BLUEBIRD MERCHANT VENTURES LTD ISSUES SHARES TO SOUTHERN GOLD
● 150,000,000 Ordinary shares in Bluebird Merchant Ventures issued to Southern Gold
● Shares are expected to be admitted to trading in the UK from 8.00 am on Wednesday, 22 December 2021
The Board of Southern Gold Ltd (“Southern Gold” or “the Company”), through its wholly owned Singaporean subsidiary, International Gold Private Limited (“IGPL”), has been issued with 150,000,000 Ordinary shares at no par value in Bluebird Merchant Ventures Limited (BMV).
This is in accordance with the Completion Agreement, the terms which were advised to the market on 29th June 2021 for the sale of Southern Golds Gubong and Kochang Joint Venture Interests.
These Ordinary Shares are expected to be admitted to trading at 8.00 am on Wednesday,22nd December 2021 following approval of BMVs Prospectus by the UK Financial Conduct Authority last Friday.
Southern Gold Chairman, Greg Boulton commented
“As a major Shareholder in BMV we are pleased that the sale of our interests in the Gubong and Kochang are finalised to enable BMV to pursue options to finance the development of gold mining in South Korea”
Authorised for release by the Board of Southern Gold Limited.
1 Refer to ASX announcements titled - A$13.2m Sale Agreement Executed
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