Non-Renounceable Issue - Extension of Closing Date

RNS Number : 5693V
Scotgold Resources Ltd
16 December 2013
 



16 December 2013

 

Scotgold Resources Limited

 

Non-renounceable Rights Issue

Extension of Closing Date

 

Scotgold Resources Limited ("Scotgold" or the Company" advises that it has extended the closing date for its current non-renounceable rights issue from 23 December 2013 to 31 December 2013.

 

As announced on 26 November 2013, Scotgold offered a non-renounceable pro rata rights issue of up to 166,174,304 fully paid ordinary shares on the basis of three new shares for every four shares held by Scotgold's shareholders with a registered address in Australia, New Zealand or United Kingdom as at 5.00pm (WST) on 5 December 2013 "Eligible Shareholders") at an issue price of 0.50 cents per new share.

 

Eligible Shareholders may also elect to participate in the shortfall and apply for new shares in excess of their pro rata entitlements under the Rights Issue.  The shortfall may also be placed with third parties at the Board's discretion.

 

The revised timetable is as follows:

 

Event

Date

Closing Date for Rights Issue Offer

31-Dec-13

Notification to ASX of under subscriptions

6-Jan-14

Allotment

6-Jan-14

Dispatch of holding statements

7-Jan-14

 

P J Newcomb

COMPANY SECRETARY

 

 

For further information please contact:

 

United Kingdom:

Scotgold Resources Limited 

 Westhouse Securities Limited

Bankside Consultants

John Bentley (Chairman)

 Richard Baty / Martin Davidson

Simon Rothschild

Tel: +44 (0)77 8592 1505



Chris Sangster (CEO)



Tel: +44 (0)77 2562 9509

  Tel: +44 (0)20 7601 6100

Tel +44 (0)20 7367 8888

Australia:

Scotgold Resources Limited

Professional Public Relations

Peter Newcomb

(Company Secretary)

Belinda Newman

Tel:        +61 (8) 9222 5850

 

Tel:        +61 (8) 9388 0944

Mobile:   +61 (0) 401 802 210

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
IOEGGGRUPUPWPGA
UK 100

Latest directors dealings