Additional Listing

RNS Number : 1037Y

Golden Prospect Precious Metals Ltd

16 December 2010

 



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

£2.5 million placing of new ordinary shares

GPPM is pleased to announce that it 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 has been made for the Placing Shares to be admitted to trading on SETS qx. Dealings in the Placing Shares are expected to commence on SETS qx at 8:00 a.m. on 17 December 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]

 

END

 

 

IOEGGGWPPUPUGPQ