|Corporate action number||CA000007485917|
|Corporate action description||
In connection with payment for the High River shares taken up, Nordgold will issue 18,891,687 global depositary receipts («GDRs»), each representing an interest in one newly issued ordinary share of Nordgold, to eligible High River shareholders who have accepted the Offer and elected to receive GDRs.
Nordgold also announces that it is extending the Offer to allow the remaining High River shareholders sufficient time to tender their shares to the Offer. The Offer is now unconditional and open for acceptance until 12:01 a.m. (Toronto time) on December 8, 2012. A notice of extension will be mailed to the remaining High River shareholders and filed on SEDAR.
Under the terms of the Offer, eligible High River shareholders who tender their High River shares to the Offer can elect to receive either:
In its directors’ circular dated October 30, 2012, the board of directors of High River unanimously recommended that High River shareholders accept and tender their shares to the Offer.
Nordgold will not be increasing the Offer consideration and has no intention of extending the Offer beyond December 8, 2012.
This corporate action notification does not constitute an offer to sell or the solicitation of an offer to buy any securities by anyone in any jurisdiction it is not, and should not be construed or treated as, investment or financial advice. In providing this information, euroclear bank is not acting as agent of the issuer by sending an instruction to euroclear bank, you confirm that you (and any beneficial owner(s) for whom you act) comply with the terms and conditions of the corporate event if no instruction is required via euroclear bank for this corporate action, you should ensure full compliance with the terms of the corporate event and the agent’s requirements.
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