Stirling Resources Limited (ASX:SRE)
Perth, April 7, 2009 AEST (ABN Newswire) - Stirling Resources Limited (ASX:SRE) yesterday offered shareholders to participate in further growth of the company with a letter to the shareholders for a Share Purchase Plan (SPP). This letter was sent by the Managing Director - Michael Kiernan.
Share Purchase Plan
I am writing to offer you the opportunity to increase your shareholding in Stirling Resources Limited, and further participate in our growth as a diversified Australian resources developer.
Stirling has announced a Share Purchase Plan (SPP), which allows all eligible shareholders to purchase additional shares in Stirling at A$0.02 per share. Shareholders are entitled to purchase up to A$5,000 worth of shares without incurring brokerage or other transaction costs and at the same time become eligible for a bonus loyalty option allocation. The bonus loyalty options are a unique and rewarding offer to those shareholders who maintain loyalty with the Company Stirling has achieved a lot in the past six months, and we have a prime opportunity in the current market to acquire high quality assets at substantially reduced costs.
Pipeline of projects: Stirling has already seized a number of opportunities. This has included a major interest in high grade copper producer Redbank Mines (ASX:RBM), and the acquisition of zircon assets in northern Australia. We believe the long term outlook for commodities such as iron ore, coking coal, zircon, copper and gold is bright, and we have identified further potential projects.
Strong management team: We have put together an executive team and Board that has considerable resources experience, and an established track record of creating significant shareholder value. Furthermore, we have cemented strong strategic partnerships with world leading organisations.
World class partners: Our partners include major shareholder and global commodity marketing company DCM DECOmetal, and leading Indian resources organisation NMDC Limited. These partnerships provide us with global market reach, and access to international expertise and resources to develop a growing portfolio of projects.
Solid financial position: Stirling is in a strong cash position, having raised A$4.8 million in February through a convertible note and share placement to DCM.
As the Company moves to capitalise on the current market opportunities, the Board is pleased to provide you with the opportunity to participate in the SPP.
Attached is a copy of the SPP Offer Document and should you like the opportunity to top up your investment you simply need to complete the attached form and return it with payment in the replied paid envelope before 15 April 2009.
I welcome calls from shareholders and can be contacted at Stirling's offices. I believe Stirling is well positioned for growth, and I look forward to our future with much enthusiasm.
Michael Kiernan
Managing Director
- Ends -
For the full Shareholder Purchase Plan please see the link below;
http://www.abnnewswire.net/media/en/docs/60446-ASX-SRE-442783.pdf
Contact
Michael Kiernan
Managing Director
Tel: +61-8-6389-6800
| ||
|
