TIDMSGZ
RNS Number : 3984T
Scotgold Resources Ltd
29 March 2016
SCOTGOLD RESOURCES LIMITED
ISSUE OF SHARES
Scotgold Resources Limited (ASX: SGZ, AIM: SGZ) ("Company")
advises that, further to its announcement on 10 March 2016, it has
today issued 83,333,332 fully paid shares by way of a placement to
sophisticated and Section 708 exempt investors. The placement
raised GBP500,000 (approximately AUD$948,500) before expenses. The
shares were issued under the Company's Listing Rule 7.1 placement
capacity.
Fee's payable to Smaller Company Capital Ltd, an appointed
representative of Vicarage Capital Ltd, as the company's corporate
advisor, amount to GBP25,000 (approximately AUD$47,425)
Please find attached a Form 3B in respect of this issue.
For further information please contact:
Scotgold Resources Stockdale Securities Capital Markets Vicarage Capital
Limited Limited Consultants Limited
------------------- --------------------- ----------------- -----------------
Richard Gray Robert Finlay/ Simon Rothschild Rupert Williams
- CEO Alastair Stratton/
Ed Thomas
------------------- --------------------- ----------------- -----------------
Tel: +44 (0)1838 Tel: +44 (0)20 Tel +44 (0)7703 Tel: +44 (0)20
400 306 7601 6100 167 065 3651 2911
------------------- --------------------- ----------------- -----------------
Appendix 3B
New issue announcement,
application for quotation of additional securities
and agreement
Information or documents not available now must be given to ASX
as soon as available. Information and documents given to ASX become
ASX's property and may be made public.
Introduced 01/07/96 Origin: Appendix 5 Amended 01/07/98,
01/09/99, 01/07/00, 30/09/01, 11/03/02, 01/01/03, 24/10/05,
01/08/12, 04/03/13
Name of entity
SCOTGOLD RESOURCES LIMITED
--------------------------
ABN
42 127 042 773
--------------
We (the entity) give ASX the following information.
Part 1 -- All issues
You must complete the relevant sections (attach sheets if there
is not enough space).
1 +Class of +securities Ordinary fully paid shares
issued or to be
issued
Number of +securities
issued or to be
issued (if known)
or maximum number
2 which may be issued 83,333,332
3 Principal terms
of the +securities Fully Paid Ordinary Shares
(e.g. if options,
exercise price
and expiry date;
if partly paid
+securities, the
amount outstanding
and due dates
for payment; if
+convertible securities,
the conversion
price and dates
for conversion)
-------------------------------
4 Do the +securities Yes
rank equally in
all respects from
the +issue date
with an existing
+class of quoted
+securities?
If the additional
+securities do
not rank equally,
please state:
* the date from which they do
* the extent to which they participate for the next
dividend, (in the case of a trust, distribution) or
interest payment
* the extent to which they do not rank equally, other
than in relation to the next dividend, distribution
or interest payment
-------------------------------
5 Issue price or GBP0.006 (approximately
consideration A$0.01 per share subject
to exchange rates)
-------------------------------
Purpose of the Completion of ongoing
issue technical studies, further
(If issued as exploration and working
6 consideration capital
for the acquisition
of assets, clearly
identify those
assets)
--------------------------------------------------
Is the entity Yes
an +eligible entity
that has obtained
6a security holder
approval under
rule 7.1A?
If Yes, complete
sections 6b -
6h in relation
to the +securities
the subject of
this Appendix
3B, and comply
with section 6i
--------------------------------------------------
The date the security 30 Nov 2015
holder resolution
under rule 7.1A
6b was passed
--------------------------------------------------
Number of +securities
issued without
security holder
approval under
6c rule 7.1 83,333,332
--------------------------------------------------
Number of +securities Nil
issued with security
holder approval
6d under rule 7.1A
--------------------------------------------------
Number of +securities Nil
issued with security
holder approval
6e under rule 7.3,
or another specific
security holder
approval (specify
date of meeting)
--------------------------------------------------
Number of +securities Nil
issued under an
exception in rule
6f 7.2
--------------------------------------------------
If +securities N/A
issued under rule
7.1A, was issue
6g price at least
75% of 15 day
VWAP as calculated
under rule 7.1A.3?
Include the +issue
date and both
values. Include
the source of
the VWAP calculation.
