Golden Cross (ASX:GCR) Resolves to Issue 375 Million Ordinary Shares to Heron Resources (ASX:HRR)

Following the extraordinary general meeting of Golden Cross (ASX:GCR) shareholders yesterday, the Golden Cross board has met and resolved to issue 375,970,579 fully paid ordinary shares to Heron Resources Limited (ASX:HRR) at $0.005 per share on the terms and conditions set out in Heron's Offer dated 16 December 2013.

The allotment will occur upon receipt of $1,879,853 as subscription monies for such shares in cleared funds into the bank account of Golden Cross and to give effect to such terms and conditions (including implementing the proposed exploration programme).

Golden Cross will inform the ASX upon receipt of those funds, expected shortly.

About Golden Cross Resources Ltd

Golden Cross Resources (ASX:GCR) is a mineral explorer with a copper-gold focus. Its major activity is the Molong Copper Hill copper-gold project in central NSW. GCR also has many other high quality projects across Australia as well as prospective joint ventures funded and managed by GCR's partners.

 

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Heron Resources Ltd
      

Golden Cross Resources Ltd