RESOLUTE MINING LIMITED ASX ANNOUNCEMENT
01
28 November 2014
EXTENSION OF CONVERTIBLE NOTE OFFER CLOSING DATEResolute Mining Limited (ASX: RSG, Resolute or the Company) advises
that it has extended the Closing Date of the convertible note offer announced on 7 November 2014 to raise up to $25 million (Offer).
The Closing Date of the Offer has been extended from 28 November 2014 to
5 December 2014.
Revised Indicative Timetable
The revised indicative timetable* for the Offer is as follows:
Closing Date of Offer | 5 December 2014 |
Notify underwriter of shortfall | 8 December 2014 |
Anticipated date for issue of Notes | 11 December 2014 |
*This timetable is indicative only and subject to change. Subject to the Listing Rules, the Directors reserve the right to extend the Closing Date for the Offer. Any extension of the Closing Date will have a consequential effect on the anticipated date for issue of the Notes.
PETER SULLIVANChief Executive Officer
About Resolute:
Resolute is an unhedged gold miner with two operating mines in Africa and Australia. The Company is one of the largest gold producers by volume listed on the ASX. Resolute's flagship Syama project in Mali is on track for an
increase in production to 270,000oz of gold a year following an approved expansion to be undertaken through
FY2016. At its Ravenswood mine in Queensland Resolute is investigating a number of opportunities to add value by increasing gold production and lowering operating costs. In Ghana, the Company is now the owner and operator of the advanced Bibiani gold project where work is being undertaken on an underground feasibility study including a
20,000m drill program. The Company controls an extensive footprint along the highly prospective Syama Shear and Greenstone Belts in Mali and Cote d'Ivoire. Resolute has also identified a number of highly promising exploration targets at its Ravenswood operations and holds a number of exploration projects in Tanzania surrounding its now completed Golden Pride mine.
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