GGG Resources plc

GGG Resources plc

May 17, 2011 06:23 ET

GGG Resources plc's Shares to Commence Trading on the ASX

LONDON, UNITED KINGDOM--(Marketwire - May 17, 2011) - Western Australia–focused resources company, GGG Resources plc (AIM:GGG) (the "Company") was admitted to the official list of ASX Limited on 17 May 2011.

Shares in the Company (in the form of CHESS Depositary Interests ("CDIs")) will be quoted and commence trading on the Australian Securities Exchange ("ASX") on Thursday 19 May 2011 at 12:30pm EST (10:30 WST) under the stock ticker code GGB.

The Company's shares currently trade on the London Stock Exchange's AIM market (stock ticker code GGG).

The Company, which recently raised A$8.129M under its Australian prospectus offering, now has better access to potential additional equity funding sources. The Company considers this to be important for the continued fast-track advancement of its interest in the Bullabulling Gold Project in Western Australia.

Upon quotation of the CDIs, the total number of shares in the capital of the Company on issue will be 165,746,090, of which 20,322,500 shares will trade as CDIs on the ASX.

Bullabulling is a former open pit gold mine which the Company is developing into a producing mine. It is located near to Perth, Western Australia, with the property straddling the main Kalgoorlie highway.

Bullabulling's geology is characterised by low grade and bulk tonnage types of deposit amenable to open pit mining.

An upgrade on its current JORC Code compliant Inferred Resource of 1.98M ounces of gold, is expected to be reported to shareholders before the end of June.

Contact Information

  • GGG Resources plc (Australia)
    David McArthur
    41 Stirling Highway
    Nedlands, WA 6009
    +61 8 9423 3200

    Professional Public Relations (Australia media)
    David Brook
    +61 8 9388 0944/ +61 433 112 936

    Dr. Jeffrey Malaihollo
    MD, GGG Resources plc (UK)
    + 44 1992 531820

    Westhouse Securities Limited (UK Nominated Adviser)
    Tom Price / Martin Davison
    + 44 20 7601 6100

    Neil Boom
    MD, Gresham PR Ltd (UK)
    + 44 7866 805 108

    Collins Stewart Europe Limited (Broker)
    John Prior / Adam Miller
    + 44 20 7523 8350