Issue of Equity

 

TIDMAGLD 
 
RNS Number : 3320E 
Allied Gold Limited 
18 December 2009 
 

Not for distribution to United States newswire services 
 or for 
dissemination in the United States 
 
 
FOR IMMEDIATE RELEASE    7.00am 18 December 2009 
 
 
 
 
allied gold limited 
 
 
("Allied", "Allied Gold" or "the Company") 
 
 
Issue of Equity 
 
 
Allied Gold Limited ("Allied Gold" or the "Company") (TSX:ALG; ASX:ALD; 
AIM:AGLD) is pleased to announce that it has issued and allotted 456,699,000 new 
Ordinary Shares (the "Shares") in connection with its previously announced 
offering at a price of C$0.335 per share (or, for settlement in the United 
Kingdom, 19.4p per share) whereby raising approximately GBP88 million or A$160 
million (the "Offering"). 
 
 
The Shares will rank pari passu with all existing ordinary shares, and trading 
of the Shares on AIM is expected to commence on 18 December 2009. This brings 
the total shares in issue to 1,035,412,865 (the "Enlarged Share Capital") and 
total Options over Ordinary Shares to 83,624,427, representing approximately 
8.07% of the issued share capital. 
 
 
As part of the Offering M&G Investments Plc, a 16.22% shareholder in Allied Gold 
by virtue of their holding  of 93,839,177 Ordinary Shares, have subscribed for 
an additional 107,400,000 new Ordinary Shares at 19.4p per share. This is a 
related party transaction under the AIM Rules and therefore the Directors, 
having consulted the Company's Nominated Adviser, Beaumont Cornish Limited, 
consider that the terms of the transaction are fair and reasonable insofar as 
the Company's Shareholders are concerned. 
 
 
Following the completion of the offering M&G Investments Plc hold 201,239,177 
Ordinary Shares representing 19.44% of Allied's Enlarged Share Capital. 
 
 
In addition, as a result of the Offering, Baker Steel Capital Managers hold 
110,872,187 Ordinary Shares representing 10.71% of Allied's Enlarged Share 
Capital, Capital Research Global Investors hold 74,040,274 Ordinary Shares 
representing 7.15% of Allied's Enlarged Share Capital, Fidelity (Institutional 
Group) hold 51,214,755 Ordinary Shares representing 4.95% of Allied's Enlarged 
Share Capital and JP Morgan Asset Management UK Ltd hold 34,265,465 Ordinary 
Shares representing 3.31% of Allied's Enlarged Share Capital . 
 
 
 
 
For further information, contact: 
 
 
Allied Gold Limited 
Mark Caruso 
Executive Chairman 
T:[phone] 
 
 
Frank Terranova 
Chief Financial Officer 
T: [phone] 
M: [phone] 
E: [e-mail] 
 
 
Peter Torre 
Company Secretary 
T: [phone] 
E: [e-mail] 
 
 
Beaumont Cornish Limited 
 
 
Roland Cornish 
Beaumont Cornish Limited 
T: [phone] 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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