Heritage Gold IPO date offer extended

2 December 2010

Heritage Gold (NZ) Ltd said it had asked Broken Hill Prospecting Ltd (BHPL) for more time to consider the BHPL initial public offer and the closing date for the offer has been extended to December 20 as a result. BHPL, which is 28 per cent-owned by Heritage Gold, is selling shares that will be listed on the NZX, as well the ASX. The offer is for up to 25 million shares of A20c each, with a free option to buy a share at A20c for every two ordinary shares held within three years of listing. The company can accept oversubscriptions of 10 million shares. BHPL will use the money raised to explore sulphide prospects and cobalt deposits in the Broken Hill region of Australia. The offer opens on November 15 and was previously due to close on December 6.

AAP 16:22 AEST Thu Dec 2 2010