Anyone care to speculate why AU wants(needs?) to raise cash in a raising gold price environment?
(Doug or someone should forward to Bill M.)
AngloGold Files Registration Statement With U.S. Securities And Exchange Commission
Tuesday December 17, 9:22 am ET
NEW YORK, NY --(INTERNET WIRE)--Dec 17, 2002 -- AngloGold (NYSE:AU - News) announced today that it has filed a shelf registration statement with the U.S. Securities and Exchange Commission to enable the company to offer up to U.S. $600 million of its ordinary shares (in the form of ordinary shares or American depositary shares), debt securities (which may be convertible or exchangeable for other securities in AngloGold), warrants to purchase ordinary shares and rights to purchase ordinary shares, or any combination of these securities, in one or more offerings from time to time. AngloGold's wholly-owned subsidiary, AngloGold International Holdings S.A., may also offer debt securities under the shelf registration statement which, if offered, will be guaranteed by AngloGold.
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AngloGold and AngloGold International Holdings S.A. may not issue and sell any securities pursuant to the shelf registration statement until the shelf registration statement is declared effective by the Securities and Exchange Commission. The issuance and sale of any securities will also be subject to the approval of the South African Reserve Bank.
The amount, type and price of the securities offered at any given time, and the names of underwriters, if any, will be determined at the time of the offering and will be provided in a supplement to the prospectus contained in the shelf registration statement.
AngloGold plans to add the net proceeds from the sale of any securities pursuant to this shelf registration statement to its general funds, and to use these proceeds for working capital or general corporate purposes or to fund any potential future acquisitions. AngloGold may also apply these proceeds to reduce its short-term or other debt.
Formed in 1998, AngloGold is one of the world's largest gold producers by volume of gold produced, with extensive reserves and production of some 6 million ounces of gold annually. The company's operations comprise open-pit and underground mines and surface reclamation plants in Africa, Australia, North America and South America. Its corporate headquarters are located in Johannesburg, South Africa.
AngloGold's American depositary shares, each representing one half of an ordinary share, are listed on the New York Stock Exchange under the symbol "AU." AngloGold's ordinary shares are listed on the JSE Securities Exchange South Africa under the symbol "ANG," on the London Stock Exchange under the symbol "79LK", on the Paris Bourse under the symbol "VA FP", on the Australian Stock Exchange in the form of CHESS Depositary Interests (each representing one tenth of an ordinary share) under the symbol "AGG", and quoted in Brussels in the form of International Depositary Receipts under the symbol "ANG BB". With effect from the close of business on December 24, 2002, AngloGold's ordinary shares will be sub-divided on a two for one basis. This will result in each AngloGold American depositary share (ADS) representing one AngloGold share and each AngloGold CHESS Depositary Interest (CDI) representing one fifth of an ordinary share. The number of outstanding ADSs and CDIs will not change as a result of the sub-division of AngloGold's ordinary shares.
Copies of the prospectus, which forms part of the registration statement filed with the U.S. Securities and Exchange Commission, may be obtained from AngloGold's investor relations personnel.
A registration statement relating to the securities has been filed with the U.S. Securities and Exchange Commission but has not yet become effective. Offers of the securities described in this prospectus will only be made pursuant to the prospectus or a supplement to the prospectus. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of securities in any state of the United States or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or other jurisdiction.
Disclaimer
Except for the historical information contained herein, there are matters discussed in this news release that are forward-looking statements. Such statements are only predictions and actual events or results may differ materially. For a discussion of important factors including, but not limited to development of the Company's business, the economic outlook in the gold mining industry, expectations regarding gold prices and production, and other factors, which could cause actual results to differ materially from such forward-looking statements, refer to the Company's annual report on the Form 20-F for the year ended 31 December 2001 which was filed with the Securities and Exchange Commission on 28 June 2002.
Contact:
Contact: Charles Carter
Company: AngloGold
Title: North American investor relations contact
Voice: 800-417-9255
Fax: 212-750-5626
Email: cecarter@anglogold.com
URL: anglogold.com
Alternate Number:: 212-750-7999
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Source: AngloGold
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