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Resolute Mining Limited — Major Shareholding Notification 2014
Feb 20, 2014
10548_rns_2014-02-20_f84f3bcf-3d85-44b2-b909-d86393c21e69.pdf
Major Shareholding Notification
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MinterEllison
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AURORA PLACE, 88 PHILLIP STREET, SYDNEY NSW 2000, DX 117 SYDNEY
| To | Company announcements officeASX | Facsimile | 1300 135 638 |
|---|---|---|---|
| Company SecretaryResolute Mining Limited | Facsimile | $+61893227597$ | |
| From | Henry WongEmail: [email protected] | FacsimileDirect lineOur Ref | $+61299218058$+61 2 9921 8536SSE:HLW:20-6818439 |
| Date | 21 February 2014 | Number of pages (including this one): 6 |
Notice of initial substantial holder Subject
Please find attached a notice of initial substantial holder in relation to shares in Resolute Mining Limited from Van Eck Associates Corporation.
Regards MINTER ELLISON
If you do not receive all pages please telephone +61 2 9921 8536
IMPORTANT - The contents of this facsimile may be privileged and confidential. Any unauthorised use of the contents is expressly prohibited. If you have received the document in error, please advise us by telephone (reverse charges) immediately and then shred the document. Thank you.
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603 GUIOE page 1/1 13 March 2000
Form 603 Corporations Act 2001Section 671B
Notice of initial substantial holder
| To Company Name/Scheme | Resolute Mining Limited |
|---|---|
| ACN/ARSN | 097 088 689 |
| 1. Details of substantial holder (1)Name | VEn Eck Associates Corporation (and its associates as referred to in paragraph 6). |
| ACN/ARSN (if applicable) | NIA. |
| The holder became a substantial holder on | 18/02/2014 |
2. Details of voting power
The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an essociate (2) had a relevant interest (3) in on the date the substantial holder became a substantial holder are as follows:
| Class of securities (4) | Numbor of securities | ---------------Person's votes (5) | Voting power (5) |
|---|---|---|---|
| _______________________________________Ordinary shares | ----------------32.490.820. | 32.490.820----___ | 15.07%---------- |
| . | __$-$-------ᅲ | .,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, | . |
3. Details of relevant interests
The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:
| Holder of relevant interest | Nature of relevant interest (7) | Class and number of securities |
|---|---|---|
| CorporationAssociatesEckiVan(VEAC) | VEAC holds its relevant interest by hevingthe power to exercise, control the exerciselot, or influence the exercise of, the votingpowers or disposal of the securities to which 32,490,920the relevent interest relates in the ordinarycourse of investment managementbusłness. | |
4. Details of present registered holders
The persons registered as holders of the securities referred to in paragraph 3 above are as follows:
| Holder of relevantinterest | Registered holder ofsecurities | Person entitled to beregistered as holder (8) | Class and numberof securities |
|---|---|---|---|
| VEAC | Bank of New York Mellon asicustodian forMarket Vectors Trust - Junior GoldiMiners ETF | Market Vectors Trust - Junior(Gold Miners ETF (GDXJ) | Ordinary shares32.481.124 |
| NEAC | Bank of New York Mollon ascustodian for Market Vectors Trust.Market Vectors Australian EmergingResources ETF | Market Vectors Trust MarketVectors Australian EmergingResources ETF (MVE AU) | Ordinary shares19.696 |
6. Consideration
The consideration paid for each relevant interest referred to in peregraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:
| ------Holder of relevantintorost | .__________Date of acquisition | ---------Consideration (9)----- | ______________________________________. | Class and numberof securities |
|---|---|---|---|---|
| IVEAC | -----------ISee Annexure A----- | Cash---------- | Non-cash----------------- | . |
| -- | ----------- | ᅲ. | ----------- | --- |
| _______________________________________--------------------------------------- | ------------_____. | 100.000 | 1.11111111111111111111111111111111111 | -------------------------------------------- |
6. Associatos
The reasons the persons nemed in paragraph 3 above are associates of the substantial holder are as follows:
MC_111880117_1 (W2003x)
| Name and ACN/ARSN (if applicable) | Nature of association |
|---|---|
| NEAC | Associato under section 12(2) of the Corporations Act. |
| Van Eck Securities Corporation | Associate under section 12(2) of the Corporations Act. |
| Van Eck Absolute Ratum Advisers, Inc. | Associate under section 12(2) of the Corporations Act. |
7. Addresses
The addresses of persons named in this form are as follows:
| والمستر وبروجا فاسترد مستواء | Address |
|---|---|
| Name | . |
| NEAC | [335 Madison Avenue, New York, NY 10017 |
| Van Eck Securities Corporation | 1935 Madison Avenue, New York, NY 10017 |
| [Van Eck Absolute Return Advisers, Inc. | 1335 Madison Avenue, New York, NY 10017 |
| _______________________________________ |
Signature
| Russell Brannanprint name | capacity$-111 - 1$ | Assistant VP |
|---|---|---|
| -------sign hare$\kappa$________---------------------------------------. | date | ,,,,,,,,20/02/2014---- |
DIRECTIONS
- If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager andtrustee of an equity trust), the names could be included in an ann $(1)$
- $(2)$ See the definition of "associate" in section 9 of the Corporations Act 2001.
