GGG Ggg Resources

 
TIDMGGG 
 
GGG Resources plc 
 
                           (the "Company" or "GGG") 
 
                ASX oversubscribed placing raises A$ 9 million 
 
                    Application lodged for Admission to ASX 
 
London 25 January 2011 
 
West Australian gold exploration and development company GGG Resources plc ( 
ASX:GGB; AIM: GGG) is pleased to announce the successful completion of its 
fundraising under the prospectus lodged in Australia on 10 January 2011 (the 
"Prospectus"). Accordingly the Company has applied for its secondary listing on 
the Australian Securities Exchange ("ASX"). 
 
The offer under the Prospectus ("Offer") is now closed, the Company having 
raised A$9 million from institutional and private investors. The Offer was 
oversubscribed and will result in the issue of 22,500,000 ordinary shares in 
the Company at a price of A$ 0.40 per share (the "Placing Shares"). The Placing 
is conditional upon admission to the ASX. 
 
GGG Resources is already listed on the London Stock Exchange's AIM. An 
application has been lodged for a listing on the Australian Securities Exchange 
(ASX). The ASX ticker for the Company will be GGB. Shareholders will shortly be 
advised when admission to the ASX will take place. 
 
The funds raised will be used to further advance GGG's 50% interest in the 
exciting Bullabulling Project, a former gold mine in the Coolgardie Goldfield 
at which GGG plans to recommence mining operations in 2013, and towards 
additional exploration. 
 
The capital raising was managed by leading Western Australian corporate 
advisory firm Azure Capital Limited with the shares being placed by Morgan 
Stanley Smith Barney. 
 
Upon listing on the ASX the Company will have approximately A$23 million in 
cash and an 8.5% interest in its joint venture partner Auzex Resources Ltd. 
Auzex Resources Ltd also own 50% of the Bullabulling Project. 
 
The Placing Shares will rank pari passu in all respects with the Company's 
existing ordinary shares on issue, although trading on ASX will be in the form 
of a Chess Depository Interests ("CDIs"). Application will be made to London 
Stock Exchange plc for the Placing Shares to be admitted to trading on AIM 
("Admission"), with Admission expected to occur in conjunction with the listing 
of the CDIs on the ASX. Following Admission, the total number of shares in 
issue will be 167,923,590. 
 
Peter Ruxton, Chairman of GGG Resources plc, commented: 
 
"We are delighted to have raised A$9 million in new funds for our 
rapidly-developing Bullabulling gold project. We wish to extend a warm welcome 
to our new shareholders and would like to thank our advisors Azure Capital for 
their efforts in relation to the highly successful fundraising." 
 
Enquiries,please contact: 
 
Dr. Jeffrey Malaihollo         Westhouse Securities Limited (Nominated Adviser) 
 
Tel: 01992 531820              Martin Davison 
 
Email: www.gggresources.com    Tel: 020 7601 6100 
 
Gresham PR Ltd.                Collins Stewart Europe Limited (UK Broker) 
 
Neil Boom                      John Prior / Adam Miller 
 
Tel: 07866 805 108             Tel: 020 7523 8350 
 
Professional Public Relations  Azure Capital Limited 
 
David Brooks                   Alec Pismiris 
 
Tel: + 61 8 9388 0944          Tel: + 61 8 6263 0888 
 
Notes: 
 
For more information on the Prospectus and the Offer please see announcements 
dated 10 January 2011 and 13 December 2010. 
 
 
 
END 
 

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