Go Back Email this Link to a friend


Resource Generation Limited - Blumont To Acquire 15% Of Resource Generation

Release Date: 17/09/2013 09:25:00      Code(s): RSG     
Resource Generation Limited
Registration number ACN 059 950 337
(Incorporated and registered in Australia)
ISIN: AU000000RES1
Share Code on the ASX: RES
Share Code on the JSE: RSG
("Resgen" or the ?Company?)

Blumont to acquire 15% of Resource Generation
Resource Generation has signed a share subscription agreement with Blumont Group Ltd
(Blumont) (SGX: A33) for the issue of shares to Blumont representing 15% of Resource
Generation?s expanded capital base. The issue of shares will be at $0.22 per share, the
same as the recent entitlement offer. If any shares are available as part of the entitlement
offer shortfall, Blumont will subscribe for those shortfall shares and the balance will be
issued after the annual general meeting, subject to shareholder approval.

Blumont?s investment in Resource Generation is expected to be between $20 million and
$25 million, depending on the final structure of the placement of the shortfall shares from
the entitlement offer. The finalisation of the placement of the shortfall shares is expected
to occur by the end of September 2013.

Paul Jury, managing director, said: ?We are pleased to welcome Blumont, a global
institutional investor focussed on strategic long term investments in the resources sector,
onto our share register. We will be detailing our positive recommendation to
shareholders in the notice of annual general meeting in due course, but together with the
leveraged funding alternatives we are vigorously pursuing, the extended equity placement
to Blumont minimises any further equity requirements for the development of the
Boikarabelo mine.?

Blumont is listed on the Singapore Stock Exchange with a market capitalisation of
approximately A$2.9 billion. It is a Singapore-based company with a global portfolio of
diversified assets in the minerals and energy resources sector, including coking coal,
thermal coal, gold, copper and uranium. Blumont is also engaged in transferable
securities investments, the provision of sterilisation and polymerisation services and
development of properties for sale and rental.

17 September 2013

JSE Sponsor
Macquarie First South Capital Proprietary Limited

Contacts
Paul Jury, Managing Director on (02) 9376 9000 or
Steve Matthews, Company Secretary on (02) 9376 9000

Media enquiries
Anthony Tregoning (02) 8264 1000

 Resource Generation is developing the Boikarabelo coal mine in the Waterberg
 region of South Africa, which accounts for 40% of the country?s remaining coal
 resources. There are probable reserves of 744.8 million tonnes of coal on 35% of
 the tenements under the company?s control. Stage 1 of the mine development targets
 saleable coal production of 6 million tonnes per annum.



Resource Generation Limited (ACN 059 950 337)             www.resgen.com.au
Level 12 Chifley Tower, 2 Chifley Square, Sydney NSW 2000
GPO Box 5490, Sydney NSW 2001. Phone +61 2 9376 9000 Fax +61 2 9376 9013
                                                                                           1
Date: 17/09/2013 09:25:00 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                             . The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.


                                        
Email this JSE Sens Item to a Friend.

Send e-mail to
© 2017 SHARENET (PTY) Ltd, Cape Town, South Africa
Home     Terms & conditions    Privacy Policy
    Security Notice    Contact Details
Market Statistics are calculated by Sharenet and are therefore not the official JSE Market Statistics. The calculation/derivation may include underlying JSE data.