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IONDRIVE LIMITED — Capital/Financing Update 2012
Mar 28, 2012
65132_rns_2012-03-28_663e18c0-437b-4966-8795-c9fdebfb1bcb.pdf
Capital/Financing Update
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ASX ANNOUNCEMENT
29 MARCH 2012
NOTICE OF ADJUSTMENT TO OPTION EXERCISE PRICES
Southern Gold Limited (ASX : SAU) refers to the Offer Memorandum lodged with ASX on 22 March 2012 for a fully underwritten two (2) for seven (7) non‐renounceable rights issue of up to approximately 77 million new shares in SAU priced at $0.043 per new share to raise approximately A$3.31 million before costs (“Rights Issue”).
Southern Gold Limited gives notice that the exercise price of existing options to subscribe for SAU shares will be adjusted in accordance with the terms and conditions of the issue of options, effective on 6 April 2012.
The new exercise prices of those options are shown in the table below.
| ASX Code | Expiry Date | Old ExercisePrice | New ExercisePrice |
|---|---|---|---|
| SAUAASAUAB | 21October20121 December2015 | $0.35$0.105 | $0.349$0.104 |
| SAUAD | 28November 2012 | $0.75 | $0.749 |
| SAUAE | 30 September2013 | $0.15 | $0.149 |
| SAUAI | 1 December2014 | $0.105 | $0.104 |
| SAUAK | 30 October 2013 | $0.15 | $0.149 |
| SAUAO | 25 May2013 | $0.20 | $0.199 |
| SAUAS | 30 June2014 | $0.30 | $0.299 |
| SAUAW | 29 June2012 | $0.15 | $0.149 |
For and on behalf of
Southern Gold Limited
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Nick Harding Company Secretary
Southern Gold Limited Ground Floor, Unit 1 PO Box 255 email [email protected] telephone 08 8368 8888 ABN 30 107 424 519 229 Greenhill Road Kent Town web southerngold.com.au facsimile 08 8431 5619 Dulwich SA 5065 SA 5071