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Castlelake III, L.P. and Castlelake IV, L.P. Acquire Securities of Heron Resources Limited

MINNEAPOLIS–(BUSINESS WIRE)–Castlelake, L.P. (Castlelake), on behalf of Castlelake III, L.P. and Castlelake IV, L.P. (the Funds), today announced that the Funds have entered into an agreement (Agreement) with Heron Resources Limited (Heron) (ASX: HRR, TSX: HER) to acquire a total of 466,701,376 Ordinary Shares of Heron, comprising 45,856,116 Ordinary Shares (the Tranche 1 Shares) at a price of AU$0.07 per share for aggregate proceeds of AU$3,209,928 and a further 420,845,260 Ordinary Shares (