- See the definition of "relevant interest" in sections 608 and 871B(7) of the Corporations Act 2001. $(3)$
- The voting shares of a company constitute one class unless divided into separate classes. $(4)$
- The total number of votes attached to all the voting shares in the company or voting interests in the scheme (if any) that the person or an associate has a $(5)$ relevant interest in.
- The person's votes divided by the total votes in the body corporate or scheme multiplied by 100. $(6)$
$(7)$ Include details of:
- any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671B(4) applies, a copy of anydocument senting out the terms of any relevant agreement, and a statement by the perso $(E)$
- any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposel of thesecurities to which the rolevant interest relates (indicating clearly the $(b)$
See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.
- If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write "unknown." $(6)$
- Details of the consideration must include any and all benefits, moneys and other, that any person from whom a rolevant interest was ecquired has, ormay, become entitled to receive in relation to that acquieltion. Details $(9)$
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This guide does not form part of the prescribed formand is included by ASIC to assist you in completing andlodging form 603. GUIDE
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| Signature | This form must be signed by either a director or a secretary of the substantial holder, | |||||
|---|---|---|---|---|---|---|
| Lodging period | ΝIΙ | |||||
| Lodging Fee | Nil | |||||
| Other forms to becompleted | Nil | |||||
| Additional Information | (a) | If additional space is required to complete a question, the information may be included on a separate piece ofpaper ennexed to the form. | ||||
| (b) | This notice must be given to a listed company, or the responsible entity for a listed managed investment scheme,A copy of this notice must also be given to each relevant securities exchange. | |||||
| The person must give a copy of this notice:(c) | ||||||
| (i) | within 2 business days after they become aware of the information; or | |||||
| (II) | by 9.30 am on the next trading day of the relevant securities exchange after they become aware of theInformation if: | |||||
| (A) | a takeover bid is made for voting shares in the company or voting interests in the scheme; and | |||||
| (B) | the person becomes aware of the information during the bid period. | |||||
| Annexures | To make any annexure conform to the regulations, you must | |||||
| 1. | use A4 size paper of white or light pastel colour with a margin of at least 10mm on all sides | |||||
| 2 | show the corporation name and ACN or ARBN | |||||
| э | number the pages consecutively | |||||
| 4 | print or type in BLOCK letters in dark blue or black ink so that the document is clearly legible when photocopied | |||||
| 5 | identify the annexure with a mark such as A, B, C, etc. | |||||
| в | endorse the ennexure with the words:This is annexure (mark) of (number) pages referred to in form (form number and title) | |||||
| 7 | sign and date the annexure. | |||||
| The annoxure must be signed by the same person(s) who signed the lorm. | ||||||
Information in this guide is intended as a guide only. Please consult your accountant or solicitor for further advice.
