Sovereign Gold Company Limited Stock Market Press Releases and Company Profile
Mount Adrah Prospectus Lodged
Mount Adrah Prospectus Lodged

Sydney, April 4, 2014 AEST (ABN Newswire) - Sovereign Gold Company Limited (googlechartASX:SOC) (Sovereign Gold) advises that the Prospectus for the Initial Public Offering of shares in Mount Adrah Gold Limited (Mount Adrah) was lodged with the Australian Securities and Investments Commission on 4 April 2014.

Mount Adrah is a 72% owned subsidiary of Sovereign Gold.

Mount Adrah has reserved the ASX code: "MTL".

Initial Public Offering

The Mount Adrah IPO is for 10,000,000 Shares at an issue price of $0.20 per Share to raise a minimum of $2,000,000; additionally the Company may accept over-subscriptions for up to 5,000,000 Shares to raise up to a further $1,000,000.

41,825,000 of the existing shares are owned by Sovereign Gold, which will represent 61.5% of the issued capital of Mount Adrah upon the raising of $2,000,000 and 57.3% of the issued capital of Mount Adrah upon the raising of $3,000,000.

All Sovereign Gold shareholders holding at least a Marketable Parcel of Sovereign Gold shares at the Record Date, 10 April 2014, will be eligible to apply for shares in a priority offer, with a guaranteed allocation of shares in Mount Adrah.

The target date for listing on the ASX is 6 June 2014, though this date may be subject to factors outside of the control of Mount Adrah.

To subscribe for Shares, applicants will need to complete the application form that is in, or accompanies, the Prospectus.

In deciding whether to acquire the Shares, applicants should read the Prospectus carefully, and if necessary seek their own taxation and investment advice.

The Prospectus, including the application form is able to be viewed and downloaded at www.adrah.com.au .

Requests for the Prospectus and application form can also be made by phoning Mount Adrah on +61 2 9251 7177.

About Sovereign Gold Company Limited

Sovereign Gold Ltd (ASX:SOC)Sovereign Gold Co Ltd (ASX:SOC) is an Australian-based specialist gold exploration company. Sovereign Gold has a portfolio of quality tenements located in Eastern Australia where there is known potential for the occurrence of Intrusion-Related Gold Systems (IRGS). Sovereign Gold has a highly prospective tenement package covering the Rocky River-Uralla Goldfield, 21km southwest of Armidale, NSW, Australia. Sovereign owns the recent Mt Adrah Hobbs IRGS discovery south-east of Wagga Wagga, NSW.

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Contact

Henry Kinstlinger
Investor Relations
Telephone: +61-2-9251-7177



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