HANDAL RESOURCES BERHAD (“HANDAL” OR THE “COMPANY”) (I) PROPOSED RIGHTS ISSUE; (II) PROPOSED BONUS ISSUE; (III) PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL; AND (IV) PROPOSED AMENDMENTS (COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)

HANDAL RESOURCES BERHAD

TypeAnnouncement
SubjectHANDAL RESOURCES BERHAD (“HANDAL” OR THE “COMPANY”)

(I) PROPOSED RIGHTS ISSUE;

(II) PROPOSED BONUS ISSUE;

(III) PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL; AND

(IV) PROPOSED AMENDMENTS

(COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)
ContentsWe refer to the announcements dated 21 September 2010 and 23 December 2010 in relation to the Proposals.

On behalf of the Board of Directors of Handal (“Board”), OSK Investment Bank Berhad wishes to announce that Bank Negara Malaysia had vide its letter dated 26 January 2011, approved the issuance of up to 60,000,000 new warrants in Handal to the non-resident shareholders of Handal pursuant to the Proposals.

This announcement is dated 26 January 2011.


Announcement Info

Company NameHANDAL RESOURCES BERHAD  
Stock Name HANDAL    
Date Announced26 Jan 2011  
CategoryGeneral Announcement
Reference NoOI-110126-59798