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GENESIS RESOURCES LIMITED Capital/Financing Update 2012

Nov 7, 2012

64980_rns_2012-11-07_2b6781a7-277b-4602-a89e-4cb8724d4ee4.pdf

Capital/Financing Update

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GENESIS RESOURCES LIMITED

(ASX: GES)

ASX Release

8 November 2012

Completion of Rights Issue

Further to recent announcements, Genesis Resources Limited (the Company ) is pleased to announce that it has issued and allotted 15,000,000 fully paid ordinary shares in the Company today, being the balance of the shortfall under the Company’s recent rights issue.

Approximately $2.74 million (before expenses) has been raised under the rights issue.

An Appendix 3B for the issue and allotment of the 15,000,000 fully paid ordinary shares will follow shortly.

Effect of Rights Issue on Capital Structure

A table showing the effect of the rights issue on the Company’s capital structure is set out below.

Fully paid ordinary shares

EVENT NO. OF SHARES
Shares on issue before rights issue 91,484,676
New shares issued to shareholder applicants under rights issue 5,001,754
New shares issued to parties subscribing for the shortfall under the rights
issue

25,493,138
Total new shares issued pursuant to the rights issue 30,494,892
TOTAL SHARES ON ISSUE AFTER RIGHTS ISSUE 121,979,568

The number of options on issue in the Company as at the date of this announcement is as follows:

CLASS OF OPTIONS NO. OF OPTIONS
Unlisted options exercisable at $0.10 and expiring 4 May 2014 19,429,424
Unlisted options exercisable at $0.10 and expiring 11 May 2014 7,110,952
TOTAL OPTIONS CURRENTLY ON ISSUE 26,540,376

GENESIS RESOURCES LIMITED ACN 114 787 469 Level 3, 1 Collins Street, Melbourne, Victoria 3000, Australia

Tel: +61 3 9665 0411 | Fax: +61 3 9650 5571 | www.genesisresourcesltd.com.au

A statement setting out the names of the 20 largest holders of fully paid ordinary shares and the percentage held by each pursuant to the rights issue is attached .

- End

For more information, please contact:

PETER KONG Managing Director T: +61 (0) 3 9286 7500 E: [email protected]

EDDIE PANG

Chairman T: +61 (0) 3 9286 7500 E: [email protected]

2 | P a g e

CER/COMPUTERSHARE INVESTOR SERVICES PTY LTD  ***      T O P     2 0     H O L D E R S       ***                (RSP520:16.26:081112)
  GENESIS RESOURCES LIMITED/GES                       RUN NUMBER 0832       08/11/12             A.C.N. 114 787 469    PAGE :      1
  CLASS: ORD/ORDINARY FULLY PAID SHARES
  HOLDER NO     NAME AND ADDRESS                                           UNITS       % I/C      RANK
               S ACTIVE HOLDING SDN BHD                                 22,117,930    18.13         1
MR EDWIN SUGIARTO                                        15,000,000    12.30         2
BERNE NO 132 NOMINEES PTY LTD                             8,110,650     6.65         3
               CLANCY EXPLORATION LIMITED                                6,032,000     4.95         4
               MS SIEW BEE TAN                                           4,000,000     3.28         5
               TIGERMOTH INVESTMENTS LTD                                 3,750,000     3.07         6
               HOCK GUAN NG                                              3,414,383     2.80         7
               INNER IVORY INVESTMENTS INC                               3,375,000     2.77         8
               BERNE NO 132 NOMINEES PTY LTD                             2,703,551     2.22         9
               BERNE NO 132 NOMINEES PTY LTD                             2,703,551     2.22        10
               VERMAR PTY LTD                                            2,222,222     1.82        11
               <CAP A/C>
               CLANCY EXPLORATION LIMITED                                2,125,000     1.74        12
CHIN HUAN NG                                              2,000,000     1.64        13
               LAI YOONG LIM                                             1,989,382     1.63        14
               MR KOK BIN WEE                                            1,860,000     1.52        15
               SAKURA CAPITAL LIMITED                                    1,841,928     1.51        16
               JP MORGAN NOMINEES AUSTRALIA                              1,777,181     1.46        17
               LIMITED
               SAKURA CAPITAL LTD                                        1,698,750     1.39        18
               MS ALICE WONG                                             1,687,500     1.38        19
               MR EDWIN HANCOCK &                                        1,500,000     1.23        20
               MRS SYLVIA HANCOCK
                ***  REPORT  TOTAL  ***                                  89,909,028    73.71
                ***    REMAINDER   ***                                   32,070,540    26.29
                                                                     -----------------------
                ***  GRAND  TOTAL  ***                                  121,979,568 100.00
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TOTAL CURRENT HOLDERS MEETING CRITERIA FOR THIS REPORT:      360
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