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ASARA RESOURCES LIMITED — Capital/Financing Update 2012
Aug 26, 2012
64427_rns_2012-08-26_1e17383a-36ef-45d3-a9ec-90027f2111d0.pdf
Capital/Financing Update
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ASX/Media Announcement 27 August 2012
Share Purchase Plan Closes Oversubscribed
Golden Rim Resources Ltd (ASX: GMR, Golden Rim ) today announced it had closed the Share Purchase Plan lodged with the ASX on 1 August 2012 ( Plan ) due to the maximum $2 million worth of applications having been received. Golden Rim had previously extended the closing date however, within a short period of time, the Plan was oversubscribed. The Company has received applications for over $2.4 million worth of shares.
Golden Rim is pleased with the response from its shareholders and thanks them for their continuing support, especially in the current difficult economic environment.
All oversubscriptions will be returned to shareholders. It is expected that the shares under the Plan will be allotted on 28 August 2012 and statements sent to shareholders on 29 August 2012.
-ENDS-
For further information, please contact:
Hayley Butcher Anna Staples Golden Rim Resources AMN Corporate Company Secretary +61 400 205 433 +61 8 9481 5758 [email protected]
About Golden Rim Resources Limited
Golden Rim Resources Ltd (ASX: GMR) is an exploration company with a focus on gold. The Company is active in West Africa, with a pipeline of six gold projects covering around 4,100km[2] in the highly prospective Birimian greenstone belts of Burkina Faso and Mali.
Golden Rim has recently made a significant, near-surface, high grade gold discovery at its Balogo Project in Burkina Faso. Drilling intercepts at Balogo are arguably some of the best gold intercepts obtained in West Africa in recent years.
The Company is about to embark on a deeper diamond drilling program at Balogo to extend the gold mineralisation at depth and it aims to calculate a JORC resource towards the end of 2012.
With continued success at Balogo and at its other projects in West Africa, Golden Rim is poised to deliver significant growth and value to shareholders.
Golden Rim Resources Ltd I ABN 39 006 710 774 I Level 2, 10 Outram Street, West Perth WA 6005, Australia I PO Box 378, West Perth WA 6872, Australia www.goldenrim.com.au I [email protected] I T + 61 8 9481 5758 I F + 61 8 9481 5759
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Further Company Information
E: [email protected] W:goldenrim.com.au
Capital Structure
Issued Shares: 438,706,231 Unlisted Options: 29,950,000
Major Shareholders
Royal Group, Abu Dhabi 12.4% Acorn Capital 7.6%
Share Registry
Security Transfer Registrars Pty Ltd 770 Canning Highway APPLECROSS WA 6153 AUSTRALIA
T: + 61 8 9315 2333 F: + 61 8 9315 2233
E: [email protected] W: securitytransfer.com.au
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