Golden Prospect Precious Metals Ltd : Confirmat...

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES OF AMERICA (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA), CANADA, AUSTRALIA, JAPAN OR SOUTH AFRICA, ANY MEMBER STATE OF THE EEA (OTHER THAN THE UNITED KINGDOM) OR ANY JURISDICTION FOR WHICH THE SAME COULD BE UNLAWFUL.  THE INFORMATION CONTAINED IN THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF SECURITIES FOR SALE IN ANY JURISDICTION.

21 December 2017

GOLDEN PROSPECT PRECIOUS METALS LIMITED
(THE "COMPANY")

Confirmation of Subscription Price
and
Issue of Subscription Shares

Subscription Price

In connection with the bonus issue of Subscription Shares, details of which are set out in the Company's listing document dated 28 November 2017 (the "Listing Document"), the Subscription Price is equal to the published unaudited NAV per Ordinary Share as at the close of business on Wednesday, 20 December 2017 plus a premium depending on the year in which they are exercised (with the resulting Subscription Price being rounded to two decimal places).  Accordingly, the Subscription Price will be as follows:

• if Subscription Shares are exercised to have effect on the last Business Day in November 2018, 40.37 pence, being a 5 per cent. premium to the NAV on 20 December 2017, rounded to two decimal places;
• if Subscription Shares are exercised to have effect on the last Business Day in November 2019, 42.30 pence, being a 10 per cent. premium to the NAV on 20 December 2017, rounded to two decimal places; and
• if Subscription Shares are exercised to have effect on the last Business Day in November 2020, 46.14 pence, being a 20 per cent. premium to the NAV on 20 December 2017, rounded to two decimal places;

Issue of Subscription Shares

The Board has today issued 28,500,995 Subscription Shares pursuant to the Bonus Issue, conditional only on the admission of such Subscription Shares to listing on The International Stock Exchange and to trading on the London Stock Exchange's SETSqx platform ("Admission").  Applications have been made for Admission.  Admission is expected to beome effective, and dealings are expected to commence in the Subscription Shares, at 8.00 a.m. on 22 December 2017.

Following Admission, there will be 57,002,026 Ordinary Shares and 28,500,995 Subscription Shares in issue.  No Shares are held in treasury.

The dealing codes for the Subscription Shares will be as follows:

• ISIN: GG00BD05Z551.
• SEDOL: BD05ZC2.
• Ticker: GPSS.

Expected Timetable

Admission of Subscription Shares to listing on TISE and to trading on London Stock Exchange's SETSqx platform effective	Friday, 22 December 2017
Crediting of CREST stock accounts in respect of Subscription Shares issued in uncertificated form	Friday, 22 December 2017
Certificates despatched in respect of Subscription Shares issued in certificated form	Week commencing Monday, 25 December 2017
First date on which Subscription Share Rights can be exercised	Last Business Day in November 2018
Second date on which Subscription Share Rights can be exercised	Last Business Day in November 2019
Final date on which Subscription Share Rights can be exercised	Last Business Day in November 2020

Enquiries

CQS (UK) LLP	Craig Cleland	T: [phone]
Cantor Fitzgerald Europe	Sue Inglis	T: [phone]
Maitland Administration (Guernsey) Limited	Gareth Smith	T :[phone]

Note

Words and expresssions defined in the Listing Document have the same meanings when used in this announcement unless the contaxt otherwise requires.

---

This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Golden Prospect Precious Metals Ltd via Globenewswire