Placing and Conversion of Debt - Update

RNS Number : 1378R

Independent Resources PLC

07 December 2016

 

FOR IMMEDIATE RELEASE

Independent Resources plc

("IRG" or the "Company")

Placing and Conversion of Debt - Update

Independent Resources plc (the "Company") is pleased to announce that it can now confirm that the Placing announced on 6 December 2016 was fully subscribed.     

The Company therefore confirms that the Placing will be of 958.245million new Ordinary Shares in the Company to raise gross proceeds of £766,596, comprising £500,000 of new cash funding and the conversion of £266,596 of Company indebtedness.

Note that capitalised terms used in this announcement, but not defined, have the same meaning as in the announcement 'Placing and Conversion of Debt' of 6 December 2016.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

For more information, please visit www.ir-plc.com or contact:

Greg Coleman		Independent Resources plc	020 7070 0447
John Treacy Jamie Spotswood		ZAI Corporate Finance Ltd. (Nominated Adviser)	020 7060 2220
Oliver Stansfield Jonathan Evans		Brandon Hill Capital (Broker)	020 3463 5000
Simon Hudson		Tavistock Communications	020 7920 3150

 

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