Perth, Australia (ABN Newswire) - Further to the announcement of 20 May 2015,
Taruga Gold Ltd. (ASX:TAR) wishes to clarify that the price of the forthcoming Share Purchase Plan (SPP) and private placement will be $0.0045 (a discount of 10% to the 5 day VWAP prior to announcement). Each new share issued will also have one free attaching unlisted option exercisable at $0.006 for a 2 year term.
The SPP will be made under a prospectus which will be lodged with ASIC in the coming days. A copy of the prospectus, together with a personalised application form will also be sent to eligible shareholders. Shareholders should consider the prospectus in deciding whether to acquire new securities under the SPP, and will need to complete the personalised application form that will accompany the prospectus to participate under the SPP.
About Taruga Gold Limited:
Taruga Gold Ltd. (ASX:TAR) is a West African focused gold explorer that has compiled, and is currently compiling, a diverse portfolio of exploration projects within the Birimian geology of West Africa. This region is at present one of the world's great gold districts and has had a significant rate of discovery and development on new gold mines over past decades.
Contact:
Taruga Gold Ltd.
Bernard Aylward, Managing Director
Mob: +61 (0) 418 943 345
Dan Smith, Director & Joint Company Secretary
+61 (0) 8 9486 4036
