Sydney, Australia, Nov. 11, 2016 (GLOBE NEWSWIRE) -- Heron Resources Limited ("Heron" or "Company") advises that Ardea has lodged a prospectus ("Prospectus") with the Australian Securities and Investments Commission on 9 November 2016 for a proposed initial public offer of up to 30 million fully paid shares at an issue price of $0.20 each including a priority offer to Existing Heron Shareholders to raise up to $6 million before cost ("Public Offer") and an offer of 12,445,028 options to Heron, the lead manager and the corporate adviser. The prospectus also includes an offer made by Heron for the sale of up to 5.4 million shares under a Sale Facility (as that term is defined in the Prospectus). Details of the Sale Facility were set out in the Company's ASX announcement on 29 September 2016. All Existing Heron Shareholders (being Heron shareholders with a registered address in Australia or New Zealand) as at 9 November 2016 will be sent a copy of the Prospectus together with a personalised blue priority application form after the exposure period. A copy of the prospectus is available at www.ardearesources.com.au and on SEDAR www.SEDAR.com . Anyone considering investing should read the prospectus in its entirety before deciding whether to do so. Applications can only be made via the application form which is in or accompanies the Prospectus. Please contact Ardea's company secretary on +61 8 6500 9200 to request a copy of the prospectus. About Heron Resources Limited: Heron is engaged in the exploration and development of base and precious metal deposits in Australia. Heron's projects include the high-grade Woodlawn Zinc-Copper Project located 250km southwest of Sydney, New South Wales, and the Kalgoorlie Nickel Project located north of Kalgoorlie, Western Australia. In addition the Company holds a number of other high quality exploration properties located in the Lachlan Fold Belt, New South Wales.