Perth, Australia - Taruga Gold Ltd. (ASX:TAR) ("Taruga" or the "Company") is pleased to announce that the disposal of 100% of its interest in International Goldfields (Bermuda) Limited to AIM-listed Kodal Minerals Plc completed after market on Friday, 20 May 2016 as set out in the revised timetable announced on Monday, 16 May 2016.
1,025,000,000 Kodal shares ("Consideration Shares") have been issued to Taruga as consideration for the disposal, and Mr Bernard Aylward, Managing Director of the Company, is appointed as Chief Executive Officer of Kodal effective from completion.
The Company will now undertake an in specie distribution of the Consideration Shares to all eligible Taruga shareholders as at the in specie distribution record date of Friday, 27 May 2016.
As previously announced and approved at the recent General Meeting of shareholders, the Company intends to complete a placement to sophisticated and professional investors to raise $950,000 and lodge with ASIC and ASX a prospectus to undertake a non-renounceable entitlement issue to eligible shareholders on the rights issue record date of Tuesday, 14 June 2016.
For further information, please refer to the Notice of Meeting and Prospectus lodged with ASX on Friday, 8 April 2016 and the revised timetable announced on Monday, 16 May 2016.
About Taruga Gold Ltd:
Taruga Gold Ltd. (ASX:TAR) is a West African focused gold explorer that has compiled, and is currently compiling, a diverse portfolio of exploration projects within the Birimian geology of West Africa. This region is at present one of the world's great gold districts and has had a significant rate of discovery and development on new gold mines over past decades.
Contact:
Bernard Aylward Managing Director Taruga Gold Ltd. T: +61-8-9486-4036 E: admin@tarugagold.com.au www.tarugagold.com.au
Für den Inhalt des Beitrages ist allein der Autor verantwortlich bzw. die aufgeführte Quelle. Bild- oder Filmrechte liegen beim Autor/Quelle bzw. bei der vom ihm benannten Quelle. Bei Übersetzungen können Fehler nicht ausgeschlossen werden. Der vertretene Standpunkt eines Autors spiegelt generell nicht die Meinung des Webseiten-Betreibers wieder. Mittels der Veröffentlichung will dieser lediglich ein pluralistisches Meinungsbild darstellen. Direkte oder indirekte Aussagen in einem Beitrag stellen keinerlei Aufforderung zum Kauf-/Verkauf von Wertpapieren dar. Wir wehren uns gegen jede Form von Hass, Diskriminierung und Verletzung der Menschenwürde. Beachten Sie bitte auch unsere AGB/Disclaimer!
Perth, Australia - Taruga Gold Ltd. (ASX:TAR) ("Taruga" or the "Company") is pleased to announce that the disposal of 100% of its interest in International Goldfields (Bermuda) Limited to AIM-listed Kodal Minerals Plc completed after market on Friday, 20 May 2016 as set out in the revised timetable announced on Monday, 16 May 2016.
