Bullabulling Gold Limited ISSUE OF NEW SHARES (1591L)

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RNS Number : 1591L

Bullabulling Gold Limited

02 July 2014

2 July 2014 ASX Code: BAB, AIM Code: BGL

ISSUE OF NEW SHARES

With effect from 1 July 2013, Mr Peter Mansell, Chairman of Bullabulling Gold Limited (Bullabulling), and Mr Ronnie Beevor, a non-executive director of Bullabulling, agreed to receive shares in Bullabulling in lieu of 50% of their non-executive directors' fees.

At the annual general meeting of shareholders of Bullabulling held on 27 May 2014, shareholders approved the issue of up to 4,046,875 Bullabulling shares to Mr Mansell and Mr Beevor, being the maximum number of shares that the company could be required to issue them in lieu of directors' fees in the 12 months from the date of the approval.

The Appendix 3B also released today relates to the issue of 321,180 Bullabulling shares (New Shares) to Mr Mansell and Mr Beevor in respect of the 1 April to 30 June 2014 quarter.

Norton Gold Fields Limited (Norton) announced an off-market takeover bid (Offer) for Bullabulling. The terms of the Offer extend to all of the issued ordinary shares in the capital of Bullabulling on issue at 5.00pm (AWST) on 18 April 2014 and all shares that come to be in the bid class during the Offer period due to the conversion of or exercise of rights attached to other securities on issue (including options) at 5.00pm (AWST) on 18 April 2014 (Bid Class Securities).

The New Shares are therefore not Bid Class Securities for the purpose of the Offer.

In order to prevent a disorderly market in Bullabulling Shares, the New Shares will be quoted with the code 'BABN' to indicate that the New Shares are not Bid Class Securities.

The New Shares will continue to be quoted as BABN until such time as the Offer is extended to include the New Shares or the Offer is closed.

David McArthur

Company Secretary

Further enquiries:

 
 Brett Lambert                    Westhouse Securities Limited 
  Bullabulling Gold Limited        (UK Broker & Nominated Adviser) 
  Level 2, 55 Carrington Street    Martin Davison / Hugo Rubinstein 
  Nedlands, WA, 6009, Australia    Tel: +44 20 7601 6100 
  Tel: +61 8 9386 4086 
 Neil Boom                        John Gardner / Rupert Dearden 
  Gresham PR Ltd (UK media)        MAGNUS Investor Relations. Corporate 
  Tel: +44 7866 805 108            Communication. (Australian Media) 
                                   Tel: +61 8 6160 4900 
                                   jgardner@magnus.net.au rdearden@magnus.net.au 
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This information is provided by RNS

The company news service from the London Stock Exchange

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