Conversion of Securities

RNS Number : 4403H

Golden Prospect Precious Metals Ltd

20 June 2013

 

GOLDEN PROSPECT PRECIOUS METALS LIMITED

Exercise of Subscription Shares

Golden Prospect Precious Metals Limited ("GPPM" or the "Company"), the investment company which invests in gold and precious metals companies, announces that on 31 May 2013 it received a notice of exercise of Subscription Shares. The Subscription Shares have been exercised in respect of 74 Ordinary Shares of 0.1p par value (the "New Ordinary Shares") at an exercise price of 130p per share. The net proceeds that will be received by the Company following the exercise is c.£96.

The New Ordinary Shares will rank pari passu with the existing Ordinary Shares in the Company. Application has been made for the New Ordinary Shares to be admitted to listing on the Official List of the CISX and to trading on the SETSqx platform of the London Stock Exchange. It is expected that Admission will take place at 8.00am on 24 June 2013.

Following Admission, the Company will have 57,001,926 Ordinary Shares in issue and 28,498,048 Subscription Shares in issue.

Enquiries:

Legis Fund Services Limited Valerie Goodwin	Tel: [phone]
N+1 Singer James Maxwell Jennifer Wyllie	Tel: [phone]

 

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