NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS): OTHER ISSUE OF SECURITIES

HANDAL RESOURCES BERHAD

TypeAnnouncement
SubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
OTHER ISSUE OF SECURITIES
DescriptionHANDAL RESOURCES BERHAD (“HANDAL” OR THE “COMPANY”)

(I) RENOUNCEABLE RIGHTS ISSUE OF 60,000,000 NEW ORDINARY SHARES OF RM0.50 EACH IN HANDAL (“RIGHTS SHARE(S)”) AT AN ISSUE PRICE OF RM0.52 PER RIGHTS SHARE TOGETHER WITH 60,000,000 NEW FREE DETACHABLE WARRANTS (“WARRANT(S)”) ON THE BASIS OF TWO (2) RIGHTS SHARES AND TWO (2) FREE WARRANTS FOR EVERY THREE (3) EXISTING ORDINARY SHARES OF RM0.50 EACH HELD IN HANDAL (“HANDAL SHARE(S)”) AT 5.00 P.M. ON 10 MARCH 2011 (“RIGHTS ISSUE”); AND

(II) BONUS ISSUE OF 10,000,000 HANDAL SHARES (“BONUS SHARE(S)”) ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY SIX (6) RIGHTS SHARES SUBSCRIBED BY THE EXISTING SHAREHOLDERS OF HANDAL AND/OR THEIR RENOUNCEE(S) PURSUANT TO THE RIGHTS ISSUE (“BONUS ISSUE”)

(COLLECTIVELY REFERRED TO AS THE “CORPORATE EXERCISES”)


Announcement Info

Company NameHANDAL RESOURCES BERHAD  
Stock Name HANDAL    
Date Announced31 Mar 2011  
CategoryGeneral Announcement
Reference NoOI-110331-55737