Perth, Australia, Aug 29, 2014 - (ABN Newswire) - On 27 August 2014, Taruga Limited (ASX:TAR) (Company) announced its intention to offer shareholders the chance to participate in a share purchase plan to subscribe for ordinary, fully paid shares in the Company (Plan).
The Company's Board of Directors is now pleased to make that offer to eligible shareholders on the Terms and Conditions enclosed with this letter.
Shareholders eligible to participate in the Plan
The right to participate in the Plan is optional and is only available to shareholders who are registered as holders of fully paid ordinary shares in the capital of the Company (Shares) at 5:00pm (WST) on the Record Date of 26 August 2014 and whose registered address is in Australia or New Zealand (Eligible Shareholders).
Share Purchase Plan
The Plan entitles Eligible Shareholders in the Company, irrespective of the size of their shareholding, to purchase up to $15,000 worth of Shares at $0.0053 per Share, free of brokerage and commission (Offer).
The average market price of the Company's Shares on the ASX during the 5 trading days immediately prior to the announcement date of the Offer was $0.0066.
Details of the Offer are set out in the link below;
About Taruga Gold Limited:
Taruga Gold Limited (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.
Taruga Gold LimitedBernard Aylward