SUB-SAHARA R E S O U R C E S NL 7 August 2009 ASX Announcement Following approval of the Scheme of Arrangement (“Scheme”) to merge Chalice Gold Mines (“Chalice”) and Sub‐Sahara Resources (“Sub‐Sahara”) by Sub‐Sahara shareholders, the next step in the merger process will be to obtain final Court approval, with this hearing scheduled for Wednesday, 12 August 2009. The full indicative timetable to completion of the merger, which is subject to change, is outlined below. Second court hearing to approve Scheme of Arrangement/Merger 12 August 2009 Scheme Effective Date – court order lodged with ASIC and Announced to ASX 14 August 2009 Last day of trading in Sub‐Sahara shares – shares suspended from trading on ASX from close of trading 14 August 2009 Trading of new Chalice shares on ASX on a deferred settlement basis 17 August 2009 Record Date ‐ for determining entitlements to Chalice Shares 21 August 2009 Implementation Date – allotment of Chalice shares to Sub‐Sahara Shareholders 26 August 2009 Trading of new Chalice shares on ASX on a normal settlement Basis 2 September 2009 Yours faithfully, For and on behalf of Sub‐Sahara Resources NL E A Myers Company Secretary
SBS Price at posting:
2.8¢ Sentiment: Buy Disclosure: Held