Landore Resources Limited
16 November 2006
16 November 2006
Landore Resources Limited
Placing Raises £705,000
Landore Resources Limited (the 'Company'), the mineral exploration and
development company, predominantly based in Eastern Canada, today announces that
it has placed 7,343,748 new ordinary shares of 1p each in the Company ('Placing
Shares') at a placing price of 9.6p per share (the 'Placing') to finance working
capital and exploration expenditure.
The following Directors have subscribed for Placing Shares:
Director Placing Shares Shareholding Percentage of
subscribed immediately enlarged issued
following share capital %
admission of
the Placing
Shares
Bill Humphries 781,250 9,823,314 9.79
Richard
Prickett 781,250 5,632,524 5.61
Charles
Wilkinson 208,333 854,047 0.85
Helen Green 52,083 99,083 0.10
James Garber 52,083 52,083 0.05
The Placing is conditional on admission of the Placing Shares to AIM.
Application has been made for admission of the Placing Shares to trading on AIM,
and is expected to take place on 23 November 2006.
In total the Directors have subscribed for 25.5% of the Placing Shares, the
balance being placed with private and institutional investors.
Enquiries:
Bill Humphries, Chairman Tel: 07734 681262
Richard Prickett, Chief Executive Tel: 07775 651421
Landore Resources Limited www.landore.com
Simon Raggett Tel: 020 7409 3494
Strand Partners Limited
David Bick Tel: 07831 381201
Holborn Public Relations Limited
This information is provided by RNS
The company news service from the London Stock Exchange
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