Sydney, Australia, Nov. 17, 2016 (GLOBE NEWSWIRE) -- Heron Resources Limited (ASX:HRR TSX:HER, "Heron" or the "Company") is pleased to announce that further to its press release of 11 November 2016, in which it announced Toronto Stock Exchange "due bill" trading and settlement rules, it is no longer necessary to continue to hold shares of Heron in certificate form as a direct registered holding until after the payment date of the Spin Off. Although the step of converting to a directed registered holding must be satisfied on or before 18 November 2016, which is the expiry of the due bill trading period, at any time thereafter, the shares of Heron may be re-deposited to electronic custody and Ineligible Shareholders shall continue to be entitled to receive the pro-rata entitlement of Ardea Shares subject to fulfilling other conditions. The Ardea Shares are eligible for trading on the Australian Stock Exchange only, but are eligible for and may be deposited in Canada to The Canadian Depositary for Securities Limited ("CDS") by any CDS participant. Further announcements will be made on the status of the Spin Off, including the details of cash proceeds and the payment thereof, as well as the payment date of the Spin Off of Ardea Shares to those Ineligible Shareholders who have met the conditions noted in this press release. Please contact Ms Carolyn Muir on telephone +1 647-862-1157 (Toronto) or the Company Secretary, Mr Simon Smith on telephone +61 2 9119 8111 or email to email@example.com if you have any queries regarding the Spin Off. About Heron Resources Limited: Heron's primary focus is the development of its 100% owned, high grade Woodlawn Zinc-Copper Project located 250km southwest of Sydney, New South Wales, Australia. In addition, the Company holds a significant high quality, gold and base metal tenement holding in New South Wales and Western Australia.