Resource Generation Limited - Final Subscription Not Received From BlumontRelease 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
Share Code on the ASX: RES
Share Code on the JSE: RSG
("Resgen" or "the Company")
26 February 2014
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.
26 February 2014
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 (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
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