--------------------------------------------------
If +securities N/A
were issued under
rule 7.1A for
6h non-cash consideration,
state date on
which valuation
of consideration
was released to
ASX Market Announcements
--------------------------------------------------
Calculate the 7.1 Capacity: 129,176,722
entity's remaining 7.1A Capacity: 141,673,369
issue capacity
6i under rule 7.1
and rule 7.1A
- complete Annexure
1 and release
to ASX Market
Announcements
--------------------------------------------------
7 +Issue dates 29 March 2016
Note: The issue
date may be prescribed
by ASX (refer
to the definition
of issue date
in rule 19.12).
For example, the
issue date for
a pro rata entitlement
issue must comply
with the applicable
timetable in Appendix
7A.
Cross reference:
item 33 of Appendix
3B.
Number +Class
----------------------------- -------------------
Number and +class
of all +securities
quoted on ASX
(including the
+securities in Fully Paid
8 section 2 if applicable) 1,416,733,693 Ordinary Shares
----------------------------- -------------------
Number +Class
------------ -----------------
Number and +class
of all +securities
not quoted on
ASX (including Options Exercise
the +securities at A$0.08
in section 2 if Expiry 31
9 applicable) 3,000,000 March 2022
------------ -----------------
7,111,111 Options Exercise
(MORE TO FOLLOW) Dow Jones Newswires
March 29, 2016 07:02 ET (11:02 GMT)
at GBP0.045
Expiry 28
March 2016
------------ -----------------
30,000,000 Options Exercise
at GBP0.0069
Expiry 22
September
2017
------------ -----------------
124,095,889 Options Exercise
at GBP0.01
Expiry 30
September
2017
------------ -----------------
56,846,154 Options Exercise
at $0.012
Expiry 31
March 2016
------------ -----------------
10 Dividend policy No plans to pay dividends
(in the case of at this stage
a trust, distribution
policy) on the
increased capital
(interests)
-------------------------------
Part 3 -- Quotation of securities
You need only complete this section if you are applying for
quotation of securities
34 Type of +securities
(tick one)
(a) +Securities described in Part 1
(b) All other +securities
Example: restricted securities at the
end of the escrowed period, partly
paid securities that become fully paid,
employee incentive share securities
when restriction ends, securities issued
on expiry or conversion of convertible
securities
1 Quotation agreement
1 +Quotation of our additional +securities is in ASX's absolute
discretion. ASX may quote the +securities on any conditions it
decides.
2 We warrant the following to ASX.
-- The issue of the +securities to be quoted complies with the
law and is not for an illegal purpose.
-- There is no reason why those +securities should not be granted +quotation.
-- An offer of the (+) securities for sale within 12 months
after their issue will not require disclosure under section 707(3)
or section 1012C(6) of the Corporations Act.
Note: An entity may need to obtain appropriate warranties from
subscribers for the securities in order to be able to give this
warranty
-- Section 724 or section 1016E of the Corporations Act does not
apply to any applications received by us in relation to any
+securities to be quoted and that no-one has any right to return
any +securities to be quoted under sections 737, 738 or 1016F of
the Corporations Act at the time that we request that the
+securities be quoted.
-- If we are a trust, we warrant that no person has the right to
return the +securities to be quoted under section 1019B of the
Corporations Act at the time that we request that the +securities
be quoted.
3 We will indemnify ASX to the fullest extent permitted by law
in respect of any claim, action or expense arising from or
connected with any breach of the warranties in this agreement.
4 We give ASX the information and documents required by this
form. If any information or document is not available now, we will
give it to ASX before +quotation of the +securities begins. We
acknowledge that ASX is relying on the information and documents.
We warrant that they are (will be) true and complete.
