Conversion of Securities

RNS Number : 7130G

Golden Prospect Precious Metals Ltd

02 July 2012

 



02 July 2012

GOLDEN PROSPECT PRECIOUS METALS LIMITED 

Exercise of Subscription Shares

Golden Prospect Precious Metals Limited ("GPPM" or the "Company"), the investment company which invests in gold and precious metals companies, announces that on 1 June  2012 it received a notice of exercise of Subscription Shares.  The Subscription Shares have been exercised in respect of 200 Ordinary Shares of 0.1p par value (the "New Ordinary Shares") at an exercise price of 130p per share.  The net proceeds that will be received by the Company following the exercise is £260.

The New Ordinary Shares will rank pari passu with the existing Ordinary Shares in the Company.  Application has been made for the New Ordinary Shares to be admitted to listing on the Official List of the CISX and to trading on the SETSqx platform of the London Stock Exchange.  It is expected that Admission will take place at 8.00am on 3 July 2012.

Following Admission, the Company will have 57,000,200 Ordinary Shares in issue. 

Enquiries:

Legis Fund Services Limited Patrick Farncombe	Tel: [phone]
Singer Capital Markets Limited James Maxwell Jennifer Wyllie	Tel: [phone]

 

END

 

 

CONLLFFEDFIFIIF