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TESORO GOLD LTD — Share Issue/Capital Change 2012
Apr 15, 2012
65957_rns_2012-04-15_ba62bd22-bb4d-475c-a8a3-8fa448a8dfc2.pdf
Share Issue/Capital Change
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CONTINUATION INVESTMENTS LIMITED
16 April 2012
Manager of Company Announcements ASX Limited Exchange Centre 20 Bridge Street SYDNEY NSW 2001
Notice of Meeting – Share Split
Continuation Investments Limited (ASX Code: COT) ( Company ) refers to the notice of general meeting being despatched to shareholders and lodged with ASX today ( Notice of General Meeting ). The Company is proposing to subdivide its issued capital on the basis that every one (1) fully paid ordinary share (each a Share ) be subdivided into three (3) fully paid ordinary shares ( Share Split ). The Share Split is intended to increase liquidity and affordability to investors and the Company believes it will assist Shareholders to commercialise their investment.
If approval is given at the general meeting to be held on 15 May 2012, each existing Share will be split into three Shares with effect from 5:00pm WST on 23 May 2012.
Immediately after the Share Split, each Shareholder will still hold the same proportion of the Company’s total number of Shares as immediately before the Share Split.
Based on the number of Shares on issue as at 16 April 2012, the Share Split would result in the total number of Shares increasing from 1,947,586 to 5,842,758.
The Company is also seeking approval for a share placement over and above its 15% capacity in order to allow the Company to act quickly should appropriate investment opportunities arise.
Timetable:
After the Share Split becomes effective, the Company will dispatch notices to Shareholders advising them of the number of Shares held by them both before and after the Share Split. The Company will also arrange for new holding statements to be issued to shareholders in accordance with the requirements of the ASX Listing Rules.
______________ Continuation Investments Limited 945 Wellington Street WEST PERTH WA 6005 ABN 91 106 854 175 phone: (08) 9322 7600 fax: (08) 9322 7602 email: [email protected]
CONTINUATION INVESTMENTS LIMITED
If the Share Split is approved by shareholders the following timetable will apply:
| Event | Date |
|---|---|
| General Meeting of Shareholders. | 15 May 2012 |
| Trading commences in the post-Share Split Shares on a deferred settlement basis. |
17 May 2012 |
| Last day for Company to register transfers on a pre-Share Split basis. Share Split effective at 5:00pm WST. |
23 May 2012 |
| First day for the Company to register securities on a post-Share Split basis. |
24 May 2012 |
| Dispatch date for notice to Shareholders and new holding statements. Deferred settlement trading ends. |
30 May 2012 |
For further information please refer to the Notice of General Meeting.
Yours Sincerely
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Sarah Smith Company Secretary
______________ Continuation Investments Limited 945 Wellington Street WEST PERTH WA 6005 ABN 91 106 854 175 phone: (08) 9322 7600 fax: (08) 9322 7602 email: [email protected]