NOT FOR US DISTRIBUTION
Vancouver, British Columbia -- (
Marketwire - Nov. 19, 2010) -
China Gold International Resources Corp. Ltd. (TSX: CGG) - China Gold International Resources Corp. Ltd.(the “Company“ ) confirmed today that it has filed on Sedar a final prospectus (the “Hong Kong Prospectus“), a copy of which is available for review on the Company's profile on www.sedar.com, in respect of the previously announced global offering (the “Global Offering“) of 53,660,000 of its common shares(“Common Shares“) concurrent with the Company's public listing of Common Shares on The Stock Exchange of Hong Kong (the “HKSE“).Under the Global Offering the Company has also agreed to grant the Joint Lead Managers an overallotment option (the “Over-allotment Option“) to purchase that number of additional Common Shares equal to up to 15% of the Common Shares issued under the Global Offering. The Common Shares offered under the Global Offering will be issued in reliance of an exemption order issued by the British Columbia Securities Commission. The Common Shares are not qualified for sale in Canada, or to persons ordinarily resident in Canada, nor may they be offered or sold in Canada, directly or indirectly.
The Global Offering will be comprised of both a public offering in Hong Kong and an international private placement and will be offered through Citigroup Global Markets Asia Limited and BOC International as joint book runners and joint lead managers of the Global Offering (together, the “Joint Lead Managers“). All Common Shares of the Company will be tradable on the TSX and the HKSE upon completion of the Global Offering.
This news release has been prepared for publication outside the United States.
About China Gold International Resources Corp. Ltd.:
China Gold International Resources Corp. Ltd. is a mining company whose principal property is the CSH Gold Mine. The Company began producing gold at the CSH Gold Mine in July 2007. The Company's shares are listed on the TSX under the symbol “CGG“. China National Gold Group Corporation, a Chinese state-owned enterprise owns approximately 39% of China Gold International Resources Corp. Ltd. shares.
Forward-looking statements
Certain statements made herein, and other statements relating to matters that are not historical facts and statements of our beliefs, intentions and expectations about developments, results and events which will or may occur in the future, constitute “forward-looking information“ within the meaning of applicable securities legislation. Forward-looking information and statements are typically identified by words such as “anticipate“, “could“, “should“, “expect“, “seek“, “may“, “intend“, “likely“, “plan“, “estimate“, “will“, “believe“ and similar expressions suggesting future outcomes or statements regarding an outlook. All such forward-looking information and statements are based on certain assumptions and analysis made by China Gold International Resources Corp. Ltd. management in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. These statements, however, are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information or statements. Important factors that could cause actual results to differ from these forward-looking statements include those described under the heading “Risks and Uncertainties“ elsewhere in the Company's MD&A filed at www.SEDAR.com. The reader is cautioned not to place undue reliance on forward-looking information or statements. Except as required by law the Company does not assume the obligation to revise or update these forward looking statements after the date of this document or to revise them to reflect the occurrence of future,unanticipated events.
For more information, please contact
China Gold International Resources Corp. Ltd.
Frank Lagiglia
Investor Relations Manager
+1.778.668.9883
info-chinagoldintl@chinagoldintl.com
www.chinagoldintl.com
