Troy Resources NL
			Symbol			TRY
			Shares Issued			74,694,744
			Close 2009-11-03			C$ 2.22
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Troy Resources sets out entitlements issue timetable

2009-11-03 19:46 ET - News Release

Mr. David Sadgrove reports

TROY RESOURCES NL: NON-RENOUNCEABLE ENTITLEMENTS ISSUE-NOTICE PURSUANT TO PARAGRAPH 708AA(2)(F) OF THE CORPORATIONS ACT 2001 ("ACT")

Troy Resources NL announced in Stockwatch on Oct. 29, 2009, that it will be offering eligible shareholders the opportunity to acquire additional fully paid ordinary shares in the capital of the company at $2 per share via a non-renounceable entitlements issue on the basis of one share for every six shares held at the record date.

The maximum number of shares which may be issued under the entitlements issue is estimated to be approximately 12,449,790 (assuming no existing options are exercised).

The entitlements issue is fully underwritten by Argonaut Capital Ltd., Bell Potter Securities Ltd. and Euroz Securities Ltd.

An indicative timetable is set out. The directors of the company reserve the right to amend the indicative timetable, subject to the Australian Securities Exchange listing rules.

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