Placements::Proposed Placement of Up to 226.5M New Ordinary Shares and Lodgment of Offer Information Statement

Issuer & Securities

Issuer/ Manager
GOLDEN ENERGY AND RESOURCES LIMITED
Securities
GOLDEN ENERGY AND RESOURCESLTD - SG1AI1000008 - AUE
Stapled Security
No

Announcement Details

Announcement Title
Placements
Date &Time of Broadcast
15-May-2015 17:12:17
Status
New
Announcement Sub Title
Proposed Placement of Up to 226.5M New Ordinary Shares and Lodgment of Offer Information Statement
Announcement Reference
SG150515OTHRZS8T
Submitted By (Co./ Ind. Name)
Pauline Lee
Designation
Joint Company Secretary
Description (Please provide a detailed description of the event in the box below)
The information and attachment contained herein were previously announced on 14 May 2015 under "General Announcement". Please refer to the announcement thereon, reference no. SG150514OTHR5VSF.

The Board would like to inform Shareholders the following:-

(1) "Offer Price" - The Company intends to issue the Placement Shares at an issue price of S$0.95 per Placement Share. Notwithstanding, the Placement Price will be determined following the completion of the Placement Agent's book building process and to be mutually agreed between the Company and the Placement Agent taking into consideration, inter alia, the prevailing market conditions, provided that such Placement Price shall not be less than S$0.50 per Placement Share; and

(2) "New Shares Issued" - the Company will issue up to 226,500,000 Placement Shares.

The Company shall announce the "Offer Price", the number of "New Shares Issued" and the "Capital Amount - New" after these have been determined.

Additional Details

Capital Amount-Old
USD 1,546,171,000
Capital Amount-New
USD 1,708,690,000
No. of Existing Outstanding Shares
2,170,120,082
New Shares Issued
226,500,000
Offer Price
SGD 0.95

Attachments

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22/05/2015 21:53:25