BGL Bullabulling

TIDMBGL

RNS Number : 1611A

Bullabulling Gold Limited

15 March 2013

Bullabulling Gold Limited

 
 15 March 2013       ASX Code: BAB, AIM Code: BGL 
 

Re Entitlement Offer

Bullabulling Gold Limited confirms it has today dispatched a letter regarding the Entitlement Offer, announced on 14 March 2013, to all shareholders in the Company.

A copy of the text included in the letter is below and can be found on the Company's website: www.bullabullinggold.com

For information, contact:

 
 Brett Lambert                    Westhouse Securities Limited 
  Bullabulling Gold Limited        (UK Nominated Adviser) 
  Level 2, 55 Carrington Street    Martin Davison/Jonathan Haines 
  Nedlands, WA, 6009, Australia    Tel: +44 20 7601 6100 
  Tel: +61 8 9386 4086 
-------------------------------  ----------------------------------------------- 
 Neil Boom                        John Gardner / Rupert Dearden 
  Gresham PR Ltd (UK media)        MAGNUS Investor Relations. Corporate 
  Tel: +44 7866 805 108            Communication. (Australian Media) 
                                   Tel: +61 8 9212 0101 
                                   jgardner@magnus.net.au rdearden@magnus.net.au 
-------------------------------  ----------------------------------------------- 
 

15 March 2013

Dear Shareholder

Bullabulling Gold Limited - Non-renounceable pro rata entitlement offer

As announced on 14 March 2013, Bullabulling Gold Limited (Bullabulling) is undertaking a pro rata non-renounceable entitlement offer of new ordinary shares in Bullabulling (New Shares) to raise up to $7,563,347 (before costs and subject to rounding and exchange rate variations) (Entitlement Offer). The Entitlement Offer is being made on the basis of 1 New Share for every 2 Bullabulling shares held at 5.00pm (AWST) (or in the case of Depositary Interest Holders, 5.00pm (GMT)) on 22 March 2013 (the Record Date) at an offer price of A$0.05 (or GBP0.035* for eligible Depositary Interest holders).

* Determined using an exchange rate of 0.6893 GBP:AUD on 12 March 2013.

The net proceeds of the Entitlement Offer will be used to fund a definitive feasibility study, (including associated resource drilling) on the Bullabulling Gold Project.

Overview of Entitlement Offer

The Entitlement Offer is being made to all Bullabulling shareholders who were a registered holder of Bullabulling's shares or Depositary Interests and had a registered address on the Bullabulling securities register in Australia, New Zealand or the United Kingdom as at the Record Date (Eligible Shareholders). Shareholders not satisfying these criteria will not be eligible to participate in the Entitlement Offer.

New Shares issued under the Entitlement Offer will rank equally with all ordinary shares already on issue. Under the Entitlement Offer, Bullabulling will issue up to a maximum of approximately 151,266,936 New Shares (subject to rounding), resulting in total Bullabulling ordinary shares on issue after completion of the Entitlement Offer of up to approximately 453,800,807 (subject to rounding).

For the purposes of calculating each Eligible Shareholder's entitlements, fractional entitlements to New Shares will be rounded up to the nearest whole number of shares.

Offer documents

An ASX announcement and investor presentation detailing the Entitlement Offer were released on ASX on 14 March 2013 and an offer booklet will be released by 28 March 2013 (Offer Documentation). Copies of the ASX announcement and investor presentation are available on Bullabulling's website (www.bullabullinggold.com) and on ASX's website (www.asx.com.au). Eligible Shareholders will be mailed a copy of the Offer Documentation together with an entitlement and acceptance form on or before 28 March 2013.

It is important that Eligible Shareholders read the Offer Documentation carefully before deciding whether to invest and, if in any doubt as to how to proceed, consult with their professional advisers. If Eligible Shareholders wish to participate, they should follow the directions in the Offer Documentation for the action required of Eligible Shareholders.

Key dates for the Entitlement Offer

 
Event                                          Date (2013) 
=============================================  =================== 
Shareholders trade on 'ex' entitlement         Monday, 18 March 
 basis 
=============================================  =================== 
Record date for determining entitlements       Friday, 22 March 
 to participate in Entitlement Offer 5.00pm 
 (AWST) for ASX shareholders and 5.00pm 
 (GMT) for AIM sharehoders/ Depositary 
 Interest holders 
=============================================  =================== 
Completion of dispatch of offer documentation  Thursday, 28 March 
 and entitlement and acceptance form to 
 shareholders 
=============================================  =================== 
Opening date                                   Thursday, 28 March 
=============================================  =================== 
Closing date for acceptance and payment.       Monday, 15 April 
 5.00 pm (AWST) 
=============================================  =================== 
New Shares trade on a deferred settlement      Tuesday, 16 April 
 basis 
=============================================  =================== 
Notification of under subscriptions            Thursday, 18 April 
=============================================  =================== 
Allotment of New Shares and dispatch           Tuesday, 23 April 
 of holding statements to shareholders 
=============================================  =================== 
Normal trading for New Shares commences        Wednesday, 24 April 
=============================================  =================== 
 

Note that all dates are indicative only. Bullabulling reserves the right to change these dates subject to the Corporations Act 2001 (Cth), ASX Listing Rules and AIM Rules. All times are Australian Western Standard Time unless otherwise indicated. If you have any queries, please contact the Offer Information Line on 1300 850 505 (within Australia) or +61 3 9415 4000 (outside Australia) between 8.30am and 5.00pm (AWST) from Monday to Friday. If you are a Depositary Interest Holder, please call +44 (0) 870 702 0000 between 9.00am and 5.00pm (GMT) on any London business day.

Yours faithfully

David McArthur

Company Secretary

This information is provided by RNS

The company news service from the London Stock Exchange

END

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