Issue of Equity

RNS Number : 4634Q

Golden Prospect Precious Metals Ltd

09 April 2009

 



Golden Prospect Precious Metals Limited ('GPPM' or the 'Company')

£7.6 million placing of new ordinary shares

GPPM is pleased to announce it has raised approximately £7.6 million, before expenses, by way of a Placing (the 'Placing') with institutional and other investors (including existing shareholders) of 18,924,294 new ordinary shares of £0.001 each in the Company (the 'Placing Shares') at a price of 40 pence per Placing Share (the 'Placing Price').

The net proceeds of the Placing will be used for investment purposes in accordance with the Company's stated investment strategy. 

Application has been made for the Placing Shares to be admitted to the Daily Official List of the Channel Islands Stock Exchange ('CISX') and to trading on AIM, the market of that name operated by the London Stock Exchange ('AIM'). Dealings in the Placing Shares are expected to commence on both the CISX and AIM at 8:00a.m. on 14 April 2009. 

Following the admission of the Placing Shares, the Company will have a total of 31,851,000 ordinary shares in issue.

As part of the Placing, Malcolm Burne acquired 62,500 shares at the Placing Price. Following this acquisition, Mr Burne holds 137,500 ordinary shares in the Company, representing 0.43% of the Company's issued share capital (following the admission of the Placing Shares).

Enquiries:

Northern Trust International Fund Administration Services (Guernsey) Limited Cara De La Mare	Tel: [phone]
Singer Capital Markets Limited Jos Trusted	Tel: [phone]

---

 

END

 

 

IOEZKLFBKZBZBBB