Lihir Gold Limited

Lihir Gold Limited

April 22, 2009 07:00 ET

LGL (Lihir Gold Limited): Share Purchase Plan

PORT MORESBY, PAPUA NEW GUINEA--(Marketwire - April 22, 2009) - Lihir Gold Ltd (TSX:LGG)(ASX:LGL)(NASDAQ:LIHR) ("LGL") has successfully completed its Share Purchase Plan (SPP).

The SPP closed at 5.00pm (AEST) on Wednesday 15 April 2009. Applications for approximately A$25 million of new fully paid ordinary LGL shares were received from eligible shareholders. Successful applicants will be issued the full dollar amount of LGL shares for which they applied at an issue price of A$2.82.

The issue price was determined, under the SPP terms and conditions, as the lesser of:

- A$3.00 per LGL Share, (the offer price under the institutional placement conducted on 4 March 2009); and,

- a 5 per cent discount to the volume weighted average price of ordinary shares in LGL traded in the ordinary course of business on ASX in the five trading days up to, and including the day on which, the offer under the SPP closed (15 April 2009), rounded up to the nearest cent.

The discounted VWAP was A$2.82.

LGL shares will be allotted on 22 April 2009 and holding statements / confirmation advice dispatched to participating shareholders on 29 April 2009. New LGL shares issued under the SPP are expected to commence trading on ASX on 30 April 2009.

If shareholders have any questions about the SPP they should contact LGL's Share Plan Enquiry line:

- Within Australia: 1300 753 798

- Within Canada: 1 800 564 6253

- Within New Zealand: (+64) 9 4888 777

- Within United Kingdom: 0870 707 1352

- Within Papua New Guinea: (+675) 308 3825

Contact Information

  • Lihir Gold Limited (Brisbane)
    Joe Dowling
    GM Corporate Affairs
    Mobile: 0421 587 755
    Lihir Gold Limited
    Joel Forwood
    Investor Relations Manager
    0438 576 879
    Lihir Gold Limited (Toronto)
    Greg W Taylor
    (905) 337-7673 or Mobile: (416) 605-5120