22nd Dec 2009 10:05
FOR IMMEDIATE RELEASE 22 December 2009
allied gold limited
("Allied", "Allied Gold" or "the Company")
Issue of Equity
Allied Gold Limited ("Allied Gold" or the "Company") (TSX:ALG; ASX:ALD; AIM:AGLD) announces the following changes to its securities on issue:
The issue of 1,299,870 fully paid ordinary shares pursuant to the takeover of Australian Solomons Gold Limited.
The cancellation of 4,512,500 unlisted options exercisable at $0.35 on or before 31 October 2011. (Note: There were 9,025,000 unlisted options exercisable at $0.35 on or before 31 October 2011, which vested upon the 100,000 ounce of gold produced for the period 1 October 2008 to 31 December 2009. The Board retained the discretion to vest 50% of these options id the target was not met.)
The issue of 1,125,000 unlisted options exercisable at $0.50 on or before 31 December 2013 pursuant to the Allied Gold Limited Employee Incentive Option Plan.
The Fully Paid Ordinary Shares will rank pari passu with all existing ordinary shares, and trading of the Shares on AIM is expected to commence on 30 December 2009. This brings the total shares in issue to 1,036,712,735 and total Options over Ordinary Shares to 80,286,927 representing approximately 7.74% of the issued share capital.
For further information, contact:
Allied Gold Limited
Mark Caruso
Executive Chairman
T:+61 8 93533638
Frank Terranova
Chief Financial Officer
T: +61 7 3252 5911
M: +61 448 187 557
Peter Torre
Company Secretary
T: +61 8 9287 4604
Beaumont Cornish Limited
Roland Cornish
Beaumont Cornish Limited
T: +44 (0) 20 7628 3396
Related Shares:
ALD.L