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ST GEORGE MINING LIMITED Investor Presentation 2011
65782_rns_2011-08-07_12397fae-66c6-44af-b722-e7f88ca97348.pdf
Investor Presentation
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8 August 2011
INVESTOR PRESENTATION – CAPITAL RAISING
St George Mining Limited advises that the attached presentation on it's recently announced Capital Raising Program has been made available to investors.
For more information contact:
John Prineas Executive Chairman St George Mining Limited (+61) 411 421 253 [email protected] www.stgeorgemining.com.au
Capital RaisingAugust 2011
Capital Raising Program
Highlights:
- 1 for 5 non-renounceable entitlement issue of shares
- 15 cents per new share
- 3 for 2 free options attaching to new shares
- Raises $1.575 million (upon full subscription)
- BurnVoir Corporate Finance to lead manage the progra m
Capital Raising Objective
Funding for Exploration:
- Drilling of high priority gold targets at East Laverton
- Drilling of gold discovery at Pine Creek
- Test work for rare earths and uranium at Pine Creek
- Regional exploration at East Laverton and Pine Creek
Strengthen Balance Sheet:
- Additional cash meets funding for the medium term
- Option program establishes a funding avenue for the future
- Capital raised creates flexibility and capacity to fund growth
Improve free float and liquidity:
- Increased liquidity and trading in SGQ shares
- Trading in SGQ options will attract new investors
- Larger shareholder base
Entitlement Issue – New Shares
New Shares:
- 1 for 5 non-renounceable entitlement issue
- Up to 10,500,000 million new shares at 15 cents eac h
- Issue price is:
- -19% below the 30 day volume weighted price of SGQ
- -23% below the closing price on the day of announcement (2 Aug)
- New shares rank equally with existing shares
- Offered to all shareholders on the register as at the record date
- Record date is 16 August 2011 (Ex-date is 10 August 2011)
- 3 for 2 free options attach to the new shares under the entitlement issue
- Minimum subscription of $800,000
Free Options - Terms
Option Terms:
- 3 options for every 2 new shares taken under the entitlement issue
- Options issued at zero cost
- Exercise price of 20 cents each
- Expiry date of 28 November 2014
- To be listed on ASX
Use of Funds
| fdUFseouns | llbiiFStuuscrpon$()AAtmoun | biiiiMStnmumuscrpon$()AAtmoun |
|---|---|---|
| liEEtttxporaonaasLtaveron | 000007, | 000005, |
| lkEiPiCttporaonanereex | 300000, | 200000, |
| klWiCitorngapa | 497930, | 22930, |
| fEIxpensesossue | 00777, | 00777, |
| OALTT | 1,000575, | 800000, |
Capital Structure
Pre-Capital Raising:
- 52,500,000 ordinary shares
- No options
Post-Capital Raising:
- 63,000,000 ordinary shares
- 15,750,000 options
Performance Shares:
100 performance shares issued to foundation shareholders with potential to convert into 10,000,000 ordinary shares Ifmilestones are satisfied
Timetable
| Dtae | Etenv |
|---|---|
| 205A11tugus | dfSCLPAItttogmenorospecusa |
| 8A2011tgsuu | hhldNiStttocesenoareoers |
| 10A2011tugus | fdlEEiIttttx-aeornemensssue |
| 6201A11tugus | ddfliREIttttecoraeornemenssue |
| 17A2011tgsuu | hhldPtttrospecssenosareoersu |
| 31A2011tsugu | fff()ldCi500WSTtosnaeoroerpmg |
| b1S2011tepemer | ddfdlbSiiitttttecuresquoeonaeerreseemenass |
| b2S2011tepemer | ffdbiiiNASXttoyoanyuner-suscrpons |
| b7S2011tepemer | hfhlhhlddDiitttttspacoongsaemensosareoers |
| b8S2011tepemer | hddNiiASXttewsaresanoponscommencerangon |
Prospectus
Please refer to the Entitlement Issue Prospectus dated 5 August 2011 for full details of the Entitlement Issue.
Disclaimer
Certain statements contained in this presentation, including information as to the future financial or operating performance of St George Mining Limited(ASX:SGQ) and its projects, are forward looking statements:
-may include, among other things, statements regarding targets, estimates and assumptions in respect of mineral reserves and mineral resources andanticipated grades and recovery rates, production and prices, recovery costs and results, capital expenditures, and are or may be based on assumptions andestimates related to future technical, economic, market, political, social and other conditions;
-are necessarily based upon a number of estimates and assumptions that, while considered reasonable by St George Mining, are inherently subject tosignificant technical, business, economic, competitive, political and social uncertainties and contingencies; and
-involve known and unknown risks and uncertainties that could cause actual events or results to differ materially from estimated or anticipated events or results reflected in such forward looking statements.
St George Mining disclaims any intent or obligation to update publicly any forward looking statements, whether as a result of new information, future events or results or otherwise. The words "believe", "expect", "anticipate", "indicate", "contemplate", "target", "plan", "intends", "continue", "budget", "estimate", "may", "will", "schedule" and similar expressions identify forward looking statements.
All forward looking statements made in this presentation are qualified by the foregoing cautionary statements. Investors are cautioned that forward looking statements are not guarantees of future performance and accordingly investors are cautioned not to put undue reliance on forward looking statements due to the inherent uncertainty therein.
The information in this announcement relates to exploration information compiled by Mr Timothy Hronsky who is a member of the Australasian Institute of Mining and Metallurgy has sufficient experience, which is relevant to the style of mineralisation and type of deposit under consideration and to the activity, which he is undertaking. This qualifies Mr Hronsky as a "Competent Person" as defined in the 2004 edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr Hronsky consents to the inclusion of information in this announcement in the form andcontext in which it appears.