Tribune Resources N.L.

Published : September 14th, 2015

On Market Share Buy-Back

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On Market Share Buy-Back

Microsoft Word - 2015-0914 Buyback announcement.doc

On Market Share Buy‐Back


ASX ANNOUNCEMENT

14 September 2015

Australian Securities

Exchange Code: TBR

Board of Directors:

Mr Otakar Demis

Chairman and Joint Company

Secretary

Mr Anton Billis

Managing Director

Mr Gordon Sklenka

Non-Executive Director

Mrs Lyndall Vaughan

Joint Company Secretary

Suite G1, 49 Melville Parade

South Perth WA 6151

T: +61 8 9474 2113

F: +61 8 9367 9386

E: [email protected]
W: www.tribune.com.au

ABN: 11 009 341 539

On Market Share Buy‐Back

Tribune Resources Limited (ACN 009 341 539)

Tribune Resources Limited (ACN 009 341 539) (Company) announces that it will undertake an on‐market buy‐back of ordinary shares (Share Buy‐Back). The Company intends to buy back up to a maximum of 5,000,302 shares.
The board considers that the Company's current share price does not accurately reflect the strong underlying value within the Company's assets and the Share Buy‐Back represents an opportunity to add value to the remaining shares on issue.
Accordingly, the Company intends to return surplus cash to shareholders through an on‐market Share Buy‐Back program. The Share Buy‐Back will commence on 28 September 2015 for a 12 month period. Up to a maximum of 5,000,302 shares may be bought‐back during this period (representing 10% of the smallest number of shares on issue in the last 12 months).
Based on the Company's closing share price on 11 September 2015, being
$3.73, this would equate to a return of approximately $18.65 million. The timing and actual number of shares to be purchased will be subject to market conditions. The board considers that the Share Buy‐Back will not impact the Company's current activities for the next 12 months.
The Company proposes to instruct its broker, (Mainbreak Securities Pty Ltd (CAR 280043) of RM Capital Pty Ltd (AFSL 221938)) to take a position in the market only where the position maximises the benefit of the Share Buy‐ Back to the Company. The maximum number of shares that may be bought back under the terms of the Share Buy‐Back is listed above, however the Company advises shareholders that there can be no certainty that the Company will acquire (or seek to acquire) any or all shares under the Share Buy‐Back.
Subject to the requirements of the Corporations Act, the Company also intends to undertake a buy‐back of ordinary shares from shareholders who hold less than marketable parcels after its closure of the Share Buy‐Back. The Company will provide further information in respect of this matter following completion of the Share Buy‐Back.


Should you have any queries, please contact the Company on (08) 9474 2113. Yours faithfully

Anton Billis

Director

TRIBUNE RESOURCES LIMITED

TRIBUN E RESOURCES LTD ASX ANNOUNCEMENT | 14 SEPTEMBER 2015 2

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Tribune Resources N.L.

CODE : TBR.AX
ISIN : AU000000TBR5
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Tribune Res. is a gold exploration company based in Australie.

Tribune Res. is listed in Australia, in Germany and in United States of America. Its market capitalisation is AU$ 217.0 millions as of today (US$ 146.5 millions, € 131.7 millions).

Its stock quote reached its lowest recent point on August 13, 2010 at AU$ 1.00, and its highest recent level on September 13, 2019 at AU$ 8.90.

Tribune Res. has 50 000 000 shares outstanding.

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Corporate news of Tribune Resources N.L.
11/2/2015Quarterly EKJV Exploration Results
10/8/2015Notice of Annual General Meeting/Proxy Form
9/14/2015Appendix 3C
9/14/2015On Market Share Buy-Back
8/19/2015EKJV Exploration Report - June 2015 Quarter
4/14/2015Notice of Meeting - Removal of Auditor
4/7/2015End of Year Resource 2014 for Raleigh and Hornet-Rubicon
3/20/2015ASIC Media Release -Tribune Resources Limited corrects error
1/30/2015Cancellation of 97,786 shares as part of Share Buy-Back
1/9/2015December Production Report
1/8/2015Cancellation of 41,470 shares as part of Share Buy-Back
1/8/2015Cancellation of 66,947 shares as part of Share Buy-Back
3/6/2014Pegasus Drilling Results
3/3/2014Disruption to Raleigh Mine Production
1/10/2014Change in substantial holdings from RND
1/9/2014Change of Director's Interest Notice - G Sklenka
1/8/2014Change of Director's Interest Notice x 3
11/29/2013Results of Meeting
11/13/2013Market Update - East Kundana Joint Venture
6/18/2013Daily share buy-back notice - Appendix 3E
12/17/2008Campaign 9 ResultsReceived: from phpmailer ([202.74.164.44])
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