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Resolute Mining Limited — Capital/Financing Update 2007
Oct 1, 2007
10548_rns_2007-10-01_80469ef0-399e-4cca-9b05-abe6ca95d307.pdf
Capital/Financing Update
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ASX ANNOUNCEMENT
RENOUNCEABLE RIGHTS ISSUE
Resolute Mining Limited advises that the attached letter relating to a renounceable rights issue is being posted to shareholders today.
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PETER SULLIVAN Chief Executive Officer
2 October 2007
RESOLUTE MINING LIMITED A.C.N. 097 088 689 A.B.N. 39 097 088 689 4[th] Floor, The BGC Centre, 28 The Esplanade, Perth, Western Australia 6000. PO Box 7232 Cloisters Square, Perth, Western Australia 6850. Telephone +61 8 9261 6100 Facsimile +61 8 9322 7541 Email : [email protected]
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2 October 2007
Dear Shareholder
Notice to shareholders of pro rata offer
We write to you as the registered holder of Resolute Mining Limited shares (ASX code RSG) as at today’s date.
The Company is undertaking a pro rata offer of shares to shareholders. The pro rata offer is on the basis of 1 share for every 5 shares held at the Record Date at an issue price of $1.10 each.
The funds raised by the Company will be used for the on going development of both the Syama gold mine in Mali and the Mt Wright underground gold mine in Queensland, Australia.
This issue is renounceable and is available to all eligible Resolute Mining Limited shareholders registered on the Record Date as shown in the timetable below. Please note that shareholders at the Record Date that have an address registered outside Australia or New Zealand (“Foreign Shareholders”) will not be eligible to participate in the pro-rata offer. The Company will appoint a nominee to sell the Foreign Shareholders rights, and in due course, forward the resulting proceeds to the relevant Foreign Shareholders.
The pro rata offer is being made without a prospectus, but if you remain as an eligible registered shareholder of Resolute Mining at the Record Date, a Rights Issue Offer document containing your entitlement will be sent to you on the date referred to in the timetable below.
| Lodgement of Appendix 3B with ASX | 1 October 2007 |
|---|---|
| Notice of pro rata offer sent to all shareholders | 2 October 2007 |
| Existing Shares quoted on "ex" basis and rights trading commences | 4 October 2007 |
| Record Date for determining entitlements | 10 October 2007 |
| Rights Issue Offer Document and Entitlement and Acceptance Formdespatched to Eligible Shareholders | 15 October 2007 |
| Rights Trading ends | 22 October 2007 |
| Closing Date | 29 October 2007 |
| Notify ASX of shortfall | 1 November 2007 |
| Anticipated date for the issue of the New Shares and dispatch of | 5 November 2007 |
| holding statements | |
| Commencement of trading of the New Shares | 6 November 2007 |
RESOLUTE MINING LIMITED A.C.N. 097 088 689 A.B.N. 39 097 088 689 4[th] Floor, The BGC Centre, 28 The Esplanade, Perth, Western Australia 6000. PO Box 7232 Cloisters Square, Perth, Western Australia 6850. Telephone +61 8 9261 6100 Facsimile +61 8 9322 7541 Email : [email protected]
Please note that where the determination of an eligible shareholder’s entitlement results in a fraction of a share, such fraction shall be rounded down to the nearest whole share.
There will be no deferred settlement of the sale of shares offered under the pro-rata offer. Trading in shares will commence on the first business day following the dispatch of the holding statements.
The Directors of Resolute Mining Limited recommend that if in doubt as to the value of the above pro rata issue, you should contact your financial adviser.
Yours Sincerely
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PETER SULLIVAN Chief Executive Officer Resolute Mining Limited
RESOLUTE MINING LIMITED A.C.N. 097 088 689 A.B.N. 39 097 088 689 4[th] Floor, The BGC Centre, 28 The Esplanade, Perth, Western Australia 6000. PO Box 7232 Cloisters Square, Perth, Western Australia 6850. Telephone +61 8 9261 6100 Facsimile +61 8 9322 7541 Email : [email protected]