Kolar Gold Limited Admission of Ordinary Shares (8455U)
04 Januar 2013 - 11:10AM
UK Regulatory
TIDMKGLD
RNS Number : 8455U
Kolar Gold Limited
04 January 2013
4 January 2013
Kolar Gold Ltd
Admission of Ordinary Shares
Following the announcement on 31 December 2012, Kolar Gold
Limited ("Kolar Gold" or the "Company"), the Indian focused gold
exploration and mine development company, announces that it has
applied for 3,225,182 ordinary shares of 7p each ("Ordinary
Shares") to be admitted to trading on AIM. Admission of the shares
is expected to take place on Wednesday 9 January 2013.
Following the admission of the 3,225,182 Ordinary Shares, the
Company's enlarged issued share capital will comprise 103,376,978
Ordinary Shares with one voting right per share. There are no
shares held in treasury. The total number of voting rights in the
Company is therefore 103,376,978.
This figure of 103,376,978 Ordinary Shares may be used by
shareholders in the Company as the denominator for the calculations
by which they will determine if they are required to notify their
interest in, or a change in their interest in, the share capital of
the Company under the FSA's Disclosure and Transparency Rules.
For further information please contact:
Kolar Gold Limited
Nick Spencer / Chris Clowes +617 3846 0211
N+1 Singer (Nomad and Joint Broker)
James Maxwell / Jenny Wyllie +44 20 7496 3000
About Kolar Gold Limited:
Kolar Gold is an Indian gold exploration and development
company, traded on the AIM market (Ticker: KGLD) that has an
experienced international board and strong local partners.
Kolar Gold has rights to explore and develop one prospecting
licence and 13 further licence applications in the Kolar Gold Belt,
an 80 kilometre long Archaean Greenstone Belt, in Southern India.
The Kolar Gold Belt is one of the most prospective underdeveloped
Archaean Greenstone Belts in the world and is regarded by Mr Andrew
J Vigar of Mining Associates Limited, the Competent Person, as
comparable to the Archaean Greenstone Belts of South Africa, Canada
and Western Australia which have similar geology, structure and
style of mineralisation. This project area includes 32 known
mineralised prospects and covers 568 square kilometres in the
southern states of Andhra Pradesh, Karnataka and Tamil Nadu. KGL
commenced exploration on the first Prospecting Licence in South
Kolar in February 2011.
Kolar Gold is also jointly pursuing, with the mine employee
unions, the acquisition and revival of the neighbouring historic
Kolar Gold Fields which has produced 25 million ounces of gold at
15.9 grams per tonne over 120 years until closure in 2001.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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