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AUSGOLD LIMITED Capital/Financing Update 2017

Mar 21, 2017

64457_rns_2017-03-21_c788264c-f2a2-49ca-aa9d-e200e13143b2.pdf

Capital/Financing Update

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ASX Announcement

22 March 2017

SHARE PURCHASE PLAN EXTENSION

On 2 March 2017, Ausgold Limited (“Ausgold” or “the Company”) (ASX: AUC) announced a Share Purchase Plan (“SPP”) allowing shareholders to subscribe for up to a maximum of $15,000 worth of new Ausgold shares and attaching options at an issue price of $0.03 per share.

The Board of Ausgold is pleased to extend the offer period for the SPP, which will now close on Friday 7 April 2017.

The key revised dates for the offer are set out in the table below. All other terms remain unchanged. If shareholders have already sent in their applications, no further action is required by them.

REVISED SPP TIMETABLE
SPP Offer Closes 5.00pm (Perth time) on Friday 7 April 2017
SPP Allotment Date Wednesday 12 April 2017
Despatch of Holding Statements Thursday 13 April 2017

Shareholders are encouraged to submit their applications as soon as possible. Please refer to the SPP booklet and application form for further details.

ENDS

For further information, shareholders and media please contact:

Mr Denis Rakich Director Ph: (08) 9220 9882

ABN: 67 140 164 496 Level 16, AMP Building, 140 St Georges Terrace, Perth WA 6000 T: 08 9220 9890 F: 08 9220 9820 E: [email protected] W: www.ausgoldlimited.com