Moto Securityholders Approve Deal with Randgold


 

TIDMMOE TIDMRRS 
 
RNS Number : 5917A 
Moto Goldmines Limited 
12 October 2009 
 

 
 
 
 
 
 
 
 
 
 
 
 
NEWS RELEASE 
 
 
FOR IMMEDIATE RELEASE 
                      TSX Code - MGL 
OCTOBER 12, 2009 AIM Code - MOE 
 
 
MOTO SECURITYHOLDERS APPROVE 
TRANSACTION WITH RANDGOLD RESOURCES 
 
 
PERTH, WESTERN AUSTRALIA - Moto Goldmines Limited ("Moto") announces that at the 
special meeting of the registered holders of Moto common shares ("Moto 
Shareholders") and the holders of options to acquire Moto common shares 
(together with Moto Shareholders, the "Moto Securityholders"), the Moto 
Securityholders approved the arrangement resolution regarding the combination 
(the "Arrangement") with Randgold Resources Limited ("Randgold"), which was 
announced on August 5, 2009. 
 
 
Votes on the arrangement resolution were cast in respect of 56.68% of the total 
number of issued and outstanding Moto common shares and options. Of the votes 
cast, 98.1% voted in favour and 1.9% voted against. 
 
 
Based on election forms received from Moto Shareholders by the election deadline 
of 4 pm (Pacific Time) on October 7, 2009, holders of 17,195,516 common shares 
elected to receive Cash Consideration, being US$4.47 per Moto common share, as 
set out in the plan of arrangement (the "Plan of Arrangement") attached to the 
information circular sent to Moto Securityholders in respect of the meeting, 
resulting in aggregate cash payable by Randgold of US$76,863,956.52. Since this 
amount does not exceed the Cash Parameter (as defined in the Plan of 
Arrangement), no pro-ration of the amount payable to such holders will be 
required. 
 
 
Moto currently anticipates applying to the Supreme Court of British Columbia for 
a final order approving the Arrangement on or about October 14, 2009. The 
effective date of the Arrangement will be a date agreed between Randgold and 
Moto and is presently targeted for October 15, 2009.  It is expected that the 
Moto common shares will be delisted from the Toronto Stock Exchange and the 
Alternative Market of the London Stock Exchange (AIM) two or three business days 
following the effective date. 
 
 
 
 
For further information in respect of the Company's activities, please contact: 
 
 
+-----------------------------------------+--------------------------------------+ 
| Andrew Dinning                          | Mark Arnesen                         | 
+-----------------------------------------+--------------------------------------+ 
| President and Chief Operating Officer   | Financial Director and Chief         | 
|                                         | Financial Officer                    | 
+-----------------------------------------+--------------------------------------+ 
| Tel: +61 8 9273 4222                    | Tel: +61 8 9273 4222                 | 
+-----------------------------------------+--------------------------------------+ 
| email: adinning@motogoldmines.com       | email: marnesen@motogoldmines.com    | 
|                                         |                                      | 
+-----------------------------------------+--------------------------------------+ 
Moto Goldmines Limited website: www.motogoldmines.com 
+-----------------------------------------+-----------------------------------------+ 
| Nominated advisor for the purposes of   | RFC Corporate Finance Ltd               | 
| AIM:                                    | Steve Allen                             | 
|                                         | Tel: +61 8 9480 2508                    | 
|                                         | email: Steve.Allen@rfc.com.au           | 
+-----------------------------------------+-----------------------------------------+ 
| AIM Broker                              | GMP Securities Europe LLP               | 
|                                         | James Cassley                           | 
|                                         | Tel: +44 207 647 2803                   | 
|                                         | email: james.cassley@gmpeurope.com      | 
+-----------------------------------------+-----------------------------------------+ 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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