Allied Gold Limited: Notification of Cancellation of Admission to Trading on AIM and Scheme Update
Published : May 31, 2011
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Keywords :   Australia | Canada | Capital Markets | Gold | London | Market |

TORONTO, ONTARIO--(Marketwire - May 31, 2011) -

THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OR ANY JURISDICTION IN WHICH SUCH PUBLICATION RELEASE OR DISTRIBUTION WOULD BE UNLAWFUL

Further to the announcements released by the Company on 4 May 2011 and 6 May 2011, Allied Gold (TSX:ALG)(AIM:AGLD)(News - Market indicators) announces, pursuant to AIM Rule 41, that its shares will cease to be admitted to trading on the London AIM market, effective 8.00 a.m. on 30 June 2011, with admission to a premium listing on the Official List of the UK Listing Authority and commencement of trading on the main market of the London Stock Exchange plc of shares of Allied Gold Mining PLC (the successor company under proposed schemes of arrangement) to occur simultaneously, provided that the Schemes are approved by shareholders and option holders of the Company at the Scheme Meetings to be held on 6 June 2011 and the Supreme Court of Queensland at the court hearing to be held on 20 June 2011.

Under the proposed Schemes, all existing shares and options in Allied Gold will be exchanged for shares or options in Allied Gold Mining PLC. The ASX timetable for court approved capital reorganisations generally requires a period of 5 business days between the date for determining participation in the Schemes ("Scheme Record Date") and the date the Schemes become effective ("Effective Date"). Allied Gold applied for a waiver from ASX to shorten the period between the Scheme Record Date and the Effective Date to 4 business days, however the ASX was unable to grant this waiver making it necessary to extend the Scheme Record Date by 1 business day from Friday, 24 June 2011 to now Monday, 27 June 2011.

Allied Gold and Allied Gold Mining PLC have entered into an agreement with each other to change the Scheme Record Date to Monday, 27 June 2011.

The related Scheme Documents and the Circular are available on the Company's website, www.alliedgold.com.au.

Capitalised terms used, but not otherwise defined, in this announcement have the same meanings as set out in the Company's announcement of 4 May 2011 with RNS number 8920F.



Allied Gold Limited
Australia
Simon Jemison
Investor and Media
+61-418-853-922
or
Allied Gold Limited
Canada
Rebecca Greco
Investor Relations
+1 416-839-8610
or
Allied Gold Limited
London
David Simonson
C/. MerlinPR
+ 44(0) 20 7736 8400
or
Beaumont Cornish Limited
(the Company's nominated adviser)
Roland Cornish
+44 (0) 207 628 3396
or
RBC Capital Markets
(the Company's sponsor)
+44 (0) 207 653 4000
Data and Statistics for these countries : Australia | Canada | All
Gold and Silver Prices for these countries : Australia | Canada | All

Allied Gold Ltd.

PRODUCER
CODE : ALD.AX
ISIN : AU000000ALD4
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Allied Gold is a gold development stage company based in Australia.

Allied Gold produces gold, copper in Papua New Guinea, and holds various exploration projects in Australia and in Papua New Guinea.

Its main assets in production are SIMBERI MINING JV and JOHNSON CAMP (COPPER CHIEF / BURRO) in Papua New Guinea and its main exploration properties are MT DROMEDARY JV and MONAKOFF in Australia and TABAR ISLANDS in Papua New Guinea.

Allied Gold is listed in Australia. Its market capitalisation is AU$ 31.3 billions as of today (US$ 22.6 billions, € 19.8 billions).

Its stock quote reached its lowest recent point on December 12, 2003 at AU$ 0.14, and its highest recent level on January 21, 2022 at AU$ 30.03.

Allied Gold has 1 042 206 569 shares outstanding.

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In the News and Medias of Allied Gold Ltd.
4/11/2006Broker report
Financings of Allied Gold Ltd.
4/7/2011Completes A$93.8 Million Placement
Nominations of Allied Gold Ltd.
8/4/2011Mining PLC: Appointment of Joint Broker
6/13/2011: Executive Management Changes
1/8/2008 Appoints CEO as PNG mine readies for start
9/28/2007(Simberi Mining Jv) appoints PNG gold mine open pit operator
Project news of Allied Gold Ltd.
10/3/2011Mining PLC: Production Update
4/1/2011(Simberi Mining Jv): Simberi (PNG) Update-Plan to Recommence Production Later T...
4/24/2008(Simberi Mining Jv)SIMBERI GOLD EXPLORATION UPDATE
Corporate news of Allied Gold Ltd.
8/14/2012Results of Shareholder Meetings
8/2/2012St Barbara / Allied Gold: FIRB Approval Received
7/18/2012Posting of Scheme Document
7/11/2012NOTICE TO SHAREHOLDERS
6/29/2012Recommended Offer for St Barbara Limited
6/20/2012Results of Annual General Meeting
5/31/2012Mining Announces Board Member Update
4/30/2012Activities Report for March Quarter (Q1) 2012
3/7/2012announces ASX Appendix 4E Correction
3/2/2012Notification of Major interest in Shares
2/6/2012Mining announces Simberi Support
2/6/2012Mining announces Simberi Support
1/24/2012Activities report for December quarter 2011
1/5/2012December 2011 Quarter Update
10/25/2011Mining PLC: Simberi Update
10/7/2011Mining PLC - Block Listing Application
9/9/2011Mining - FTSE Indices
8/31/2011Mining PLC: Exploration Update
8/24/2011Mining PLC: Proposed PNG legislation not expected to impact ...
8/15/2011MD&A FOR QUARTER AND HALF YEAR ENDED 30 JUNE 2011
7/11/2011Mining PLC: Voting Rights and Capital
6/30/2011Mining Plc: Completion of Schemes and Commencement of Dealin...
6/17/2011: Publication of Prospectus in Connection With Proposed Move...
6/6/2011: Notification of Approval of Shareholder and Optionholder S...
5/31/2011: Notification of Cancellation of Admission to Trading on AI...
5/10/2011: Scheme of Arrangement-Notice of Shareholder Meetings
5/5/2011: Scheme of Arrangement-Court Orders Convening of Scheme Mee...
4/20/2011: UK Main Market Listing and Scheme of Arrangement
3/23/2011Holds Official Re-Opening Ceremony at Gold Ridge Gold Mine
3/6/2011: Simberi (PNG) Gold Production March Quarter Guidance
2/28/2011: Gold Production Imminent Commissioning Begins-Gold Ridge, ...
3/19/2008announces promising early production in PNG
8/2/2007Major hedge coup for Allied Gold
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AUSTRALIA (ALD.AX)
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AUSTRALIA
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