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ANNOUNCEMENT
Share Purchase Plan
28 January 2010: Brisbane, Australia - Citigold Corporation Limited (Citigold) (ASX:CTO,
FSE:CHP) is pleased to announce an offer of new fully paid shares under a Share Purchase Plan
("SPP") to all of the Company"s eligible shareholders registered at 7pm Brisbane time on 27
January 2010.
Under the SPP shareholders will each be entitled to apply for up to $15,000 of ordinary new
shares at a discount to the market without incurring brokerage or other transaction costs.
Citigold recognises and values all of its shareholders.
This discount offer is of particular benefit
to Citigold"s substantial and strong retail investor base.
The funds raised from this plan are to be used towards expanding Citigold"s gold mining
operations at Charters Towers and for working capital.
This expansion program includes planning and preparatory works for the expected reactivation
of Citigold"s City Central Decline mining area.
The City reefs form a major part of the overall
Charters Towers 10 million ounce gold Inferred Mineral Resource* (23 million tonnes at 14
grams per tonne gold).
The management team view the City reefs hold great potential to add a second independent
source of ore to the Company"s existing gold process plant.
A written offer document containing the terms and conditions of the SPP will be mailed to
eligible shareholders and the offer will open 28 January 2010.
The offer is non-renounceable and
participation in the SPP is optional.
The Directors intend to personally take up their full SPP entitlement
In accordance with regulatory requirements a notice under Class Order 09/425 is attached.
For further information contact:
Matthew Martin
Company Secretary
Citigold Corporation Limited: telephone +61 7 3834 0000
Or visit the Company"s web site at: www.citigold.com
* 0$
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