Dear Shareholder
The closing date for the Shareholder Share Purchase
Plan (SPP), announced by PlatSearch on 25 November 2005 and available to
all registered shareholders at 25 November 2005, has been extended from
22 December 2005 to Monday 16 January 2006 in order to bring
shareholders up to date with recent developments with PlatSearch’s
exploration activities and because of delays in the mail during the
holiday season.
The Plan gives each shareholder the opportunity to
acquire between $500 and $5,000 worth of PlatSearch shares at 7 cents
per share. Over the last five trading days PlatSearch shares have traded
on ASX at a weighted average price of 7 cents per share. The 7 cent
issue price is therefore in line with the current market price and a
3.4% discount to the weighted average for the December quarter to date,
and no brokerage or stamp duty is payable.
While participation in the Plan may be attractive to
all shareholders, it may be especially attractive to holders of an
unmarketable parcel (less than $500 worth or approximately 7,100
PlatSearch shares). To participate in the Plan, acceptances must be
received at the PlatSearch registry, Computershare by 5:00pm Perth time
on revised closing date of Monday 16 January 2006. The shares
subscribed for will be issued, and quotation applied for, on or about 23
January 2006.
If you wish to apply for shares under the Plan please
use the blue Application Form forwarded with the letter dated 25
November 2005. Should you have any queries please contact Robert Waring,
PlatSearch Company Secretary, or Bob Richardson, Managing Director on
(02) 9906 5220 or Computershare on (08) 9323 2000 during business hours.
If you have mislaid your blue Application Form please contact
Computershare.
The closing date for acceptances under the Plan will
not be extended again, so please act now if you wish to take advantage
of PlatSearch's share offer to shareholders.
Update of current exploration activities
There will be high activity, including drilling, on
many of PlatSearch’s projects over the coming months and to assist your
consideration of this offer, PlatSearch wishes to keep shareholders up
to date with its progress. Shareholders will have been sent a Summary of
Exploration Highlights with the SPP offer documents sent on 25 November
2005. Two further ASX announcements have been released since that date
and can be accessed by clicking on the web addresses
below.
Fairy Hill Prospect, Euriowie
Project, Broken Hill, Drilling Progress Report
http://www.platsearch.com.au/16dec05.htm
Exploration Update - Euriowie,
Lake Cargelligo and ZincSearch
http://www.platsearch.com.au/12dec05.htm
Yours sincerely
PlatSearch NL
