dgo gold ltd

DGO Gold Ltd Acquisition

Following the successful takeover of DGO Gold Limited by Gold Road Resources Limited, DGO Gold Limited is now a subsidiary of Gold Road Resources. 

DGO Gold ceased trading on the ASX on 1 July 2022. 

Gold Road Resources announced on 24 June 2022 that it will compulsory acquire the remaining shares in DGO Gold.  Compulsory Acquisition forms will be posted to DGO shareholders in August 2022.   Click here to read the full announcement. 

For enquiries regarding your shareholding in DGO please contact Gold Road on +61 8 9200 1600 or [email protected]  

Q&A for Shareholders of DGO Gold Limited

Why has DGO stopped trading on the ASX?

DGO stopped trading on 1 July 2022 because Gold Road has reached a 90% interest in DGO and commenced the compulsory acquisition process on 25 June 2022. Under the Compulsory Acquisition, ASX ceases trading of DGO 5 business days after notice of the compulsory acquisition process.

What is the Gold Road Offer / what is the Consideration?

Gold Road offered via an off-market takeover to acquire all DGO’s shares by issuing 2.25 Gold Road shares for each DGO share held. Further information is available on public releases to the ASX by Gold Road.

If you hold more than $500 worth of shares, you will receive 2.25 Gold Road shares for each DGO share held.

If you hold less than $500, you will receive the cash equivalent of 2.25 Gold Road shares for each DGO share held as you hold an unmarketable parcel. The Gold Road shares allocated will be sold and you will receive the proceeds. There is no brokerage or commission charged on the sale of the shares.

I have accepted my offer, when will I receive my consideration?

If you submitted a valid application before close of the Offer on 30 June 2022 to Computershare, your Gold Road shares will be issued on 6 July 2022 (or if you’re holding is less than $500, the Gold Road shares will be sold and a cheque will be issued and posted to you on 6 July 2022).

If the application was not valid or was not submitted on time, you will need to wait until you receive a Compulsory Acquisition claim form which will be posted to you in August 2022. Please do not complete any acceptance forms which have previously been sent and do not have the words “Compulsory Acquisition” on them. These forms are no longer valid.

Why do I have to wait until August for a Compulsory Acquisition Claim Form?

If you submitted a valid application before close of the Offer on 30 June 2022 to Computershare, your Gold Road shares will be issued on 6 July 2022 (or if you’re holding is less than $500, the Gold Road shares will be sold and a cheque will be issued and posted to you on 6 July 2022).

If the application was not valid or was not submitted on time, you will need to wait until you receive a Compulsory Acquisition claim form which will be posted to you in August 2022. Please do not complete any acceptance forms which have previously been sent and do not have the words “Compulsory Acquisition” on them. These forms are no longer valid.

I don’t want to wait until August, what are my options?

Unfortunately, as the Offer has closed and DGO has ceased trading after 1 July 2022, there are no other options .

I don’t want to accept the Gold Road offer

Unfortunately, there is no longer any option.

If you don’t complete the Compulsory Acquisition form, you will not receive the Gold Road shares. If you do not complete the form, the Gold Road shares will be held on trust for a period of time before being transferred to ASIC, who may sell them after a period of time following advertising in unclaimed money. The proceeds of any sale by ASIC will form part of the Federal government’s general revenue. It’s therefore in your interest to complete the form as soon as possible.

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