/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES/
TSX, ASX: TRY
PERTH, Western Australia, March 5 /CNW/ - Troy Resources NL ("Troy" or the "Company") (TSX, ASX: TRY) is pleased to announce the closing of the issue of an additional 1,050,000 ordinary shares at a price of C$2.60 per share, for gross proceeds of C$2,730,000 pursuant to the exercise of the over-allotment option (the "Over-Allotment Option") granted by Troy to a syndicate of agents led by Scotia Capital Inc. and which included Macquarie Capital Markets Canada Ltd., National Bank Financial Inc. and RBC Capital Markets (collectively, the "Agents"). The Over-Allotment Option was granted to the Agents in connection with the Company's initial public offering in Canada of 8,462,000 ordinary shares at a price of C$2.60 per share (the "Offering") which closed on February 11, 2008. The total gross proceeds raised pursuant to the Offering and the Over-Allotment Option was C$24,731,200.
Section 708A Notice
Troy gives notice pursuant to Section 708A(5)(e) of the Corporations Act 2001 (Cth) (Australia) that the additional 1,050,000 ordinary shares offered under its Canadian prospectus were issued on 5 March 2008 without disclosure to investors under Part 6D.2 of the Corporations Act. At the date of this notice Troy has complied with the provisions of Chapter 2M of the Corporations Act as they apply to Troy and Section 674 of the Corporations Act. There is no excluded information for the purposes of Section 708A(7) and (8) of the Corporations Act.
Troy is a gold mining and exploration company incorporated under the laws of Australia and is listed on the ASX and the TSX, in each case, under the symbol "TRY". Troy has been engaged in the acquisition, exploration, development and operation of mineral properties since 1984. Troy's portfolio includes gold projects in Brazil, Australia and Mongolia.
Additional information relating to Troy is available on the company's website at: www.try.com.au.
This News Release does not constitute an offer to sell or the solicitation of an offer to buy any ordinary shares within the United States. The ordinary shares have not been offered and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act"), or any state securities laws. Accordingly, the ordinary shares may not be offered or sold in the United States or to U.S. persons (as such terms are defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws or an exemption from such registration is granted.