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ASARA RESOURCES LIMITED — Capital/Financing Update 2012
Feb 14, 2012
64427_rns_2012-02-14_aa54778c-d285-4561-a8ae-aaf0f5e8c1cd.pdf
Capital/Financing Update
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ASX/Media Announcement
15 February 2012
Golden Rim Completes $1.2M Placement to Royal Group
Golden Rim Resources Ltd ( Golden Rim and Company , ASX: GMR) today announced that substantial shareholder PAL Technology Services LLC ( PAL ) has acquired 8 million new fully paid ordinary shares, at $0.15 a share, in a private placement, raising $1.2 million.
This transaction follows the recently announced $6.9 million placement to fund Golden Rim’s extensive drilling program in Burkina Faso and Mali in West Africa.
PAL is a member of the Royal Group of Companies based in Abu Dhabi and is one of the largest business and investment houses in the UAE.
Golden Rim’s Managing Director, Mr Craig Mackay, said he was pleased to see ongoing support in the Company from the Royal Group.
The funds raised from the placement will be used for the Company’s drilling and other exploration expenditure in Mali and Burkina Faso, and for working capital purposes.
Golden Rim’s profile has increased after receiving exceptional gold intercepts earlier this year from the Company’s Balogo Project in Burkina Faso.
-ENDS-
For further information, please contact:
Hayley Butcher Golden Rim Resources Company Secretary +61 8 9481 5758
Anna Staples AMN Corporate +61 400 205 433 [email protected]
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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About Golden Rim Resources Limited
Golden Rim Resources Ltd (ASX: GMR) is an exploration and mining company with a focus on copper and gold. The Company is active in West Africa, with gold resources and permits covering around 5,000km[2] in the highly prospective Birimian greenstone belts of Mali and Burkina Faso.
With experienced management and extensive local teams in the Company’s permanent offices in Mali and Burkina Faso, Golden Rim is able to move quickly and efficiently in order to maximise potential opportunities.
Golden Rim is pursuing an active program of drilling in Burkina Faso and Mali and is poised to deliver significant growth and value to shareholders.
Further Company Information
E: [email protected] W:goldenrim.com.au
Capital Structure
Issued Shares: 413,306,231 Unlisted Options: 29,950,000
Major Shareholders
Royal Group, Abu Dhabi 13.18% Acorn Capital 7.03%
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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