ASX / MEDIA RELEASE 18 December 2009STIRLING TO FINALISE MONARCH...

ASX / MEDIA RELEASE 18 December 2009
STIRLING TO FINALISE MONARCH GOLD TRANSACTION
Australian resources developer Stirling Resources (ASX: SRE) will issue a new share
entitlement issue Prospectus to raise approximately $9.8 million to complete the
recapitalisation of Monarch Gold.
The Company had previously issued a Prospectus dated 13th October to raise funds
however the Australian Securities and Investments Commission requested additional
information to be included.
In order to resolve this issue and to enable Stirling to move forward the company agreed to
the Australian Securities and Investments Commission placing a final stop order on the
Prospectus dated 13th October and will today be issuing a new Prospectus.
The new Offer is being made as a Renounceable Entitlement issue of one new share for
every share currently held, with an issue price of $0.15 per share. It will also include one
free attaching option for every new share issued, with a strike price of $0.15.
The Prospectus outlining the entitlement issue will be dispatched to shareholders shortly.
The Offer is expected to close on 22 January 2010.
Any shareholders who subscribed for shares under the original Prospectus dated 13th
October will be given the option of either placing the funds into the new Prospectus or
receive a refund. Any investors who acquired rights under the original Prospectus will be
given the option of acquiring shares in any shortfall under the new Prospectus.
Stirlings major shareholders Crawley Investments and DCM DECOMetal, which combined
account for 35% of Stirlings equity, propose to take up their allocations under the
entitlement. When fully subscribed, Stirling will have about 131 million shares on issue.
Stirling has already paid $6.5m of the $15.0m required for the Monarch Recapitalisation and
the balance of $8.5m will be paid on or before 29th January 2010 from the proceeds of the
Prospectus.
Monarch shareholders have previously approved the change of name to Swan Gold Mining
Limited once the Recapitalisation process is completed.
Managing Director Michael Kiernan commented that Swan Gold will be focused, upon
settlement of the Recapitalisation Deed, on commencing the Carnegie open pit operations
during February and the Mt Ida underground operations in July 2010.
For a corporate overview on Swan Gold, please visit www.stirlingresources.com.au or
www.swangoldmining.com.au
For more information:
Michael Kiernan Warrick Hazeldine / Ryan McKinlay
Managing Director Purple Communications
Tel: 08 6389 6800 Tel: 08 6314 6300
Mob: 0417 944 616 / 0408 347