Gold Fields Announces Exercise of Warrants to Increase its Stake in GoldQuest
June 27 2007 - 4:29AM
PR Newswire (US)
JOHANNESBURG, South Africa, June 27 /PRNewswire-FirstCall/ -- Gold
Fields Limited (NYSE, JSE, DIFX:GFI) announced that on June 22,
2007 its indirect wholly-owned subsidiary Gold Fields Exploration
B.V. ("Gold Fields Exploration") exercised warrants to acquire
1,200,000 common shares of GoldQuest Mining Corp (TSXV:GQC)
("GoldQuest") for an exercise price of US$0.30 per common share.
The 1,200,000 common shares acquired represent approximately 2.43%
of the outstanding common shares of GoldQuest. Following its
exercise of the warrants, Gold Fields Exploration holds
approximately 10.85% of the outstanding common shares of GoldQuest.
The warrants of GoldQuest were originally acquired by Gold Fields
Exploration on August 8, 2005 as part of a private placement. While
Gold Fields Exploration has no current intention to acquire
additional securities of GoldQuest in the immediate future, it may
increase or decrease its interest in GoldQuest at prices which it
determines to be attractive at any time. GoldQuest is an
exploration company focused on the Dominican Republic. Through
regional grass-roots generative exploration and new geological
models the company has built a portfolio of new gold and copper
discoveries Gold Fields Limited is one of the world's largest
unhedged producers of gold, with attributable production of 4.2
million ounces per annum, ore reserves of 94 million ounces and
mineral resources of 251 million ounces. The company is listed on
the JSE Securities Exchange (primary listing), NYSE, LSE, DIFX,
Euronext in Paris and Brussels, as well as on the Swiss Exchange.
DATASOURCE: Gold Fields Limited CONTACT: For further information:
Gold Fields Limited - South Africa, Willie Jacobsz, , Phone
+27-11-644-2460; Nerina Bodasing, , Phone +27-11-644-2360
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