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Company News Summary

Westgold Resources Announces Bonus Option Issue Prospectus

08 Sep 2017  |  12:42:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Bonus Option Issue Prospectus

Westgold Resources announced a pro-rata non-renounceable entitlement issue of 1 Option (Bonus Option) for every 5 Shares held by Eligible Shareholders at the Record Date of 14 September 2017 (Offer), exercisable at $2.00 per Bonus Option on or before 30 June 2019. The Bonus Options are being issued free to Eligible Shareholders. Eligible Shareholders are not obliged to take any action in relation to the issue of Bonus Options under this Prospectus. No funds will be raised as a result of the Offer. If all of the Bonus Options are subsequently exercised, the Company will raise a further $128.19m.

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