30th Mar 2007 12:31
Centamin Egypt Limited30 March 2007 Centamin Egypt Limited ("the Company") (AIM:CEY, ASX:CNT) Notice of General Meeting Notice of General Meeting to be held at 1st Floor, Rowing WA, The Esplanade, Mount Pleasant, Western Australia on Tuesday, April 10th, 2007 commencing at 11.00 am (Australian WST) We are writing to update shareholders with the progress of the preliminaryprospectus filed with the Ontario Securities Commission and of the listing onthe Toronto Stock Exchange ("TSX") which were referred to in the Chairman'sletter which accompanied the Notice of General Meeting dated March 6, 2007. We are pleased to advise shareholders that all comments on the preliminaryProspectus have now been resolved with the Canadian securities regulatoryauthorities and that on March 28, 2007 the Company filed the final prospectus(the "Prospectus") with the regulatory authorities in each of the provinces ofCanada (excluding Quebec). The Prospectus is available for review on theCanadian System for Electronic Document Analysis and Retrieval (SEDAR) websiteat www.sedar.com, the Australian Stock Exchange website at www.asx.com.au, andwill also be posted on the Company's website at www.centamin.com. Consequently the Company has applied for listing on the TSX and it isanticipated that the listing on the TSX will occur on or about April 5, 2007. As the Company announced to the ASX and AIM on March 14, 2007, the sharesproposed to be offered under the Prospectus total 163,622,198 ordinary sharespriced at C$0.86 ("Offer Price") for total proceeds C$140,715,090 (the"Offering"). Further to the Company's announcement of March 14, 2007, which stated that theOffering would take place in two tranches and that Westwind Partners Inc, thelead agent ("Agent"), had been granted an over-allotment option to selladditional ordinary shares at the Offer Price up to 7.5% of the Offering. The issuance of ordinary shares under the first tranche (the "First Tranche") isexpected to involve the issue of 75,028,620 ordinary shares for gross proceedsof C$64,524,613. The issuance of the First Tranche will be made within the 15%allowance under rule 7.1 of the ASX Listing Rules and is expected to becompleted on April 5, 2007. The issue of up to 5,627,147 ordinary shares (forgross proceeds of C$4,839,346) pursuant to the over-allotment option relating tothe First Tranche (if exercised) is expected to be completed no later than 30days following the issuance of the First Tranche and will also be within this15% allowance. The second tranche (the "Second Tranche") of 88,593,578 ordinary shares alsopriced at C$0.86 for gross proceeds of C$76,190,477 is expected to close on orabout April 11, 2007 following the meeting of shareholders to be held on April10, 2007 to approve the issuance of up to 100 million shares. Additionally, upto 6,644,518 ordinary shares (for gross proceeds of C$5,714,285) are expected tobe issued no later than 15 days following the issuance of the Second Tranchepursuant to the over-allotment option relating to the Second Tranche (ifexercised), these shares being included in the 100 million shares for whichshareholder approval is being sought. The Company, as part of the fees it will pay to the Agent for its services inconnection with the Offering and TSX listing, will issue to the Agent brokerwarrants to acquire ordinary shares equal to 5% of the ordinary shares issuedunder the First Tranche and Second Tranche and (if exercised) pursuant to theover-allotment option being: 1. in connection with the First Tranche and the shares issued pursuant to the associated over-allotment option, broker warrants to acquire up to 4,032,788 ordinary shares at an exercise price equal to the Offer Price and expiring 24 months from completion of the First Tranche or over-allotment (as applicable); and 2. in connection with the Second Tranche and the shares issued pursuant to the associated over-allotment option (and subject to shareholder approval of the issuance of up to 100 million shares at the meeting to be held on April 10, 2007), broker warrants to acquire up to 4,761,903 ordinary shares at an exercise price equal to the Offer Price. These broker warrants will expire 24 months from completion of the Second Tranche or over-allotment (as applicable). Shareholders are reminded that to be effective, proxies for the meeting must bereceived by the Company by no later than 11.00am Australian WST, Sunday, April8, 2007 (UK, no later than 3.00am GMT (4.00 am DST), Sunday, April 8, 2007). Yours sincerelyFor Centamin Egypt Limited Sami El-RaghyChairman For further details please contact:Centamin Egypt Limited Bishopsgate Communications LtdPh: + 61 (8) 9316 2640 + 44 (0) 20 7562 3350Josef El-Raghy Maxine Barnes / Nick Romewww.centamin.com www.bishopsgatecommunications.com 30 March 2007 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Centamin PLC