400k plus raised, the capital raising once the shortfall shares...

400k plus raised, the capital raising once the shortfall shares are taken up should result in a full subscription.
Wishing all gondwana shareholders a happy and safe new year and fingers crossed for world markets to settle down sooner rather than later and a bounce in commodity prices and a rise in the gda share price.
cheers, fatstocks.

30 December 2008
The Company Announcements Office
Australian Stock Exchange Limited
www.asxonline.com
Dear Sirs
Entitlement Offer
The Company advises the closure of its pro rata non-renounceable Entitlement Offer (Offer)
pursuant to the Company’s Prospectus dated 25 November 2008 and Supplementary
Prospectus dated 3 December 2008.
A total of 73,534,100 New Shares and 73,534,100 New Options exercisable on or before 31
May 2009 at 1 cent each were offered to shareholders (after rounding up entitlements). The
results of the Offer are summarised below:
New Shares New Options
Acceptances 30,645,429 30,645,429
Round Up Offer 12,599,267 12,599,267
__________ __________
Total acceptances 43,244,696 43,244,696
__________ __________
Amount raised from acceptances: $432,446.96 $432,446.96
__________ __________
Shortfall available for placement 30,289,404 30,289,404
__________ __________
A number of applications have already been received for further New Shares and New
Options out of the shortfall and these will be issued once all shortfall applications have been
received and allocated as set out in the Prospectus.
Holding Statements are to be despatched to shareholders on 5 January 2009. An
Appendix3B will be separately lodged.
For further information, please contact the Company from 5 January 2009 onwards on
telephone (08) 9388 9961 or (08) 9388 9697 or email the Company at any time on
[email protected].
Yours faithfully
Warren Beckwith
Director
Gondwana Resources Limited