Entitlement Date 20 June 2003 for Priority Shares in D'Aguilar Gold Limited13 June 2003
Gympie Gold Limited today announced more details concerning its 25% interest in D'Aguilar Gold Limited, a gold exploration company with a focus on the discovery of large, bulk-mineable gold-copper deposits in southeast Queensland. D'Aguilar will soon issue a prospectus to raise $4 million and become listed on the Australian Stock Exchange (ASX). D'Aguilar has secured some $2.5 million in underwriting agreements and Gympie expects the issue to be well subscribed.
Gympie Gold has negotiated for its shareholders and noteholders to receive a priority entitlement of five million shares in the D'Aguilar float under the prospectus.
ENTITLEMENT DATE DETAILS
All ordinary shareholders and convertible noteholders on the Gympie Gold registry as at the close of business on 20 June 2003 will be mailed a copy of the D'Aguilar Gold Prospectus. A copy of the Prospectus can be viewed on the D'Aguilar website www.daguilar.com.au
SHAREHOLDERS AND NOTEHOLDERS
All shareholders and noteholders are able to apply for shares in D'Aguilar Gold under this priority entitlement.
The Board of D'Aguilar Gold has set aside a maximum priority allocation for Gympie shareholders and noteholders of five million shares representing $1,000,000 of the issue for the D'Aguilar float. This represents 25% of the maximum 20 million shares on offer at 20 cents per share under the D'Aguilar prospectus. Applications from Gympie shareholders and noteholders in excess of 5 million shares will be scaled back on a pro rata basis.
If any of the shares available to Gympie shareholders and noteholders are not applied for by 5pm 18 July 2003, those shares will be made available to other applicants.
The Company will provide an explanatory covering letter with the mailed-out D'Aguilar Gold Prospectus mailed to shareholders and noteholders.
Any queries can be directed to Mr Nick Mather at D'Aguilar Gold on (07) 3839 5113 or the Gympie Gold office on (02) 9251 2777.
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