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DGR GLOBAL LIMITED — Capital/Financing Update 2009
Mar 5, 2009
64771_rns_2009-03-05_bfe05a59-fdb7-41eb-8015-2ed79bfe726d.pdf
Capital/Financing Update
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ASX Announcement
6 March 2009
D'Aguilar Gold Limited Royalty Sale Agreement with Solomon Gold plc
D'Aguilar Gold Ltd ("D'Aguilar") is pleased to announce that AIM‐listed Solomon Gold plc ("Solomon") has agreed to issue D'Aguilar two million (2,000,000) fully paid ordinary shares in Solomon and pay $50,000 to cancel a royalty agreement entered into in 2005 in respect of certain tenements held by a subsidiary of Solomon on Guadalcanal. This transaction was undertaken as a condition‐precedent for Solomon’s recently announced significant exploration joint venture agreement with Newmont Mining Inc.
D'Aguilar had previously held a 1% revenue royalty in respect of four exploration licences (Koloula PL 02/05, Central PL03/05, Mbetilonga PL04/05 and Sutakiki PL05/05 on Guadalcanal held by Australian Resource Management (ARM) Pty Ltd, a wholly‐owned subsidiary of Solomon.
At the completion of the transaction D'Aguilar will hold 3,055,557 shares in Solomon, representing approximately 4.7 % of Solomon’s fully paid ordinary shares.
Solomon is listed on the Alternative Investment Market of the London Stock Exchange (AIM) and trades under the symbol "SOLG". Solomon ordinary shares last closed on AIM at 9.00 pence (A$0.20).
On behalf of the Board KM Nagle Company Secretary
For Solomon Gold plc information, see www.solomongold.com or http://solomongold.com/sharepricechart.php and http://www.londonstockexchange.com/en‐gb/pricesnews/prices/aimIndex.htm).
For further information contact:
Mr Nicholas Mather Mr Greg Runge Mr Kevin Nagle Managing Director General Manager Company Secretary Ph: 07 3303 0680 or 0417 880 448 Ph: 07 3303 0680 or 0418 546 739 Ph: 07 3303 0680 or 0408 763 893
Email : [email protected]
Electronic copies and more information are available on the Company website: www.daguilar.com.au
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