GGG receives approval to list on ASX
May 05 2011 - 3:08AM
UK Regulatory
TIDMGGG
GGG Resources plc
(the "Company" or "GGG")
GGG Receives Conditional Approval for Admission to the Official List of ASX
GGG Closes Australian Share Offeringto Raise Over AUD$8m
Western Australian-focused resources company GGG Resources plc (AIM: GGG) has
received formal conditional approval to be admitted to the Official List of the
Australian Securities Exchange (ASX).
The Company also successfully closed its Australian share offering at 5pm (WST)
on 2 May 2011. Under the offering, GGG accepted applications for a total of
20,075,000 shares at an issue price of AUD$0.40, raising in total
AUD$8,030,000.
The Company is currently in the process of fulfilling the conditions to obtain
ASX's final approval to be admitted to the Official List of the ASX. Subject to
receipt of ASX's final approval, the Company anticipates that the ordinary
shares to be issued under GGG's Australian share offering (in the form of CDIs)
will commence trading on the ASX by mid-to-late May under the code GGB.
Shareholders will be notified of the precise date of the first day's trading on
the ASX as soon as this date is confirmed.
Jeff Malaihollo, Managing Director of GGG Resources Plc, said:
"We are delighted with ASX's decision after some unexpected delays. We wish to
thank our new Australian shareholders and advisors for their patience and
considerable commitment to the Company's vision of developing a major new gold
mine at Bullabulling in the Coolgardie Goldfields.
Upon admission to the Official List of the ASX, the Company will be listed on
ASX as well as AIM. We will then be able to offer Auzex shareholders the choice
of having the GGG shares they receive, as consideration for the off market
takeover offer for Auzex, registered on GGG's Australian share register (and
trade those shares, in the form of CDIs on the ASX market) or GGG's United
Kingdom share register (and trade those shares on the AIM market).
The completion of the Company's secondary listing on the ASX will assist us to
raise further capital required to fund the development of the Bullabulling
Project in both Australia and the UK."
Contacts:
Dr. Jeffrey Malaihollo Westhouse Securities Limited (UK Nominated
Adviser)
MD, GGG Resources plc (UK)
Tom Price / Martin Davison
Tel: + 44 1992 531820
Tel: + 44 20 7601 6100
Email: www.gggresources.com
Neil Boom Collins Stewart Europe Limited (Broker)
MD, Gresham PR Ltd (UK). John Prior / Adam Miller
Tel: + 44 7866 805 108 Tel: + 44 20 7523 8350
David McArthur David Brook
GGG Resources plc (Australia) Professional Public Relations (Australia
media)
41 Stirling Highway
T: +61 8 9388 0944/ +61 433 112 936
Nedlands, WA 6009
E: david.brooks@ppr.com.au
Australia
Tel: +61 8 9423 3200
END
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