Additional Listing

RNS Number : 2582W

Golden Prospect Precious Metals Ltd

16 November 2010

 



Golden Prospect Precious Metals Ltd ("GPPM" or the "Company")

£2.5 million placing of new ordinary shares

GPPM is pleased to announce it has raised approximately £2.5 million, before expenses, by way of a Placing (the "Placing") with institutional and other investors (including existing shareholders) of 2,420,000 new ordinary shares of £0.001 each in the Company (the "Placing Shares") at a price of 101.5 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 will be made for the Placing Shares to be admitted to the Daily Official List of the Channel Islands Stock Exchange ("CISX"). Dealings in the Placing Shares are expected to commence on the CISX at 8:00a.m. on 17 November 2010. 

Following the admission of the Placing Shares, the Company will have a total of 40,370,000 ordinary shares in issue.

Enquiries:

Legis Fund Services Limited Hannah Girard	Tel: [phone]
Singer Capital Markets Limited James Maxwell Jenny Wyllie	Tel: [phone]
Threadneedle Communications Beth Harris	Tel: [phone]

 

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