Resource Generation Limited - Update On Placement To BlumontRelease Date: 05/12/2013 08:01:00 Code(s): RSG
Resource Generation Limited
Registered in Australia under the Corporations Act, 2001 (Cth) with
registration number ACN: 059 950 337
Share Code on the ASX: RES
Share Code on the JSE: RSG
("Resgen" or the ?Company?)
Update on placement to Blumont
Following shareholder approval at the AGM held on 29 November 2013 for the Blumont
Group Ltd (Blumont) placement of 102,596,530 shares at 22 cents per share, payment of
$22,571,236.60 by Blumont was due on 4 December 2013. The funds have not been
received by the Company from Blumont. The Company is taking action to obtain the
funds from Blumont.
5 December 2013
Macquarie First South Capital Proprietary Limited
Paul Jury, Managing Director on (02) 9376 9000 or
Steve Matthews, Company Secretary on (02) 9376 9000
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
Date: 05/12/2013 08:01:00 Supplied by www.sharenet.co.za
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