27th May 2005 11:07
Trans-Siberian Gold PLC27 May 2005 news release For immediate release: 27 May 2005 Trans-Siberian Gold plc Shareholders approve revised terms for second investment by AngloGold Ashanti LONDON: 27 May 2005 - Trans-Siberian Gold plc (TSG) is pleased to report that atthe Extraordinary General Meeting in London today shareholders approved therevised terms for the second share subscription by AngloGold Ashanti Limited(AGA) envisaged in the agreement with AGA dated 30 June 2004, and subsequentlyamended on 22 December 2004 and 15 April 2005. AGA currently has a 17.5% equity interest in TSG that will increase to 29.9%upon completion of the second subscription. The second subscription, which isexpected to be completed on 31 May 2005, will involve the issue of 6,131,585 newordinary shares to AGA at a price of £1.30 per share for a consideration of£7,971,060.50. Ends For further information, please contact: Jocelyn Waller,Managing Director,Trans-Siberian Gold plc 01223 265 761/ 07778 164 376 Simon Olsen,Finance Director 01223 265 768/ 07770 484 965Trans-Siberian Gold plc Keith Irons, 020 7444 4155/ 07885 356 639Simon Rothschild 020 7444 4153/ 07703 167 065Bankside Consultants Michael O'Brien, 020 7523 8423Chris Howard, 020 7523 8314Collins Stewart This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
TSG.L