Go Back Email this Link to a friend


Resource Generation Limited - Final Subscription Not Received From Blumont

Release Date: 26/02/2014 08:52:00      Code(s): RSG     
Resource Generation Limited
Registered in Australia under the Corporations Act, 2001 (Cth) with
registration number ACN: 059 950 337
ISIN: AU000000RES1
Share Code on the ASX: RES
Share Code on the JSE: RSG
("Resgen" or "the Company")

26 February 2014

ASX Release

Final subscription not received from Blumont
Further to the previous announcement on 2 January 2014, Resource Generation has been
notified that the Blumont Group Ltd (Blumont) has decided not to subscribe the
outstanding $20.07 million due for a placement of 102,596,530 shares at 22 cents per
share. Consequently, Resource Generation will not be issuing any shares to Blumont and
will retain the deposit of $2.5 million, which Blumont has forfeited with no issue of
shares in relation thereto.

Resource Generation reiterates that the proposed placement to Blumont was in addition to
the proceeds of $62.6 million from the recent entitlement offer, which was successfully
completed in October 2013.

Sydney
26 February 2014

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 (refer ASX announcement dated
 16 December 2010). 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: 26/02/2014 08:52:00 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.