16 Dec 2013 07:00
16 December 2013
Scotgold Resources Limited
Non-renounceable Rights Issue
Extension of Closing Date
Scotgold Resources Limited ("Scotgold" or the Company" advises that it has extended the closing date for its current non-renounceable rights issue from 23 December 2013 to 31 December 2013.
As announced on 26 November 2013, Scotgold offered a non-renounceable pro rata rights issue of up to 166,174,304 fully paid ordinary shares on the basis of three new shares for every four shares held by Scotgold's shareholders with a registered address in Australia, New Zealand or United Kingdom as at 5.00pm (WST) on 5 December 2013 "Eligible Shareholders") at an issue price of 0.50 cents per new share.
Eligible Shareholders may also elect to participate in the shortfall and apply for new shares in excess of their pro rata entitlements under the Rights Issue. The shortfall may also be placed with third parties at the Board's discretion.
The revised timetable is as follows:
Event | Date |
Closing Date for Rights Issue Offer | 31-Dec-13 |
Notification to ASX of under subscriptions | 6-Jan-14 |
Allotment | 6-Jan-14 |
Dispatch of holding statements | 7-Jan-14 |
P J Newcomb
COMPANY SECRETARY
For further information please contact:
United Kingdom:
Scotgold Resources Limited | Westhouse Securities Limited | Bankside Consultants |
John Bentley (Chairman) | Richard Baty / Martin Davidson | Simon Rothschild |
Tel: +44 (0)77 8592 1505 | ||
Chris Sangster (CEO) | ||
Tel: +44 (0)77 2562 9509 | Tel: +44 (0)20 7601 6100 | Tel +44 (0)20 7367 8888 |
Australia:
Scotgold Resources Limited | Professional Public Relations |
Peter Newcomb (Company Secretary) | Belinda Newman |
Tel: +61 (8) 9222 5850
| Tel: +61 (8) 9388 0944 Mobile: +61 (0) 401 802 210 |
SGZ.L (SGZ)