Sign here:
............................................................ Date:
29 March 2016
(Company secretary)
Print name: Gabriel Chiappini
== == == == ==
Appendix 3B - Annexure 1
Calculation of placement capacity under rule 7.1 and rule 7.1A
for eligible entities
Introduced 01/08/12 Amended 04/03/13
Part 1
Rule 7.1 - Issues exceeding 15% of capital
------------------------------------------------------------------------------------------
Step 1: Calculate "A", the base figure from
which the placement capacity is calculated
------------------------------------------------------------------------------------------
Insert number of fully
paid +ordinary securities
on issue 12 months
before the +issue date
or date of agreement
to issue 1,045,392,472
-------------------------------------------------------------- --------------------------
Add the following: 90,000,000 - 4 May
* Number of fully paid +ordinary securities issued in 2015
that 12 month period under an exception in rule 7.2 95,295,889 - 7 Oct
2015
28,800,000 - 28 Oct
* Number of fully paid +ordinary securities issued in 2015
that 12 month period with shareholder approval 12,000 - 20 Jan 2016
73,900,000 - 22 Mar
2016
* Number of partly paid +ordinary securities that 83,333,332 - 29 March
became fully paid in that 12 month period 2016
Note:
* Include only ordinary securities here - other classes
of equity securities cannot be added
* Include here (if applicable) the securities the
subject of the Appendix 3B to which this form is
annexed
* It may be useful to set out issues of securities on
different dates as separate line items
-------------------------------------------------------------- --------------------------
Subtract the number Nil
of fully paid +ordinary
securities cancelled
during that 12 month
period
-------------------------------------------------------------- --------------------------
"A" 1,416,733,693
-------------------------------------------------------------- --------------------------
Step 2: Calculate 15% of "A"
------------------------------------------------------------------------------------------
"B" 0.15
[Note: this value cannot
be changed]
-------------------------------------------------------------- --------------------------
Multiply "A" by 0.15 212,510,054
-------------------------------------------------------------- --------------------------
Step 3: Calculate "C", the amount of placement
capacity under rule 7.1 that has already
been used
------------------------------------------------------------------------------------------
Insert number of +equity
securities issued or
agreed to be issued
in that 12 month period
not counting those
issued:
* Under an exception in rule 7.2
* Under rule 7.1A
* With security holder approval under rule 7.1 or rule
7.4
Note:
* This applies to equity securities, unless
specifically excluded - not just ordinary securities
* Include here (if applicable) the securities the
subject of the Appendix 3B to which this form is
annexed
* It may be useful to set out issues of securities on
different dates as separate line items 83,333,332
-------------------------------------------------------------- --------------------------
"C" 83,333,332
-------------------------------------------------------------- --------------------------
Step 4: Subtract "C" from ["A" x "B"] to
calculate remaining placement capacity under
rule 7.1
------------------------------------------------------------------------------------------
"A" x 0.15
Note: number must be
same as shown in Step
2 212,510,054
-------------------------------------------------------------- --------------------------
Subtract "C"
Note: number must be
same as shown in Step
3 83,333,332
-------------------------------------------------------------- --------------------------
Total ["A" x 0.15] 129,176,722
- "C" [Note: this is the
remaining placement
capacity under rule
7.1]
-------------------------------------------------------------- --------------------------
(MORE TO FOLLOW) Dow Jones Newswires
March 29, 2016 07:02 ET (11:02 GMT)
Part 2
Rule 7.1A - Additional placement capacity
for eligible entities
-----------------------------------------------------------------------------------------
Step 1: Calculate "A", the base figure from
which the placement capacity is calculated
-----------------------------------------------------------------------------------------
"A"
Note: number must be
same as shown in Step
1 of Part 1 1,416,733,693
-------------------------------------------------------------- -------------------------
Step 2: Calculate 10% of "A"
-----------------------------------------------------------------------------------------
"D" 0.10
Note: this value cannot
be changed
-------------------------------------------------------------- -------------------------
Multiply "A" by 0.10 141,673,369
-------------------------------------------------------------- -------------------------
Step 3: Calculate "E", the amount of placement
capacity under rule 7.1A that has already
been used
-----------------------------------------------------------------------------------------
Insert number of +equity Nil
securities issued or
agreed to be issued
in that 12 month period
under rule 7.1A
Notes:
* This applies to equity securities - not just ordinary
securities
* Include here - if applicable - the securities the
subject of the Appendix 3B to which this form is
annexed
* Do not include equity securities issued under rule
7.1 (they must be dealt with in Part 1), or for which
specific security holder approval has been obtained
* It may be useful to set out issues of securities on
different dates as separate line items
-------------------------------------------------------------- -------------------------
"E" Nil
-------------------------------------------------------------- -------------------------
Step 4: Subtract "E" from ["A" x "D"] to
calculate remaining placement capacity under
rule 7.1A
-------------------------------------------------------
"A" x 0.10
Note: number must be
same as shown in Step
2 141,673,369
------------------------ -----------------------------
Subtract "E" Nil
Note: number must be
same as shown in Step
3
------------------------ -----------------------------
Total ["A" x 0.10] 141,673,369
- "E" Note: this is the remaining
placement capacity
under rule 7.1A
------------------------ -----------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCSESFFUFMSESD
(END) Dow Jones Newswires
March 29, 2016 07:02 ET (11:02 GMT)
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