Kolar Gold Limited Exercise of Warrants and Issue of Shares (4029B)
03 April 2013 - 5:00PM
UK Regulatory
TIDMKGLD
RNS Number : 4029B
Kolar Gold Limited
03 April 2013
COMPANY ANNOUNCEMENT
3 April 2013
KOLAR GOLD LIMITED
("KGL" or the "Company")
Company Registration Number: 53026
EXERCISE OF WARRANTS AND ISSUE OF SHARES
Kolar Gold Limited ("Kolar Gold" or the "Company"), the Indian
focused gold exploration and mine development company, announces
that following a meeting of the Board of Directors held today, the
following exercise of warrant and issue of shares has been
approved.
As stated in the Company's Admission Document dated 10 June
2011, Kolar Gold granted its local partner SUN Mining two tranches
of performance warrants for assisting with operations in India and
performing an agreed set of services.
SUN Mining has exercised its second tranche of warrants with
submission of the Exercise Notice dated 25 March 2013 and has today
been issued 2,916,559 Ordinary shares of 7 pence each fully
paid.
Application will shortly be made to the London Stock Exchange
for 2,916,559 Ordinary shares to be admitted to trading on AIM.
Admission is expected to occur on [9] April 2013. Following
Admission, the Company will have 106,293,537 ordinary shares in
issue. There are no shares held in treasury and so the total number
of voting rights in the Company following Admission will be
106,293,537.
Enquiries:
Kolar Gold Limited
Nick Spencer +617 3846 0211
N+1 Singer (Nomad and Joint Broker)
James Maxwell / Jenny Wyllie +44 20 7496 3000
Ocean Equities Limited (Joint Broker)
Will Slack +44 207786 4370
Tavistock Communications
Ed Portman +44 207 920 3150
This information is provided by RNS
The company news service from the London Stock Exchange
END
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