Alba Mineral Resources PLC Placing to raise £355,000 (9784P)
June 12 2015 - 02:00AM
UK Regulatory
TIDMALBA
RNS Number : 9784P
Alba Mineral Resources PLC
12 June 2015
12 June 2015
Alba Mineral Resources plc
("Alba" or "the Company")
Placing to raise GBP355,000
Alba Mineral Resources plc (AIM:ALBA), the UK based exploration
company, is pleased to announce that it has raised GBP355,000
(before expenses) in a placing through the issue of 71,000,000 new
ordinary shares at a price of 0.50 pence per ordinary share (the
"Placing").
The net proceeds of the Placing will be used to satisfy ongoing
commitments to existing projects, for the evaluation of new project
opportunities and for general working capital purposes.
Application will be made for the new ordinary shares to be
admitted to trading on AIM. It is expected that admission will
become effective at 8.00 a.m. on 26 June 2015. The new ordinary
shares will be issued credited as fully paid and will rank in full
for all dividends and other distributions declared, made or paid
after admission and will otherwise rank on admission pari passu in
all respects with the existing ordinary shares.
Total Voting Rights
Following admission, the total number of ordinary shares in
issue will be 791,547,002. The Company does not hold any ordinary
shares in treasury. Therefore, the total number of ordinary shares
with voting rights will be 791,547,002. This figure may be used by
shareholders in the Company as the denominator for the calculations
by which they will determine if they are required to notify their
interest in, or a change to their interest in, the share capital of
the Company under the Financial Conduct Authority's Disclosure and
Transparency Rules.
Enquiries:
Alba Mineral Resources Plc 020 3696 4616
Michael Nott-CEO
Cairn Financial Advisers LLP
(Nominated Adviser) 020 7148 7900
Avi Robinson/James Caithie
Dowgate Capital Stockbrokers Limited
(Broker) 01293 517744
Jason Robertson
This information is provided by RNS
The company news service from the London Stock Exchange
END
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