Results of Placing

RNS Number : 7085C

Golden Prospect Precious Metals Ltd

18 November 2009

 

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

£3.7 million placing of new ordinary shares

GPPM is pleased to announce it has raised approximately £3.7 million, before expenses, by way of a Placing (the "Placing") with institutional and other investors (including existing shareholders) of 6,099,000 new ordinary shares of £0.001 each in the Company (the "Placing Shares") at a price of 60 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") and to trading on the International Bulletin Board, the market of that name operated by the London Stock Exchange ("ITBB"). Dealings in the Placing Shares are expected to commence on both the CISX and ITBB at 8:00a.m. on 20 November 2009. 

Following the admission of the Placing Shares, the Company will have a total of 37,950,000 ordinary shares in issue.

Enquiries:

Legis Fund Services Limited  Patrick Farncombe	Tel: [phone]
Singer Capital Markets Limited Jos Trusted Richard Savage	Tel: [phone]

 

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