It is with sincere regret and great sadness that Kingsgate Consolidated Limited (ASX: KCN) wishes to advise that long serving Managing Director and Chief Executive Officer (CEO), Gavin Thomas, has passed away in Sydney with his family by his side.

Gavin has been fighting a serious illness over the past 18 months with the same focus and vigour that has exemplified his working life and the outstanding contribution he has made to mineral exploration, discovery and operation throughout Australia and the Pacific Rim.

Chairman of Kingsgate Ross Smyth-Kirk said he and the Board recognised Gavin’s contribution to the industry and in particular to Kingsgate, which he joined in 2004, had been extraordinary in both dedication and discovery.

“Gavin’s legacy to the mining industry goes well beyond his time at Kingsgate. He had more than 40 years of experience operating throughout the world. Under his leadership Kingsgate evolved from a single operation in Thailand into a geographically diversified asset base,” he said.

The Board and broader Kingsgate family wishes to pass on its sincere sympathy and condolences to Gavin’s family and friends at this time.

Ross Smyth-Kirk
Chairman
Kingsgate Consolidated Limited

Kingsgate Consolidated Limited (ASX: KCN) wishes to advise that business is continuing as usual at its Chatree operations in Thailand following the move by the army to take control of the administration of the country on Wednesday 22 May. This followed the imposition of martial law on Tuesday 20 May 2014 which was implemented after several months of anti-government protests in Bangkok.

Kingsgate has been investing and operating in Thailand for over 15 years and the mine has not lost one day of production due to similar issues over that time. Travel to Thailand, including the capital Bangkok and the Chatree mine approximately 250km north of Bangkok, continues around the imposed curfew of 10.00pm to 5.00am.

Kingsgate would also like to confirm that the previously announced annual gold production guidance remains unchanged at 190,000 to 210,000 ounces, with both Chatree and Challenger performing inline with expectations.
Gavin Thomas
Managing Director and CEO
Kingsgate Consolidated Limited

The Board of Kingsgate Consolidated Limited ABN 42 000 837 472 (“Company”) has resolved to cancel the general meeting scheduled to be held on 9 May 2014 (“General Meeting”), in accordance with rule 9.7 of the constitution of the Company.
The General Meeting was called for shareholders to consider and approve the following 3 resolutions:

• Resolution 1 – to approve and ratify under ASX Listing Rule 7.4 a prior issue of 11,774,572 ordinary shares to Investec Bank (Australia) Limited on 19 December 2013;
• Resolution 2 – to approve and ratify under ASX Listing Rule 7.4 a prior issue of 14,661,220 ordinary shares to domestic and international institutional investors on 28 March 2014; and
• Resolution 3 – to approve, if necessary, the issue up to 11,100,000 ordinary shares to RCA VI GP Ltd (an entity which forms part of the Resource Capital Funds (“RCF”) group) in the event that RCF’s commitment to subscribe for ordinary shares in the Company was not fulfilled by RCF partially sub-underwriting the recent Retail Entitlement Offer.

The Board has determined that:

• due to the success of the recent capital raising, the Company does not need to refresh its placement capacity at this point in time, and accordingly it is not necessary to put Resolution 1 and Resolution 2 to shareholders; and
• as RCF’s commitment was fulfilled under its sub-underwriting of the Retail Entitlement Offer, it is not necessary to put Resolution 3 to shareholders.

Accordingly, the Board has determined that in order to avoid costs and disruption associated with holding the General Meeting, it is in the best interest of the Company and shareholders to cancel the General Meeting.