17:47 AEST Sept 17, 2010 ABN Newswire (C) 2004-2010 Asia Business News PL. All Rights Reserved.
Perth, Australia (ABN Newswire) - Sihayo Gold Limited (ASX: SIH) announced that it had authorised the issue of 4,500,000 fully paid ordinary shares ('Shares') at 5 cents each to raise A$225,000.
The shares were issued after the exercise of 1,500,000 options which were part of the fundraising in 2009 organised by Blackwood Capital and 3,000,000 options issued in June 2009 pursuant to Service Agreement dated 23 June 2009.
The shares have been issued and allotted today.
The Shares above are part of a class of securities quoted on the ASX and may be subject to a subsequent offer for sale. The Company gives this notice pursuant to section 708A (5)(e) of the Corporations Act.
The Company issued the Shares above without a disclosure document to investors under Part 6D.2 of the Corporations Act.
The Company, as at the date of this notice, has complied with:
1. the provisions of Chapter 2M of the Corporations Act; and 2. section 674 of the Corporations Act.
There is no excluded information, as defined in sections 708A(7) and 708A(8) of the Corporations Act, as at the date of this notice.
About Sihayo Gold Limited:
Sihayo Gold Limited (ASX:SIH) is a mineral exploration company with exploration projects in Indonesia.
With recent exploration successes at the company's Sihayo Gold Project, the Board of Sihayo Gold is focused on developing Sihayo Gold to a mining stage to generate maximum shareholders value.
Sihayo Gold is managed by a highly skilled and dedicated team. This team is firmly committed to increasing the value of the company through focused exploration on projects in highly prospective regions.
Management has assembled a high quality portfolio mineral asset that provides an excellent foundation for the company to move from explorer into miner.
Contact:
Dean Calder Company Secretary Email: sihayogold@sihayogold.com Tel: +61-8-9368-4544 http://www.sihayogold.com
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17:47 AEST Sept 17, 2010 ABN Newswire (C) 2004-2010 Asia Business News PL. All Rights Reserved.
