Scotgold Resources Ltd Rights Issue - Extension of Acceptance Period (5941Y)

TIDMSGZ

RNS Number : 5941Y

Scotgold Resources Ltd

06 December 2017

Scotgold Resources Limited

6 December 2017

Scotgold Resources Limited

Rights Issue - Extension of Acceptance Period & Online Acceptance Details

Extension of Acceptance Period

Further to the announcement of 13 November 2017 in respect of the Rights Issue, Scotgold Resources Limited (AIM:SGZ) (the "Company" or "Scotgold") advises that the period for acceptance of Entitlement and Acceptance Forms by the Company from Eligible Shareholders has been extended by 7 days. The updated timetable appears below:

Timetable

 
 Lodgement of OIS with ASIC and              13 November 
  Announcement of Offer                       2017 
 Exposure (ASIC review) period               21 November 
  ends                                        2017 
 Record Date                                 21 November 
  (date for determining entitlements          2017 
  of Eligible Shareholders to participate 
  in the Rights Issue as at 5:00pm 
  (WST)) 
  (date for determining entitlements 
  of eligible Depositary Interest 
  Holders to participate in the 
  Rights Issue as at 6:00pm (GMT)) 
 Shares marked "ex-rights" by London         22 November 
  Stock Exchange                              2017 
 Offer document dispatched to shareholders   23 November 
  (expected date of dispatch of               2017 
  Offer document, entitlement acceptance 
  forms) 
 Offer and Shortfall Offer Open              23 November 
                                              2017 
 Offer and Shortfall Offer Closing           15 December 
  Date*                                       2017 
  for Eligible Shareholders (5.00pm 
  (WST)); and 
  for Eligible Depositary Interest 
  Holders (11.00am (GMT) 
 Shortfall Offer closing date*               17 December 
  for eligible third parties (5.00pm          2017 
  (WST) 
 Result of Rights Issue and total            21 December 
  shares in issue Announcement                2017 
 Issue date of Securities                    27 December 
                                              2017 
 AIM Admission date and CREST accounts       29 December 
  credited for Depositary Interests           2017 
  (indicative) 
 

Online Acceptance Details

Scotgold wishes to advise certificated holders of shares, that the offer documents may be reviewed and rights taken up online as set out below:

Shareholders can access Investor Centre at the following address:

https://www-au.computershare.com/Investor

To access the entitlement forms:

   -           Click 'Access a single holding'; 
   -           Complete the login page using the SRN/HIN shown on your share certificate; 
   -           Select 'Statements & Documents' to access the application. 

If you have any issues accessing the entitlement forms please contact Computershare on: 1300 850 505 (inside Australia) and [phone] (outside Australia).

Holders of DIs should contact their nominee directly to enquire as to the process for acceptance.

Capitalised terms used but not defined in this announcement are as defined in the Offer Information Statement that has been mailed to Eligible Shareholders and is available on the Company's website www.scotgoldresources.com.

For further information please contact:

   Scotgold Resources Limited                                        Stockdale Securities Limited 

Richard Gray Robert Finlay / Ed Thomas

   Tel: [phone]                                                 Tel: [phone] 
   Capital Markets Consultants                                        Smaller Company Capital Ltd 
   Simon Rothschild                                                           Rupert Williams 
   Tel [phone]                                                 Tel: [phone] 

This information is provided by RNS

The company news service from the London Stock Exchange

END

ARIFSFFLMFWSEIE

(END) Dow Jones Newswires

December 06, 2017 10:00 ET (15:00 GMT)