Blackgold Natural Resources Limited (Under Judicial Management) – April 2026 Update

Key Developments for Investors

• The Company, Blackgold Natural Resources Limited, remains under Judicial Management and is listed on the Singapore Exchange (Catalist Board).
• Ongoing negotiations with PT Rajawali Artha Global (“RAG”) regarding a potential investment are progressing.
• As of April 2026, the Judicial Manager and RAG are in advanced stages of finalizing the Investment Funding Agreement, with principal commercial terms and legal documentation being ironed out.
• A final draft of the Investment Funding Agreement has already been sent to RAG’s legal advisers for their review and comments.
• No binding agreement has been executed yet between the Company and RAG as of the date of this announcement.
• The Company will provide further updates as material developments arise, in accordance with Catalist Rules.

Key Points and Potential Price-Sensitive Information

• Potential Investment by RAG: The continued discussions and near-finalization of the Investment Funding Agreement with PT Rajawali Artha Global are of significant interest to shareholders. Should the agreement be executed, it may have a direct and material impact on the Company’s financial position and future prospects, which could in turn affect share value.
• Judicial Management Status: The Company remains under Judicial Management, indicating ongoing restructuring efforts and financial uncertainty. The outcome of these negotiations with RAG could be pivotal for the Company’s recovery and long-term viability.
• Timing of Announcement: The fact that parties are “working towards entering into the Investment Funding Agreement shortly” and that the final draft is with RAG’s lawyers suggests that a resolution could be imminent. Any announcement of a signed agreement may be price-sensitive and could result in share price movement.
• Uncertainty Remains: Until a definitive agreement is entered into, there is no certainty that the investment will proceed. Shareholders should continue to monitor company announcements closely for further developments.

Additional Details for Shareholders

• The Judicial Manager overseeing this process is Mr. Farooq Ahmad Mann.
• The Company’s sponsor for Catalist compliance is Evolve Capital Advisory Private Limited, specifically Mr. Jerry Chua (contact: +65 6241 6626).
• The Singapore Exchange has not examined or approved the contents of this announcement. Responsibility for the accuracy of information rests with the Company and its sponsor.
• Shareholders and potential investors are strongly advised to consult their stockbrokers, solicitors, or other professional advisors if they have any doubts regarding their actions.

Conclusion

The ongoing negotiations between Blackgold Natural Resources Limited and PT Rajawali Artha Global represent a critical potential turning point for the Company. The successful execution of the Investment Funding Agreement could significantly bolster the Company’s financial stability and prospects, which in turn may affect the share price. However, the absence of a binding agreement at this time means uncertainty remains. Investors should stay alert for further announcements from the Company regarding this matter.

Disclaimer

This article is provided for informational purposes only and does not constitute investment advice. All information is based on official company disclosures and public announcements as of 30 April 2026. The Singapore Exchange has not reviewed or approved the content of this article. Readers are advised to consult professional advisors before making any investment decisions related to Blackgold Natural Resources Limited.

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