General Announcement::SGX welcomes BlackGold Natural Resources to Catalist

Issuer & Securities

Issuer/ Manager
SINGAPORE EXCHANGE LIMITED
Securities
SINGAPORE EXCHANGE LIMITED - SG1J26887955 - S68
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
12-Mar-2015 09:29:22
Status
New
Announcement Sub Title
SGX welcomes BlackGold Natural Resources to Catalist
Announcement Reference
SG150312OTHR2Y0W
Submitted By (Co./ Ind. Name)
Patricia Choo
Designation
VP, Marketing & Comms
Description (Please provide a detailed description of the event in the box below)
Singapore Exchange (SGX) today welcomed BlackGold Natural Resources Limited, formerly known as NH Ceramics Ltd, to Catalist under the stock code 41H .

The listing follows the acquisition by NH Ceramics Ltd of the entire issued and paid-up ordinary shares in the share capital of BlackGold Asia Resources Private Limited and BlackGold Energy Limited for a consideration of S$187.5 million, satisfied fully by the issue and allotment of shares in NH Ceramics Ltd. As part of the RTO exercise, the company placed out 86 million shares at S$0.295 a share, raising a total of S$25.37 million. Upon completion of the RTO, the enlarged entity would have an estimated market capitalisation of about S$233 million.

BlackGold Natural Resources and its subsidiaries ( BlackGold Group ) are an Indonesian-led group of companies which are principally engaged in coal exploration and mining in Riau province, Indonesia.

Philip Cecil Rickard, CEO of BlackGold Natural Resources, said, BlackGold is proud to be a listed company on SGX, offering investors the opportunity to benefit from Indonesia s rapidly-growing energy and power sectors through the security of this established stock exchange. As Indonesia is a resource-rich nation with a growing domestic demand for energy, we are confident that BlackGold s assets and corporate strategy to provide coal for power will create future value for our new shareholding base in Singapore.

Mohamed Nasser Ismail, Head of SME Development and Listings, SGX, said, We are pleased to welcome BlackGold Natural Resources to Catalist, a proven platform for regional SMEs to raise capital, including those in the minerals business. SGX continues to grow in appeal as a venue for coal listings. BlackGold Natural Resources is the third coal company to be listed here and our second new coal listing in the last five months. We look forward to partnering the company in its growth ambitions.

The listing of BlackGold Natural Resources brings the total market capitalisation of SGX-listed coal companies to S$626 million, and the total number of companies in the mineral, oil and gas sector to 26 with a combined market capitalisation of S$3.9 billion.

Shares of BlackGold Natural Resources opened at 28.5 cents, down 5%.

Attachments

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