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TESORO GOLD LTD — Net Asset Value 2010
Aug 18, 2010
65957_rns_2010-08-18_c8885290-66ae-43f8-9039-098c70299288.pdf
Net Asset Value
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TO: COMPANY ANNOUNCEMENTS OFFICE
COMPANY: AUSTRALIAN SECURITIES EXCHANGE LIMITED FROM: VAN EYK THREE PILLARS LIMITED DATE: 19 AUGUST 2010
NO. OF PAGES: 1
Pro forma 11 August 2010 Estimated Net Tangible Assets (NTA)
We hereby provide notification of van Eyk Three Pillars Limited’s (VTP) pro forma estimated net tangible asset backing per ordinary share as at 11 August 2010 .
The pro forma estimated net tangible asset backing per ordinary share has been adjusted for the 88 cent capital return and resulting balance sheet adjustments. It does not adjust for the upcoming 20 to 1 Share Consolidation. The Record Date for the Share Consolidation is 6 September 2010 and VTP shares will trade on a post consolidated basis on 31 August 2010 initially on a deferred settlement basis.
| 11 August 2010 |
|
|---|---|
| Cents | |
| Pro Forma Gross Tangible Asset backing1, 2 | 5.7 |
| Pro Forma NTA after tax on unrealised gains and/or losses 1 |
5.7 |
-
Pro forma estimate has been adjusted for 88 cent capital return and resulting balance adjustments
-
Pro forma Gross Tangible Asset Backing:
-
includes investments at current market value less associated selling costs
-
is before Deferred Tax Asset on realised tax losses
-
is before any Deferred Tax on unrealised investment gains/losses
The Pro Forma Net Tangible Assets quoted above are estimates and are based on unaudited financial accounts and pro forma calculations.
Brian McGarry Company Secretary
van Eyk Three Pillars Limited ABN 91 106 854 175 Level 37, 2 Park Street, Sydney, NSW, 2000
P 1300 732 413
www.vaneyk.com.au www.threepillars.vaneyk.com.au