Golden Cross Resources Ltd (ASX: GCR) announced to the ASX on 16 March 2010 a non renounceable entitlement offer of one fully paid new share for every two shares held by eligible shareholders at the record date of Wednesday 24 March 2010. The offer will allow eligible shareholders to acquire additional shares in the company at 1.8 cents per share, with one free 2011 option for every share subscribed. the offer price represents a discount of 11% to the weighted average price of the Company’s shares on tghe ASX in the five trading days up to and including 15 March 2010.

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