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ACROW LIMITED — Capital/Financing Update 2012
Mar 7, 2012
64288_rns_2012-03-07_e708a86e-6481-4967-84e8-63d84fafc14b.pdf
Capital/Financing Update
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March 8, 2012
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EXTENSION OF CLOSING DATE FOR SPP
Noble Mineral Resources Ltd (ASX: NMG) is pleased to announce that it has decided to extend the Closing Date of the Share Purchase Plan ( SPP ) to Friday, 16 March 2012.
As previously advised, the SPP is expected to be underwritten for an amount up to $10,000,000, representing a total of 20,833,333 shares and subject to negotiation of an underwriting agreement acceptable to both Azure Capital Limited and the Company. The total number of shares available under the SPP is 53,125,000, which is within the maximum amount permitted under ASX Listing Rules for the offer to be exempt from the 15% rule.
Revised SPP timetable*
| Event | Date |
|---|---|
| Record date | 5.00pm(WST)17 February2012 |
| SPP announced to ASX | 20 February2012 |
| SPP opens | 24 February2012 |
| SPP closes | 16 March 2012 |
| Allotment of SPP shares | 22 March 2012 |
| SPP shares commence trading | 23 March 2012 |
*This timetable is subject to change. Noble reserves the right to vary the timetable without notice. The commencement of trading of new shares is subject to confirmation from ASX.
The SPP Offer document and application forms were despatched to eligible shareholders on 22 February 2012. If you require information on how to complete the application form please contact the Company’s share registry on 1300 557 010 (within Australia) or +61 3 9415 4000 (outside Australia).
Authorised by:
Wayne Norris Managing Director
Suite 3c, South Shore Centre 85 South Perth Esplanade South Perth, WA 6151
Email [email protected] Web www.nobleminres.com.au 1
Telephone +61 (0)8 9474 6771 Facsimile +61 (0)8 9474 6772
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About Noble Mineral Resources Limited
Noble Mineral Resources Limited listed on the Australian Stock Exchange on 26[th] June 2008 with a focus on exploring for large-scale gold deposits in the world-class Ashanti Gold Belt in Ghana, West Africa. In November 2009, the Company entered into an agreement for the acquisition of the Bibiani Gold Mine , a project located in the Sefwi-Bibiani Gold Belt in Ghana, host to over 30 Million Ounces of gold. On July 20[th] 2010 the final Share Transfer Form was executed to consummate the purchase.
Noble’s other primary gold concessions are Exploration Licences at Cape Three Points, Brotet and Tumentu, which cover some 141.3km² and all are located within the world-class Ashanti Gold Belt in south western Ghana. Ghana is the second largest gold producer in Africa and is the 10[th] largest gold producing nation in the world, with annual production of approximately 2.9 Million Ounces. Noble’s on-going focus will be to expand the drilling program at Bibiani to target new shallow resources near the Bibiani Mine and adjacent tenements while still progressing the Cape Three Points, Brotet and Tumentu Concessions within the Southern extension of the Ashanti Gold Belt. Initial exploration at Cape Three Points will be targeted towards the Satin Mine Project and the Morrison Project , both of which lie in an area of historic underground gold exploration. Noble believes that there is significant potential for the delineation of additional high-grade gold mineralisation relating to the down-plunge and strike extension to these zones. When added to the potential now available at Bibiani it will place Noble in a strong position to achieve its goal in building Australia’s next major gold mining house.
The Company recognises the Bibiani , Cape Three Points, Brotet and Tumentu concessions are relatively under explored, highly prospective projects and aims to rapidly redefine JORC-compliant resources for development.
ASX Code: NMG
www.nobleminres.com.au
Suite 3c, South Shore Centre 85 South Perth Esplanade South Perth, WA 6151
Email [email protected] Web www.nobleminres.com.au
Telephone +61 (0)8 9474 6771 Facsimile +61 (0)8 9474 6772
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