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INOVIQ LTD Major Shareholding Notification 2014

Aug 31, 2014

65112_rns_2014-08-31_9558b978-8708-40b2-8921-acda4a156fd7.pdf

Major Shareholding Notification

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ASX ANNOUNCEMENT

1 SEPTEMBER 2014

EUROGOLD TO SELL SHARES IN DRAGON MINING LIMITED

Dragon Mining Limited (ASX:DRA) (the Company or Dragon ) advises that its substantial shareholder, Eurogold Limited (ASX:EUG) ( Eurogold ) has announced that it intends to sell its 24.33% stake in Dragon. Eurogold intends to offer its Dragon shares ( Dragon Shares ) to Eurogold shareholders on a pro-rata basis for $0.13 per Dragon Share. Eurogold shareholders will be able to subscribe for additional Dragon Shares in excess of their entitlement. Any Dragon Shares not purchased by Eurogold shareholders will be purchased by Allied Properties Resources Limited ("Allied") pursuant to the terms of an underwriting agreement entered into by Eurogold and Allied.

For and on behalf of

Dragon Mining Limited