Last checked at 12 May 2009 08:38
12 May 2009
notice TO SHAREHOLDERS re PRO RATA OFFER
The attached Notice regarding Berkeley's proposed pro rata offer has been sent to current shareholders today.
Enquiries - Managing Director: Matt Syme Tel: +61 417 906 717
RBC Capital Markets: Martin Eales Tel: +44 20 7029 7881
12 May 2009
Dear Shareholder
Notice to Shareholders of a Non-Renounceable Pro Rata Entitlements Issue
We write to you as a registered holder of Berkeley Resources Limited (Berkeley) Shares (ASX code: BKY) as at today's date.
As announced on 23 March 2009, the directors of Berkeley have resolved to undertake a non-renounceable pro rata offer to eligible shareholders on the basis of 1 Share for every 20 Shares held at the Record Date at an issue price $0.50, together with 1 free attaching Listed Option for every 2 Shares subscribed for (Offer). These Listed Options will be exercisable at $0.75 on or before the exercise date, which is anticipated to be 15 May 2013 (subject to change).
The Offer is available to Berkeley shareholders who have registered addresses in Australia on the record date of 19 May 2009 (Record Date).
The prospectus in relation to the Offer has been lodged with the ASIC and ASX and is available at the ASX website: www.asx.com.au and at the Company's website: www.berkeleyresources.com.au.
You will be entitled to participate in the Offer if you remain registered as a shareholder of Berkeley on the Record Date with a registered address in Australia. The timetable for the Offer is as follows:
| Announcement of Offer and lodge Appendix 3B | 23 March 2009 |
| Lodgement of Prospectus with ASIC and ASX / Amended Appendix 3B | 8 May 2009 |
| Company sends letter to Shareholders containing information required by Appendix 3B | 12 May 2009 |
| Existing Shares quoted on an "ex" basis | 13 May 2009 |
| Record date for determining entitlements under the Offer | 19 may 2009 |
| Prospectus and Entitlement and Acceptance Form despatched to Eligible Shareholders | 25 May 2009 |
| Announce to ASX that prospectus has been sent to Eligible Shareholders | 25 May 2009 |
| Closing Date | 9 June 2009 |
| Securities quoted on a deferred settlement basis | 10 June 2009 |
| Berkeley notifies ASX of under subscriptions | 12 June 2009 |
| Date for allotment and issue of the Securities | 12 June 2009 |
| Date for despatch of holder statements and lodge Appendix 3B | 15 June 2009 |
| Anticipated date of commencement of trading of Securities | 16 June 2009 |
A copy of the prospectus will be sent to you if you are a shareholder at the Record Date with a registered address in Australia.
If you are in doubt about what to do, you should contact your professional adviser without delay.
Yours sincerely
Clint McGhie
Company Secretary