Further re Rights Offer

RNS Number : 0841S

Berkeley Resources Limited

12 May 2009

 



12 May 2009

notice TO SHAREHOLDERS re PRO RATA OFFER

The attached Notice regarding Berkeley's proposed pro rata offer has been sent to current shareholders today.

Enquiries -    Managing Director:           Matt Syme            Tel: [phone]     

                    RBC Capital Markets:         Martin Eales        Tel: [phone]

12 May 2009

Dear Shareholder

Notice to Shareholders of a Non-Renounceable Pro Rata Entitlements Issue

We write to you as a registered holder of Berkeley Resources Limited (Berkeley) Shares (ASX code: BKY) as at today's date.

As announced on 23 March 2009, the directors of Berkeley have resolved to undertake a non-renounceable pro rata offer to eligible shareholders on the basis of 1 Share for every 20 Shares held at the Record Date at an issue price $0.50, together with 1 free attaching Listed Option for every 2 Shares subscribed for (Offer).  These Listed Options will be exercisable at $0.75 on or before the exercise date, which is anticipated to be 15 May 2013 (subject to change).

The Offer is available to Berkeley shareholders who have registered addresses in Australia on the record date of 19 May 2009 (Record Date).

The prospectus in relation to the Offer has been lodged with the ASIC and ASX and is available at the ASX website: www.asx.com.au and at the Company's website:  www.berkeleyresources.com.au. 

You will be entitled to participate in the Offer if you remain registered as a shareholder of Berkeley on the Record Date with a registered address in Australia. The timetable for the Offer is as follows:

Announcement of Offer and lodge Appendix 3B	23 March 2009
Lodgement of Prospectus with ASIC and ASX / Amended Appendix 3B	8 May 2009
Company sends letter to Shareholders containing information required by Appendix 3B	12 May 2009
Existing Shares quoted on an 'ex' basis	13 May 2009
Record date for determining entitlements under the Offer	19 may 2009
Prospectus and Entitlement and Acceptance Form despatched to Eligible Shareholders	25 May 2009
Announce to ASX that prospectus has been sent to Eligible Shareholders	25 May 2009
Closing Date	9 June 2009
Securities quoted on a deferred settlement basis	10 June 2009
Berkeley notifies ASX of under subscriptions	12 June 2009
Date for allotment and issue of the Securities	12 June 2009
Date for despatch of holder statements and lodge Appendix 3B	15 June 2009
Anticipated date of commencement of trading of Securities	16 June 2009

A copy of the prospectus will be sent to you if you are a shareholder at the Record Date with a registered address in Australia.

If you are in doubt about what to do, you should contact your professional adviser without delay.

Yours sincerely

Clint McGhie

Company Secretary

 

END

 

 

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