ANNOUNCEMENT DETAILS

OTHERS THREE-A RESOURCES BERHAD (“3A” OR THE “COMPANY”) EXTENSION OF TIME FOR THE UTILISATION OF PROCEEDS ARISING FROM PRIVATE PLACEMENT OF UP TO 20% OF THE ISSUED AND PAID UP SHARE CAPITAL OF 3A

THREE-A RESOURCES BERHAD
Announcement Date 17 May 2012
Type Announcement
Subject OTHERS
Description THREE-A RESOURCES BERHAD (“3A” OR THE “COMPANY”)
EXTENSION OF TIME FOR THE UTILISATION OF PROCEEDS ARISING FROM PRIVATE PLACEMENT OF UP TO 20% OF THE ISSUED AND PAID UP SHARE CAPITAL OF 3A

We refer to our announcement made on 16 November 2011 (ref No. CK-111116-62719) where 3A had resolved and approved the extension of time until 12 May 2012, for the utilization of the balance of proceeds amounting to RM12.116 million arising from the Private Placement (“Balance of Proceeds”). As at 12 May 2012, the Balance of Proceeds intended for oversea investment remained unutilized.

The Board of Directors of 3A wishes to announce that it had on 17 May 2012 resolved and approved to extend the time frame for the utilization of the Balance of Proceeds for another 12 months until 12 May 2013.

Save for the above, there is no other change to the utilization of proceeds.

The extension of time for the utilization of the Balance of Proceeds is not subject to any shareholders or regulatory approvals and the Board of Directors is of the opinion that the extension of time for the utilization of proceeds is in the best interest of the Company.