of the week.
The Placement shares will be issued early next week.
It is anticipated that the Rights Issue will be underwritten. In the event it is not, Directors reserve the right to
place any shortfall from the Rights Issue. Shareholders registered as at 5.00pm AEST on Monday 29 June
2009 (the Record Date) will be entitled to participate in the Rights Issue.

3) 16 April 2010
Western Plains Resources Limited (ASX:WPG) is pleased to advise that it has
completed a placement to sophisticated and professional investors that raised
approximately $12.6 million before costs. A total of 15.8 million shares will be issued
at a price of $0.80 each. An Appendix 3B will be released next week.
Many more applications were received than could be accepted under the ASX
Listing Rules and unfortunately some applications had to be scaled back or rejected.
The placement brought a number of new institutional investors onto WPG’s register,
and the Company thanks new and existing institutional investors and other
shareholders for their strong support.
The purpose of the capital raising is to assist with advancing the Company’s flagship
Peculiar Knob DSO iron ore project near Coober Pedy in South Australia towards
development. The Company’s stronger balance sheet will improve our negotiating
position with service providers and other contractors. WPG will soon commence
detailed contract negotiations with shortlisted parties.
WPG is in discussions with a small number of investment institutions and trade
participants capable of providing further support for the project’s development. The
funding structure has not yet been finalised.
WPG and Flinders Ports Pty Ltd entered into an MOU agreement for the handling,
storage and shiploading of iron ore from Peculiar Knob earlier this year. The two
parties agreed to develop a detailed set of protocols backed by appropriate
contracts between them for the export of ore, before the end of H1 2010.
WPG intends to take the decision to commit to project development at Peculiar
Knob in H2 2010. Export sales of 62% Fe fines are expected to commence at 2-3
million tonnes per annum in H2 2011.