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CRITICAL RESOURCES LIMITED — Capital/Financing Update 2014
Jun 16, 2014
64708_rns_2014-06-16_232deff9-6aee-45f9-8a34-a064b8a20383.pdf
Capital/Financing Update
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ASX Release 17 June 2014
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Sovereign Gold Company Limited ACN 145 184 667
Level 2, 131 Macquarie Street Sydney NSW 2000 Tel: +61 2 9251 7177 Fax: +61 2 9251 7500
Contact Michael Leu CEO
email: [email protected]
Latest News
Directors / Officers John Dawkins AO Michael Leu Julian Malnic Peter Meers Jacob Rebek
ASX Symbol: SOC
Share Purchase Plan
Sovereign Gold Company Limited (Sovereign Gold) advises that it will implement a Share Purchase Plan (SPP) offering eligible shareholders the opportunity to purchase shares in Sovereign Gold without brokerage or other related charges.
The Offer price will be the lower of 4 cents or a 10% discount to the volume-weighted average price of SOC shares traded on the Australian Securities Exchange (ASX) over the 5 trading days up to and including the day on which the Offer is scheduled to close (23 July 2014), rounded down to the nearest one tenth of one cent.
The maximum price that eligible shareholders will pay is 4 cents per New Share.
Participation in the Offer is optional and is open to Eligible Shareholders who were holders of Shares in Sovereign Gold at 5.00 pm (AEST) on 16 June 2014 and whose registered address is in Australia or New Zealand.
Shareholders can purchase shares totalling up to $15,000.
Funds raised through the SPP will be used to progress the company’s exploration activities and to provide working capital.
Shares issued under the SPP will rank equally with existing shares.
Indicative Dates
| Indicative Dates | |
|---|---|
| Record Date | 16 June 2014 |
| Announcement of the Share Purchase Plan | 17 June 2014 |
| Documents mailed to Eligible Shareholders | 23 June 2014 |
| Opening date for acceptances | 23 June 2014 |
| Closing date for acceptances | 23 July 2014 |
| Allotment and issue of New Shares | 30 July 2014 |
| Quotation of New Shares on ASX | 30 July 2014 |
| Dispatch of shareholder statements | 30 July 2014 |
Full details of the SPP and Application Forms will be sent to all eligible shareholders on 23 June 2014.
For further information please contact:
Investor Relations, Henry Kinstlinger Sovereign Gold Company Limited Telephone: +61 2 9251 7177