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Prairie Mining Ltd (PDZ)

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Thursday 17 September, 2020

Prairie Mining Ltd

Share Purchase Plan Results

RNS Number : 2834Z
Prairie Mining Limited
17 September 2020
 

PRAIRIE MINING LIMITED

 

NEWS RELEASE |   17 September 2020

 

SHARE PURCHASE PLAN RESULTS

 

Prairie Mining Limited (Prairie or Company) is pleased to announce that the Company has received valid applications for a small oversubscription of 16,080,000 shares at an issue price of A$0.25 each to raise A$4.02 million under the Company's share purchase plan (SPP).

 

Pursuant to the SPP, the Company will accept all valid applications and there will be no scale back.

 

Valid applicants under the SPP will receive a letter in the coming days from Computershare with confirmation of their personal allocations. All invalid applications will receive a refund cheque.

 

The shares for the SPP are likely to be issued on 23 September 2020 with trading on the ASX to commence on 25 September 2020.

 

An application will be made for admission of the SPP shares to the standard listing segment of the Official List of the FCA (Official List) and to trading on the main market of the London Stock Exchange for listed securities (together, LSE Admission). LSE Admission is expected to take place on 1 October 2020.

 

Following LSE Admission, the Company's issued ordinary share capital will be 228,355,089 ordinary shares. The above figure of 228,355,089 may be used by shareholders as the denominator for the calculations by which they can determine if they are required to notify their interest in, or a change to their interest in, the Company following LSE Admission.

 

For further information, please contact:

Prairie Mining Limited

Tel: +44 207 478 3900

  Ben Stoikovich, Chief Executive Officer

Email: [email protected]

Sapan Ghai, Head of Corporate Development

Kazimierz Chojna, Commercial Officer

 

 

This announcement has been authorised for release by the Company Secretary.

 

 

 

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