Blackgold Natural Resources Limited Issues April 2026 Judicial Management Update

Key Developments and Potential Share Price Impacts

Blackgold Natural Resources Limited (“the Company”), currently under Judicial Management, has released its monthly update for April 2026. The update provides investors with important information regarding ongoing negotiations and possible future developments that could significantly impact the Company’s financial position and share price.

1. Ongoing Negotiations with PT Rajawali Artha Global (RAG)

• The Judicial Manager and PT Rajawali Artha Global (“RAG”) have been actively negotiating the terms of a revised investment proposal, which includes the preparation and finalisation of a definitive Investment Funding Agreement.
• Discussions have been conducted through their respective legal advisers, indicating a high level of diligence and formality in the process.
• As of the end of April 2026, a final draft of the Investment Funding Agreement has been forwarded to RAG’s legal advisors for their review and comments.
• The parties are working towards entering into the Investment Funding Agreement shortly, pending the finalisation and engrossment of definitive documentation.

2. No Final Agreement Yet—Potential Share Price Sensitivity

• It is crucial for shareholders and potential investors to note that, as of the date of this announcement, no final agreement has been entered into between Blackgold and RAG.
• The successful execution of the Investment Funding Agreement could represent a significant development for Blackgold, potentially impacting its financial health, business prospects, and, consequently, its share price.
• Conversely, failure to reach an agreement may result in continued financial uncertainty for the Company.

3. Ongoing Disclosure and Shareholder Advisory

• The Company has committed to making further announcements to update shareholders on all material developments in compliance with Catalist Rules.
• Shareholders and potential investors are strongly advised to monitor future announcements closely, as any progress (or lack thereof) in these negotiations could have a direct impact on the Company’s valuation and trading activity.
• Investors are also encouraged to consult with their stockbrokers, solicitors, or other professional advisers should they have any doubts about appropriate actions to take.

4. Administrative Details

• This announcement was submitted by Mr. Farooq Ahmad Mann, the Judicial Manager, on 30 April 2026.
• The Company’s sponsor, Evolve Capital Advisory Private Limited, has reviewed the announcement, but it has not been examined or approved by the Singapore Exchange Securities Trading Limited (SGX-ST), which assumes no responsibility for its content.
• Contact for Sponsor: Mr. Jerry Chua, Tel: (65) 6241 6626, 160 Robinson Road, #20-01/02, SBF Center, Singapore 068914.

Investor Takeaway

The ongoing negotiations with PT Rajawali Artha Global and the imminent possibility of an Investment Funding Agreement represent a material development for Blackgold Natural Resources Limited. The outcome of these discussions could have a direct and significant impact on the Company’s financial standing and share price. Investors should remain vigilant for further announcements and consider seeking professional advice as the situation evolves.

Disclaimer: This article is for informational purposes only and does not constitute financial advice or a solicitation to buy or sell any securities. Investors should conduct their own due diligence and consult with professional advisers before making investment decisions. The Singapore Exchange Securities Trading Limited does not assume responsibility for the accuracy of this information.

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