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| Holder of relevant | unne ni malike ni mieDate of | Consideration | Consideration Non- | ||
|---|---|---|---|---|---|
| interest | Acquisition/Disposal | 8/S | Cash | çash | Number of Securities |
| GDXJ | 10/22/2013 8 | इ÷ | In-Kind | 34,892 | |
| GDXJ | 10/23/2013 B | Ţ | In-Kind | 244,195 | |
| GDXJ | 10/25/2013 8 | 7 | In-Kind | 139,580 | |
| GDXJ | 10/28/2013 B | ţ | In-Kind | 139,564 | |
| GDXJ | 10/29/2013 B | 3 | In-Kind | 34,891 | |
| GDXI | 10/31/2013 S | $$\blacksquare$ | In-Kind | 104,673 | |
| GDXJ | 11/1/2013 5 | ζ | In-Kind | 139,564 | |
| GDXJ | 11/7/2013 B | $ | In-Kind | 34,866 | |
| GDXJ | $11/11/2013$ B | Ţ | in-Kind | 34,858 | |
| GDXJ | 11/15/2013 B | 3 | In-Kind | 34,846 | |
| GDXJ | 11/18/2013 B | Ş | In-Kind | 209,100 | |
| MVEAU | 11/18/2013 5 | 5 | in-Kind | 18,147 | |
| GDXJ | 11/19/2013 B | ţ | In-Kind | 34,855 | |
| GDXJ | $11/21/2013$ B | $÷ | In-Kind | 139,392 | |
| GDXJ | $11/22/2013$ B | Ţ | In-Kind | 104,523 | |
| GDXJ | 11/26/2013 S | $٠ | In-Kind | 34,844 | |
| GDXJ | 11/27/2013 B | $ | In-Kind | 139,384 | |
| MVEAU | 12/3/2013 8 | $8 | 3 | 17 | |
| MVEAU | 12/3/2013 B | ς8 | उ | 17 | |
| GDXJ | 12/3/2013 5 | $ŧ | In-Kind | 34,853 | |
| MVEAU | 12/3/2013 5 | τ8 | $ | 17 | |
| GDXJ | 12/6/2013 5 | 5 | In-Kind | 34,864 | |
| MVEAU | $12/9/2013$ S | ţ. | In-Kind | 6,121 | |
| GDXI | 12/9/2013 S | $ | in-Kind | 174,310 | |
| GDXJ | 12/10/2013 B | $ | In-Kind | 69,720 | |
| GDXJ | 12/11/2013 B | Ţ | In-Kind | 383,449 | |
| GDXI | $12/13/2013$ B | $ | In-Kind | 34,851 | |
| GDXI | 12/18/2013 B | $ | In-Kind | 34,849 | |
| GDXI | 12/19/2013 8 | $ | In-Kind | 34,846 | |
| GDXJ | 12/20/2013 S | Ţ571,341 | $ | 1,038,802 | |
| MVEAU | 12/20/2013 S | $1,064 | $ | 1,936 | |
| MVEAU | 12/20/2013 5 | Ţ1,064 | ξ٠ | 1,936 | |
| MVEAU | 12/28/2013 B | $143 | $ | 257 | |
| GDXJ | $1/3/2014$ B | Ţ, | In-Kind | 133,700 | |
| GDXJ | 1/6/2014 B | $÷ | In-Kind | 33,423 | |
| MVEAU | $1/9/2014$ S | 56 | $ | 10 | |
| GDXJ | $1/13/2014$ B | ξ | In-Kind | 334,220 | |
| GDXI | 1/14/20148 | $۰ | In-Kind | 66,822 | |
| GDXJ | $1/15/2014$ B | 3۰ | in-Kind | 66,796 | |
| GDXI | $1/16/2014$ B | $÷ | In-Kind | 400,740 | |
| GDXI | $1/17/2014$ B | 5٠ | In-Kind | 33,391 | |
| GDXJ | $1/21/2014$ B | $ | In-Kind | 734,492 | |
| GDXJ | 1/22/2014B | 3- | In-Kind | 200,268 | |
| GDXI | 1/24/20148 | $×, | In-Kind | 667,480 | |
| GDXJ | 1/27/2014B | 3÷ | In-Kind | 233,611 | |
| GDXJ | 1/28/2014 S | Ş× | In-Kind | 33,376 | |
| GDXJ | 1/30/2014 B | $٠ | in-Kind | 133,476 | |
| GDXI | 2/4/2014 B | $$\blacksquare$ | In-Kind | 33,375 | |
This is Annexure A of 2 pages referred to in Form 604 -Notice of change of interests of substantial holder
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Page 1 of 2
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| Holder of relevantinterest | Date ofAcquisition/Disposal | B/S | ConsiderationCash | Consideration Non-cash | Number of Securities |
|---|---|---|---|---|---|
| GDXJ | 2/5/2014 B | In-Kind | 834,225 | ||
| GDXI | $2/6/2014$ B | In-Kind | 66,740 | ||
| GDXJ | 2/7/2014 6 | In-Kind | 33,371 | ||
| GDXJ | 2/10/2014 B | In-Kind | 700,686 | ||
| GDXI | $2/11/2014$ B | In-Kind | 166,795 | ||
| GDXI | $2/12/2014$ B | in-Kind | 700,497 | ||
| GDXJ | $2/13/2014$ B | in-Kind | 967,556 | ||
| GDXI | $2/14/2014$ B | In-Kind | 867,386 | ||
| GDXJ | 2/18/20146 | In-Kind | 667,200 | ||
| MVEAU | 2/19/2014 B | 14 | 19 |
This is Annexure A of 2 pages referred to in Form 604 -
ons result from the for securities in the ETF.
In-Kind transactions refers to how market makers of exchange traded funds (ETF) can reconcile the differences between net asset value (NAV) and market values when shares of the ETFs are bought and sold. The market maker can arbitrage the ETF shares with the shares that make up the underlying portfolio, by creating or redeeming lots of the ETF shares. This structure causes ETFs to be treated as "In kind" transactions where investors only pay capital gains like with stocks, as opposed to other fees associated with mutual funds.