Sovereign Gold Company Limited Stock Market Press Releases and Company Profile
Bid Reaches 99% of Mount Adrah Gold
Bid Reaches 99% of Mount Adrah Gold

Sydney, July 11, 2014 AEST (ABN Newswire) - Sovereign Gold Company Limited's (googlechartASX:SOC) offer is for the full acquisition of Mount Adrah Gold Limited (Mount Adrah). Sovereign Gold is offering Mount Adrah Shareholders four Sovereign Gold shares (at 4.8 cents on offer date) for each Mount Adrah share including options held by them.

Offer value is 19.2 cents per Mount Adrah share including options.

The Offer is subject to obtaining all necessary shareholder, regulatory and statutory approvals.

Consideration for the total acquisition would be the issue of up to 64.7 million Sovereign Gold shares with a cash value of $3.1 million.

Share Purchase Plan

Sovereign Gold implemented a Share Purchase Plan on 17 June 2014 (SPP). The SPP is available to all Eligible Shareholders. (See Note:1)

The SPP price will be the lower of 4 cents or a 10% discount to the volume-weighted average price of Sovereign Gold shares traded on the Australian Securities Exchange over the 5 trading days up to and including the day on which the SPP is scheduled to close (23 July 2014), rounded down to the nearest one tenth of one cent.

The maximum price that Eligible Shareholders will pay is 4 cents per New Share.

Shareholders can purchase shares totalling up to $15,000.

The SPP is open until 5:00pm on 23 July 2014.

Note 1. Eligible shareholders are those shareholders registered at 5:00 pm (AEST) on 16 June 2014.

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. 


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

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