4th Aug 2005 07:15
Randgold Resources Ld04 August 2005 RANDGOLD RESOURCES LIMITED Incorporated in Jersey, Channel IslandsReg. No. 62686LSE Trading Symbol: RRSNasdaq Trading Symbol: GOLD RANDGOLD RESOURCES PLANS PUBLIC OFFERING OF ITS ADRS AND ORDINARY SHARES London, 4 August 2005 - Randgold Resources Limited (LSE:RRS) (NASDAQ:GOLD) ("Randgold Resources") today announced that it intends to file a registrationstatement with the U.S. Securities and Exchange Commission for a proposedcapital raising by way of a public offering of its American Depositary Receipts("ADRs") and ordinary shares (the "Proposed Offering"). The timing and terms ofthe Proposed Offering are dependent on market conditions and the submission ofregulatory filings. The number of ADRs and ordinary shares and the aggregate value of ADRs andordinary shares to be sold in the Proposed Offering will be determined in thefuture by Randgold Resources and its underwriters. Randgold Resources plans touse the net proceeds from the Proposed Offering for the development of theunderground project at Loulo, the Tongon feasibility study and other organic andcorporate pportunities. This press release does not constitute an offer to sell, nor a solicitation ofany offer to buy, any ordinary shares or ADRs of Randgold Resources in anyjurisdiction where the offer or sale is not permitted. The ordinary shares andADRs may not be sold, and offers to buy may not be accepted, before aregistration statement is declared effective by the U.S. Securities and ExchangeCommission. This press release is being issued pursuant to and in accordancewith Rule 135 under the U.S. Securities Act of 1933, as amended. RANDGOLD RESOURCES ENQUIRIES: Chief Executive - Dr Mark Bristow +44 779 775 2288Financial Director - Roger Williams +44 791 709 8939Investor & Media Relations - Kathy du Plessis +27 11 728 4701Cell: +27 (0) 83 266 5847 Email: [email protected] : www.randgoldresources.com DISCLAIMER: Statements made in this document with respect to Randgold Resources'current plans, estimates, strategies and beliefs and other statements that arenot historical facts are forward-looking statements about the future performanceof Randgold Resources. These statements are based on management's assumptionsand beliefs in light of the information currently available to it. RandgoldResources cautions you that a number of important risks and uncertainties couldcause actual results to differ materially from those discussed in theforward-looking statements, and therefore you should not place undue reliance onthem. The potential risks and uncertainties include, among others, risksassociated with: fluctuations in the market price of gold, gold production atMorila, the development of Loulo and estimates of resources, reserves and minelife. For a discussion on such risk factors refer to the annual report on Form20-F for the year ended 31 December 2004 which was filed with the United Statessecurities and exchange commission (The 'SEC') on 29 June 2005. RandgoldResources sees no obligation to update information in this release. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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