25.01.2015 Views

Update on Merger with Polymetals - Notice of Meeting

Update on Merger with Polymetals - Notice of Meeting

Update on Merger with Polymetals - Notice of Meeting

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

Over the year to 5 April 2013 a number <strong>of</strong> announcements were made to the market. The key<br />

announcements are set out below:<br />

Date<br />

Announcement<br />

Closing Share Price<br />

Following<br />

Announcement<br />

Closing Share Price<br />

Three Days After<br />

Announcement<br />

$ (movement) $ (movement)<br />

4/04/2013 Trading Halt 0.026 (16%) 0.026 (-)<br />

27/03/2013 SXG Completes Acquisiti<strong>on</strong> <strong>of</strong> Sandst<strong>on</strong>e Gold Project 0.033 (3%) 0.032 (3%)<br />

28/02/2013 Another Significant New Gold Target Identified at M arda 0.037 (9%) 0.035 (5%)<br />

18/02/2013 New Gold Target Identified North <strong>of</strong> M arda 0.038 (-) 0.036 (5%)<br />

31/01/2013 Quarterly Activities and Cashflow Report 0.039 (-) 0.039 (-)<br />

10/12/2012 SXG Signs Formal Agreement for Sandst<strong>on</strong>e, Receives Finance 0.043 (2%) 0.040 (7%)<br />

23/11/2012 <str<strong>on</strong>g>Update</str<strong>on</strong>g> <strong>on</strong> WA Gold Projects 0.043 (7%) 0.043 (-)<br />

31/10/2012 Quarterly Activities and Cashflow Report 0.045 (2%) 0.046 (2%)<br />

24/10/2012 RM B M andated to Finance Sandst<strong>on</strong>e Project Acquisiti<strong>on</strong> 0.048 (4%) 0.048 (-)<br />

22/10/2012 Sandst<strong>on</strong>e acquisiti<strong>on</strong> and debt funding update 0.046 (5%) 0.049 (7%)<br />

26/09/2012 SXG to progress gold producti<strong>on</strong> plans following Rights issue 0.05 (6%) 0.050 (-)<br />

19/09/2012 New Gold Corridor Highlights Growth Potential at M arda 0.048 (2%) 0.053 (10%)<br />

17/09/2012 SXG appoints PCF as debt advisors for WA Gold Projects 0.047 (2%) 0.049 (4%)<br />

24/08/2012 Prospectus 0.064 (7%) 0.054 (16%)<br />

24/08/2012 SXG Rights Issue to Underpin Transiti<strong>on</strong> To Gold Producti<strong>on</strong> 0.064 (7%) 0.054 (16%)<br />

24/08/2012 Reinstatement to Official Quotati<strong>on</strong> 0.064 (7%) 0.054 (16%)<br />

22/08/2012 Suspensi<strong>on</strong> from Official Quotati<strong>on</strong> 0.069 (-) 0.054 (22%)<br />

20/08/2012 Trading Halt 0.069 (-) 0.069 (-)<br />

17/08/2012 M arda Enhancements Provide Compelling Investment Case 0.069 (6%) 0.069 (-)<br />

14/08/2012 SXG to Double Resources and Halve M arda Project Capital<br />

Cost<br />

0.051 (4%) 0.069 (35%)<br />

9/08/2012 New Drill Targets Identified At Copper Bore VMS Project 0.05 (9%) 0.049 (2%)<br />

2/08/2012 M arda Gold Project <str<strong>on</strong>g>Update</str<strong>on</strong>g> 0.045 (13%) 0.045 (-)<br />

25/07/2012 Quarterly Activities and Cashflow Report 0.035 (-) 0.040 (14%)<br />

10/07/2012 COPPER BORE VM S copper gold project explorati<strong>on</strong> update 0.038 (-) 0.038 (-)<br />

28/06/2012 New massive sulphide intersecti<strong>on</strong> enhances copper bore 0.036 (3%) 0.037 (3%)<br />

21/06/2012 New discoveries upgrade regi<strong>on</strong>al gold potential at Marda 0.04 (5%) 0.040 (-)<br />

10/05/2012 SXG set to open up new WA gold province <strong>with</strong> M arda gold 0.044 (4%) 0.047 (7%)<br />

30/04/2012 Quarterly Activities and Cashflow Report 0.052 (-) 0.050 (4%)<br />

26/04/2012 SXG extends base metal mineralizati<strong>on</strong> at Copper Bore 0.058 (4%) 0.052 (10%)<br />

On 27 March 2013 SXG announced the completi<strong>on</strong> <strong>of</strong> its acquisiti<strong>on</strong> <strong>of</strong> the Sandst<strong>on</strong>e Gold Project. The<br />

acquisiti<strong>on</strong> more than doubled SXG’s gold resource inventory and provided SXG <strong>with</strong> the plant, camp and<br />

infrastructure required to fast track its transiti<strong>on</strong> to gold producti<strong>on</strong>. The share price <strong>of</strong> SXG increased 3%<br />

following this announcement.<br />

47

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!